AmeriServ Financial (NASDAQ: ASRV) details earnings, capital and union-focused strategy

Q: What are AmeriServ Financial (ASRV) key balance sheet figures as of June 30, 2026?

AmeriServ reports $1.46 billion in total assets, $1.01 billion in total loans, $1.26 billion in total deposits and $123.1 million in shareholders’ equity. Tangible book value per share is $6.45 , based on figures presented in its investor materials.

Q: How does AmeriServ Financial (ASRV) describe its asset quality and credit risk?

The company states non‑performing loans were $7.8 million , or 0.76% of total loans, at June 30 2026. Its allowance for credit losses provided 167% coverage of non‑performing loans and 1.27% of total loans, with management citing a long‑term focus on disciplined underwriting.

Q: What capital and dividend strategy does AmeriServ Financial (ASRV) outline?

AmeriServ shows a Community Bank Leverage Ratio of 9.46% at June 2026, above new regulatory requirements. It targets a dividend payout ratio not exceeding 35% of net income and currently pays a quarterly common dividend of $0.03 per share, aiming to maintain that rate.

Q: How important is wealth management to AmeriServ Financial (ASRV)?

The wealth management division administers $2.8 billion in client assets and contributes to making non‑interest income about 28% of total revenue. It includes niche lines such as retirement services and trust business and benefits from a strategic alliance with Federated Hermes.

Q: How is AmeriServ Financial (ASRV) stock valued in the investor presentation?

The presentation notes the stock price increased by $1.22 , or 43% , since the prior annual meeting to $4.06 . At that price, shares are said to trade at 8.0x trailing 12‑month earnings and 63% of tangible book value, figures management characterizes as attractive.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

AmeriServ Financial, Inc. presents an investor update highlighting a $1.46 billion community bank franchise with $1.01 billion in loans, $1.26 billion in deposits and shareholders’ equity of $123.1 million as of June 30 2026. Tangible book value per share is $6.45, and the bank reports a stable core deposit base, no brokered deposits and a diversified commercial loan portfolio across several Pennsylvania and Maryland markets.

The presentation emphasizes improving profitability and margins, noting higher net interest income and a net interest margin rising to 3.34% in second-quarter 2026, alongside an efficiency ratio declining to 80.21%. Asset quality is described as improving: non‑performing loans total $7.8 million, or 0.76% of total loans, with an allowance covering 167% of non‑performing loans and 1.27% of total loans. Capital remains strong, with a Community Bank Leverage Ratio of 9.46% at June 2026, above new regulatory requirements. A profitable wealth management division oversees $2.8 billion in client assets and helps generate 28% of revenue from non‑interest income. The company describes a union‑focused strategy and a capital plan centered on a quarterly dividend of $0.03 per share, with the board planning to revisit share repurchases in the second half of 2026. The presentation also notes the stock price of $4.06, up 43% since the prior annual meeting, and trading at 8.0 times trailing 12‑month earnings and 63% of tangible book value.

Filing Explained

The July 23 8-K furnishes an investor presentation that the company made available on its website; it is not deemed filed for Section 18 liability and is not incorporated by reference unless specifically referenced, so this filing adds information rather than a completed issuer transaction.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total Assets: $1,457.1 million Total Loans: $1,014.1 million Total Deposits: $1,258.3 million +5 more

8 metrics

Total Assets $1,457.1 million As of June 30, 2026; financial highlights in millions except per-share data

Total Loans $1,014.1 million As of June 30, 2026; total loan portfolio across core markets

Total Deposits $1,258.3 million As of June 30, 2026; core deposit base with 20% market share in Cambria County

Tangible Book Value/Share $6.45 Tangible book value per share at June 30, 2026

Community Bank Leverage Ratio 9.46% ASRV Bank CBLR at June 2026, above new regulatory requirement effective 7/1/26

Non-performing Loans $7.8 million 0.76% of total loans with 167% allowance coverage at June 30, 2026

Wealth Management AUA $2.8 billion Customer assets under administration in the wealth management division

Quarterly Dividend $0.03 per share Current common dividend per share; board committed to maintaining this rate

Key Terms

Net interest margin, Provision for credit losses, Non-performing assets, Community Bank Leverage Ratio, +2 more

6 terms

Net interest margin financial

"Net Interest Margin 2.70% 2.74% 2.71% 2.88% 3.01% 3.10% 3.27% 3.23% 3.26% 3.34%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Provision for credit losses financial

"Provision for Credit Losses ($557) $434 ($50) $1,058 ($97) $3,133 $360 $724 $217 ($294)"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

