A Business at a Glance
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AMERISERV FINANCIAL INC /PA/
ASRV
$72M
Mkt Cap
$4.34
+4.58%
AMERISERV FINANCIAL INC /PA/ (ASRV) has a current P/E ratio of 20.7, compared to its historical median P/E of 9.8. The stock is currently considered Expensive based on its historical valuation range.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a 5-year average return on invested capital (ROIC) of 3.4%. This is below average and may indicate limited pricing power.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a market capitalization of $72M. It is classified as a small-cap stock.
Yes, AMERISERV FINANCIAL INC /PA/ (ASRV) pays a dividend with a trailing twelve-month yield of 2.77%.
Based on historical P/E analysis, AMERISERV FINANCIAL INC /PA/ (ASRV) appears expensive. The current P/E of 20.7 is 111% above its historical median of 9.8. The estimated fair value CAGR (P/E method) is -15.8%.
AMERISERV FINANCIAL INC /PA/ (ASRV) operates in the National Commercial Banks industry, within the Financials sector.
AMERISERV FINANCIAL INC /PA/ (ASRV) reported annual revenue of $88 million in its most recent fiscal year, based on SEC EDGAR filings.
AmeriServ Financial, Inc. (the Company) is a bank holding company organized under the Pennsylvania Business Corporation Law. The Company became a holding company upon acquiring all of the outstanding shares of AmeriServ Financial Bank (the Bank) in January 1983. The Company’s other wholly owned subsidiary, the former AmeriServ Trust and Financial Services Company (the Trust Company), was merged with and into the Bank effective October 1, 2024. When used in this report, the “Company” may refer, depending on the context, to AmeriServ Financial, Inc. individually or AmeriServ Financial, Inc. and its direct and indirect subsidiaries. The Company’s principal activities consist of owning and operating its wholly owned subsidiary entity. At December 31, 2024, the Company had, on a consolidated basis, total assets, deposits, and shareholders’ equity of $1.4 billion, $1.2 billion, and $107.2 million, respectively.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 88M | 88M | 84M | 77M | 66M | 64M |
| Net Income | 5.6M | 5.6M | 3.6M | -3.3M | 7.4M | 7.1M |
| EPS | $0.34 | $0.34 | $0.21 | $-0.20 | $0.43 | $0.41 |
| Free Cash Flow | 2.1M | 2.1M | 976K | 4.9M | 3.1M | 8.7M |
| ROIC | 3.2% | 5.0% | 3.4% | -3.2% | 6.0% | 5.7% |
| Gross Margin | 0.0% | 0.0% | 62.9% | 58.2% | 87.0% | 86.5% |
| Debt/Equity | 0.00 | 0.00 | 0.14 | 0.40 | 0.83 | 0.23 |
| Dividends/Share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.10 |
| Operating Income | 2.7M | 2.7M | 3.1M | 1.8M | 2.6M | 2.6M |
| Operating Margin | 3.1% | 3.1% | 3.7% | 2.3% | 3.9% | 4.0% |
| ROE | 4.7% | 5.0% | 3.4% | -3.2% | 6.7% | 6.4% |
| Shares Outstanding | 17M | 17M | 17M | 17M | 17M | 17M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 55M | 57M | 57M | 59M | 61M | 65M | 63M | 64M | 66M | 77M | 84M | 88M | 88M |
