AmeriServ Financial, Inc. (ASRV) 10-Year Financial Performance & Capital Metrics

ASRV • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutAmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, and money orders. The company also provides lending, depository, and related financial services, such as commercial real estate mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services to commercial, industrial, financial, and governmental customers. In addition, the company offers personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services comprising 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it engages in underwriting as reinsurer of credit life and disability insurance. The company operates through a network of 17 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland counties, Pennsylvania, and Washington County, Maryland; and operates 18 automated bank teller machines. AmeriServ Financial, Inc. is headquartered in Johnstown, Pennsylvania.Show more

Net Interest Income $36M
Total Revenue $84M +9.4%
Net Income $4M +207.6%
Return on Equity 3.44% +207.1%
Net Interest Margin 2.53% -2.2%
Efficiency Ratio 57.69% -9.7%
ROA 0.26% +205.4%
Equity / Assets 7.54% +2.4%
Book Value per Share 6.38 +7.0%
Tangible BV/Share 5.57 +7.8%
Debt/Equity 0.95 -16.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Healthy dividend yield of 3.7%
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.3%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.43%

5Y5.53%

3Y9.45%

TTM-

Profit (Net Income) CAGR

10Y1.77%

5Y-9.79%

3Y-20.15%

TTM217.58%

EPS CAGR

10Y3.42%

5Y-9.71%

3Y-19.99%

TTM225.44%

ROCE

10Y Avg3.32%

5Y Avg2.44%

3Y Avg1.61%

Latest2.22%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	35.36M	34.13M	35.56M	35.49M	35.44M	36.37M	39.08M	40.56M	36.02M	36.05M
NII Growth %	0.04%	-0.03%	0.04%	-0%	-0%	0.03%	0.07%	0.04%	-0.11%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	41.88M	41.87M	44.36M	47.09M	49.77M	46.88M	46.67M	49.06M	60.86M	66.5M
Interest Expense	6.52M	7.74M	8.79M	11.6M	14.32M	10.52M	7.59M	8.49M	24.84M	30.46M
Loan Loss Provision	1.25M	3.95M	800K	-600K	800K	2.38M	1.1M	50K	7.43M	884K
Non-Interest Income+	15.27M	14.64M	14.64M	14.22M	14.77M	16.27M	17.76M	16.69M	16.39M	17.98M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	57.15M	56.51M	59M	61.32M	64.54M	63.16M	64.43M	65.75M	77.25M	84.48M
Revenue Growth %	0.04%	-0.01%	0.04%	0.04%	0.05%	-0.02%	0.02%	0.02%	0.17%	0.09%
Non-Interest Expense	41.04M	41.62M	40.73M	40.87M	41.81M	44.45M	46.97M	48M	49.37M	48.74M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.34M	3.21M	8.68M	9.45M	7.6M	5.81M	8.77M	9.2M	-4.39M	4.4M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.8%	-0.62%	1.71%	0.09%	-0.2%	-0.24%	0.51%	0.05%	-1.48%	2%
Pretax Income+	8.34M	3.21M	8.68M	9.45M	7.6M	5.81M	8.77M	9.2M	-4.39M	4.4M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.34M	897K	5.39M	1.68M	1.57M	1.21M	1.7M	1.75M	-1.04M	798K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6M	2.31M	3.29M	7.77M	6.03M	4.6M	7.07M	7.45M	-3.35M	3.6M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.98%	-0.61%	0.43%	1.36%	-0.22%	-0.24%	0.54%	0.05%	-1.45%	2.08%
Net Income (Continuing)	6M	2.31M	3.29M	7.77M	6.03M	4.6M	7.07M	7.45M	-3.35M	3.6M
EPS (Diluted)+	0.31	0.12	0.18	0.43	0.35	0.27	0.41	0.43	-0.20	0.21
EPS Growth %	1.07%	-0.61%	0.5%	1.39%	-0.19%	-0.23%	0.52%	0.05%	-1.47%	2.05%
EPS (Basic)	0.31	0.12	0.18	0.43	0.35	0.27	0.41	0.44	-0.20	0.21
Diluted Shares Outstanding	18.93M	18.95M	18.6M	18.04M	17.44M	17.06M	17.11M	17.15M	17.14M	16.8M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	48.51M	34.07M	34.19M	34.89M	22.17M	31.5M	41.1M	22.96M	14.03M	17.75M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.01B	1.03B	1.05B	1.04B	1.06B	1.16B	1.19B	1.22B	1.25B	1.27B
Investments Growth %	0.05%	0.02%	0.02%	-0.01%	0.02%	0.09%	0.03%	0.03%	0.03%	0.02%
Long-Term Investments	895.49M	907.59M	921.3M	895.22M	918.23M	1.01B	1.03B	1.04B	1.09B	1.12B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	11.94M	11.94M	11.94M	11.94M	11.94M	11.94M	13.61M	13.61M	13.61M	13.61M
Intangible Assets	0	0	0	0	0	0	158K	128K	101K	77K
PP&E (Net)	12.11M	11.69M	12.73M	13.35M	18.57M	18.05M	17.43M	17.5M	17.18M	18.11M
Other Assets	48.93M	47.63M	48.79M	51.42M	51.1M	59.21M	68.71M	80.61M	83.47M	91.97M
Total Current Assets	171.03M	164.27M	166.93M	185.11M	167.37M	180.74M	208.26M	207.27M	185.27M	178.85M
