AmeriServ Financial, Inc. Financial Ratios — ASRV Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	30.26	19.77	19.46	9.75	17.86	6.45	8.57	17.74	12.17	8.6	12.28	11.82	-5.36	6.01	8.97
Return on Assets (%)	0.68	0.51	0.5	0.28	0.54	0.2	0.28	0.67	0.52	0.37	0.54	0.55	-0.24	0.26	0.39
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.22	3.23	3.46	3.8	3.54	3.7	3.32	3.08	3.73	3.79	3.58	3.66	3.96	3.86	3.54
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	20.48	15.44	15.39	9.55	16.47	6.58	17.29	19	15.13	11.04	15.44	16.07	-8.37	8.14	11.47
Profit Margin (%)	14.26	10.69	10.68	6.25	11.85	4.74	6.56	15.62	12	8.73	12.44	13.01	-6.38	6.67	9.47
Net Income to Common Margin (%)	11.24	8.93	10.25	5.82	11.43	4.71	6.56	15.62	12	8.73	12.44	13.01	-6.38	6.67	9.47
Effective Tax Rate (%)	30.38	30.78	30.59	34.58	28.09	27.97	62.06	17.76	20.68	20.89	19.4	19.05	- -	18.14	17.42
Dvd Payout Ratio (%)	-6.42	- -	11.36	26.73	13.03	41.18	33.8	17.34	27.24	37.32	24.15	26.41	-61.51	56.1	35.32
Sustainable Growth Rate (%)	32.2	19.77	17.25	7.14	15.53	3.79	5.67	14.66	8.86	5.39	9.31	8.7	-8.65	2.64	5.8

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	35	42	80	94	117	79	116	108	101	114	73	138	116	102	75
ST Debt	16	16	42	39	49	13	49	41	22	25	- -	89	41	15	- -
LT Debt	19	26	38	55	68	66	67	67	78	89	73	50	75	87	75
Total Debt/EBITDA	23.6	27.41	47.32	51.18	65.4	43.62	69.49	70.7	53.7	57.15	35.79	66.02	55.72	48.82	35.9
Net Debt/EBITDA	0.05	9.8	29.46	33.28	38.29	24.72	48.96	47.9	39.71	39.42	13.84	53.48	47.33	38.25	9.77
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.96	2.34	2.63	2.74	3.04	3.14	3.48	4.05	4.44	4.28	4.51	4.82	4.26	4.27	4.43
Long-Term Debt/Equity (%)	16.99	23.61	33.61	48.15	57.42	69.07	70.05	68.53	79.26	85.61	62.49	46.84	72.94	81.16	63.12
Long-Term Debt/Capital (%)	25.43	30.28	29.65	38.03	39.49	57.34	42.63	43.27	51.22	52.89	54.72	24.36	42.7	53.59	53.91
Long-Term Debt/Total Assets (%)	1.95	2.61	3.61	5.06	5.95	5.71	5.71	5.79	6.67	6.97	5.45	3.65	5.37	6.12	5.18
Total Debt/Equity (%)	31.02	37.79	70.29	82.13	98.39	82.44	121.66	110.41	101.99	109.27	62.49	130.32	112.98	94.81	63.12
Total Debt/Capital (%)	46.44	48.46	62	64.87	67.67	68.44	74.03	69.71	65.91	67.51	54.72	67.79	66.14	62.6	53.91
Total Debt/Total Assets (%)	3.56	4.17	7.54	8.63	10.19	6.82	9.91	9.32	8.59	8.89	5.45	10.15	8.32	7.15	5.18
Net Debt to Equity	0.06	13.51	43.75	53.4	57.62	46.72	85.71	74.8	75.42	75.38	24.16	105.57	95.99	74.3	17.17
Net Debt/Capital (%)	0.17	25.16	50.38	54.56	55.07	55.14	66.76	60.93	57.02	57.24	30.6	61.87	61.09	55.07	23.08
EBITDA	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
EBITDA-CapEx	- -	-1	-1	- -	1	- -	-1	-1	-1	1	1	- -	1	- -	1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	1.96	2.34	2.63	2.74	3.04	3.14	3.48	4.05	4.44	4.28	4.51	4.82	4.26	4.27	4.43
