---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011946"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:19:50.769116+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AmeriServ Financial reports Q2 2023 net loss of $187K on activist costs; EPS -$0.01 vs +$0.12 YoY

## Summary
- Net loss $187K ($0.01 diluted EPS) in Q2 2023 vs net income $1.981M ($0.12) in Q2 2022; H1 net income $1.328M ($0.08) down 69.2% YoY.
- Legal/professional fees from activist proxy contest totaled $1.1M in Q2 and $1.7M in H1; Board slate elected, costs expected to decline.
- Net interest margin compressed to 2.89% in Q2 from 3.23% a year ago; deposit costs rose 131 bps to 1.61% in H1.
- Sold Visa Class B shares for $1.7M gain, boosting non-interest income; also recorded $926K loss on Signature Bank sub debt investment.
- Non-performing assets well-controlled at 0.57% of loans; allowance for credit losses covers 216% of NPAs.

## SEC filing metadata
- accession: 0001558370-23-011946
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000155837023011946/0001558370-23-011946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837023011946/tmb-20230718x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011946
- JSON: https://secwatch.observer/filing/0001558370-23-011946.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011946.txt

## Key facts
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported First six months of 2023 results: net income 1,328,000, EPS 0.08.
  - Period: First six months of 2023
  - Net income: 1,328,000
  - EPS: 0.08
  - Result: reported results
  source text: For the six-month period ended June 30, 2023, the Company reported net income of $1,328,000, or $0.08 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023011946/0001558370-23-011946-index.htm

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