---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005154"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:28:56.412443+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AmeriServ Financial Q1 2024 net income $1.9M ($0.11 EPS), up 25.7% YoY

## Summary
- Net income $1.904M, diluted EPS $0.11, vs $1.515M ($0.09) in Q1 2023, a 25.7% increase.
- Net interest margin 2.70%, down 33 bps YoY but up 7 bps from Q4 2023, reversing five-quarter decline.
- Provision for credit losses recovery of $557,000 vs $1.179M expense in Q1 2023, a favorable swing of $1.7M.
- Wealth management fees rose 19.3% to record level; assets under management $2.6B, up 10.6% YoY.
- Non-interest expense down 0.8% YoY; professional fees decreased 23.4% due to lower legal and activist costs.

## SEC filing metadata
- accession: 0001558370-24-005154
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/707605/000155837024005154/0001558370-24-005154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837024005154/asrv-20240416x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005154
- JSON: https://secwatch.observer/filing/0001558370-24-005154.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005154.txt

## Key facts
- Earnings Releases
  AMERISERV FINANCIAL INC /PA/ reported first quarter 2024 results: net income $1,904,000, EPS $0.11 per diluted common share.
  - Period: first quarter 2024
  - Net income: $1,904,000
  - EPS: $0.11 per diluted common share
  - Result: reported results
  source text: AMERISERV FINANCIAL, Inc. (the "Registrant") announced first quarter 2024 results through March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000155837024005154/0001558370-24-005154-index.htm

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