AI-extracted from the 10-Q filed 2026-08-14 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
AmeriServ reported Q2 2026 net income of $2.7M ($0.16/share) versus Q2 2025 loss of $0.3M, driven by 24-basis point NIM expansion to 3.34% and favorable credit trends.
Biggest Revenue Drivers
Net Interest Income$11.3M+9.1% YoY
Margin expanded 24 bps to 3.34% from improved deposit and borrowing costs following Federal Reserve rate cuts in late 2025; higher average investment securities balances contributed additional yield.
Biggest Revenue Drivers
Total revenue: $3.9M+11.5% QoQ (non-interest income only; to
Net Interest Income$11.3M+9.1% YoY
Margin expanded 24 bps to 3.34% from improved deposit and borrowing costs following Federal Reserve rate cuts in late 2025; higher average investment securities balances contributed additional yield.
Largest Expense Items
Salaries and Employee Benefits$7.4M+4.7% YoY
Increase primarily due to annual salary increases across the organization.
Professional Fees$1.4M+57.6% YoY
Higher expenses related to expanded consulting services provided by SB Value Partners.
Data Processing and IT Expense$1.2M+6.7% YoY
Modest increase in information technology infrastructure and processing costs.
Margins: Net interest margin improved 24 basis points to 3.34% in Q2 2026 from 3.10% in Q2 2025. The filing notes the improvement was driven by effective balance sheet management, Federal Reserve rate cuts in late 2025 favorably impacting deposit and borrowing costs, and a steeper U.S. Treasury yield curve benefiting earning asset yields. Management expects further NIM improvement in the second half of 2026.
Watch Items from the Filing
Non-owner occupied commercial real estate loans represent 50.0% of total loans; non-owner occupied CRE concentration ratio of 335% of regulatory capital, up from 352% at year-end 2025. This concentration exposes the Company to potential stress from retail, multifamily, and office property downturns.
25 largest depositors represent 29.5% of total deposits at June 30, 2026 (increased from 28.5% at year-end 2025), indicating rising deposit concentration risk.
Non-performing loans decreased to $7.7M (0.76% of total loans) from $8.3M at year-end 2025, with allowance coverage at 167% of NPLs and 1.27% of total loans, reflecting improved asset quality and continuing favorable credit trends.
Loan portfolio decreased $17.2M in H1 2026 due to payoff activity exceeding originations; loan-to-deposit ratio averaged 80.5%, indicating ample lending capacity but also subdued loan growth demand.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Onorato Daniel A.DirectorGrant or award · Aug 17, 2026
Hickton David J.DirectorGrant or award · Aug 17, 2026
Bloomingdale Richard W.DirectorGrant or award · Aug 17, 2026
Kunkle Kim WDirectorGrant or award · Aug 17, 2026
Pasquerilla Mark EDirectorGrant or award · Jun 2, 2026
Bradley AmyDirectorGrant or award · Jun 2, 2026
Adams J Michael JrDirectorGrant or award · Jun 2, 2026
Lynch Michael DEVP & CFOOption exercise · Jan 23, 2026
About AMERISERV FINANCIAL INC /PA/ (ASRV): stock profile, AI score and financials
AMERISERV FINANCIAL INC /PA/ (ASRV) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ASRV at 50.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,633 of 2,925 stocks — the bottom half of the AI-ranked universe. ASRV scores in the top quartile across profitability (77.6). Areas of concern include revenue scale (11.0) and earnings quality (15.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), AMERISERV FINANCIAL INC /PA/ reports quarterly revenue of $15.9M, net income of $2.7M, an operating margin of 21.4%. Top institutional holders of ASRV by reported 13-F value include GENDELL JEFFREY L, DIMENSIONAL FUND ADVISORS, WEST CHESTER CAPITAL ADVISORS, based on the most recent SEC filings. ASRV trades on the Nasdaq exchange and files with the SEC under CIK 707605. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ASRV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMERISERV FINANCIAL INC /PA/ directly from SEC EDGAR.