Ameriserve Financial reports Q2 EPS (2c) vs. (2c) last year

Reports Q2 net interest margin of 3.10% which represents a 36-basis point improvement for the quarter. Tangible ook value was $5.88 from $5.89 last year. CEO Jeffrey Stopko commented on Q2: “The resolution of our largest problem loan in Q2 of 2025 resulted in an increased provision for credit losses which caused the modest loss reported for the quarter. AmeriServ Financial has achieved positive operating leverage in both quarters of 2025 as our total revenue increased while our non-interest expenses declined. The increase in total revenue was caused by meaningful improvement in our net interest margin which increased by 34 basis points for the first six months of 2025 leading to a $2.7M increase in net interest income. We believe that our balance sheet is well positioned for further quarterly net interest income growth and net interest margin improvement, which is important since this category represents approximately 70% of our total revenue. Additionally, our non-interest expense has favorably declined in both quarters of 2025. We will continue to diligently focus on both expense control and revenue growth to further improve the company’s operating efficiency.”