Long-Term Debt/Equity (%)	16.99	23.61	33.61	48.15	57.42	69.07	70.05	68.53	79.26	85.61	62.49	46.84	72.94	81.16	63.12
Long-Term Debt/Capital (%)	25.43	30.28	29.65	38.03	39.49	57.34	42.63	43.27	51.22	52.89	54.72	24.36	42.7	53.59	53.91
Long-Term Debt/Total Assets (%)	1.95	2.61	3.61	5.06	5.95	5.71	5.71	5.79	6.67	6.97	5.45	3.65	5.37	6.12	5.18
Total Debt/Equity (%)	31.02	37.79	70.29	82.13	98.39	82.44	121.66	110.41	101.99	109.27	62.49	130.32	112.98	94.81	63.12
Total Debt/Capital (%)	46.44	48.46	62	64.87	67.67	68.44	74.03	69.71	65.91	67.51	54.72	67.79	66.14	62.6	53.91
Total Debt/Total Assets (%)	3.56	4.17	7.54	8.63	10.19	6.82	9.91	9.32	8.59	8.89	5.45	10.15	8.32	7.15	5.18
CFO/Total Liabilities	1.25	0.36	1.58	0.51	0.96	0.62	0.7	0.75	0.46	-0.12	0.82	0.41	0.49	0.2	0.24
CFO/CapEx	6.48	1.21	4.94	2.88	11.16	4.78	2.78	3.72	1.73	-1.04	8.01	2.5	4.55	1.57	2.84
Altman's Z-Score	0.1	0.12	0.12	0.12	0.12	0.13	0.14	0.14	0.15	0.13	0.14	0.14	0.12	0.12	0.13

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	28.51	15.27	16.57	16.03	16.37	15.8	14.94	14.02	14.48	12.36	12.56	13.03	10.14	9.81	10.73
Days Sales Outstanding	12.8	23.91	22.03	22.77	22.29	23.1	24.42	26.03	25.22	29.53	29.06	28.01	35.98	37.21	34.01
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	41	59	57	59	60	70	77	72	73	53	66	67	56	45	53
- Cash & Cash Equivalents	35	27	30	33	49	34	34	35	22	32	41	23	14	18	51
+ Preferred Equity and Hybrid Capital	21	21	21	21	21	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	35	42	80	94	117	79	116	108	101	114	73	138	116	102	75
Enterprise Value	-121	-56	-14	14	30	-13	29	-1	10	-8	-66	3	-9	-27	66
Total Capital	75	86	128	145	173	115	156	155	153	169	133	204	175	162	140
Total Debt/Capital (%)	46.44	48.46	62	64.87	67.67	68.44	74.03	69.71	65.91	67.51	54.72	67.79	66.14	62.6	53.91
Total Debt / EV	-0.29	-0.74	-5.68	6.81	3.85	-6.25	3.97	-91.83	10.52	-13.89	-1.11	41.87	-13.38	-3.82	1.14
EV/Sales	1.13	1.71	2.35	0.29	0.6	2.05	0.58	2.66	0.19	2.44	1.58	0.06	2.94	1.55	1.12
EV/EBITDA	35.2	52.8	67.82	7.52	17.01	55.32	17.5	86.46	5.11	64.44	44.2	1.58	74.25	40.3	31.59
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	4.82	25.04	7.68	2.78	3.1	15.13	3.87	16.57	1.96	- -	9.05	0.63	24.49	31.24	20.79
EV/Free Cash Flow to Firm	4.17	13.72	6.39	2.07	2.84	12.51	2.85	13.06	1.24	- -	8.05	0.45	20.08	19.09	15.37
Diluted Market Cap	41	59	58	59	61	70	77	73	73	53	66	68	56	45	53
Diluted Enterprise Value	62	95	128	141	150	115	159	146	152	136	98	183	157	129	77
EV per Share	2.45	4.08	6.03	0.73	1.61	5.28	1.58	7.38	0.55	7.54	5.27	0.19	8.98	- -	4.01
TTM Sales	46	47	49	48	51	49	50	50	50	53	57	57	52	54	59
TTM EBITDA	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	11	3	15	5	10	7	8	8	5	-1	10	5	6	3	3