Non-performing assets financial

"Non - Performing Assets $12,161 $12,817 $12,657 $13,657 $14,971 $16,419 $14,963 $8,518 $8,722 $8,380"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

Community Bank Leverage Ratio financial

"Community Bank Leverage Ratio 9.20% 9.12% 9.26% 9.32% 9.45% 9.46%"

Community bank leverage ratio is a regulatory measure that compares a bank’s core capital (its safety cushion) to the size of its balance sheet, showing what share of assets is backed by tangible equity rather than borrowed money. Investors use it like a health check: a higher ratio means the bank has more buffer to absorb losses, support lending and dividends, and face fewer regulatory limits, while a lower ratio signals greater risk.

Efficiency Ratio financial

"Efficiency Ratio 86.60% 100.33% 89.49% 84.71% 83.67% 80.71% 77.55% 84.14% 83.26% 80.21%"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

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Available on EDGAR 07/23/2026 - 04:47 PM Accepted by SEC EDGAR 07/23/2026 - 04:46 PM

FAQ

What are AmeriServ Financial (ASRV) key balance sheet figures as of June 30, 2026?

AmeriServ reports $1.46 billion in total assets, $1.01 billion in total loans, $1.26 billion in total deposits and $123.1 million in shareholders’ equity. Tangible book value per share is $6.45, based on figures presented in its investor materials.

How does AmeriServ Financial (ASRV) describe its asset quality and credit risk?

The company states non‑performing loans were $7.8 million, or 0.76% of total loans, at June 30 2026. Its allowance for credit losses provided 167% coverage of non‑performing loans and 1.27% of total loans, with management citing a long‑term focus on disciplined underwriting.

What capital and dividend strategy does AmeriServ Financial (ASRV) outline?

AmeriServ shows a Community Bank Leverage Ratio of 9.46% at June 2026, above new regulatory requirements. It targets a dividend payout ratio not exceeding 35% of net income and currently pays a quarterly common dividend of $0.03 per share, aiming to maintain that rate.

How important is wealth management to AmeriServ Financial (ASRV)?

The wealth management division administers $2.8 billion in client assets and contributes to making non‑interest income about 28% of total revenue. It includes niche lines such as retirement services and trust business and benefits from a strategic alliance with Federated Hermes.

What trends in net interest margin and deposit costs does ASRV highlight?

Management reports quarterly net interest income growth since late 2024 and a net interest margin reaching 3.34% in second‑quarter 2026. Average deposit balances have grown, while the total deposit cost declined to about 1.92%, with deposit costs described as having stabilized.

How is AmeriServ Financial (ASRV) stock valued in the investor presentation?

The presentation notes the stock price increased by $1.22, or 43%, since the prior annual meeting to $4.06. At that price, shares are said to trade at 8.0x trailing 12‑month earnings and 63% of tangible book value, figures management characterizes as attractive.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 23, 2026

AmeriServ Financial, Inc.

(exact name of registrant as specified in its charter)

Pennsylvania	0-11204	25-1424278
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

Main and Franklin Streets, Johnstown, PA	15901
(address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: 814-533-5300

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title Of Each Class		Trading Symbol		Name of Each Exchange On Which Registered
Common Stock		ASRV		The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01

Regulation FD Disclosure.

On July 23, 2026, AmeriServ Financial, Inc. (the “Company”) made available on its website an investor presentation regarding the Company, which presentation is furnished as Exhibit 99.1 attached hereto and is incorporated herein by reference.

The information contained in this Report, including Exhibit 99.1 attached hereto, is considered to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section. The information contained in this Report, including Exhibit 99.1 attached hereto, shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the ExchangeAct, except as expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits:

99.1	Investor Presentation ofAmeriServ Financial, Inc.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AMERISERV FINANCIAL, Inc.

