AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2023

JOHNSTOWN, Pa., July 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2023 net loss of $187,000, or $0.01 per diluted common share.  This earnings performance was a $2,168,000, or 109.4%, decrease from the second quarter of 2022 when net income totaled $1,981,000, or $0.12 per diluted common share.  For the six-month period ended June 30, 2023, the Company reported net income of $1,328,000, or $0.08 per diluted common share.  This represents a 69.2% decrease in earnings per share from the six-month period of 2022 when net income totaled $4,399,000, or $0.26 per diluted common share.  The following table highlights the Company's financial performance for both the three- and six-month periods ended June 30, 2023, and 2022: 

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