TTM Free Cash Flow to Firm	12	6	18	7	11	8	10	10	8	- -	11	7	8	4	4

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	3.32	10.14	3.23	8.86	5.66	8.8	7.55	7.18	9.5	-1,112.65	5.91	9.27	7.24	10.24	12.22
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-121	-56	-14	14	30	-13	29	-1	10	-8	-66	3	-9	-27	66
Low Price	1.55	1.84	2.74	3	2.86	2.9	3.48	3.93	3.92	2.36	3.05	3.66	2.41	2.2	2.03
EV/Sales	1.13	1.71	2.35	0.29	0.6	2.05	0.58	2.66	0.19	2.44	1.58	0.06	2.94	1.55	1.12
EV/EBITDA	35.2	52.8	67.82	7.52	17.01	55.32	17.5	86.46	5.11	64.44	44.2	1.58	74.25	40.3	31.59
Price/Earnings	8.02	14.07	11.52	20.91	10.43	30.46	23.31	9.3	12.09	11.61	9.32	9.05	- -	12.5	9.39
Price/Earnings Average	8.41	12.87	11.62	22.27	10.46	26.38	22.33	9.72	11.93	11.72	9.39	9.18	-15.91	12.45	8.29
Price/Earnings High	10.28	15.01	12.88	26.26	11.54	31.7	24.72	10.5	12.38	15.87	12.89	10.38	-21.11	15.86	10.07
Price/Earnings Low	6.37	8.6	10.41	20.04	9.32	23.88	19.55	9.07	11.29	8.75	7.36	8.41	-12.35	10.27	5.98
Price/Book Value	2.15	2.53	2.06	1.97	1.73	1.93	1.89	1.54	1.4	0.97	1.09	1.03	0.94	0.74	0.82
Price/Book Value Average	2.26	2.32	2.08	2.1	1.73	1.67	1.81	1.61	1.38	0.98	1.1	1.04	0.9	0.74	0.72
Price/Book Value High	2.76	2.7	2.31	2.47	1.91	2.01	2.01	1.74	1.43	1.33	1.51	1.18	1.19	0.94	0.88
Price/Book Value Low	1.71	1.55	1.87	1.89	1.55	1.51	1.59	1.5	1.31	0.73	0.86	0.95	0.7	0.61	0.52
Price/Tangible Book Value	0.52	0.77	0.72	0.72	0.7	0.84	0.92	0.84	0.84	0.58	0.64	0.73	0.63	0.48	0.5
Price/Tangible Book Value Average	0.55	0.71	0.73	0.77	0.7	0.73	0.88	0.88	0.83	0.58	0.65	0.74	0.6	0.48	0.44
Price/Tangible Book Value High	0.67	0.82	0.81	0.91	0.78	0.87	0.98	0.95	0.86	0.79	0.89	0.84	0.8	0.61	0.53
Price/Tangible Book Value Low	0.42	0.47	0.65	0.69	0.63	0.66	0.77	0.82	0.79	0.44	0.51	0.68	0.47	0.4	0.32
Price/Sales	0.9	1.26	1.18	1.22	1.19	1.43	1.53	1.45	1.45	1.01	1.16	1.18	1.06	0.83	0.89
Price/Sales Average	0.94	1.15	1.19	1.3	1.2	1.24	1.46	1.52	1.43	1.02	1.17	1.19	1.02	0.83	0.78
Price/Sales High	1.16	1.34	1.32	1.53	1.32	1.49	1.62	1.64	1.49	1.39	1.6	1.35	1.35	1.06	0.95
Price/Sales Low	0.72	0.77	1.07	1.17	1.07	1.12	1.28	1.42	1.36	0.76	0.92	1.09	0.79	0.68	0.57
Price/Cash Flow	3.83	18.45	3.86	11.85	6.14	10.6	10.21	9.05	14.91	-38.88	6.63	12.94	8.83	16.76	16.54
Price/Cash Flow Average	4.01	16.87	3.9	12.62	6.15	9.18	9.78	9.46	14.71	-39.24	6.68	13.12	8.46	16.68	14.59
Price/Cash Flow High	4.91	19.67	4.32	14.88	6.79	11.03	10.82	10.22	15.26	-53.16	9.17	14.84	11.23	21.26	17.73
Price/Cash Flow Low	3.04	11.28	3.49	11.36	5.49	8.31	8.56	8.83	13.92	-29.31	5.24	12.02	6.57	13.76	10.52
Price/Free Cash Flow Average	3.48	9.28	3.26	9.43	5.67	7.61	7.23	7.5	9.37	-1,123.09	5.95	9.4	6.94	10.19	10.79
