Demonstrações financeiras detalhadas de AmeriServ Financial, Inc. (ASRV): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
AmeriServ Financial, Inc. registou receitas de $88.3M no último exercício, com um CAGR de 5 anos de 6.9%. O lucro líquido atingiu $5.6M, com CAGR de 5 anos de 4.1%.
Margens dos últimos 12 meses: margem bruta 67.4%, margem operacional 11.6%, margem líquida 9.5%.
Ao preço atual de $4.88, ASRV negocia a um P/L de 9.60 e um ROE de 7.13%. A capitalização de mercado é de $83M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $56.5M | $59.0M | $61.3M | $64.5M | $63.2M | $64.4M | $65.8M | $77.2M | $84.5M | $88.3M |
| Custo da Receita | $11.7M | $9.6M | $11.0M | $15.1M | $12.9M | $8.7M | $8.5M | $32.3M | $31.3M | $33.2M |
| Lucro Bruto | $44.8M | $49.4M | $50.3M | $49.4M | $50.3M | $55.7M | $57.2M | $45.0M | $53.1M | $55.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $25.0M | $25.2M | $25.6M | $26.1M | $28.6M | $28.5M | $29.0M | $30.3M | $29.4M | $33.5M |
| Despesas Operacionais | $41.6M | $40.7M | $40.9M | $41.8M | $44.5M | $47.0M | $48.0M | $49.4M | $48.7M | $48.3M |
| Lucro Operacional | $3.2M | $8.7M | $9.4M | $7.6M | $5.8M | $8.8M | $9.2M | -$4.4M | $4.4M | $6.8M |
| EBITDA | $5.0M | $10.3M | $11.0M | $9.5M | $7.8M | $10.8M | $11.3M | -$2.3M | $6.5M | $8.9M |
| Despesas com Juros | $7.7M | $8.8M | $11.6M | $14.3M | $10.5M | $7.6M | $8.5M | $24.8M | $30.5M | $29.1M |
| Lucro Antes de Impostos | $3.2M | $8.7M | $9.4M | $7.6M | $5.8M | $8.8M | $9.2M | -$4.4M | $4.4M | $6.8M |
| Imposto | $897000 | $5.4M | $1.7M | $1.6M | $1.2M | $1.7M | $1.8M | -$1.0M | $798000 | $1.2M |
| Lucro Líquido | $2.3M | $3.3M | $7.8M | $6.0M | $4.6M | $7.1M | $7.4M | -$3.3M | $3.6M | $5.6M |
| LPA | $0.12 | $0.18 | $0.43 | $0.35 | $0.27 | $0.41 | $0.44 | $-0.20 | $0.21 | $0.34 |
| LPA Diluído | $0.12 | $0.18 | $0.43 | $0.35 | $0.27 | $0.41 | $0.43 | $-0.20 | $0.21 | $0.34 |
| Ações em Circulação (Diluídas) | $19.0M | $18.6M | $18.0M | $17.4M | $17.1M | $17.1M | $17.1M | $17.1M | $16.8M | $16.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $22.9M | $22.5M | $21.5M | $22.7M |
| Lucro Bruto | $15.0M | $14.6M | $14.6M | $16.2M |
| Lucro Operacional | $3.1M | $1.7M | $2.2M | $3.4M |
| EBITDA | $3.6M | $2.2M | $2.8M | $3.4M |
| Lucro Líquido | $2.5M | $1.4M | $1.8M | $2.7M |
| LPA | $0.15 | $0.09 | $0.11 | $0.16 |
| LPA Diluído | $0.15 | $0.09 | $0.11 | $0.16 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $34.1M | $34.2M | $34.9M | $22.2M | $31.5M | $41.1M | $23.0M | $14.0M | $17.7M | $50.9M |
| Investimentos de Curto Prazo | $127.1M | $129.1M | $146.7M | $141.7M | $144.2M | $163.2M | $179.5M | $165.7M | $155.6M | $18.1M |
| Contas a Receber | $3.1M | $3.6M | $3.5M | $3.4M | $5.1M | $4.0M | $4.8M | $5.5M | $5.5M | $5.6M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $164.3M | $166.9M | $185.1M | $167.4M | $180.7M | $208.3M | $207.3M | $185.3M | $178.9M | $74.5M |
