Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 4

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 4
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” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates,” “believes,” “expects,” “future,” “intends,” “plans,” “targets,” and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties, and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements. The risks, uncertainties, and other unpredictable or uncontrollable factors are described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including under the heading “Forward Looking Statements” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and its subsequent filings with the SEC, which are available on the SEC’s website at www.sec.gov. In light of these risks, uncertainties, and other factors, the forward-looking matters discussed in this proxy statement may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this proxy statement and the Company undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this proxy statement, except as may be required by law.

1

Websites Website addresses referenced in this proxy statement are provided for convenience only, and the content on the referenced websites does not constitute a part of this proxy statement. FIRST QUARTER 2025 FINANCIAL UPDATE AND SHAREHOLDER ENGAGEMENT INITIATIVES The Company’s 2024 Annual Report and Annual Report on Form 10-K for the year ended December 31, 2024 are included in this proxy mailing package. These documents provide a thorough review of the Company’s 2024 financial performance along with business line updates and discussion regarding the Company’s strategic direction. Since the Company’s first quarter 2025 Earnings Release and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 have also recently been filed, we thought that it was appropriate to provide some summary comments regarding our more current financial performance. The Company reported net income of $1.9 million or $0.12 earnings per share (“EPS”) for the first quarter of 2025. The net income level was comparable with the first quarter of 2024 while EPS improved by 9.