Price/Free Cash Flow High	4.25	10.82	3.61	11.12	6.26	9.15	8	8.1	9.73	-1,521.45	8.17	10.63	9.21	12.99	13.11
Price/Free Cash Flow Low	2.64	6.2	2.92	8.49	5.05	6.89	6.33	7	8.87	-838.93	4.67	8.61	5.39	8.4	7.78
EV/Sales Average	1.4	1.91	2.64	2.99	2.96	2.16	3.09	2.99	2.99	2.59	1.73	3.21	2.95	2.38	1.2
EV/Sales High	1.61	2.1	2.77	3.22	3.09	2.41	3.24	3.12	3.05	2.96	2.16	3.37	3.28	2.61	1.37
EV/Sales Low	1.18	1.53	2.52	2.86	2.83	2.04	2.91	2.89	2.92	2.33	1.47	3.11	2.73	2.24	0.98
EV/EBITDA Average	43.59	59.17	76.36	78.83	83.83	58.29	93.12	97.27	80.26	68.36	48.21	87.67	74.61	61.82	33.8
EV/EBITDA High	50.12	65.08	80.09	84.94	87.33	65.07	97.84	101.23	81.71	77.94	60.4	91.95	83.01	67.72	38.57
EV/EBITDA Low	36.49	47.37	72.77	75.42	80.17	55.11	87.62	93.96	78.19	61.53	41.18	84.93	68.87	58.04	27.62
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	1.95	3.01	3.03	3.13	3.2	3.7	4.15	4.03	4.2	3.13	3.86	3.94	3.24	2.68	3.19
High Price	2.5	3.21	3.39	3.93	3.54	3.85	4.4	4.55	4.3	4.28	5.34	4.52	4.12	3.4	3.42
Enterprise Value Average	64	90	129	145	150	105	155	149	150	136	98	184	155	129	71
Enterprise Value High	74	99	135	156	156	117	163	155	153	156	123	193	172	141	81
Enterprise Value Low	54	72	122	138	143	99	146	144	146	123	84	178	143	121	58

Shares Outstanding	21	19	19	19	19	19	18	18	17	17	17	17	17	17	17
Diluted Weighted Avg Shares	21	20	19	19	19	19	19	18	17	17	17	17	17	17	17
Basic Weighted Avg Shares	21	20	19	19	19	19	18	18	17	17	17	17	17	17	17
Revenue per Share	2.16	2.4	2.57	2.57	2.68	2.58	2.71	2.77	2.89	3.09	3.33	3.35	3.06	3.22	3.59
EBITDA per Share	0.07	0.08	0.09	0.1	0.09	0.1	0.09	0.09	0.11	0.12	0.12	0.12	0.12	0.12	0.13
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.24	0.21	0.26	0.15	0.31	0.12	0.18	0.43	0.35	0.27	0.41	0.44	-0.2	0.21	0.34
Basic EPS from Cont Ops	0.31	0.26	0.27	0.16	0.32	0.12	0.18	0.43	0.35	0.27	0.41	0.44	-0.2	0.21	0.34
Diluted EPS, GAAP	0.24	0.21	0.26	0.15	0.31	0.12	0.18	0.43	0.35	0.27	0.41	0.43	-0.2	0.21	0.34
Diluted EPS from Cont Ops	0.31	0.26	0.27	0.16	0.32	0.12	0.18	0.43	0.35	0.27	0.41	0.43	-0.2	0.21	0.34
Dividend per Share	0.05	0.04	0.04	0.05	0.05	0.05	0.06	0.08	0.09	0.1	0.1	0.11	0.12	0.12	0.12
Cash Flow per Share	0.51	0.16	0.78	0.26	0.52	0.35	0.41	0.45	0.28	-0.08	0.58	0.3	0.37	0.16	0.19
Free Cash Flow per Basic Share	0.43	0.03	0.63	0.17	0.47	0.28	0.26	0.33	0.12	-0.16	0.51	0.18	0.29	0.06	0.12
Cash & Equivalents per Share	10.28	9.06	9.08	8.51	8.91	8.53	8.83	10.13	9.44	10.3	11.96	11.84	10.48	10.32	3.74
Book Value per Share	0.91	1.19	1.47	1.59	1.85	1.92	2.19	2.62	3	3.22	3.53	3.84	3.45	3.62	3.9
Tangible Book Value per Share	3.72	3.9	4.21	4.33	4.56	4.42	4.5	4.8	4.99	5.42	6.02	5.4	5.17	5.57	6.39

AmeriServ Financial, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)