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Lake Shore Bancorp, Inc. - $LSBK STOCK NEWS

Welcome to our dedicated page for Lake Shore Bancorp news (Ticker: $LSBK), a resource for investors and traders seeking the latest updates and insights on Lake Shore Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lake Shore Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lake Shore Bancorp's position in the market.

Rhea-AI Summary

Lake Shore Bancorp, Inc. (LSBK) declared a cash dividend of $0.18 per share for the first quarter of 2024. The Federal Reserve Bank of Philadelphia approved the dividend, and also allowed the mutual holding company parent, Lake Shore, MHC, to waive cash dividends on its common stock up to $0.72 per share until April 2025. The dividend is set to be paid on May 10, 2024, to stockholders of record as of May 6, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.99%
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dividends earnings
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Rhea-AI Summary
Lake Shore Bancorp, Inc. reported unaudited net income of $1.0 million for the 2024 first quarter, a decrease of 39.8% compared to the same period in 2023. The company's net interest income decreased by 18.4%, while non-interest income increased by 27.6%. Total deposits went up by 0.6%, and stockholders' equity increased by 0.3%. The company's capital position remains strong, with a Tier 1 Leverage ratio of 13.05% and a Total Risk-Based capital ratio of 18.13%. Lake Shore Bancorp, Inc. approved a potential dividend of up to $0.72 per share over the next year, pending regulatory approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
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Rhea-AI Summary
Lake Shore Bancorp, Inc. reported unaudited net income of $749,000 for Q4 2023, a decrease of 37.2% compared to Q4 2022. Full-year net income was $4.8 million, down 15.5% from 2022. The company's financial performance was impacted by increased non-interest expenses due to regulatory action. Despite this, the bank's capital position remains strong, with a Tier 1 Leverage ratio of 12.68% and a Total Risk-Based capital ratio of 17.77% at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.19%
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Rhea-AI Summary
Lake Shore Bancorp reports Q3 net income of $1.6 million, a decrease of 11.3% compared to last year. Deposit competition remains fierce.
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Rhea-AI Sentiment
End-of-Day
-0.09%
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management
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Rhea-AI Summary
Lake Shore Bancorp, Inc. reported unaudited net income of $0.8 million for the 2023 second quarter, a decrease of 51.5% compared to the same period last year. Net interest income increased by 3.9% to $6.2 million during the second quarter, primarily due to an increase in the average yield earned on interest-earning assets. Total deposits increased by 2.1% since December 31, 2022. Non-interest expense increased by 28.9% to $5.9 million, primarily due to expenses associated with regulatory matters.
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Rhea-AI Sentiment
End-of-Day
-2.09%
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Rhea-AI Sentiment
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1.58%
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Rhea-AI Impact
Rhea-AI Sentiment
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1.09%
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dividends earnings
Lake Shore Bancorp, Inc.

Nasdaq:LSBK

LSBK Rankings

LSBK Stock Data

65.60M
1.69M
67.8%
8.97%
0.05%
Savings Institutions
Finance and Insurance
Link
United States of America
DUNKIRK

About LSBK

lake shore savings is a community oriented financial institution originally chartered as a savings and loan association in new york in 1891. we are dedicated to serving the financial needs of consumers and businesses within its market area. we are primarily engaged in the business of attracting deposits from the general public and using such funds to originate loans. emphasis is on the origination of loans secured by first mortgages on owner-occupied, residential real estate. other types of real estate loans, commercial loans and consumer loans are also offered. operations are conducted from eleven full service branch offices and eighteen atm’s. mission- at lake shore savings, “putting people first” means helping our customers, energizing our employees, respecting our shareholders, and serving the communities in our region! lake shore’s mission is to deliver outstanding customer service and financial assistance to customers, building lasting customer relationships, and assist customers