AmeriServ Financial, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, reporting third-quarter net income of $3.1 million and nine-month net income of $7.632 million.

Key Highlights

  • Q3 net income: $3.100 million for the three months ended September 30, 2026, compared to $2.544 million in the same period of 2025, according to the filing.
  • Nine-month net income: $7.632 million for the nine months ended September 30, 2026, up from $4.170 million for the same period in 2025.
  • Net interest income: $11.445 million for Q3 2026, compared to $11.007 million in Q3 2025; $33.609 million for the nine-month period versus $31.332 million a year earlier.
  • Total assets: $1.447826 billion as of September 30, 2026, down from $1.453813 billion at December 31, 2025.
  • Total deposits: $1.250350 billion at September 30, 2026, compared to $1.248128 billion at December 31, 2025.
  • Shares outstanding: 16,989,267 shares of common stock outstanding as of November 10, 2026.
  • Credit loss recovery: The company reported a recovery of credit losses of $3 thousand in Q3 2026 and $80 thousand for the nine-month period, compared to provisions of $360 thousand and $3.396 million in the respective prior-year periods.

AmeriServ Financial Reports Higher Earnings and Improved Credit Quality Through September 2026

According to the filing, AmeriServ Financial, Inc. (NASDAQ:ASRV), a Pennsylvania-based bank holding company headquartered at Main and Franklin Streets in Johnstown, Pennsylvania, reported net income of $3.100 million for the third quarter of 2026, up from $2.544 million in the third quarter of 2025. Basic and diluted earnings per share were each $0.18 for Q3 2026, compared to $0.15 in Q3 2025. For the nine months ended September 30, 2026, net income was $7.632 million, or $0.45 per basic and diluted share, compared to $4.170 million, or $0.25 per share, for the nine months ended September 30, 2025.

The filing disclosed that total interest income was $18.269 million in Q3 2026 versus $18.483 million in Q3 2025, while total interest expense declined to $6.824 million from $7.476 million over the same comparison. Wealth management fees rose to $3.444 million in Q3 2026 from $2.849 million in Q3 2025, and to $9.398 million for the nine-month period from $8.495 million a year earlier. Total non-interest expense was $12.140 million in Q3 2026 versus $11.964 million in Q3 2025, with professional fees increasing to $1.265 million from $601 thousand quarter over quarter.

As of September 30, 2026, the company reported total assets of $1.447826 billion and total shareholders' equity of $122.023 million, compared to $119.312 million at December 31, 2025. Net loans stood at $982.611 million, down from $1.019599 billion at year-end 2025. The allowance for credit losses on loans was $12.891 million at September 30, 2026. Accumulated other comprehensive loss widened to $11.569 million from $7.349 million at December 31, 2025. The company is classified as a non-accelerated filer and a smaller reporting company, as indicated in the filing.

What Was Disclosed

AmeriServ Financial filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing income statement, balance sheet, and equity data. Net income improved year over year for both the three-month and nine-month periods, while total assets edged lower from year-end 2025.