AmeriServ Financial, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total interest income of $12,149,000 compared to $11,187,000 a year ago. Net interest income was $9,109,000 compared to $8,937,000 a year ago. Net income was $2,329,000 or $0.13 per basic and diluted share compared to $1,551,000 or $0.08 per basic and diluted share a year ago. Return on average assets was 0.79% compared to 0.53% a year ago. Return on average equity was 9.54% compared to 6.37% a year ago.

For the nine months, the company reported total interest income of $34,969,000 compared to $32,986,000 a year ago. Net interest income was $26,715,000 compared to $26,557,000 a year ago. Net income was $5,840,000 or $0.32 per basic and diluted share compared to $4,288,000 or $0.23 per basic and diluted share a year ago. Return on average assets was 0.67% compared to 0.49% a year ago. Return on average equity was 8.14% compared to 5.98% a year ago. The company had a book value of $5.47 per common share and a tangible book value of $4.80 per common share at September 30, 2018.

The company expects that its effective tax rate will return to 20% in the fourth quarter of 2018.