---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000427"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:17:38.117216+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AmeriServ Q4 net loss $5.3M ($0.31); provision $6M on Rite Aid; FY loss $3.3M

## Summary
- Q4 net loss $5.321M ($0.31 per diluted share) vs Q4 2022 net income $947K ($0.06).
- Full year 2023 net loss $3.346M ($0.20) vs net income $7.448M ($0.43) in 2022.
- Provision for credit losses surged to $6.0M in Q4 from $275K a year ago; Rite Aid bankruptcy caused ~$2.8M charge-offs on CRE loans.
- Recognized $922K loss on sale of $16.8M AFS securities (avg yield 3.1%) to reinvest at 5.2%; expects $325K extra interest income in 2024.
- Board declared $0.03 quarterly dividend (3.87% annualized yield), payable Feb 20 to holders of record Feb 5.

## SEC filing metadata
- accession: 0001558370-24-000427
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000155837024000427/0001558370-24-000427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837024000427/tmb-20240123x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000427
- JSON: https://secwatch.observer/filing/0001558370-24-000427.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000427.txt

## Key facts
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported full year 2023 results: net income $(3,346,000), EPS $(0.20).
  - Period: full year 2023
  - Net income: $(3,346,000)
  - EPS: $(0.20)
  - Result: reported results
  source text: For the year ended December 31, 2023, the Company reported a net loss of $3,346,000, or $0.20 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837024000427/0001558370-24-000427-index.htm
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported full year 2022 results: net income $7,448,000, EPS $0.43.
  - Period: full year 2022
  - Net income: $7,448,000
  - EPS: $0.43
  - Result: reported results
  source text: This compares to net income of $7,448,000, or $0.43 per diluted common share, for the full year of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837024000427/0001558370-24-000427-index.htm

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