Date: July 23, 2026	By	/s/ Jeffrey A. Stopko
		Jeffrey A. Stopko
		President, Chief Executive Officer and Chief Financial Officer

Exhibit 99.1

Investor Presentation July 2026

Jeffrey A. Stopko President Chief Executive Officer | Chief Financial Officer 2

3 Forward - Looking Statements This presentation contains various forward - looking statements and includes assumptions concerning the Company’s beliefs, plans, objectives, goals, expectations, anticipations, estimates, intentions, operations, future results, and prospects, including statements that include the words “ma y,” “could,” “should,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan” or similar expressions. These forward - looking statements are bas ed upon current expectations, are subject to risk and uncertainties and are applicable only as of the dates of such statements. Forward - looking statements involve risks, uncertai nties and assumptions. Although we do not make forward - looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Y ou should not put undue reliance on any forward - looking statements. These statements speak only as of the date of this presentation, even if subsequently made available on our website or otherwise, and we undertake no obligation to update or revise these statements to reflect events or circumstances occurring after the date of t his presentation. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company provides the following cautionary sta tem ent identifying important factors (some of which are beyond the Company’s control) which could cause the actual results or events to differ materially from those set fo rth in or implied by the forward - looking statements and related assumptions. Such factors include the following: (i) the effect of changing regional and national economic conditions; (ii) the effects of tr ade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve; (iii) significant changes in interest rates and prepayment speeds; ( iv) inflation, stock and bond market, and monetary fluctuations; (v) credit risks of commercial, real estate, consumer, and other lending activities; (vi) changes in federal an d s tate banking and financial services laws and regulations; (vii) the presence in the Company’s market area of competitors with greater financial resources than the Company ; ( viii) the timely development of competitive new products and services by the Company and the acceptance of those products and services by customers and regulators (when req uired); (ix) the willingness of customers to substitute competitors’ products and services for those of the Company and vice versa; (x) changes in consumer s pen ding and savings habits; (xi) unanticipated regulatory or judicial proceedings; and (xii) other external developments which could materially impact the Com pan y’s operational and financial performance. The foregoing list of important factors is not exclusive, and neither such list nor any forward - looking statement takes into acc ount the impact that any future acquisition may have on the Company and on any such forward - looking statement.

Net Income $7,072 $7,448 ($3,346) $3,601 $5,612 ($4,000) ($2,000) $0 $2,000 $4,000 $6,000 $8,000 2021 2022 2023 2024 2025 4 (Thousands)

$0.41 $0.43 ($0.20) $0.21 $0.34 ($0.20) ($0.10) $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 2021 2022 2023 2024 2025 Earnings Per Common Share 5

Net Interest Income $39,083 $40,563 $36,020 $36,048 $42,263 $25,000.00 $35,000.00 $45,000.00 2021 2022 2023 2024 2025 6 (Thousands)

Net Interest Margin % 3.15% 3.27% 2.86% 2.81% 3.15% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 2021 2022 2023 2024 2025 7

Total Average Loans $989 $978 $997 $1,038 $1,061 $600 $700 $800 $900 $1,000 $1,100 2021 2022 2023 2024 2025 8 (Millions)

Total Average Deposits $1,154 $1,156 $1,154 $1,169 $1,236 $700 $800 $900 $1,000 $1,100 $1,200 $1,300 2021 2022 2023 2024 2025 9 (Millions)

Provision for Credit Losses vs. Net Charge - Offs $0 $2,000 $4,000 $6,000 $8,000 2021 2022 2023 2024 2025 $1,100 $50 $7,429 $884 $4,120 $47 $1,705 $3,457 $2,022 $4,893 10 (Thousands)

Non - Performing Assets from the Loan Portfolio $3,323 $5,200 $12,393 $13,657 $8,518 $0 $3,000 $6,000 $9,000 $12,000 $15,000 2021 2022 2023 2024 2025 11 (Thousands)

Non - Interest Revenue $17,761 $16,692 $16,389 $17,975 $16,989 $12,000 $14,000 $16,000 $18,000 $20,000 2021 2022 2023 2024 2025 12 (Thousands)

Non - Interest Expense $46,970 $48,004 $49,368 $48,740 $48,336 $44,000 $46,000 $48,000 $50,000 2021 2022 2023 2024 2025 13 (Thousands)

Branch Map Overview ▪ $1.46 Billion Community Bank Headquartered in Johnstown, PA ▪ 16 Retail Branches ▪ 2 Loan Production Offices ▪ Sizable Wealth Management Division with $2.8 Billion Customer Assets Under Administration ▪ Strategic alliance with Federated Hermes to broaden investment opportunities for Wealth Management Customers Financial Highlights as of 06/30/2026 ($ Millions except per share data) 14 Overview of AmeriServ Financial, Inc. 1,457.1 $ Total Assets 1,014.1 $ Total Loans 1,258.3 $ Total Deposits 123.1 $ Shareholders Equity 6.45 $ Tangible Book Value/Share ASRV NASDAQ Ticker Symbol 65.8 $ Market Cap ▪ Stable deposit base in core markets with 20% deposit market share in Cambria County ▪ Commercial Loan Portfolio well diversified in nearby, faster growing markets