Total Non-Current Assets	977.46M	989.51M	1B	975.57M	1B	1.1B	1.13B	1.16B	1.2B	1.24B
Total Assets+	1.15B	1.15B	1.17B	1.16B	1.17B	1.28B	1.34B	1.36B	1.39B	1.42B
Asset Growth %	0.05%	0%	0.01%	-0.01%	0.01%	0.1%	0.04%	0.02%	0.02%	0.02%
Return on Assets (ROA)	0.01%	0%	0%	0.01%	0.01%	0%	0.01%	0.01%	-0%	0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	117.06M	78.64M	115.7M	108.18M	100.57M	114.08M	72.84M	138.37M	115.56M	101.69M
Net Debt	68.97M	44.57M	81.51M	73.28M	78.41M	82.58M	31.74M	115.41M	101.53M	83.94M
Long-Term Debt	68.31M	65.89M	66.62M	67.15M	74.13M	85.49M	69.26M	46.41M	71.25M	82.78M
Short-Term Debt	48.75M	12.75M	49.08M	41.03M	22.41M	24.7M	0	88.64M	40.95M	14.64M
Other Liabilities	9.17M	11.95M	8.91M	5.36M	11.48M	9.33M	5.86M	10.79M	13.45M	12.43M
Total Current Liabilities	952.04M	980.54M	997.03M	990.2M	982.92M	1.08B	1.14B	1.2B	1.2B	1.22B
Total Non-Current Liabilities	77.48M	77.84M	75.52M	72.5M	89.64M	98.71M	79.63M	60.52M	88.05M	99.48M
Total Liabilities	1.03B	1.06B	1.07B	1.06B	1.07B	1.18B	1.22B	1.26B	1.29B	1.32B
Total Equity+	118.97M	95.39M	95.1M	97.98M	98.61M	104.4M	116.55M	106.18M	102.28M	107.25M
Equity Growth %	0.04%	-0.2%	-0%	0.03%	0.01%	0.06%	0.12%	-0.09%	-0.04%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.02%	0.03%	0.08%	0.06%	0.05%	0.06%	0.07%	-0.03%	0.03%
Book Value per Share	6.28	5.03	5.11	5.43	5.65	6.12	6.81	6.19	5.97	6.38
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	265K	265K	266K	266K	267K	267K	267K	267K	268K	268K
Additional Paid-in Capital	145.44M	145.53M	145.71M	145.78M	145.89M	145.97M	146.07M	146.22M	146.36M	146.37M
Retained Earnings	34.65M	36M	40.31M	46.73M	51.76M	54.64M	60.01M	65.49M	58.9M	60.48M
Accumulated OCI	-7.55M	-11.58M	-12.95M	-14.22M	-16.17M	-13.2M	-6.51M	-22.52M	-19.98M	-15.08M
Treasury Stock	-74.83M	-74.83M	-78.23M	-80.58M	-83.13M	-83.28M	-83.28M	-83.28M	-83.28M	-84.79M
Preferred Stock	21M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.83M	6.59M	7.52M	7.98M	4.89M	-1.37M	9.94M	5.21M	6.29M	2.69M
Operating CF Growth %	0.98%	-0.33%	0.14%	0.06%	-0.39%	-1.28%	8.24%	-0.48%	0.21%	-0.57%
Net Income	6M	2.31M	3.29M	7.77M	6.03M	4.6M	7.07M	7.45M	-3.35M	3.6M
Depreciation & Amortization	1.79M	1.8M	1.67M	1.53M	1.87M	2M	2.04M	2.1M	2.07M	2.08M
Deferred Taxes	888K	414K	4.3M	2.67M	179K	1.61M	729K	533K	-565K	-34K
Other Non-Cash Items	956K	2.12M	-1.38M	-4.41M	-3.72M	-7.35M	-440K	-4.06M	5.81M	-2.51M
Working Capital Changes	15K	-70K	-373K	416K	519K	-2.23M	500K	-859K	2.27M	-461K
Cash from Investing+	-49.85M	-25.18M	-20.23M	2.69M	-13.02M	-95.32M	-488K	-56.28M	-39.99M	-23.1M
Purchase of Investments	-28.48M	-54.88M	-43.46M	-51.17M	-20.34M	-45.88M	-77.85M	-69.31M	-29.23M	-22.8M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	40.43M	0	0	0
Other Investing	-53.2M	-5.16M	-6.9M	26.59M	-19.8M	-89.31M	-8.28M	-8.96M	-49.9M	-32.07M
Cash from Financing+	55.66M	4.15M	12.82M	-9.97M	-4.59M	106.03M	146K	32.93M	24.77M	24.13M
Dividends Paid	-964K	-960K	-1.11M	-1.35M	-1.64M	-1.72M	-1.71M	-1.97M	-2.06M	-2.02M
Share Repurchases	0	0	-3.4M	-2.35M	-2.55M	-151K	0	0	0	-1.51M
Stock Issued	0	0	0	0	0	0	57K	106K	94K	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	33.34M	64.49M	-19.68M	1.29M	11.44M	94.48M	42.12M	-30.74M	49.86M	42.64M
Net Change in Cash+	15.64M	-14.44M	115K	706K	-12.73M	9.34M	9.6M	-18.14M	-8.94M	3.72M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	32.87M	48.51M	34.07M	34.19M	34.89M	22.17M	31.5M	41.1M	22.96M	14.03M
Cash at End	48.51M	34.07M	34.19M	34.89M	22.17M	31.5M	41.1M	22.96M	14.03M	17.75M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	8.95M	5.21M	4.82M	5.84M	2.07M	-2.7M	8.7M	3.13M	4.91M	976K
FCF Growth %	1.76%	-0.42%	-0.08%	0.21%	-0.65%	-2.3%	4.22%	-0.64%	0.57%	-0.8%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.14%	2.16%	3.46%	8.05%	6.13%	4.53%	6.4%	6.69%	-3.21%	3.44%
Return on Assets (ROA)	0.54%	0.2%	0.28%	0.67%	0.52%	0.37%	0.54%	0.55%	-0.24%	0.26%
Net Interest Margin	3.08%	2.96%	3.05%	3.06%	3.03%	2.84%	2.93%	2.97%	2.59%	2.53%
Efficiency Ratio	71.81%	73.65%	69.03%	66.66%	64.79%	70.39%	72.9%	73.01%	63.91%	57.69%
Equity / Assets	10.36%	8.27%	8.14%	8.44%	8.42%	8.14%	8.73%	7.79%	7.36%	7.54%
Book Value / Share	6.28	5.03	5.11	5.43	5.65	6.12	6.81	6.19	5.97	6.38
NII Growth	3.87%	-3.47%	4.18%	-0.19%	-0.15%	2.61%	7.47%	3.79%	-11.2%	0.08%
Dividend Payout	12.57%	40.91%	33.8%	17.34%	27.24%	37.32%	24.15%	26.41%	-	56.1%

