AmeriServ Q3 net income jumps 83% to $0.07/share; declares $0.03 dividend

AMERISERV FINANCIAL INC /PA/

2024-Q3 EPS reported $0.16 revenue$11,811,000

Q3 2024 net income $1.18M ($0.07 EPS) vs $0.65M ($0.04) YoY, up 83%.
Nine-month 2024 net income $2.71M ($0.16 EPS) vs $1.98M ($0.12) YoY, up 37%.
Net interest margin stable at 2.71%; provision for credit losses recovery of $51K in Q3.
Board declared $0.03 quarterly dividend payable Nov 18, record Nov 4; 4.01% annualized yield.
Wealth management fees rose 7.2% in Q3; assets under management reached $2.6B.

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