AmeriServ Financial, Inc.
- Open
- 3.93
- Day high
- 3.95
- Day low
- 3.86
- Prev close
- 3.90
- Volume
- 8K
- Mkt cap
- $66M
- P/E (TTM)
- 11.7
- EPS (TTM)
- $0.33
- P/B
- 0.5
- P/S
- 0.7
- Yield
- 3.10%
- Per share
- $0.12
- ▲Insiders net buying $12K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions reducing (13F)
AmeriServ Financial, Inc. (ASRV) is a Financial Services company listed on NASDAQ. The stock is up 25% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
AmeriServ Financial, Inc. (ASRV) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ASRV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | — | $0.11 | — | $21M | — |
| Mar 18, 2026 | — | $0.09 | — | $23M | — |
| Jul 22, 2025 | — | $-0.02 | — | $22M | — |
| Jan 21, 2025 | — | $0.05 | — | $14M | — |
| Oct 22, 2024 | — | $0.07 | — | $13M | — |
| Jul 16, 2024 | — | $-0.02 | — | $17M | — |
| Apr 16, 2024 | — | $0.11 | — | $14M | — |
| Jan 23, 2024 | — | $-0.31 | — | $11M | — |
| Oct 17, 2023 | — | $0.04 | — | $13M | — |
| Jul 18, 2023 | — | $-0.01 | — | $13M | — |
| Apr 18, 2023 | — | $0.09 | — | $14M | — |
| Jan 24, 2023 | — | $0.11 | — | $14M | — |
ASRV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | Hickton David J.director | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | Onorato Daniel A.director | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | PASQUERILLA MARK Edirector | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | KUNKLE KIM Wdirector | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | Bloomingdale Richard W.director | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | ADAMS J MICHAEL JRdirector | Grant | 7,250 | $3.79 |
| Jun 3, 2026 | Bradley Amydirector | Grant | 7,250 | $3.79 |
| Jun 1, 2026 | FINUI DAVID Aofficer: Pres. ASRV Wealth & Cap. Mgmt. | Grant | 9 | $3.92 |
| Jun 1, 2026 | Onorato Daniel A.director | Grant | 434 | $3.92 |
| Jun 1, 2026 | Bloomingdale Richard W.director | Grant | 222 | $3.92 |
| Jun 1, 2026 | KUNKLE KIM Wdirector | Grant | 69 | $3.92 |
| Jun 1, 2026 | Hickton David J.director | Grant | 196 | $3.92 |
| Jun 1, 2026 | KUNKLE KIM Wdirector | Grant | 921 | $3.92 |
| Jun 1, 2026 | KUNKLE KIM Wdirector | Grant | 305 | $3.92 |
| May 6, 2026 | STOPKO JEFFREY Aofficer: President & CEO ASRV & Bank | Buy | 3,000 | $3.85 |
Source: ASRV SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full ASRV insider & 13F page →AmeriServ Financial, Inc. company profile
Overview
AmeriServ Financial, Inc. (NASDAQ:ASRV) is a regional bank holding company founded in 1985 and headquartered in Johnstown, Pennsylvania. The company operates through its primary subsidiary, AmeriServ Financial Bank, serving customers across western and central Pennsylvania as well as parts of Maryland. With over three decades of operation, AmeriServ has established itself as a community-focused financial institution providing traditional banking services through 17 banking locations and 18 automated teller machines across five Pennsylvania counties and one Maryland county.
Business
AmeriServ Financial operates in the regional banking industry, which forms the backbone of community-based financial services in the United States. Regional banks like AmeriServ serve as intermediaries between depositors and borrowers, collecting deposits from individuals and businesses and lending those funds to creditworthy borrowers in their local markets. The company's core business revolves around three primary segments. Retail banking services constitute the foundation of operations, offering traditional consumer products including checking and savings accounts, money market accounts, time deposits, and various consumer loans. This segment also provides mortgage lending services, helping individuals and families purchase homes in their service areas. Commercial banking services represent another significant revenue stream, providing businesses with commercial real estate loans, short and medium-term financing, revolving credit facilities, inventory financing, and specialized services like wire transfers and lockbox services. The third segment involves trust and wealth management services, where AmeriServ manages personal investment portfolios, administers estates, oversees employee benefit plans including 401(k) plans, and provides custodial services. Additionally, the company operates a smaller insurance business, acting as a reinsurer for credit life and disability insurance products. AmeriServ also offers investment products through partnerships, selling mutual funds, annuities, and insurance products to customers seeking diversified financial solutions beyond traditional banking.
