Brief: Ameriserv Financial Reports First Quarter 2023 Earnings

Ameriserv Financial

18/04/2023 18:30

April 18 (Reuters) - Ameriserv Financial Inc  ASRV.O :
    * AMERISERV FINANCIAL REPORTS FIRST QUARTER 2023 EARNINGS
    * AMERISERV FINANCIAL INC - SINCE END OF 2022, WE HAVE SEEN AN INCREASE OF
$23.3
MILLION, OR 2.1%, IN DEPOSITS
    * AMERISERV FINANCIAL INC - OUR BANK'S LIQUIDITY POSITION CONTINUES TO BE
STRONG
    * AMERISERV FINANCIAL INC - BELIEVE THAT OUR BALANCE SHEET IS WELL
POSITIONED FOR
UNEXPECTED CHALLENGES THAT WE MAY FACE THROUGH REMAINDER OF 2023
    * AMERISERV FINANCIAL INC - QTRLY EARNINGS PER SHARE $0.09
    * AMERISERV FINANCIAL INC - Q1 2023 FINANCIAL RESULTS ALSO REFLECT AN
INCREASE IN
COMPANY'S PROVISION FOR CREDIT LOSSES TO $1.2 MILLION
    * AMERISERV FINANCIAL INC - TOTAL AVERAGE DEPOSITS FOR Q1 OF 2023 ARE $9.7
MILLION, OR 0.8%, LOWER THAN 2022 Q1 AVERAGE

Further company coverage:  ASRV.O 

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