| Imobilizado | $11.7M | $12.7M | $13.3M | $18.6M | $18.1M | $17.4M | $17.5M | $17.2M | $18.1M | $17.4M |
| Ágio | $11.9M | $11.9M | $11.9M | $11.9M | $11.9M | $13.6M | $13.6M | $13.6M | $13.6M | $13.6M |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | $158000 | $128000 | $101000 | $77000 | $56000 |
| Ativos Totais | $1.15B | $1.17B | $1.16B | $1.17B | $1.28B | $1.34B | $1.36B | $1.39B | $1.42B | $1.45B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $12.8M | $49.1M | $41.0M | $22.4M | $24.7M | 0 | $88.6M | $41.0M | $14.6M | 0 |
| Passivos Circulantes | $980.5M | $997.0M | $990.2M | $982.9M | $1.08B | $1.14B | $1.20B | $1.20B | $1.22B | $1.25B |
| Dívida de Longo Prazo | $65.9M | $66.6M | $67.1M | $74.1M | $85.5M | $69.3M | $46.4M | $71.2M | $82.8M | $71.4M |
| Passivos Totais | $1.06B | $1.07B | $1.06B | $1.07B | $1.18B | $1.22B | $1.26B | $1.29B | $1.32B | $1.33B |
| Reservas | $36.0M | $40.3M | $46.7M | $51.8M | $54.6M | $60.0M | $65.5M | $58.9M | $60.5M | $64.1M |
| Patrimônio Líquido | $95.4M | $95.1M | $98.0M | $98.6M | $104.4M | $116.5M | $106.2M | $102.3M | $107.2M | $119.3M |
| Dívida Total | $78.6M | $115.7M | $108.2M | $100.6M | $114.1M | $72.8M | $138.4M | $115.6M | $101.7M | $75.3M |
| Dívida Líquida | -$82.5M | -$47.6M | -$73.4M | -$63.3M | -$61.6M | -$131.4M | -$64.1M | -$64.2M | -$71.7M | $6.3M |
| Capital de Giro | -$816.3M | -$830.1M | -$805.1M | -$815.6M | -$898.9M | -$931.1M | -$989.9M | -$1.01B | -$1.04B | -$1.17B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $53.8M | $50.9M | $13.1M | $13.9M |
| Ativos Totais | $1.46B | $1.45B | $1.47B | $1.46B |
| Passivos Totais | $1.35B | $1.33B | $1.35B | $1.34B |
| Patrimônio Líquido | $114.6M | $119.3M | $120.7M | $123.1M |
| Dívida Total | $78.8M | $75.3M | $71.5M | $66.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $2.3M | $3.3M | $7.8M | $6.0M | $4.6M | $7.1M | $7.4M | -$3.3M | $3.6M | $5.6M |
| Depreciação e Amortização | $1.8M | $1.7M | $1.5M | $1.9M | $2.0M | $2.0M | $2.1M | $2.1M | $2.1M | $2.1M |
| Compensação em Ações | $20000 | $13000 | $14000 | $7000 | $3000 | $43000 | $50000 | $45000 | $8000 | 0 |
| Variação Capital de Giro | -$70000 | -$373000 | $416000 | $519000 | -$2.2M | $500000 | -$859000 | $2.3M | -$461000 | $303000 |
| Fluxo de Caixa Operacional | $6.6M | $7.5M | $8.0M | $4.9M | -$1.4M | $9.9M | $5.2M | $6.3M | $2.7M | $3.2M |
| CapEx | -$1.4M | -$2.7M | -$2.1M | -$2.8M | -$1.3M | -$1.2M | -$2.1M | -$1.4M | -$1.7M | -$1.1M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | $40.4M | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | -$3.4M | -$2.3M | -$2.5M | -$151000 | 0 | 0 | 0 | -$1.5M | 0 |
| Dividendos Pagos | -$960000 | -$1.1M | -$1.3M | -$1.6M | -$1.7M | -$1.7M | -$2.0M | -$2.1M | -$2.0M | -$2.0M |
