ASRV

MKT CAP:$66M

AmeriServ Financial, Inc.

Market Cap

$66M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$3.90+$0.62 (+18.90%)

Apr 22, 2026

Company Details

AmeriServ 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 de...

CEO

Michael Daniel Lynch

IPO Date

Jan 30, 1985

Website

www.ameriserv.com

Key Metrics TTM

Revenue

$89M

+5.0% YoY

Net Income

$5M

EPS (Diluted)

$0.33

Free Cash Flow

-$2M

Revenue / Share

$5.24

Gross Margin

62.7%

Operating Margin

7.5%

Net Margin

6.2%

FCF Margin

-2.7%

P/S

0.7x

P/E

12.0x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$21M+1.5%EPS $0.11

FY 2025

Mar 18, 2026

$88M+4.6%EPS $0.34

Q4 2025

Mar 18, 2026

$23M+4.7%EPS $0.09

Q3 2025

Nov 13, 2025

$23M+9.4%EPS $0.15

Q2 2025

Aug 11, 2025

$22M+4.3%EPS -$0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$16M	$15M	$2M
Q3 22	$17M	$14M	$3M
Q4 22	$18M	$14M	$1M
Q1 23	$20M	$14M	$2M
Q2 23	$19M	$13M	-$248.0K
Q3 23	$20M	$13M	$771.0K
Q4 23	$19M	$5M	-$7M
Q1 24	$21M	$14M	$2M
Q2 24	$21M	$13M	-$484.0K
Q3 24	$21M	$13M	$1M
Q4 24	$22M	$13M	$1M
Q1 25	$21M	$14M	$2M
Q2 25	$22M	$11M	-$352.0K
Q3 25	$23M	$15M	$3M
Q4 25	$23M	$15M	$2M
Q1 26	$21M	$15M	$2M

Valuation

Quarter	P/S	P/E
Q2 22	1.1x	8.8x
Q3 22	1.0x	7.8x
Q4 22	1.0x	8.9x
Q1 23	0.7x	8.0x
Q2 23	0.6x	9.8x
Q3 23	0.6x	15.1x
Q4 23	0.7x	—
Q1 24	0.5x	—
Q2 24	0.5x	—
Q3 24	0.5x	—
Q4 24	0.5x	12.0x
Q1 25	0.5x	11.1x
Q2 25	0.6x	13.6x
Q3 25	0.6x	9.7x
Q4 25	0.6x	9.4x
Q1 26	0.7x	10.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$2M	$1M
Q2 22	-$761.0K	-$1M
Q3 22	$806.0K	$218.0K
Q4 22	$3M	$3M
Q1 23	$2M	$1M
Q2 23	$704.0K	$457.0K
Q3 23	$3M	$2M
Q4 23	$1M	$739.0K
Q1 24	-$2M	-$3M
Q2 24	$2M	$1M
Q3 24	-$235.0K	-$1M
Q4 24	$3M	$4M
Q1 25	$599.0K	$599.0K
Q2 25	-$62.0K	-$203.0K
Q3 25	$1M	$898.0K
Q4 25	-$3M	-$4M

Capital Expenditures

Quarter	CapEx
Q1 22	$372.0K
Q2 22	$661.0K
Q3 22	$588.0K
Q4 22	$459.0K
Q1 23	$376.0K
Q2 23	$247.0K
Q3 23	$387.0K
Q4 23	$371.0K
Q1 24	$638.0K
Q2 24	$520.0K
Q3 24	$791.0K
Q4 24	$238.0K
Q1 25	$0
Q2 25	$141.0K
Q3 25	$506.0K
Q4 25	$477.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-3.5%	-6.5%
Q3 22	+7.8%	+2.7%
Q4 22	+10.4%	+20.9%
Q1 23	+30.7%	+47.4%
Q2 23	+19.6%	+44.0%
Q3 23	+15.7%	+31.4%
Q4 23	+5.9%	+53.6%
Q1 24	+5.4%	+3.2%
Q2 24	+11.4%	+12.5%
Q3 24	+6.2%	+3.0%
Q4 24	+14.9%	-19.9%
Q1 25	-0.1%	-0.1%
Q2 25	+4.3%	+3.6%
Q3 25	+9.4%	+1.6%
Q4 25	+4.7%	+2.0%
Q1 26	+1.5%	+2.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$13.0K	0.1%
Q2 22	$13.0K	0.1%
Q3 22	$12.0K	0.1%
Q4 22	$12.0K	0.1%
Q1 23	$12.0K	0.1%
Q2 23	$12.0K	0.1%
Q3 23	$11.0K	0.1%
Q4 23	$10.0K	0.1%
Q1 24	$8.0K	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$7M
Q3 22	$7M
Q4 22	$7M
Q1 23	$7M
Q2 23	$8M
Q3 23	$8M
Q4 23	$8M
Q1 24	$7M
Q2 24	$7M
Q3 24	$7M
Q4 24	$7M
Q1 25	$7M
Q2 25	$903.0K
Q3 25	$601.0K
Q4 25	$8M
Q1 26	$8M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$32M	$165M	$197M
Q2 22	$29M	$172M	$201M
Q3 22	$29M	$174M	$203M
Q4 22	$23M	$180M	$202M
Q1 23	$22M	$178M	$200M
Q2 23	$17M	$170M	$188M
Q3 23	$18M	$169M	$187M
Q4 23	$14M	$166M	$180M
Q1 24	$17M	$165M	$183M
Q2 24	$18M	$164M	$182M
Q3 24	$22M	$165M	$187M
Q4 24	$18M	$156M	$173M
Q1 25	$24M	$164M	$188M
Q2 25	$25M	$46M	$71M
Q3 25	$54M	$11M	$65M
Q4 25	$15M	$39M	$53M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	17M	+0.0%	+0.1%
Q3 22	17M	-0.0%	+0.2%
Q4 22	17M	+0.0%	+0.2%
Q1 23	17M	+0.0%	+0.1%
Q2 23	17M	-0.0%	-0.0%
Q3 23	17M	0.0%	+0.0%
Q4 23	17M	0.0%	-0.0%
Q1 24	17M	0.0%	-0.0%
Q2 24	17M	-0.7%	-0.7%
Q3 24	17M	-3.0%	-3.7%
Q4 24	17M	0.0%	-3.7%
Q1 25	17M	0.0%	-3.7%
Q2 25	17M	-0.0%	-3.0%
Q3 25	17M	0.0%	-0.0%
Q4 25	17M	+0.3%	+0.3%
Q1 26	17M	+2.2%	+2.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$49.1K	319
Q3 22	$53.4K	319
Q4 22	$53.8K	329
Q1 23	$61.0K	329
Q2 23	$57.0K	329
Q3 23	$59.9K	329
Q4 23	$58.0K	323
Q1 24	$65.5K	323
Q2 24	$64.7K	323
Q3 24	$64.7K	323
Q4 24	$68.7K	313
Q1 25	$67.5K	313
Q2 25	$69.6K	313
Q3 25	$73.1K	313
Q4 25	$72.4K	311
Q1 26	$69.0K	311

Revenue / Employee