Ameriserv Financial Inc (ASRV) 3.04 $ASRV
AmeriServ Financial declares $0.01 dividend
Seeking Alpha - at Seeking Alpha - Tue Jan 20, 9:06AM CST
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings for the Fourth Quarter and Full Year of 2014 and Declares Quarterly Common Stock Dividend
PR Newswire - Tue Jan 20, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2014 net income available to common shareholders of $697,000, or $0.04 per diluted common share. This compares to net income available to common shareholders of $1,789,000, or $0.09 per diluted common share, reported for the fourth quarter of 2013. For the year ended December 31, 2014, the Company reported net income available to common shareholders of $2,813,000, or $0.15 per diluted share. This represented a 42.3% decline in earnings per share from the full year 2013 where net income available to common shareholders totaled $4,984,000 or $0.26 per diluted common share. The following table highlights the Company's financial performance for both quarters and years ended December 31, 2014 and 2013:
ASRV: 3.04 (+0.06)
AmeriServ Financial announces dividend of USD0.01 per share for quarter
M2 - Mon Oct 20, 4:27AM CDT
The board of directors of AmeriServ Financial Inc (NASDAQ:ASRV), a holding company of subsidiaries that provide full-service banking and trust and wealth management services, approved a common stock cash dividend of USD0.01 per share, the company revealed on Friday.
ASRV: 3.04 (+0.06)
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
PR Newswire - Fri Oct 17, 7:30AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.01 per share quarterly common stock cash dividend. The cash dividend is payable November 17, 2014 to shareholders of record on November 3, 2014. This cash dividend represents a 1.3% annualized yield using the October 16, 2014 closing common stock price of $3.05. For the first nine months of 2014, the Company's dividend payout ratio has approximated 27%.
ASRV: 3.04 (+0.06)
More on AmeriServ Financial Q3 results
Seeking Alpha - at Seeking Alpha - Wed Oct 15, 7:17AM CDT
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings For The Third Quarter And First Nine Months Of 2014
PR Newswire - Tue Oct 14, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2014 net income available to common shareholders of $312,000, or $0.02 per diluted common share. This compares to net income available to common shareholders of $1,173,000, or $0.06 per diluted common share, reported for the third quarter of 2013. As previously disclosed on September 25, 2014, the Company's third quarter 2014 performance was negatively impacted by a $669,000 goodwill impairment charge related to its registered investment advisory subsidiary and approximately $150,000 of non-recurring expenses related to a profitability improvement project. For the nine month period ended September 30, 2014, the Company reported net income available to common shareholders of $2,116,000, or $0.11 per diluted share. This represented a 35.3% decline in earnings per share from the same nine month period in 2013 where net income available to common shareholders totaled $3,195,000 or $0.17 per diluted common share. The following table highlights the Company's financial performance for both the three and nine month periods ended September 30, 2014 and 2013:
ASRV: 3.04 (+0.06)
AmeriServ Financial, Inc. Announces Expected Third Quarter Goodwill Impairment Charge And Profitability Improvement Initiatives
PR Newswire - Thu Sep 25, 7:30AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that it expects to record a third quarter non-cash goodwill impairment charge of approximately $675,000 related to West Chester Capital Advisors (WCCA), its registered investment advisor subsidiary. As previously disclosed in our filings with the Securities and Exchange Commission, the voluntary departure of WCCA's former CEO and the related litigation against him for violations of his employment agreement, caused disruption within the WCCA customer base during 2014. This disruption ultimately led to the loss of certain clients and a reduction in the projected earnings capacity of WCCA which caused the goodwill impairment charge. The Company remains strategically committed to its asset management subsidiary. WCCA is well integrated into our wealth management businesses and is expected to improve its earnings power with new business development in future periods.
