Welcome to our dedicated page for Lake Shore Bncop news (Ticker: LSBK), a resource for investors and traders seeking the latest updates and insights on Lake Shore Bncop stock.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) is the holding company for Lake Shore Bank, a New York-chartered, community-oriented financial institution headquartered in Dunkirk, New York. News about LSBK often reflects its role in the savings institutions segment of the finance and insurance sector and its focus on serving Western New York through ten full-service branch locations in Chautauqua and Erie counties.
The LSBK news feed features company-issued press releases and related disclosures that highlight key developments in its banking operations and corporate structure. Regular earnings announcements discuss net income, net interest income, net interest margin, non-interest income, non-interest expense, and credit quality, providing insight into how the bank manages deposits, loans, and funding sources. These releases often explain changes in interest income and interest expense, including the impact of loan yields, deposit costs, and borrowings from the Federal Home Loan Bank of New York.
Investors following Lake Shore Bancorp news will also see coverage of strategic corporate actions. In 2025, the company reported a second step conversion from a mutual holding company structure to a fully public stock holding company structure, a related stock offering, and the bank’s conversion from a federal savings bank to a New York-chartered commercial bank. Additional news items include announcements of cash dividends on common stock and the authorization of a share repurchase plan covering up to a stated percentage of outstanding shares.
This page aggregates these updates so readers can review Lake Shore Bancorp’s reported financial results, capital and funding decisions, and corporate reorganization milestones in one place. For those tracking LSBK, the news stream offers a view into how the company describes its performance, balance sheet management, and community banking activities over time.
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Lake Shore Bancorp reported strong earnings for Q1 2023, with a net income of $1.7 million ($0.29 per diluted share), a significant increase of 58.7% from Q1 2022's $1.1 million ($0.18 per diluted share). The improvement was driven by a 15.1% rise in net interest income to $6.3 million and a decrease in provisions for credit losses. However, non-interest income fell by 24.3% to $554,000, primarily due to unrealized losses from interest rate swaps. Non-interest expenses increased 21.7% to $5.5 million, largely from legal and professional fees related to regulatory concerns. Total assets rose 4.3% year-to-date to $730.1 million, with an increase in deposits of $25.1 million.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) reported fourth quarter 2022 net income of $1.2 million ($0.20 per share), down 34.4% from $1.8 million ($0.31 per share) in Q4 2021. For the full year 2022, net income was $5.7 million ($0.97 per share), a decrease of 7.7% from $6.2 million ($1.05 per share) in 2021. The company saw a significant 10.9% growth in loans receivable, driven by commercial and residential real estate. Non-performing loans fell to 0.51% of total net loans. However, non-interest expenses increased by 29.8% in Q4 due to remediation costs tied to a formal agreement with regulators, impacting profitability.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) reported Q3 2022 net income of $1.8 million ($0.30 per diluted share), up 4.7% from Q3 2021. For the first nine months, net income climbed 3.3% to $4.5 million. Key drivers included a $508,000 increase in net interest income, totaling $6.3 million for Q3. Non-performing loans dropped to 0.53%, down from 1.86% at year-end 2021. Total assets decreased by 2.5% to $695.7 million, while stockholders' equity fell 11.2% to $78.2 million. The company declared a quarterly dividend of $0.18, yielding 5.4%.
Lake Shore Bancorp (NASDAQ: LSBK) reported a significant net income increase in Q2 2022, totaling $1.7 million ($0.29/share), up from $1.0 million ($0.17/share) in Q2 2021. First-half earnings reached $2.75 million ($0.47/share), a slight rise from $2.68 million ($0.45/share) in 2021. Key drivers included a 10.1% rise in net interest income and reduced loan loss provisions, despite increasing non-interest expenses. Non-performing loans dropped to 0.48%, enhancing asset quality. The board declared a $0.18 quarterly dividend, reflecting a yield of 5.2%. Total assets decreased by 2.7% to $694.5 million.
Lake Shore Bancorp reported a net income of $1.1 million ($0.18 per diluted share) for Q1 2022, down from $1.7 million ($0.29 per diluted share) in Q1 2021. Net interest income increased by 3.7% to $5.5 million, while net loans receivable grew 6.4% to $550.3 million. Total assets decreased 0.9% to $707.5 million, primarily due to reduced cash and cash equivalents. Non-interest income fell 10.7% to $732,000, influenced by rising interest rates. The company declared a quarterly cash dividend of $0.16 per share, reflecting a 4.4% dividend yield.