| Fluxo de Caixa Livre | $5.2M | $4.8M | $5.8M | $2.1M | -$2.7M | $8.7M | $3.1M | $4.9M | $976000 | $2.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $1.4M | $1.2M | $356000 | -$1.1M |
| CapEx | -$506000 | -$477000 | -$400000 | $400000 |
| Fluxo de Caixa Livre | $898000 | $769000 | -$44000 | -$715000 |
| Dividendos Pagos | -$495000 | -$496000 | -$508000 | -$510000 |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +4.4% | +3.9% | +5.3% | -2.1% | +2.0% | +2.0% | +17.5% | +9.4% | +4.6% |
| Crescimento Lucro Líquido (anual) | | +42.6% | +135.9% | -22.4% | -23.7% | +53.8% | +5.3% | -144.9% | +207.6% | +55.8% |
| Crescimento LPA (anual) | | +50.0% | +138.9% | -18.6% | -22.9% | +51.9% | +7.3% | -145.5% | +205.0% | +61.9% |
| Variação de Ações (anual) | | -1.9% | -3.0% | -3.3% | -2.2% | +0.3% | +0.2% | -0.0% | -2.0% | -1.6% |
| Crescimento FCF (anual) | | -7.6% | +21.3% | -64.6% | -230.4% | +422.4% | -64.0% | +56.8% | -80.1% | +111.4% |
| Margem Bruta | 79.3% | 83.7% | 82.1% | 76.6% | 79.6% | 86.5% | 87.0% | 58.2% | 62.9% | 62.4% |
| Margem Operacional | 5.7% | 14.7% | 15.4% | 11.8% | 9.2% | 13.6% | 14.0% | -5.7% | 5.2% | 7.7% |
| Margem EBITDA | 8.9% | 17.5% | 17.9% | 14.7% | 12.4% | 16.8% | 17.2% | -3.0% | 7.7% | 10.1% |
| Margem Líquida | 4.1% | 5.6% | 12.7% | 9.3% | 7.3% | 11.0% | 11.3% | -4.3% | 4.3% | 6.4% |
| Margem FCF | 9.2% | 8.2% | 9.5% | 3.2% | -4.3% | 13.5% | 4.8% | 6.4% | 1.2% | 2.3% |
| Taxa Efetiva de Imposto | 28.0% | 62.1% | 17.8% | 20.7% | 20.9% | 19.4% | 19.1% | 23.7% | 18.1% | 17.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.28 | $0.26 | $0.32 | $0.12 | $-0.16 | $0.51 | $0.18 | $0.29 | $0.06 | $0.12 |
| Dividendo por Ação | $0.05 | $0.06 | $0.07 | $0.09 | $0.10 | $0.10 | $0.11 | $0.12 | $0.12 | $0.12 |
| Ações em Circulação (Básicas) | $18.9M | $18.5M | $17.9M | $17.4M | $17.1M | $17.1M | $17.1M | $17.1M | $16.8M | $16.5M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 7.13% |
| Retorno sobre capital investido | 15.13% |
| Retorno sobre ativos | 0.58% |
| Margem bruta | 67.45% |
| Margem operacional | 11.59% |
| Margem líquida | 9.51% |
Saúde financeira
| Dívida / Patrimônio | 0.54 |
| Liquidez corrente | 5.31 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 30.83 | 23.06 | 9.37 | 12.00 | 11.59 | 9.41 | 8.95 | -16.20 | 12.76 | 9.38 |
| P/VP | 0.73 | 0.81 | 0.74 | 0.74 | 0.51 | 0.57 | 0.63 | 0.54 | 0.42 | 0.44 |
| P/V | 1.24 | 1.30 | 1.18 | 1.13 | 0.85 | 1.02 | 1.03 | 0.72 | 0.53 | 0.60 |
| Margem Bruta | 79.3% | 83.7% | 82.1% | 76.6% | 79.6% | 86.5% | 87.0% | 58.2% | 62.9% | 62.4% |
| Margem Operacional | 5.7% | 14.7% | 15.4% | 11.8% | 9.2% | 13.6% | 14.0% | -5.7% | 5.2% | 7.7% |
| Margem Líquida | 4.1% | 5.6% | 12.7% | 9.3% | 7.3% | 11.0% | 11.3% | -4.3% | 4.3% | 6.4% |