Ameriserv Financial (ASRV) 3.10 $ASRV
AmeriServ Financial, Inc. 2016 Annual Shareholder Meeting: Live Webcast Today
PR Newswire - Tue Apr 26, 7:02AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, will hold a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders today.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
PR Newswire - Mon Apr 25, 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 May 23, 2016 to shareholders of record on May 9, 2016. This cash dividend represents a 1.3% annualized yield using the April 21, 2016 closing common stock price of $3.02.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Announces Annual Shareholder Meeting Webcast
PR Newswire - Tue Apr 19, 9:33AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Earnings For The First Quarter Of 2016
PR Newswire - Tue Apr 19, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a first quarter 2016 net loss available to common shareholders of $1,282,000, or ($0.07) per diluted common share, due primarily to an increased provision for loan losses. This net loss is consistent with the information previously disclosed in an 8K filed on March 31, 2016. In the first quarter of 2015, net income available to common shareholders totaled $1,316,000, or $0.07 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2016 and 2015:
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. to Webcast 2016 Annual Shareholder Meeting
PR Newswire - Tue Apr 12, 9:32AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
ASRV: 3.10 (-0.01)
AmeriServ Financial declares common stock cash dividend
M2 - Fri Jan 29, 8:47AM CST
Board of directors of AmeriServ Financial, Inc. (NASDAQ: ASRV) has declared a USD0.01 per share quarterly common stock cash dividend, the company said. The cash dividend is payable February 22, 2016 to shareholders of record on February 8, 2016. This cash dividend represents a 1.3 percent annualized yield using the January 22, 2016 closing common stock price of USD3.16 and represents an approximate payout ratio of 14 percent based upon the company's recently reported fourth quarter 2016 earnings per share of USD0.07. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The company's subsidiaries provide full-service banking and trust and wealth management services through seventeen community offices in southwestern Pennsylvania. At December 31, 2015, AmeriServ had total assets of USD1.15 billion, a book value of USD5.19 per common share and a tangible book value of USD4.56 per common share.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Completes Redemption Of SBLF Preferred Stock
PR Newswire - Thu Jan 28, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced today that it has redeemed all 21,000 outstanding preferred stock shares of the Company's Senior Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"
, that it had issued to the U.S. Department of Treasury ("Treasury" pursuant to the Treasury's Small Business Lending Fund ("SBLF". The shares were redeemed at $1,000 per share, plus accrued but unpaid dividends, for a total aggregated redemption price of approximately $21 million. The redemption of the Series E Preferred Stock terminates the Company's participation in the SBLF program in full and had been approved by the Company's primary federal regulator. The redemption was funded from the previously disclosed issuance of $7.6 million of subordinated debt and $13.4 million of internal Company resources. Following the redemption, the Company continues to have capital in excess of minimum regulatory requirements and at levels that qualify as "well capitalized" under applicable regulatory guidelines.
ASRV: 3.10 (-0.01)
AmeriServ Financial announces dividend of USD0.01 per share for quarter
M2 - Tue Jan 26, 3:40AM CST
The board of directors of AmeriServ Financial Inc (NASDAQ:ASRV) approved a common stock cash dividend of USD0.01 per share for the quarter, the company disclosed on Monday.
