---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016481"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:55:11.639441+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AmeriServ Financial Q3 net income down 69% to $0.04 EPS; activist costs weigh

## Summary
- Net income Q3 2023: $647K ($0.04 EPS) vs $2.1M ($0.12) in Q3 2022, down 69.2%.
- Nine-month net income $1.975M ($0.12 EPS) vs $6.5M ($0.38) in 2022, down 68.4%.
- Net interest margin compressed to 2.76% (Q3) from 3.35% in Q3 2022; interest expense up 205%.
- Non-interest expense up $1.9M in nine months, incl. $2.0M legal fees for activist investor defense.
- Total loans exceeded $1B for first time; deposits grew $20.8M since Dec 31, 2022.

## SEC filing metadata
- accession: 0001558370-23-016481
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2023-10-17T23:59:59+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/707605/000155837023016481/0001558370-23-016481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837023016481/tmb-20231017x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016481
- JSON: https://secwatch.observer/filing/0001558370-23-016481.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016481.txt

## Key facts
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported first nine months of 2022 results: net income $6,501,000, EPS $0.38.
  - Period: first nine months of 2022
  - Net income: $6,501,000
  - EPS: $0.38
  - Result: reported results
  source text: AMERISERV FINANCIAL, Inc. (the "Registrant") announced third quarter and first nine months of 2023 results through September 30, 2023. For a more detailed description of the announcement see the press release attached as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023016481/0001558370-23-016481-index.htm
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported third quarter 2023 results: net income $647,000, EPS $0.04.
  - Period: third quarter 2023
  - Net income: $647,000
  - EPS: $0.04
  - Result: reported results
  source text: AMERISERV FINANCIAL, Inc. (the "Registrant") announced third quarter and first nine months of 2023 results through September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023016481/0001558370-23-016481-index.htm
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported first nine months of 2023 results: net income $1,975,000, EPS $0.12.
  - Period: first nine months of 2023
  - Net income: $1,975,000
  - EPS: $0.12
  - Result: reported results
  source text: AMERISERV FINANCIAL, Inc. (the "Registrant") announced third quarter and first nine months of 2023 results through September 30, 2023. For a more detailed description of the announcement see the press release attached as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023016481/0001558370-23-016481-index.htm
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported third quarter 2022 results: net income $2,102,000, EPS $0.12.
  - Period: third quarter 2022
  - Net income: $2,102,000
  - EPS: $0.12
  - Result: reported results
  source text: AMERISERV FINANCIAL, Inc. (the "Registrant") announced third quarter and first nine months of 2023 results through September 30, 2023. For a more detailed description of the announcement see the press release attached as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837023016481/0001558370-23-016481-index.htm

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