Revenue by Segment

	2020	2021	2022	2023	2024
Asset Management	-	-	-	-	12.32M
Asset Management Growth	-	-	-	-	-
Financial Service, Other	-	-	-	-	2.12M
Financial Service, Other Growth	-	-	-	-	-
Deposit Account	903K	-	-	-	1.19M
Deposit Account Growth	-	-	-	-	-
Wealth management fees	-	-	11.62M	11.27M	-
Wealth management fees Growth	-	-	-	-3.05%	-
Other	-	2.02M	2.01M	2.06M	-
Other Growth	-	-	-0.40%	2.74%	-
Service charges on deposit accounts	-	965K	1.11M	1.16M	-
Service charges on deposit accounts Growth	-	-	14.82%	4.96%	-
Wealth management fees.	-	11.99M	-	-	-
Wealth management fees. Growth	-	-	-	-	-
Asset Management1	10.21M	-	-	-	-
Asset Management1 Growth	-	-	-	-	-
Financial Service Other	1.71M	-	-	-	-
Financial Service Other Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AmeriServ Financial, Inc. (ASRV) has a price-to-earnings (P/E) ratio of 15.3x. This is roughly in line with market averages.

Growth & Financials

AmeriServ Financial, Inc. (ASRV) grew revenue by 9.4% over the past year. This is steady growth.

Yes, AmeriServ Financial, Inc. (ASRV) is profitable, generating $3.7M in net income for fiscal year 2024 (4.3% net margin).

Dividend & Returns

Yes, AmeriServ Financial, Inc. (ASRV) pays a dividend with a yield of 3.73%. This makes it attractive for income-focused investors.

AmeriServ Financial, Inc. (ASRV) has a return on equity (ROE) of 3.4%. This is below average, suggesting room for improvement.

Industry Metrics

AmeriServ Financial, Inc. (ASRV) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

AmeriServ Financial, Inc. (ASRV) has an efficiency ratio of 57.7%. This is reasonable for a bank.

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