AMERISERV FINANCIAL INC /PA/

AmeriServ Financial announced its 2026 Annual Meeting of Shareholders will be held virtually on July 23, 2026. Shareholders will vote on the election of three Class I directors, an advisory resolution on executive compensation, and the ratification of S.R. Snodgrass P.C. as the independent auditor. The company also reported Q1 2026 net income of $1.8 million ($0.11 EPS), a 6.0% decrease from Q1 2025, but noted positive operating leverage and an improved net interest margin.

AmeriServ Financial announced the retirement of Michael Lynch, Executive Vice President, CFO, CRO, and CIO, effective May 18, 2026. Following his departure, the company restructured his former position. Bettina Fochler was appointed Chief Risk Officer, while Tammie Slavick became Senior Vice President & Chief Investment Officer. Additionally, Jeffrey Stopko, the current President & CEO, assumed the responsibilities of Chief Financial Officer, a role he previously held, which is expected to generate meaningful cost savings.

AmeriServ Financial reported a net income of $1.79 million for Q1 2026, a decrease of 5.97% from $1.91 million in Q1 2025. Basic and diluted earnings per share were $0.11, down from $0.12 in the prior year. Net interest income increased by 9.03% to $10.83 million, while total non-interest income decreased by 3.74% and total non-interest expense rose by 5.06%. The company also declared a cash dividend of $0.03 per share.

AmeriServ Financial, Inc. reported a decrease in net income and diluted earnings per share for the first quarter of 2026 compared to the same period in 2025. Net income fell by 6.0% to $1,794,000, while diluted EPS dropped by 8.3% to $0.11. Additionally, the company's Board of Directors declared a quarterly cash dividend of $0.03 per common share.