Net Income/Loss $1,904 ($375) $1,183 $888 $1,908 ($282) $2,544 $1,442 $1,794 $2,738 ($1,000) $0 $1,000 $2,000 $3,000 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 15 (Thousands)

Earnings Per Share $0.11 ($0.02) $0.07 $0.05 $0.12 ($0.02) $0.15 $0.09 $0.11 $0.16 ($0.05) $0.00 $0.05 $0.10 $0.15 $0.20 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 16

Key Constituents We Manage For 17 AmeriServ Strategic Plan Shareholders Customers Employees Community

18 Create long - term value for our shareholders by: • Maintaining financially strong balance sheet • Appropriately managing risk • Improving earnings performance • Disciplined capital allocation AmeriServ Strategic Plan

Our Value Equation 19 Commercial Banking A profitable 125 - year - old community bank with $1.5 billion in total assets at 16 branches in Pennsylvania and Maryland. Union Focused Serves as the largest union bank in Pennsylvania with multiple union - specific products and services. Trust and Wealth Management A $2.8 billion Trust and Wealth Management operation with several distinct and profitable niche product lines.

Demand Deposits $162 Savings, NOW & Money Market $733 Certificates of Deposit $363 13% 58% 29% $1.258 Billion Deposit Composition ($mm) As of June 30, 2026 Financially Strong Balance Sheet 20

Residential Mortgage $172 Home Equity & Consumer $113 Commercial & Industrial $142 Commercial Real Estate $ 587 $1.014 B illion 72% Commercial / 28% Retail Non - Owner Occupied CRE / Total Capital Ratio: 342% 21 Loan Portfolio Composition ($mm) As of June 30, 2026

$254 35% $262 36% $100 14% $114 15% Johnstown Pittsburgh Hagerstown State College/Altoona Loan Total = $730 Million Financially Strong Balance Sheet 22 Commercial Loan Portfolio Diversification ($mm) As of June 30, 2026

Interest Rate Risk • Quarterly net interest income has shown good growth since the third quarter of 2024 • Effective balance sheet management has resulted in net interest margin improvement as the bank’s earning asset yield has increased while the cost of funds has decreased • Meaningful scheduled asset repricing projected to continue to benefit the net interest margin in the second half of 2026 and into 2027 as deposit costs have also stabilized Diligent Focus on Risk Management 23

Net Interest Income $8,747 $8,874 $8,888 $9,539 $9,930 $10,394 $11,007 $10,931 $10,828 $11,336 $6,000 $8,000 $10,000 $12,000 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 24 (Thousands)

Net Interest Margin 2.70% 2.74% 2.71% 2.88% 3.01% 3.10% 3.27% 3.23% 3.26% 3.34% 2.00% 2.50% 3.00% 3.50% 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 25

Average Deposits vs. Total Deposit Cost % 1,160 1,163 1,165 1,188 1,218 1,240 1,238 1,248 1,242 1,270 2.15% 2.21% 2.22% 2.13% 2.04% 2.07% 2.10% 2.03% 1.93% 1.92% 1.75% 2.00% 2.25% $975 $1,075 $1,175 $1,275 $1,375 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q Average Deposits Total Deposit Cost 26

27 Credit Risk • Asset quality trends have demonstrated improvement since the resolution of the Bank’s largest problem loan in the second quarter of 2025 • The Company has a longer - term history of disciplined underwriting, robust CRE risk management practices and controlled net loan charge - offs • Non - performing loans amounted to $7.8 million or 0.76% of total loans on June 30, 2026 • Have historically maintained solid allowance for credit losses which provided 167% coverage of non - performing loans and 1.27% of total loans on June 30, 2026 Diligent Focus on Risk Management

Provision for Credit Losses ($557) $434 ($50) $1,058 ($97) $3,133 $360 $724 $217 ($294) ($1,000) $0 $1,000 $2,000 $3,000 $4,000 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 28 (Thousands)

Non - Performing Assets $12,161 $12,817 $12,657 $13,657 $14,971 $16,419 $14,963 $8,518 $8,722 $8,380 $0 $3,000 $6,000 $9,000 $12,000 $15,000 $18,000 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 29 (Thousands)

Liquidity Risk • Stable diverse core deposit base generated in our local communities • Do not use brokered deposits as a funding source • Bank has experienced steady deposit growth over the past two years • High quality investment securities portfolio that has a manageable duration of approximately four years and outperforms peer on a yield basis 30 Diligent Focus on Risk Management

