Lake Shore Bancorp, Inc. Announces 2024 First Quarter Financial Results
Lake Shore Bancorp, Inc. (LSBK)
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4108493
Company Research
Source: GlobeNewswire
DUNKIRK, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.0 million, or $0.17 per diluted share, for the 2024 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter. Net income decreased $670,000, or 39.8%, when compared to the 2023 first quarter and was negatively impacted by a decrease in net interest income and the period-over-period change in the provision for credit losses. These changes were partially offset by a decrease in non-interest expense and an increase in non-interest income primarily as a result of a bank-owned life insurance restructure which took place during the fourth quarter of 2023. “I am pleased with our first quarter 2024 earnings as we continue to transition from regulatory matters to more customer driven performance,” stated Kim Liddell, President, CEO, and
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News
- Lake Shore Bancorp, Inc. Declares First Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
- Lake Shore Bancorp, Inc. Declares First Quarter 2024 DividendGlobeNewswire
- Lake Shore Bancorp First Quarter 2024 Earnings: EPS: US$0.17 (vs US$0.29 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Lake Shore Bancorp, Inc. Announces 2024 First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
LSBK
Sec Filings
- 4/29/24 - Form 4
- 4/25/24 - Form 8-K
- 4/25/24 - Form 4/A
- LSBK's page on the SEC website