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.
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.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) announced a cash dividend of $0.16 per share on February 11, 2022, payable on March 17, 2022, to shareholders of record by February 24, 2022. With a closing stock price of $14.86, this results in an implied dividend yield of 4.31%. Additionally, members of Lake Shore, MHC approved a waiver for dividend rights for the next 12 months, allowing better resource utilization for community banking needs. The waiver received over 96.1% approval from voting members.
Lake Shore Bancorp (NASDAQ: LSBK) reported a fourth quarter 2021 net income of $1.8 million ($0.31/share), reflecting a 46.0% increase from Q4 2020. For 2021, net income totaled $6.2 million ($1.05/share), up 35.8% from 2020. Key highlights include a 4.1% rise in total assets to $714.1 million, and total deposits increased by 6.0% to $593.7 million. Cash dividends rose by 10.2% to $0.54/share. However, non-performing loans rose to 1.86% of total net loans from 0.59% in 2020.
Lake Shore Bancorp reported a net income of $1.7 million, or $0.29 per diluted share, for Q3 2021, marking a 37.4% increase from Q3 2020. Year-to-date, net income reached $4.4 million, a 31.9% increase. Key highlights include a 5.6% growth in total deposits, totaling $591.8 million, and a 3.4% increase in total assets to $709.3 million. The Company declared a quarterly dividend of $0.14 per share. Improvements were noted in net interest income, driven by an increase in interest-earning assets, although non-interest expenses rose due to technology upgrades.
Lake Shore Bancorp reported Q2 2021 unaudited net income of $1.0 million ($0.17/share), a 26.6% decrease from $1.4 million ($0.23/share) in Q2 2020. Year-to-date net income is $2.7 million ($0.45/share), up 28.6% from $2.1 million ($0.35/share) in 2020. Total assets rose 3.6% to $710.9 million. Loans net increased 4.2% to $546.4 million, while non-performing loans decreased to 0.47%. The company declared a quarterly dividend of $0.14 per share, yielding 3.8%. Increased non-interest expenses affected Q2 results, mainly due to a core processing system upgrade.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) reported a strong first quarter of 2021, achieving a net income of $1.7 million, or $0.29 per diluted share, a 130.9% increase from $731,000, or $0.12 per diluted share, in Q1 2020. Key highlights include a 2.7% growth in loans, reaching $538.2 million, and a 4.0% increase in total deposits, totaling $582.6 million. Non-interest income surged 80.2% to $820,000, largely due to unrealized gains and loan sales. The company also declared a quarterly cash dividend of $0.13 per share.
Lake Shore Bancorp (NASDAQ: LSBK) announced a cash dividend of $0.13 per share, payable on March 15, 2021, to shareholders of record as of February 26, 2021. With the stock's closing price of $13.50 on February 3, the implied yield is 3.85%. Additionally, a proposal was approved for Lake Shore, MHC to waive its right to receive dividends for the next year, aiming to preserve capital to meet customer needs. The MHC holds about 62.5% of the company’s stock.
Lake Shore Bancorp reported a net income of $1.24 million for Q4 2020, up 6.1% from Q4 2019, and $4.6 million for the full year, marking an 11.5% growth year-over-year. Total assets increased by 12.3% to $686.2 million, with total deposits rising 15.9% to $560.3 million. The provision for loan losses was $1.6 million, reflecting economic uncertainties due to COVID-19. The company maintained a sustainable capital position, ending the year with an EPS growth of 13.2% and a book value of $14.75.
Lake Shore Bancorp, Inc. (NASDAQ: LSBK) reported third-quarter 2020 net income of $1.23 million, or $0.21 per diluted share, up from $1.21 million, or $0.20 per diluted share in Q3 2019. For the first nine months, net income rose to $3.3 million, or $0.56 per diluted share, from $2.9 million, or $0.48 per diluted share in 2019. Total assets increased by 11.8% to $682.7 million, with total deposits growing 14.9% to $555.5 million. The Company declared a quarterly dividend of $0.13 per share, reflecting a 4.1% yield.
Lake Shore Bancorp reported a net income of $1.4 million ($0.23 per diluted share) for Q2 2020, up from $805,000 ($0.13 per diluted share) in Q2 2019. Year-to-date, net income reached $2.1 million ($0.35 per diluted share), improving from $1.7 million ($0.28 per diluted share) in the same period of 2019. The bank originated 245 SBA PPP loans totaling $26.2 million, supporting over 3,300 jobs. Total assets increased to $677.8 million, while deposits rose by 13.9% to $550.5 million due to PPP funds. A $0.12 dividend was declared, yielding 4.0%.