secwatch.observer — SEC 8-K summary
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Issuer:     AMERISERV FINANCIAL INC /PA/ (ASRV)
CIK:        0000707605
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001558370-24-013435
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AmeriServ Q3 net income jumps 83% to $0.07/share; declares $0.03 dividend
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- Q3 2024 net income $1.18M ($0.07 EPS) vs $0.65M ($0.04) YoY, up 83%.
- Nine-month 2024 net income $2.71M ($0.16 EPS) vs $1.98M ($0.12) YoY, up 37%.
- Net interest margin stable at 2.71%; provision for credit losses recovery of $51K in Q3.
- Board declared $0.03 quarterly dividend payable Nov 18, record Nov 4; 4.01% annualized yield.
- Wealth management fees rose 7.2% in Q3; assets under management reached $2.6B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707605/000155837024013435/0001558370-24-013435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707605/000155837024013435/asrv-20241022x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013435

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