ASRV: 3.10 (-0.01)
AmeriServ Financial reports Q4 2015 net income of USD1.3m
M2 - Fri Jan 22, 5:34AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) has reported fourth quarter 2015 net income available to common shareholders of USD1,321,000, or USD0.07 per diluted common share, representing a significant increase when compared to net income available to common shareholders of USD697,000, or USD0.04 per diluted common share, reported for the fourth quarter of 2014, the company said. For the year ended December 31, 2015, the company reported net income available to common shareholders of USD5,787,000, or USD0.31 per diluted share. This represented a 107 percent increase in earnings per share from the full year 2014 where net income available to common shareholders totaled USD2,813,000, or USD0.15 per diluted common share. The company's net interest income in the fourth quarter of 2015 decreased by USD140,000 from the prior year's fourth quarter but increased by USD1,317,000, or 3.9 percent, for the full year of 2015 when compared to the full year 2014. Total interest expense has been well controlled in 2015 as it increased by USD78,000 in the fourth quarter and USD123,000, or 1.9 percent, for the full year of 2015. Total deposit interest expense decreased by USD137,000, or 2.8 percent, in 2015 when compared to last year. The company recorded a USD500,000 provision for loan losses in the fourth quarter of 2015 compared to a USD375,000 provision in the fourth quarter of 2014.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Fourth Quarter And Full Year Of 2015
PR Newswire - Tue Jan 19, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2015 net income available to common shareholders of $1,321,000, or $0.07 per diluted common share. This represented a significant increase when compared to net income available to common shareholders of $697,000, or $0.04 per diluted common share, reported for the fourth quarter of 2014. For the year ended December 31, 2015, the Company reported net income available to common shareholders of $5,787,000, or $0.31 per diluted share. This represented a 107% increase in earnings per share from the full year 2014 where net income available to common shareholders totaled $2,813,000, or $0.15 per diluted common share. The following table highlights the Company's financial performance for both quarters and years ended December 31, 2015 and 2014:
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of Subordinated Debt
PR Newswire - Mon Jan 04, 7:30AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that it successfully completed a private placement of $7.65 million in aggregate principal amount of fixed rate subordinated notes to certain accredited investors. The subordinated notes mature December 31, 2025 and will have a 6.50% fixed interest rate for the entire term. This subordinated debt has been structured to qualify as Tier 2 capital under the Federal Reserve's capital guidelines and will be non-callable for 5 years. The Company expects to use the proceeds from this private placement and other cash on hand to redeem all $21 million of its issued and outstanding SBLF preferred stock prior to the upcoming dividend rate increase from 1% to 9% in February 2016.
ASRV: 3.10 (-0.01)
AmeriServ Financial reports higher net earnings for Q3 2015 and dividend of USD 0.01 per share
M2 - Wed Oct 21, 4:33AM CDT
AmeriServ Financial Inc (NASDAQ:ASRV) on Tuesday reported for the third quarter of 2015 a net income available to common shareholders of USD1.8m or USD0.09 per diluted common share, greatly increased from the net income available to common shareholders of USD312,000 or USD0.02 per diluted common share in the same 2014 quarter.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Third Quarter And First Nine Months Of 2015 And Declares Quarterly Common Stock Dividend
PR Newswire - Tue Oct 20, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) continued its positive earnings momentum in the third quarter of 2015 by reporting net income available to common shareholders of $1,781,000, or $0.09 per diluted common share. This represented a significant increase in earnings per share from the third quarter of 2014 where net income available to common shareholders totaled $312,000, or $0.02 per diluted common share. The third quarter 2014 performance was negatively impacted by a $669,000 goodwill impairment charge. For the nine month period ended September 30, 2015, the Company reported net income available to common shareholders of $4,466,000, or $0.24 per diluted share. This represented a 118% increase in earnings per share from the first nine months of 2014 where net income available to common shareholders totaled $2,116,000, or $0.11 per diluted common share. The following table highlights the Company's financial performance for both the three and nine month periods ended September 30, 2015 and 2014:
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Second Quarter And First Six Months Of 2015
PR Newswire - Tue Jul 14, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) continued its positive earnings momentum in the second quarter of 2015 by reporting net income available to common shareholders of $1,369,000, or $0.07 per diluted common share. This represented a 40% increase in earnings per share from the second quarter of 2014 where net income available to common shareholders totaled $927,000, or $0.05 per diluted common share. For the six month period ended June 30, 2015, the Company reported net income available to common shareholders of $2,685,000, or $0.14 per diluted share. This also represented a 40% increase in earnings per share from the first half of 2014 where net income available to common shareholders totaled $1,804,000, or $0.10 per diluted common share. The following table highlights the Company's financial performance for both the three and six month periods ended June 30, 2015 and 2014:
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. 2016 Annual Shareholder Meeting: Live Webcast Today
PR Newswire - Tue Apr 26, 7:02AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, will hold a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders today.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
PR Newswire - Mon Apr 25, 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 May 23, 2016 to shareholders of record on May 9, 2016. This cash dividend represents a 1.3% annualized yield using the April 21, 2016 closing common stock price of $3.02.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Announces Annual Shareholder Meeting Webcast
PR Newswire - Tue Apr 19, 9:33AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Earnings For The First Quarter Of 2016
PR Newswire - Tue Apr 19, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a first quarter 2016 net loss available to common shareholders of $1,282,000, or ($0.07) per diluted common share, due primarily to an increased provision for loan losses. This net loss is consistent with the information previously disclosed in an 8K filed on March 31, 2016. In the first quarter of 2015, net income available to common shareholders totaled $1,316,000, or $0.07 per diluted common share. The following table highlights the Company's financial performance for the quarters ended March 31, 2016 and 2015:
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. to Webcast 2016 Annual Shareholder Meeting
PR Newswire - Tue Apr 12, 9:32AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV), the holding company of AmeriServ Financial Bank, with branch locations in five southwestern and southcentral Pennsylvania counties and loan production offices in Altoona and Monroeville, Pa; Hagerstown, Maryland; and Harrisonburg, Virginia, announced today there will be a live webcast of AmeriServ's 2016 Annual Meeting of Shareholders.
