Quarterly ResultJul 21, 2026, 10:21 AM
AMERISERV FINANCIAL Reports Record Q2 Earnings; Net Income $2.7M
AI Summary
AMERISERV FINANCIAL, Inc. reported record quarterly earnings for the second quarter of 2026, with net income of $2,738,000 and diluted EPS of $0.16, a significant improvement from a net loss in the prior year. For the first six months of 2026, net income surged by 179% to $4,532,000, driven by a 9.0% increase in net interest income and a 24-basis point improvement in net interest margin. The company's Board of Directors also declared a quarterly cash dividend of $0.03 per share.
Key Highlights
- Q2 2026 net income was $2,738,000, up from a net loss of $282,000 in Q2 2025.
- Q2 2026 diluted EPS was $0.16, compared to a diluted loss of $0.02 in Q2 2025.
- H1 2026 net income increased 179% to $4,532,000 from $1,626,000 in H1 2025.
- H1 2026 diluted EPS was $0.27, up from $0.10 in H1 2025.
- Net interest income increased by $1.8 million, or 9.0%, for the first six months of 2026.
- Net interest margin improved by 24-basis points to 3.34% for Q2 2026 and 3.30% for H1 2026.
- The company recorded a $294,000 provision for credit losses recovery in Q2 2026.
- Board declared a $0.03 per share quarterly common stock cash dividend.
Price Impact
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