AMERISERV FINANCIAL INC /PA/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AMERISERV FINANCIAL INC /PA/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue			12.8	12.8	12.8	15	14.7	14.5	15.6	14.6
Interest expense	7.74	8.8	11.6	14.3	10.5	7.59	8.5	24.8	30.5	29.1
Pre-tax income	3.21	8.68	9.45	7.6	5.81	8.77	9.2	-4.39	4.4	6.8
Income tax	0.9	5.39	1.68	1.57	1.21	1.7	1.75	-1.04	0.8	1.18
Net income	2.31	3.29	7.77	6.03	4.6	7.07	7.45	-3.35	3.6	5.61
EPS, basic	0.12	0.18	0.43	0.35	0.27	0.41	0.44	-0.20	0.21	0.34
EPS, diluted	0.12	0.18	0.43	0.35	0.27	0.41	0.43	-0.20	0.21	0.34
Shares, basic (weighted)	18.9	18.5	17.9	17.4	17.1	17.1	17.1	17.1	16.8	16.5
Shares, diluted (weighted)	19	18.6	18	17.4	17.1	17.1	17.1	17.1	16.8	16.5
Dividend per share	0.05	0.06	0.08	0.10	0.10	0.10	0.12	0.12	0.12	0.12

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	34.1	34.2	34.9	22.2	31.5	41.1	23	14	17.7	50.9
Property, plant and equipment	11.7	12.7	13.3	14.6	14.3	14.1	14.5	14.1	14.2	13.9
Lease right-of-use assets			0	0.85	0.76	0.67	0.63	0.65	1.55	1.4
Goodwill	11.9	11.9	11.9	11.9	11.9	13.6	13.6	13.6	13.6	13.6
Intangible assets							0.13	0.1	0.08	0.06
Total assets	1,154	1,168	1,161	1,171	1,283	1,336	1,364	1,390	1,422	1,454
Short-term debt		49.1	41	22.4	24.7	0	88.6	41	14.6
Total liabilities	1,058	1,073	1,063	1,073	1,178	1,219	1,258	1,287	1,315	1,335
Total debt	78.6	116	108
Paid-in capital	146	146	146	146	146	146	146	146	146	147
Retained earnings	36	40.3	46.7	51.8	54.6	60	65.5	58.9	60.5	64.1
Treasury stock	-74.8	-78.2	-80.6	-83.1	-83.3	-83.3	-83.3	-83.3	-84.8	-84.8
Other comprehensive income	-11.6	-13	-14.2	-16.2	-13.2	-6.51	-22.5	-20	-15.1	-7.35
Shareholders' equity	95.4	95.1	98	98.6	104	117	106	102	107	119
Total equity	95.4	95.1	98	98.6	104	117	106	102	107	119
Total liabilities and equity	1,154	1,168	1,161	1,171	1,283	1,336	1,364	1,390	1,422	1,454
Shares outstanding	18.9	18.1	17.6	17.1	17.1	17.1	17.1	17.1	16.5	16.5

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	2.31	3.29	7.77	6.03	4.6	7.07	7.45	-3.35	3.6	5.61
Depreciation and amortization	1.8	1.7	1.5	1.5	1.6	1.7	1.7	1.7	1.7	1.7
Stock-based compensation	0.02	0.01	0.01	0.01	0	0.04	0.05	0.05	0.01
Deferred income tax	0.41	1.68	2.67	0.18	1.61	0.73	0.53	-0.57	-0.03	0.99
Cash from operations	6.59	7.52	7.98	4.89	-1.37	9.94	5.21	6.29	2.69	3.19
Purchases of investments	-42.8	-32.9	-45.4	-18.1	-36.5	-61.6	-58.2	-21.3	-16.4	-54.6
Sales and maturities of investments		22.3	16.3	23.6	36.2	38.8	19.6	18	26.1	40.3
Cash from investing	-25.2	-20.2	2.69	-13	-95.3	-0.49	-56.3	-40	-23.1	11.1
Stock issued	0.07	0.16	0.06	0.1	0.08	0.06	0.11	0.09		0.01
Share buybacks	0	-3.4	-2.35	-2.55	-0.15				-1.51
Dividends paid	-0.95	-1.11	-1.35	-1.64	-1.72	-1.71	-1.97	-2.06	-2.02	-1.98
Cash from financing	4.15	12.8	-9.97	-4.59	106	0.15	32.9	24.8	24.1	18.9
Net change in cash	-14.4	0.12	0.71	-12.7	9.34	9.6	-18.1	-8.94	3.72	33.1
Interest paid	7.75	8.68	11.3	13.8	11	8.05	8.45	21.8	30.8	28.5
Income taxes paid	0.38	1.08	0.88	0.79	0.32	0.2	1.1	0.63		0.33

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.68 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	69.0%	Pre-tax income / revenue.
Net margin	56.6%	Net income / revenue.
Operating cash flow margin	12.6%	Cash from operations / revenue.
Effective tax rate	17.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.6%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-6.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	55.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-9.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	4.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	61.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-7.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	4.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	18.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-15.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	3.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	91.6%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$109.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.01x	Revenue / average total assets.
Fixed asset turnover	1.08x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.51	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.89	Revenue / diluted weighted shares.
Operating cash flow per share	$0.11	Cash from operations / diluted weighted shares.
Book value per share	$7.26	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$6.45	Tangible book value / shares outstanding.
Cash per share	$1.65	(Cash + short-term investments) / shares outstanding.
Payout ratio	23.6%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$79.5M	Share price x shares outstanding.
Enterprise value	$51.4M	Market cap + total debt - cash - short-term investments.
P/E	9.33x	Market cap / net income. Only when net income is positive.
P/S	5.28x	Market cap / revenue.
P/B	0.65x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.73x	Market cap / tangible book value, when positive.
P/OCF	42.0x	Market cap / cash from operations, when positive.
EV/Sales	3.42x	Enterprise value / revenue.
Earnings yield	10.7%	Net income / market cap (the inverse of P/E).
Dividend yield	2.5%	Dividends paid over the period / market cap.
Shareholder yield	2.5%	(Dividends paid + share buybacks) / market cap.

What was AMERISERV FINANCIAL INC /PA/'s revenue in fiscal 2025?

AMERISERV FINANCIAL INC /PA/ reported revenue of $14.6M for fiscal 2025, 6.3% lower than the year before.

Was AMERISERV FINANCIAL INC /PA/ profitable in fiscal 2025?

Yes. Net income was $5.6M, a net margin of 38.3%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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