ASRV: 3.10 (-0.01)
AmeriServ Financial declares common stock cash dividend
M2 - Fri Jan 29, 8:47AM CST
Board of directors of AmeriServ Financial, Inc. (NASDAQ: ASRV) has declared a USD0.01 per share quarterly common stock cash dividend, the company said. The cash dividend is payable February 22, 2016 to shareholders of record on February 8, 2016. This cash dividend represents a 1.3 percent annualized yield using the January 22, 2016 closing common stock price of USD3.16 and represents an approximate payout ratio of 14 percent based upon the company's recently reported fourth quarter 2016 earnings per share of USD0.07. AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The company's subsidiaries provide full-service banking and trust and wealth management services through seventeen community offices in southwestern Pennsylvania. At December 31, 2015, AmeriServ had total assets of USD1.15 billion, a book value of USD5.19 per common share and a tangible book value of USD4.56 per common share.
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Completes Redemption Of SBLF Preferred Stock
PR Newswire - Thu Jan 28, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced today that it has redeemed all 21,000 outstanding preferred stock shares of the Company's Senior Non-Cumulative Perpetual Preferred Stock, Series E ("Series E Preferred Stock"
, that it had issued to the U.S. Department of Treasury ("Treasury" pursuant to the Treasury's Small Business Lending Fund ("SBLF". The shares were redeemed at $1,000 per share, plus accrued but unpaid dividends, for a total aggregated redemption price of approximately $21 million. The redemption of the Series E Preferred Stock terminates the Company's participation in the SBLF program in full and had been approved by the Company's primary federal regulator. The redemption was funded from the previously disclosed issuance of $7.6 million of subordinated debt and $13.4 million of internal Company resources. Following the redemption, the Company continues to have capital in excess of minimum regulatory requirements and at levels that qualify as "well capitalized" under applicable regulatory guidelines. ASRV: 3.10 (-0.01)
AmeriServ Financial announces dividend of USD0.01 per share for quarter
M2 - Tue Jan 26, 3:40AM CST
The board of directors of AmeriServ Financial Inc (NASDAQ:ASRV) approved a common stock cash dividend of USD0.01 per share for the quarter, the company disclosed on Monday.
