---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009828"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:36:31.802855+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmeriServ reports Q2 net loss of $375K; activism costs weigh on results

## Summary
- Q2 2024 net loss of $375K ($0.02 per diluted share) vs net loss of $187K ($0.01) in Q2 2023.
- Activism defense costs of $1.3M in Q2 2024; settlement with Driver Opportunity Partners reached in June, no further costs expected.
- Net interest margin improved to 2.74% for Q2, up 11 bps from Q4 2023; net interest income down 2.6% YoY.
- Wealth management fees up 9.7% in Q2; total non-interest income up 13.2%.
- Book value per share rose 3.6% to $6.28; repurchased 628,003 shares from Driver at $2.38, accretive.

## SEC filing metadata
- accession: 0001558370-24-009828
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2024-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000155837024009828/0001558370-24-009828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000155837024009828/asrv-20240716x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009828
- JSON: https://secwatch.observer/filing/0001558370-24-009828.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009828.txt

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