---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006119"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:59:23.870714+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AmeriServ Financial Q1 net income falls 37% to $1.5M; EPS $0.09

## Summary
- Net income $1.515M ($0.09 diluted EPS) vs $2.418M ($0.14) in Q1 2022, down 37.3%.
- Provision for credit losses expense $1.179M including $926K loss on Signature Bank subordinated debt.
- Non-interest income up $1.2M (27.0%) on $1.7M gain from sale of Visa Class B shares.
- Deposits grew $23.3M (2.1%) on an end-of-period basis since Dec 31, 2022; loan-to-deposit ratio 85.8%.
- Non-interest expense up $484K (4.2%) including $599K in costs related to ongoing proxy contest.

## SEC filing metadata
- accession: 0001558370-23-006119
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000155837023006119/0001558370-23-006119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837023006119/tmb-20230418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006119
- JSON: https://secwatch.observer/filing/0001558370-23-006119.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006119.txt

## Key facts
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported first quarter 2023 results: net income $1,515,000, EPS $0.09 per diluted common share.
  - Period: first quarter 2023
  - Net income: $1,515,000
  - EPS: $0.09 per diluted common share
  - Result: reported results
  source text: A M ERI S ERV F IN A NCIAL R EPO R TS FIRST QUARTER 2023 EARNINGS ​ JOHN S TO W N, P A - A m er iS er v F i n a n c i a l , I n c . ( NA S DAQ: A SR V) r e p o r t e d first qu ar t e r 2023 n e t i n c o m e of $1,515,000, or $0.09 p e r d il u t e d c o mm on sh are .
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023006119/0001558370-23-006119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.