Ameriserve Financial reports Q1 EPS 11c vs. 12c last year

Reports Q1 net interest margin 3.26%, a 25-basis point improvement from 1Q25. Q1 net income was $1.79M vs. $1.91M last year. Tangible book value was $6.31 at quarter end. CEO Jeffrey Stopko commented: “AmeriServ Financial achieved positive operating leverage in Q1 2026 as our total revenue increased at a faster rate than our total non-interest expense. The increase in total revenue was caused by meaningful improvement in our net interest income because of effective balance sheet management. Specifically, our net interest margin increased by 25-basis points from the first quarter of 2025 leading to an $897K increase in net interest income, which is important since this category represents approximately 73% of our total revenue. Our Company is well positioned for organic growth in 2026 as we have strong liquidity and solid capital. We will continue to diligently focus on both revenue growth and expense control to further improve the Company’s operating efficiency in 2026.”