ASRV News & Events

Jeffrey Stopko, President and CEO, commented on the 2025 financial results: "AmeriServ Financial's improved financial performance in 2025 was driven by increased revenue which caused us to achieve earnings growth while absorbing a higher provision for credit losses which was needed to bring final resolution to our largest non-performing loan. The increase in total revenue was caused by meaningful improvement in our net interest income for both the fourth quarter and full year of 2025 because of effective balance sheet management. Specifically, our net interest margin increased by 34-basis points for the 2025 year leading to a $6.2 million increase in net interest income, which is important since this category represents approximately 70% of our total revenue. Additionally, our non-interest expense also favorably declined in 2025. We will continue to diligently focus on both revenue growth and expense control to further improve the Company's operating efficiency in 2026. Finally, both our book value per share and tangible book value per share experienced growth in 2025 increasing by 11.2% to $7.22 and 12.9% to $6.39, respectively, during the past year."

AmeriServ Financial and SB Value Partners announced that they entered into an agreement that amends and restates the previously executed and disclosed April 2025 consulting agreement between the parties. The amended agreement expands the nature and scope of the consulting services to be provided to the company by SBV over the four-year term of the agreement. The amended agreement is intended to strengthen and expand the strategic partnership with SBV and results from the highly professional and excellent collaboration between both firms over the past eight months.

AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial (ASRV), and Federated Hermes (FHI) announced a new strategic alliance designed to broaden investment opportunities for AmeriServ's individual and institutional wealth management customers across the region. Through this alliance, AmeriServ Bank's Wealth and Capital Management division along with its registered investment advisory subsidiary, AmeriServ Wealth Advisors, will now offer its clients access to the full complement of Federated Hermes' investment research, resources, Portfolio Construction Solutions, and wealth management products. This alliance underscores both organizations' commitment to delivering comprehensive financial services tailored to the evolving needs of both individual and institutional clients in Western Pennsylvania.

Reports Q3 net interest margin 3.27%, a 56-basis point improvement for the quarter vs. last year. Tangible book value of $6.11 from $5.89 last quarter. CEO Jeffrey Stopko commented: "AmeriServ Financial achieved record quarterly earnings in Q3 2025 due to our continued focus on generating positive operating leverage. The increase in total revenue was caused by meaningful improvement in our net interest income for both the third quarter and first nine months of 2025 because of effective balance sheet management. Specifically, our net interest margin increased by 41-basis points for the first nine months of 2025 leading to a $4.8M increase in net interest income which is important since this category represents approximately 70% of our total revenue. Additionally, our non-interest expense has favorably declined for the first nine months of 2025. We will continue to diligently focus on both revenue growth and expense control to further improve the Company's operating efficiency."