| Gross Margin | 87.6% | 86.4% | 79.3% | 83.7% | 80.1% | 76.6% | 79.6% | 86.5% | 87.0% | 58.2% | 62.9% | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 25M | 24M | 24M | 24M | 24M | 25M | 27M | 28M | 28M | 30M | 28M | 29M | 29M |
| EBIT | 2.3M | 2.3M | 2.1M | 2.1M | 2.4M | 2.5M | 2.3M | 2.6M | 2.6M | 1.8M | 3.1M | 2.7M | 2.7M |
| Op. Margin | 4.3% | 4.1% | 3.7% | 3.5% | 3.9% | 3.8% | 3.6% | 4.0% | 3.9% | 2.3% | 3.7% | 3.1% | 3.1% |
| Net Income | 2.8M | 5.8M | 2.3M | 3.3M | 7.8M | 6.0M | 4.6M | 7.1M | 7.4M | -3.3M | 3.6M | 5.6M | 5.6M |
| Net Margin | 5.1% | 10.1% | 4.1% | 5.6% | 12.7% | 9.3% | 7.3% | 11.0% | 11.3% | -4.3% | 4.3% | 6.4% | 6.4% |
| Non-Recurring | 846K | 71K | 177K | 115K | -439K | 618K | 0 | 84K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 2.5% | 4.8% | 2.1% | 3.5% | 8.0% | 6.1% | 4.5% | 5.7% | 6.0% | -3.2% | 3.4% | 5.0% | 3.2% |
| ROE | 2.5% | 5.0% | 2.1% | 3.5% | 8.0% | 6.1% | 4.5% | 6.4% | 6.7% | -3.2% | 3.4% | 5.0% | 4.7% |
| ROA | 0.3% | 0.5% | 0.2% | 0.3% | 0.7% | 0.5% | 0.4% | 0.5% | 0.6% | -0.2% | 0.3% | 0.4% | 0.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 5.0M | 9.8M | 6.6M | 7.5M | 8.0M | 4.9M | -1.4M | 9.9M | 5.2M | 6.3M | 2.7M | 3.2M | 3.2M |
| Free Cash Flow | 3.2M | 9.0M | 5.2M | 4.8M | 5.8M | 2.1M | -2.7M | 8.7M | 3.1M | 4.9M | 976K | 2.1M | 2.1M |
| Owner Earnings | 3.1M | 7.8M | 4.8M | 5.8M | 6.5M | 3.4M | -3.0M | 8.2M | 3.5M | 4.5M | 979K | 1.3M | 1.3M |
| CapEx | 1.7M | 881K | 1.4M | 2.7M | 2.1M | 2.8M | 1.3M | 1.2M | 2.1M | 1.4M | 1.7M | 1.1M | 1.1M |
| Maint. CapEx | 1.8M | 1.8M | 1.8M | 1.7M | 1.5M | 1.5M | 1.6M | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M |
| Growth CapEx | 0 | 0 | 0 | 1.0M | 644K | 1.3M | 0 | 0 | 380K | 0 | 11K | 0 | 0 |
| D&A | 1.8M | 1.8M | 1.8M | 1.7M | 1.5M | 1.5M | 1.6M | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 35.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 752K | 754K | 945K | 1.1M | 1.3M | 1.6M | 1.7M | 1.7M | 2.0M | 2.1M | 2.0M | 2.0M | 2.0M |
| Dividend Yield | 1.6% | 1.7% | 2.1% | 2.0% | 2.3% | 2.9% | 3.9% | 3.0% | 3.3% | 4.5% | 4.8% | N/A | 2.8% |
| Share Buybacks | 0 | 0 | 0 | 3.4M | 2.3M | 2.6M | 151K | 0 | 0 | 0 | 1.5M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 5.9% | 4.0% | 4.4% | 0.3% | N/A | N/A | N/A | 3.6% | 0.0% | 0.0% |
| Stock-Based Comp | 66K | 186K | 20K | 13K | 14K | 7K | 3K | 43K | 50K | 45K | 8K | 166K | 166K |
| Debt Repayment | 2.7M | 9.9M | 36M | 36M | 8.1M | 19M | 2.3M | 25M | 89M | 48M | 26M | 15M | 15M |
| Balance Sheet | |||||||||||||
| Net Debt | 55M | 50M | 39M | 76M | -73M | -142M | -151M | -178M | -114M | 13M | -3.1M | -51M | -51M |
| Cash & Equiv. | 33M | 49M | 34M | 34M | 35M | 22M | 32M | 41M | 23M | 14M | 18M | 51M | 51M |
| Long-Term Debt | 0 | 7.4M | 0 | 0 | N/A | N/A | N/A | 27M | N/A | N/A | N/A | N/A | 266K |
| Debt/Equity | 0.82 | 0.98 | 0.82 | 1.22 | 1.10 | 0.23 | 0.24 | 0.23 | 0.83 | 0.40 | 0.14 | 0.00 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 | 0.1 |
| Equity | 114M | 119M | 95M | 95M | 98M | 99M | 104M | 117M | 106M | 102M | 107M | 119M | 119M |
| Total Assets | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.4B | 1.5B | 1.5B |
