Filing Flows › Ameriserv Financial (ASRV) › Q4 2024
Ameriserv Financial (ASRV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 19, 2025
Ameriserv Financial (ASRV) reported revenue of $14.0M for the fourth quarter 2024 (Q4 2024), +23% from a year earlier and +7% from the quarter before. Operating margin was 7.7%, net earnings $889K (6.4% of revenue).
Ameriserv Financial, Q4 2024: revenue $14.0M (+23% year over year), operating margin 7.7%, net earnings $889K, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.0M | +7% | +23% |
| Operating profit | $1.1M | -24% | — |
| Net earnings | $889K | -25% | — |
| Operating cash flow | $3.4M | — | +204% |
What changed
Revenue was $14.0M in Q4 2024, up 23% year over year and up 7% from the previous quarter. Wealth management fees was the largest line at 21% of revenue.
Operating profit was $1.1M, a 7.7% margin (up 67.6 points year over year). Total costs fell 29% while revenue rose 23%. Net earnings were $889K. The effective tax rate was 17.4%.
Operating cash flow was $3.4M (up 204% year over year), 379% of net earnings. Working capital and other items added $2.5M. Capital expenditures of −$238K left free cash flow of $3.6M.
Questions
What was Ameriserv Financial's revenue in the fourth quarter 2024?
Ameriserv Financial (ASRV) reported revenue of $14.0M for the fourth quarter 2024 (Q4 2024), +23% from a year earlier and +7% from the quarter before.
Was Ameriserv Financial profitable in the fourth quarter 2024?
Operating profit was $1.1M (7.7% of revenue) and net earnings $889K.