AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of 2020 And Announces Quarterly Common Stock Cash Dividend
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JOHNSTOWN, Pa., Jan. 26, 2021 /PRNewswire/ AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2020 net income of $692,000, or $0.04 per diluted common share. This earnings performance represents a $23,000, or 3.4%, increase from the fourth quarter of 2019 when net income totaled $669,000, or $0.04 per diluted common share. For the year ended December 31, 2020, the Company reported net income of $4,598,000, or $0.27 per diluted common share. This represents a 22.9% decrease in earnings per share from the full year of 2019 when net income totaled $6,028,000, or $0.35 per diluted common share. The following table highlights the Company s financial performance for both the three and twelve month periods ended December 31, 2020 and 2019: