Lake Shore Bancorp adopts plan of conversion and reorganization
Conversion Plan: Lake Shore Bancorp's parent mutual holding company, Lake Shore, MHC, has adopted a plan to convert from a mutual holding company structure to a stock holding company structure, seeking regulatory approval to become a New York-chartered commercial bank.
Share Offering: The conversion will involve the establishment of a new stock holding company that will offer shares representing Lake Shore, MHC’s ownership interest to depositors, with the transaction expected to be completed by the third quarter of 2025.
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Lake Shore Bancorp (LSBK) Reports Q4 Earnings Growth to $1.93 Million
- Earnings Growth: Lake Shore Bancorp reported fourth-quarter earnings of $1.93 million, or $0.26 per share, which is a significant increase from last year's $1.47 million and $0.19 per share, indicating improved profitability.
- Revenue Increase: The company's revenue rose by 13.9% year-over-year to $7.30 million, up from $6.41 million last year, reflecting enhanced business expansion and market demand.
- Financial Performance: Both earnings per share and total revenue showed significant improvement compared to the previous year, demonstrating the company's ability to maintain strong growth in a competitive financial market.
- Market Outlook: This growth in earnings and revenue lays a solid foundation for the company's future strategic development, potentially attracting more investor interest in its stock performance.
Lake Shore Bancorp (LSBK) Reports Q4 GAAP EPS of $0.26 with 13.9% Revenue Growth
- Earnings Highlight: Lake Shore Bancorp reported a Q4 GAAP EPS of $0.26, indicating stable profitability and reflecting the company's competitive position in the market.
- Revenue Growth: The company achieved Q4 revenue of $7.3 million, a 13.9% year-over-year increase, primarily driven by strong performance in loan and deposit activities, showcasing expansion in its customer base and market share.
- Market Reaction: Following the earnings release, market interest in Lake Shore Bancorp has increased, enhancing investor confidence in its future growth potential, which may positively impact its stock price.
- Strategic Outlook: The company remains focused on enhancing business growth and customer service, with expectations to drive future revenue growth through further market expansion and product innovation, strengthening its position in the financial services industry.
Lake Shore Bancorp Reports $7.3M Net Income for 2025, Up 47.4%
- Net Income Growth: Lake Shore Bancorp reported a net income of $1.9 million in Q4 2025, a 31.7% increase year-over-year, with a total net income of $7.3 million for the year, reflecting a 47.4% growth compared to 2024, indicating effective strategic execution and enhanced profitability.
- Interest Income Increase: The bank's net interest income reached $6.6 million in Q4 2025, up 24% from the same period in 2024, primarily driven by increased loan yields and higher average yields on interest-earning assets, further solidifying the bank's financial stability.
- Improved Asset Quality: As of December 31, 2025, non-performing assets as a percentage of total assets decreased to 0.23%, down 55.8% from 2024, reflecting effective credit management and risk control measures that bolster investor confidence.
- Strong Capital Ratios: Lake Shore Bancorp maintained a Tier 1 Leverage ratio of 16.65% and a Total Risk-Based Capital ratio of 23.51% as of 2025, demonstrating a robust capital structure that provides a solid foundation for future business expansion.
Lake Shore Bancorp Reports $7.3M Net Income for 2025, Up 47.4%
- Net Income Growth: Lake Shore Bancorp reported a net income of $1.9 million in Q4 2025, a 31.7% increase, reflecting the effectiveness of its strategies and likely boosting investor confidence.
- Interest Income Increase: For the year 2025, net interest income reached $24.6 million, up 16.6% from 2024, primarily driven by improved loan yields, further solidifying the company's financial foundation.
- Asset Quality Improvement: As of December 31, 2025, non-performing assets as a percentage of total assets decreased to 0.23%, down 55.8% from 2024, indicating effective credit management that helps reduce risk and enhance market competitiveness.
- Strong Capital Ratios: Lake Shore Bank's Tier 1 Leverage ratio stood at 16.65% as of 2025, demonstrating a robust capital structure that supports future business expansion and risk management capabilities.
Lake Shore Bancorp, Inc. Announces Dividend Declaration
Dividend Announcement: Lake Shore Bancorp declared a cash dividend of $0.09 per share on its common stock, to be paid on November 12, 2025, to stockholders of record as of November 3, 2025.
Company Overview: Lake Shore Bancorp is the holding company for Lake Shore Bank, a community-oriented financial institution based in Dunkirk, New York, with ten branch locations in Western New York.
Forward-Looking Statements: The release includes forward-looking statements regarding the company's expectations and projections, which are subject to various risks and uncertainties that could affect future performance.
Contact Information: For further inquiries, Kim C. Liddell, President and CEO, can be contacted at Lake Shore Bancorp's office in Dunkirk, New York.
Lake Shore Bancorp, Inc. Reports Increased Earnings in Q3
Third Quarter Profit Increase: Lake Shore Bancorp, Inc. reported a profit of $2.35 million for the third quarter, up from $1.33 million in the same period last year.
Earnings Per Share Growth: The earnings per share (EPS) rose to $0.32, compared to $0.18 in the previous year.
Revenue Growth: The company's revenue increased by 18.0% to $6.35 million, up from $5.38 million last year.
Earnings Summary: Key earnings figures include $2.35 million in earnings, $0.32 EPS, and $6.35 million in revenue for the current quarter.
Lake Shore Bancorp (LSBK) Reports Q4 Earnings Growth to $1.93 Million
- Earnings Growth: Lake Shore Bancorp reported fourth-quarter earnings of $1.93 million, or $0.26 per share, which is a significant increase from last year's $1.47 million and $0.19 per share, indicating improved profitability.
- Revenue Increase: The company's revenue rose by 13.9% year-over-year to $7.30 million, up from $6.41 million last year, reflecting enhanced business expansion and market demand.
- Financial Performance: Both earnings per share and total revenue showed significant improvement compared to the previous year, demonstrating the company's ability to maintain strong growth in a competitive financial market.
- Market Outlook: This growth in earnings and revenue lays a solid foundation for the company's future strategic development, potentially attracting more investor interest in its stock performance.
Lake Shore Bancorp (LSBK) Reports Q4 GAAP EPS of $0.26 with 13.9% Revenue Growth
- Earnings Highlight: Lake Shore Bancorp reported a Q4 GAAP EPS of $0.26, indicating stable profitability and reflecting the company's competitive position in the market.
- Revenue Growth: The company achieved Q4 revenue of $7.3 million, a 13.9% year-over-year increase, primarily driven by strong performance in loan and deposit activities, showcasing expansion in its customer base and market share.
- Market Reaction: Following the earnings release, market interest in Lake Shore Bancorp has increased, enhancing investor confidence in its future growth potential, which may positively impact its stock price.
- Strategic Outlook: The company remains focused on enhancing business growth and customer service, with expectations to drive future revenue growth through further market expansion and product innovation, strengthening its position in the financial services industry.
Lake Shore Bancorp Reports $7.3M Net Income for 2025, Up 47.4%
- Net Income Growth: Lake Shore Bancorp reported a net income of $1.9 million in Q4 2025, a 31.7% increase year-over-year, with a total net income of $7.3 million for the year, reflecting a 47.4% growth compared to 2024, indicating effective strategic execution and enhanced profitability.
- Interest Income Increase: The bank's net interest income reached $6.6 million in Q4 2025, up 24% from the same period in 2024, primarily driven by increased loan yields and higher average yields on interest-earning assets, further solidifying the bank's financial stability.
- Improved Asset Quality: As of December 31, 2025, non-performing assets as a percentage of total assets decreased to 0.23%, down 55.8% from 2024, reflecting effective credit management and risk control measures that bolster investor confidence.
- Strong Capital Ratios: Lake Shore Bancorp maintained a Tier 1 Leverage ratio of 16.65% and a Total Risk-Based Capital ratio of 23.51% as of 2025, demonstrating a robust capital structure that provides a solid foundation for future business expansion.
Lake Shore Bancorp Reports $7.3M Net Income for 2025, Up 47.4%
- Net Income Growth: Lake Shore Bancorp reported a net income of $1.9 million in Q4 2025, a 31.7% increase, reflecting the effectiveness of its strategies and likely boosting investor confidence.
- Interest Income Increase: For the year 2025, net interest income reached $24.6 million, up 16.6% from 2024, primarily driven by improved loan yields, further solidifying the company's financial foundation.
- Asset Quality Improvement: As of December 31, 2025, non-performing assets as a percentage of total assets decreased to 0.23%, down 55.8% from 2024, indicating effective credit management that helps reduce risk and enhance market competitiveness.
- Strong Capital Ratios: Lake Shore Bank's Tier 1 Leverage ratio stood at 16.65% as of 2025, demonstrating a robust capital structure that supports future business expansion and risk management capabilities.
Lake Shore Bancorp, Inc. Announces Dividend Declaration
Dividend Announcement: Lake Shore Bancorp declared a cash dividend of $0.09 per share on its common stock, to be paid on November 12, 2025, to stockholders of record as of November 3, 2025.
Company Overview: Lake Shore Bancorp is the holding company for Lake Shore Bank, a community-oriented financial institution based in Dunkirk, New York, with ten branch locations in Western New York.
Forward-Looking Statements: The release includes forward-looking statements regarding the company's expectations and projections, which are subject to various risks and uncertainties that could affect future performance.
Contact Information: For further inquiries, Kim C. Liddell, President and CEO, can be contacted at Lake Shore Bancorp's office in Dunkirk, New York.
Lake Shore Bancorp, Inc. Reports Increased Earnings in Q3
Third Quarter Profit Increase: Lake Shore Bancorp, Inc. reported a profit of $2.35 million for the third quarter, up from $1.33 million in the same period last year.
Earnings Per Share Growth: The earnings per share (EPS) rose to $0.32, compared to $0.18 in the previous year.
Revenue Growth: The company's revenue increased by 18.0% to $6.35 million, up from $5.38 million last year.
Earnings Summary: Key earnings figures include $2.35 million in earnings, $0.32 EPS, and $6.35 million in revenue for the current quarter.