ASRV: 3.10 (-0.01)
AmeriServ Financial reports Q4 2015 net income of USD1.3m
M2 - Fri Jan 22, 5:34AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) has reported fourth quarter 2015 net income available to common shareholders of USD1,321,000, or USD0.07 per diluted common share, representing a significant increase when compared to net income available to common shareholders of USD697,000, or USD0.04 per diluted common share, reported for the fourth quarter of 2014, the company said. For the year ended December 31, 2015, the company reported net income available to common shareholders of USD5,787,000, or USD0.31 per diluted share. This represented a 107 percent increase in earnings per share from the full year 2014 where net income available to common shareholders totaled USD2,813,000, or USD0.15 per diluted common share. The company's net interest income in the fourth quarter of 2015 decreased by USD140,000 from the prior year's fourth quarter but increased by USD1,317,000, or 3.9 percent, for the full year of 2015 when compared to the full year 2014. Total interest expense has been well controlled in 2015 as it increased by USD78,000 in the fourth quarter and USD123,000, or 1.9 percent, for the full year of 2015. Total deposit interest expense decreased by USD137,000, or 2.8 percent, in 2015 when compared to last year. The company recorded a USD500,000 provision for loan losses in the fourth quarter of 2015 compared to a USD375,000 provision in the fourth quarter of 2014.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Fourth Quarter And Full Year Of 2015
PR Newswire - Tue Jan 19, 7:00AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2015 net income available to common shareholders of $1,321,000, or $0.07 per diluted common share. This represented a significant increase when compared to net income available to common shareholders of $697,000, or $0.04 per diluted common share, reported for the fourth quarter of 2014. For the year ended December 31, 2015, the Company reported net income available to common shareholders of $5,787,000, or $0.31 per diluted share. This represented a 107% increase in earnings per share from the full year 2014 where net income available to common shareholders totaled $2,813,000, or $0.15 per diluted common share. The following table highlights the Company's financial performance for both quarters and years ended December 31, 2015 and 2014:
ASRV: 3.10 (-0.01)
AmeriServ Financial, Inc. Completes Private Placement Of $7.65 Million Of Subordinated Debt
PR Newswire - Mon Jan 04, 7:30AM CST
AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that it successfully completed a private placement of $7.65 million in aggregate principal amount of fixed rate subordinated notes to certain accredited investors. The subordinated notes mature December 31, 2025 and will have a 6.50% fixed interest rate for the entire term. This subordinated debt has been structured to qualify as Tier 2 capital under the Federal Reserve's capital guidelines and will be non-callable for 5 years. The Company expects to use the proceeds from this private placement and other cash on hand to redeem all $21 million of its issued and outstanding SBLF preferred stock prior to the upcoming dividend rate increase from 1% to 9% in February 2016.
ASRV: 3.10 (-0.01)
AmeriServ Financial reports higher net earnings for Q3 2015 and dividend of USD 0.01 per share
M2 - Wed Oct 21, 4:33AM CDT
AmeriServ Financial Inc (NASDAQ:ASRV) on Tuesday reported for the third quarter of 2015 a net income available to common shareholders of USD1.8m or USD0.09 per diluted common share, greatly increased from the net income available to common shareholders of USD312,000 or USD0.02 per diluted common share in the same 2014 quarter.
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Third Quarter And First Nine Months Of 2015 And Declares Quarterly Common Stock Dividend
PR Newswire - Tue Oct 20, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) continued its positive earnings momentum in the third quarter of 2015 by reporting net income available to common shareholders of $1,781,000, or $0.09 per diluted common share. This represented a significant increase in earnings per share from the third quarter of 2014 where net income available to common shareholders totaled $312,000, or $0.02 per diluted common share. The third quarter 2014 performance was negatively impacted by a $669,000 goodwill impairment charge. For the nine month period ended September 30, 2015, the Company reported net income available to common shareholders of $4,466,000, or $0.24 per diluted share. This represented a 118% increase in earnings per share from the first nine months of 2014 where net income available to common shareholders totaled $2,116,000, or $0.11 per diluted common share. The following table highlights the Company's financial performance for both the three and nine month periods ended September 30, 2015 and 2014:
ASRV: 3.10 (-0.01)
AmeriServ Financial Reports Increased Earnings For The Second Quarter And First Six Months Of 2015
PR Newswire - Tue Jul 14, 7:00AM CDT
AmeriServ Financial, Inc. (NASDAQ: ASRV) continued its positive earnings momentum in the second quarter of 2015 by reporting net income available to common shareholders of $1,369,000, or $0.07 per diluted common share. This represented a 40% increase in earnings per share from the second quarter of 2014 where net income available to common shareholders totaled $927,000, or $0.05 per diluted common share. For the six month period ended June 30, 2015, the Company reported net income available to common shareholders of $2,685,000, or $0.14 per diluted share. This also represented a 40% increase in earnings per share from the first half of 2014 where net income available to common shareholders totaled $1,804,000, or $0.10 per diluted common share. The following table highlights the Company's financial performance for both the three and six month periods ended June 30, 2015 and 2014:
ASRV: 3.10 (-0.01)