| Total Liabilities | 975M | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 128K | 101K | 77K | 56K | 56K |
| Retained Earnings | 30M | 35M | 36M | 40M | 47M | 52M | 55M | 60M | 65M | 59M | 60M | 64M | 64M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 0.15 | 0.31 | 0.12 | 0.18 | 0.43 | 0.35 | 0.27 | 0.41 | 0.43 | -0.20 | 0.21 | 0.34 | 0.34 |
| Owner EPS | 0.17 | 0.42 | 0.25 | 0.32 | 0.36 | 0.20 | -0.17 | 0.48 | 0.20 | 0.27 | 0.06 | 0.08 | 0.08 |
| Book Value | 6.10 | 6.37 | 4.99 | 5.20 | 5.42 | 5.73 | 6.13 | 6.76 | 6.13 | 6.11 | 6.25 | 7.23 | 7.23 |
| Cash Flow/Share | 0.26 | 0.53 | 0.34 | 0.41 | 0.44 | 0.28 | -0.08 | 0.58 | 0.30 | 0.38 | 0.16 | 0.19 | 0.44 |
| Dividends/Share | 0.04 | 0.04 | 0.05 | 0.06 | 0.08 | 0.10 | 0.10 | 0.10 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Shares Out. | 18.8M | 18.7M | 19.1M | 18.3M | 18.1M | 17.2M | 17.0M | 17.2M | 17.3M | 16.7M | 17.1M | 16.5M | 16.5M |
| Valuation | |||||||||||||
| P/E Ratio | 15.1 | 7.8 | 23.4 | 17.5 | 7.5 | 9.7 | 9.9 | 8.0 | 8.0 | N/A | 11.7 | N/A | 12.8 |
| P/FCF | 13.1 | 5.0 | 10.3 | 12.0 | 10.0 | 28.3 | N/A | 6.5 | 19.0 | 10.1 | 43.0 | N/A | 34.7 |
| EV/EBIT | 7.1 | -3.8 | 10.5 | 38.6 | 47.5 | 38.0 | 36.3 | N/A | 58.0 | 40.5 | 11.3 | N/A | 7.8 |
| Price/Book | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | N/A | 0.6 |
| Price/Sales | 0.9 | 0.9 | 0.9 | 1.1 | 1.2 | 4.4 | 3.4 | 3.7 | 4.0 | 3.2 | 2.7 | N/A | 0.8 |
| FCF Yield | 7.6% | 19.9% | 9.7% | 8.4% | 10.0% | 3.5% | -5.9% | 15.5% | 5.3% | 9.9% | 2.3% | N/A | 2.9% |
| Market Cap | 43M | 45M | 54M | 58M | 58M | 58M | 46M | 56M | 60M | 50M | 42M | 0 | 72M |
| Avg. Price | 2.44 | 2.38 | 2.40 | 3.03 | 3.27 | 3.28 | 2.57 | 3.25 | 3.43 | 2.76 | 2.48 | 0.00 | 4.34 |
| Year-End Price | 2.27 | 2.41 | 2.80 | 3.15 | 3.23 | 3.39 | 2.68 | 3.26 | 3.44 | 2.97 | 2.45 | 0.00 | 4.34 |
AMERISERV FINANCIAL INC /PA/ passes 3 of 9 quality checks, indicating weak fundamentals.
AMERISERV FINANCIAL INC /PA/ trades at 20.7x trailing earnings, compared to its 15-year median P/E of 9.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 27.7x vs a median of 11.1x. The company's 5-year average ROIC is 3.4% with a gross margin of 58.9%. Total shareholder yield (dividends) is 2.8%. At current prices, the estimated annualized return to fair value is +1.3%.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a net profit margin of 6.4%. This is a modest margin.
AMERISERV FINANCIAL INC /PA/ (ASRV) generated $2 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
AMERISERV FINANCIAL INC /PA/ (ASRV) reported earnings per share (EPS) of $0.34 in its most recent fiscal year.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a return on equity (ROE) of 5.0%. This indicates moderate shareholder returns.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a 5-year average gross margin of 58.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for AMERISERV FINANCIAL INC /PA/ (ASRV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AMERISERV FINANCIAL INC /PA/ (ASRV) has a book value per share of $7.23, based on its most recent annual SEC filing.
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