AmeriServ Financial Q2 FY26 net income swings to USD 2.74 million - ASRV News | RalliesAmeriServ Financial Q2 FY26 net income swings to USD 2.74 million
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ASRV• Quarterly results and margin improvement
- AmeriServ Financial swung to second-quarter net income of $2.74 million, or $0.16 per diluted share, from a loss a year earlier.
- First-half net income rose to $4.53 million, or $0.27 per diluted share, a 170% increase in earnings per share from the year-earlier period.
- Net interest income increased 9.1% to $11.34 million in the quarter; net interest margin widened 24 basis points to 3.34%.
- Provision for credit losses shifted to a $294,000 recovery in the quarter; non-performing loans were 0.76% of total loans at June 30.
- Board declared a $0.03 per share quarterly dividend, payable Aug. 17 to shareholders of record Aug. 3.
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