Insured Deposits Under $250,000 Public Funds that are Collateralized Uninsured Deposits 2 6 % 13% 6 1 % Financially Strong Balance Sheet 31 Analysis of Insured Deposits As of June 30, 2026

Mortgage Back Securities $193 Municipal Securities $51 Corporate Securities $48 17 % 16% 63% Financially Strong Balance Sheet 32 Investment Composition ($mm) As of June 30, 2026 5% Other $15 $307 Million

Trust & Wealth Management • Profitable division with good financial contribution to ASRV • Has several distinct and profitable niche product lines: ▪ Retirement Services, Personal Trust, Investment Management, ERECT Fund & Perpetual Care Services • Strategic alliance with Federated Hermes broadens investment opportunities for Wealth Management customers • The consulting agreement with large shareholder SB Value focuses on strengthening the revenue growth trajectory in Wealth Management, while also improving cost efficiencies to meaningfully increase the profit contribution from this important division 33

Non - Interest Income 28% Net Interest Income 72% ASRV generates more revenue from non - interest income than our peers due to our large wealth management division. Trust & Wealth Management Revenue Diversification Promotes Positive Operating Leverage 34

Wealth Management Revenue $3,266 $3,059 $3,051 $2,944 $2,865 $2,781 $2,849 $3,065 $2,859 $3,094 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 35 (Thousands)

• Wealth Management division is trustee for the $250 million ERECT FUND • ASRV Bank is a preferred mortgage and consumer loan provider for the Pennsylvania State Education Association ▪ Since inception we have originated $261 million of mortgage loans and $87 million of consumer loans • ASRV Bank has meaningful union deposit relationships • Commercial banking has financed several training centers for the building trades Union Focused Company 36 Existing Union Relationships that Generate Revenue

• Robust union business development program being driven by board members with deep ties to organized labor • Internal team comprised of both management and union employees whose focus is on expanding relationships with existing union customers and the identification of banking and wealth management opportunities with new unions • Goal is to expand our reach of union - specific products and services throughout Pennsylvania for the benefit of union members Union Focused Company 37 Future Business Opportunities

• Focus on growing EPS, book value and tangible book value per share through improved earnings. • Return capital to shareholders primarily through dividends. No share repurchases authorized at this time with the board expected to revisit this option in the second half of 2026. • Capital return strategies are always subject to maintaining sufficient capital to support balance sheet growth. • Given recent regulatory changes, we are evaluating utilizing the Community Bank Leverage Ratio as our key capital metric. Capital Allocation Strategies and Earnings Growth 38

Community Bank Leverage Ratio 9.20% 9.12% 9.26% 9.32% 9.45% 9.46% 7.00% 8.00% 9.00% 10.00% Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 CBLR - ASRV Bank Current Requirement New Requirement 7/1/26 39 ASRV Bank

Capital Allocation – Common Stock Dividends 40 • Common stock dividends provide shareholders with an ongoing cash return and a competitive dividend yield of approximately 3.0% based upon the current stock price • ASRV has demonstrated a longer - term pattern of responsible dividend increases which correlate well with the Company’s earnings power • The Company targets a dividend payout ratio not to exceed 35% of net income • The Board remains committed to maintaining the common dividend at the current quarterly rate of $0.03 per share

Common Dividend Per Share $0.010 $0.015 $0.020 $0.025 $0.030 $0.00 $0.01 $0.02 $0.03 $0.04 1Q '16 1Q '17 1Q '18 1Q '19 1Q '20 1Q '21 1Q '22 1Q '23 1Q '24 1Q '25 1Q '26 41

Efficiency Ratio 86.60% 100.33% 89.49% 84.71% 83.67% 80.71% 77.55% 84.14% 83.26% 80.21% 50% 60% 70% 80% 90% 100% 110% 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 42

Tangible Book Value Per Share $5.26 $5.45 $5.72 $5.66 $5.88 $5.89 $6.11 $6.39 $6.31 $6.45 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 1Q '24 2Q 3Q 4Q 1Q '25 2Q 3Q 4Q 1Q '26 2Q 43

• Since last year’s annual meeting our common stock price has increased by $1.22, or 43% outpacing the performance of the NASDAQ Community Bank Index • From a purchase standpoint, at the current price of $4.06, ASRV stock trades at attractive multiples of 8.0 times trailing 12 - month earnings and 63% of tangible book value Capital Allocation – ASRV Stock Price 44

Investor Presentation

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

EX-99.1 EXHIBIT 99.1 35.8 KB