Revenue model
AmeriServ generates revenue through the traditional banking model of net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based business model means the company profits when it can lend money at higher rates than it pays to depositors. Fee-based income provides additional revenue streams through service charges on deposit accounts, loan origination fees, trust management fees, and commissions from investment product sales. The company's customers include individual consumers seeking personal banking services, small to medium-sized businesses requiring commercial lending and cash management solutions, and institutional clients needing trust and investment management services. Revenue composition typically shows net interest income representing the majority of total revenue, with non-interest income from fees and services providing supplementary earnings. Several factors significantly impact AmeriServ's profitability margins. Interest rate environments directly affect the company's core spread business - rising rates can improve margins if loan rates adjust faster than deposit costs, while falling rates may compress spreads. Credit quality represents another critical factor, as loan losses directly reduce profitability and require provisions that impact earnings. Local economic conditions in Pennsylvania and Maryland markets influence both loan demand and credit quality, while regulatory compliance costs continue to pressure margins across the regional banking sector. Competition from larger banks and fintech companies can force pricing pressures on both loan rates and deposit costs, potentially compressing the net interest margin that drives profitability.
Competitive moat
AmeriServ's competitive moat is relatively narrow, typical of smaller regional banks operating in a highly commoditized industry. The company's primary defensive characteristics stem from its local market relationships and community presence built over nearly four decades of operation. These relationships can provide some customer stickiness, particularly among small businesses and individuals who value personalized service and local decision-making that larger banks may not offer. However, this moat faces significant challenges. The banking industry is highly commoditized, with products and services largely standardized across competitors. AmeriServ competes against much larger regional and national banks that possess superior technology platforms, broader product offerings, and economies of scale that enable more competitive pricing. Digital transformation pressures represent a particular threat, as customers increasingly expect sophisticated online and mobile banking capabilities that require substantial technology investments challenging for smaller institutions. Regulatory burden disproportionately affects smaller banks like AmeriServ, as compliance costs represent a higher percentage of revenue compared to larger competitors. Additionally, the company's geographic concentration in Pennsylvania and Maryland markets creates vulnerability to regional economic downturns. Fintech disruption continues to erode traditional banking relationships, particularly among younger customers who may bypass traditional banks entirely for digital-first financial services. The company's small scale also limits its ability to diversify revenue streams or invest heavily in technology and talent needed to compete effectively in an evolving financial services landscape.
Risks & safety
AmeriServ's margin of safety appears limited based on current financial metrics and market positioning. • Liquidity and Solvency: Cash position of $17.7 million represents only 1.2% of total assets, indicating tight liquidity. Debt-to-equity ratio of 0.95 shows moderate leverage, while the company maintains positive but modest free cash flow of $976,000 annually. • Valuation Metrics: Trading at 12.5x earnings and 0.42x book value suggests the stock is not expensive, though the low price-to-book ratio may reflect market skepticism about asset quality or earnings sustainability. • Profitability Concerns: Return on equity of just 3.4% in 2024 indicates weak profitability, while the company reported a net loss in 2023 of $3.3 million, demonstrating earnings volatility. • Scale Disadvantages: With only $49 million market capitalization and $1.4 billion in assets, the company lacks scale economies needed to compete effectively against larger regional banks or invest adequately in technology infrastructure.
Recent development
Based on available financial data, AmeriServ has experienced significant earnings volatility over recent years, reflecting the challenges facing smaller regional banks. The company reported a substantial net loss of $3.3 million in 2023 before returning to profitability with $3.6 million in net income for 2024. This earnings recovery suggests management has addressed some operational challenges, though profitability remains modest relative to the company's asset base. Revenue has remained relatively stable, fluctuating between $52-57 million annually, indicating a mature business with limited growth prospects. The company's geographic footprint has remained consistent, maintaining its 17 banking locations across Pennsylvania and Maryland markets. Without access to recent earnings call transcripts, specific strategic initiatives or new product launches cannot be detailed, though the financial performance suggests AmeriServ continues operating as a traditional community bank focused on relationship-based banking services rather than pursuing aggressive expansion or digital transformation strategies. The modest free cash flow generation and stable asset base indicate the company is prioritizing financial stability over growth investments, which may be appropriate given the challenging operating environment for smaller regional banks but limits long-term competitive positioning.
ASRV company profile · for informational purposes only — not investment advice.
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