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings For The Second Quarter And First Six Months Of 2014
PR Newswire - Tue Jul 15, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2014 net income available to common shareholders of $927,000, or $0.05 per diluted common share. This compares to net income available to common shareholders of $1,018,000, or $0.05 per diluted common share, reported for the second quarter of 2013. For the six month period ended June 30, 2014, the Company reported net income available to common shareholders of $1,804,000, or $0.10 per diluted share. When compared to the first six months of 2013, net income available to common shareholders was down by $218,000 or 10.8% while diluted earnings per share declined by a lesser amount of $0.01, or 9.1%, as total shares outstanding were lower in 2014 due to the success of the Company's common stock repurchase program which was completed in the second quarter of 2013. The following table highlights the Company's financial performance for both the three and six month periods ended June 30, 2014 and 2013:
ASRV: 3.04 (+0.06)
AmeriServ Financial declares $0.01 dividend
Seeking Alpha - at Seeking Alpha - Tue Jan 20, 9:06AM CST
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings for the Fourth Quarter and Full Year of 2014 and Declares Quarterly Common Stock Dividend
PR Newswire - Tue Jan 20, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2014 net income available to common shareholders of $697,000, or $0.04 per diluted common share. This compares to net income available to common shareholders of $1,789,000, or $0.09 per diluted common share, reported for the fourth quarter of 2013. For the year ended December 31, 2014, the Company reported net income available to common shareholders of $2,813,000, or $0.15 per diluted share. This represented a 42.3% decline in earnings per share from the full year 2013 where net income available to common shareholders totaled $4,984,000 or $0.26 per diluted common share. The following table highlights the Company's financial performance for both quarters and years ended December 31, 2014 and 2013:
ASRV: 3.04 (+0.06)
AmeriServ Financial announces dividend of USD0.01 per share for quarter
M2 - Mon Oct 20, 4:27AM CDT
The board of directors of AmeriServ Financial Inc (NASDAQ:ASRV), a holding company of subsidiaries that provide full-service banking and trust and wealth management services, approved a common stock cash dividend of USD0.01 per share, the company revealed on Friday.
ASRV: 3.04 (+0.06)
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
PR Newswire - Fri Oct 17, 7:30AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.01 per share quarterly common stock cash dividend. The cash dividend is payable November 17, 2014 to shareholders of record on November 3, 2014. This cash dividend represents a 1.3% annualized yield using the October 16, 2014 closing common stock price of $3.05. For the first nine months of 2014, the Company's dividend payout ratio has approximated 27%.
ASRV: 3.04 (+0.06)
More on AmeriServ Financial Q3 results
Seeking Alpha - at Seeking Alpha - Wed Oct 15, 7:17AM CDT
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings For The Third Quarter And First Nine Months Of 2014
PR Newswire - Tue Oct 14, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2014 net income available to common shareholders of $312,000, or $0.02 per diluted common share. This compares to net income available to common shareholders of $1,173,000, or $0.06 per diluted common share, reported for the third quarter of 2013. As previously disclosed on September 25, 2014, the Company's third quarter 2014 performance was negatively impacted by a $669,000 goodwill impairment charge related to its registered investment advisory subsidiary and approximately $150,000 of non-recurring expenses related to a profitability improvement project. For the nine month period ended September 30, 2014, the Company reported net income available to common shareholders of $2,116,000, or $0.11 per diluted share. This represented a 35.3% decline in earnings per share from the same nine month period in 2013 where net income available to common shareholders totaled $3,195,000 or $0.17 per diluted common share. The following table highlights the Company's financial performance for both the three and nine month periods ended September 30, 2014 and 2013:
ASRV: 3.04 (+0.06)
AmeriServ Financial, Inc. Announces Expected Third Quarter Goodwill Impairment Charge And Profitability Improvement Initiatives
PR Newswire - Thu Sep 25, 7:30AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that it expects to record a third quarter non-cash goodwill impairment charge of approximately $675,000 related to West Chester Capital Advisors (WCCA), its registered investment advisor subsidiary. As previously disclosed in our filings with the Securities and Exchange Commission, the voluntary departure of WCCA's former CEO and the related litigation against him for violations of his employment agreement, caused disruption within the WCCA customer base during 2014. This disruption ultimately led to the loss of certain clients and a reduction in the projected earnings capacity of WCCA which caused the goodwill impairment charge. The Company remains strategically committed to its asset management subsidiary. WCCA is well integrated into our wealth management businesses and is expected to improve its earnings power with new business development in future periods.
ASRV: 3.04 (+0.06)
AmeriServ Financial Reports Earnings For The Second Quarter And First Six Months Of 2014
PR Newswire - Tue Jul 15, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2014 net income available to common shareholders of $927,000, or $0.05 per diluted common share. This compares to net income available to common shareholders of $1,018,000, or $0.05 per diluted common share, reported for the second quarter of 2013. For the six month period ended June 30, 2014, the Company reported net income available to common shareholders of $1,804,000, or $0.10 per diluted share. When compared to the first six months of 2013, net income available to common shareholders was down by $218,000 or 10.8% while diluted earnings per share declined by a lesser amount of $0.01, or 9.1%, as total shares outstanding were lower in 2014 due to the success of the Company's common stock repurchase program which was completed in the second quarter of 2013. The following table highlights the Company's financial performance for both the three and six month periods ended June 30, 2014 and 2013:
ASRV: 3.04 (+0.06)
