AmeriServ Financial, Inc. (ASRV)

Heartland Financial USA Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	58.42	56.76	51.63	41.48	40.59	40.63
Interest Income on Investments	10.06	9.75	9.23	7.57	6.08	6.25
Total Interest Income	68.48	66.51	60.86	49.06	46.67	46.88
Interest Paid on Deposits	25.39	25.45	21.01	6.42	4.81	7.63
Interest Paid on Borrowings	4.34	5.01	3.83	2.07	2.78	2.88
Total Interest Expense	29.73	30.46	24.84	8.5	7.59	10.52
Net Interest Income	38.75	36.05	36.02	40.56	39.08	36.37
Net Interest Income Growth (YoY)	10.69%	0.08%	-11.20%	3.79%	7.47%	2.61%
Trust Income	11.64	12.32	11.27	11.62	11.99	10.21
Mortgage Banking Activities	0.07	0.13	0.13	0.12	0.36	0.56
Gain (Loss) on Sale of Investments	-	-	0.83	-0.02	0.13	0.01
Other Non-Interest Income	3.81	4.17	2.83	3.66	3.66	3.07
Total Non-Interest Income	16.87	17.98	16.39	16.69	17.76	16.28
Non-Interest Income Growth (YoY)	3.27%	9.68%	-1.81%	-6.02%	9.13%	10.17%
Revenues Before Loan Losses	55.62	54.02	52.41	57.26	56.84	52.64
Provision for Loan Losses	4.04	0.88	7.43	0.05	1.1	2.38
Revenue	51.58	53.14	44.98	57.21	55.74	50.27
Revenue Growth (YoY)	13.95%	18.14%	-21.37%	2.62%	10.90%	1.72%
Salaries and Employee Benefits	28.46	28.39	29.63	28.44	27.8	27.39
Occupancy Expenses	3.03	2.97	2.92	2.88	2.62	2.51
Federal Deposit Insurance	1	1.02	0.72	0.52	0.66	0.48
Selling, General & Administrative	10.42	11.81	12.04	9.49	8.83	8.61
Other Non-Interest Expense	4.14	4.56	4.07	6.67	6.67	5.46
Total Non-Interest Expense	47.05	48.74	49.37	48	46.58	44.46
EBT Excluding Unusual Items	4.53	4.4	-4.39	9.2	9.16	5.81
Pretax Income	4.53	4.4	-4.39	9.2	8.77	5.81
Income Tax Expense	0.83	0.8	-1.04	1.75	1.7	1.21
Net Income	3.7	3.6	-3.35	7.45	7.07	4.6
Net Income to Common	3.7	3.6	-3.35	7.45	7.07	4.6
Net Income Growth	-	-	-	5.32%	53.81%	-23.72%
Basic Shares Outstanding	17	17	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17	17
Shares Change (YoY)	-3.51%	-1.99%	-0.01%	0.19%	0.30%	-2.16%
EPS (Basic)	0.22	0.21	-0.20	0.44	0.41	0.27
EPS (Diluted)	0.22	0.21	-0.20	0.43	0.41	0.27
EPS Growth	-	-	-	4.88%	52.06%	-22.35%
Dividend Per Share	0.120	0.120	0.120	0.115	0.100	0.100
Dividend Growth	-	-	4.35%	15.00%	-	5.26%
Effective Tax Rate	18.37%	18.14%	-	19.05%	19.40%	20.89%

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q