| Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results |
DUNKIRK, N.Y., April 29, 2025 (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 $1.1 million, or $0.19 per diluted share, for the first quarter of 2025 compared to net income of $1.0 million, or $0.17 per diluted share, for the first quarter of 2024. The Company's financial performance for the first quarter of 2025 was positively impacted by an increase in net interest income along with a decrease in non-interest expenses because of efforts to optimize operating expenses while continuing to reduce its reliance on wholesale Federal Home Loan Bank of New York ("FHLBNY") funding by $6.3 million. |
globenewswire.com |
2025-04-29 21:27:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Declares Fourth Quarter 2024 Dividend |
DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders. |
globenewswire.com |
2025-01-27 18:00:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces Fourth Quarter 2024 and Year End Financial Results |
DUNKIRK, N.Y., Jan. 24, 2025 (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 $1.5 million, or $0.26 per diluted share, for the fourth quarter of 2024 compared to net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported unaudited net income of $4.9 million, or $0.88 per diluted share, as compared to $4.8 million, or $0.82 per diluted share for the year ended December 31, 2023. The Company's 2024 financial performance was positively impacted by a decrease in non-interest expenses as a result of efforts to optimize operating expenses while reducing its reliance on wholesale funding by $41.0 million. |
globenewswire.com |
2025-01-24 18:00:00 |
Czytaj oryginał (ang.) |
| Lake Shore Savings Bank Announces Termination of OCC Consent Order |
DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank (“Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. (“Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency (“OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the “Troubled Condition” status. |
globenewswire.com |
2024-12-03 18:25:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Declares Third Quarter 2024 Dividend |
DUNKIRK, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on October 23, 2024. The dividend is expected to be paid on November 8, 2024 to stockholders of record as of November 4, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) on September 30, 2024 to pay a cash dividend of $0.18 per share to its stockholders. |
globenewswire.com |
2024-10-24 20:30:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces Third Quarter 2024 Financial Results |
DUNKIRK, N.Y., Oct. 23, 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 $1.3 million, or $0.24 per diluted share, for the third quarter of 2024 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024, and $1.6 million, or $0.27 per diluted share, for the third quarter of 2023. The increase in net income during the third quarter of 2024 was primarily driven by an increase in net interest income and a reduction in non-interest expenses when compared to the previous quarter. For the first nine months of 2024, the Company reported unaudited net income of $3.5 million, or $0.62 per diluted share, as compared to $4.1 million, or $0.69 per diluted share, for the first nine months of 2023. During the first nine months of 2024, the Company repaid Federal Home Loan Bank of New York (“FHLBNY”) borrowings of $25.0 million and did not renew $16.0 million of brokered certificates of deposit (“CDs”) while growing organic deposits by 2.2%. |
globenewswire.com |
2024-10-23 20:44:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Declares Second Quarter 2024 Dividend |
DUNKIRK, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock. The dividend is expected to be paid on August 16, 2024 to stockholders of record as of August 12, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) on July 8, 2024 to pay a cash dividend of $0.18 per share to its stockholders. |
globenewswire.com |
2024-07-31 21:22:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces Second Quarter 2024 Financial Results |
DUNKIRK, N.Y., July 24, 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 $1.1 million, or $0.19 per diluted share, for the second quarter of 2024 compared to net income of $816,000, or $0.14 per diluted share, for the second quarter of 2023. For the first six months of 2024, the Company reported unaudited net income of $2.1 million, or $0.36 per diluted share, as compared to $2.5 million, or $0.43 per diluted share, for the first six months of 2023. The increase in net income during the second quarter of 2024 was primarily driven by a reduction in non-interest expense when compared to the second quarter of 2023. Furthermore, the Company reduced its reliance on wholesale funding by $23.0 million while growing organic deposits during the first half of 2024. |
globenewswire.com |
2024-07-24 22:22:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Declares First Quarter 2024 Dividend |
DUNKIRK, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced yesterday that it received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) to pay a cash dividend of $0.18 per share to its stockholders. |
globenewswire.com |
2024-04-26 14:24:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2024 First Quarter Financial Results |
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. |
globenewswire.com |
2024-04-22 14:22:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2023 Fourth Quarter and Year End Financial Results |
DUNKIRK, N.Y., Jan. 31, 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 $749,000, or $0.13 per diluted share, for the fourth quarter of 2023 compared to net income of $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported unaudited net income of $4.8 million, or $0.82 per diluted share, as compared to $5.7 million, or $0.97 per diluted share, for the year ended December 31, 2022. The Company's 2023 financial performance was negatively impacted by the Office of the Comptroller of the Currency's (the "OCC") regulatory action of February 2023 resulting in increased non-interest expense. |
globenewswire.com |
2024-01-31 19:17:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2023 Third Quarter Financial Results |
DUNKIRK, N.Y., Oct. 26, 2023 (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 $1.6 million, or $0.27 per diluted share, for the 2023 third quarter compared to net income of $1.8 million, or $0.30 per diluted share, for the 2022 third quarter. For the first nine months of 2023, the Company reported unaudited net income of $4.1 million, or $0.69 per diluted share, as compared to $4.5 million, or $0.77 per diluted share, for the first nine months of 2022. |
globenewswire.com |
2023-10-26 22:01:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp Appoints Taylor Gilden as Chief Financial Officer; Names Rachel Foley Chief Operating Officer |
Taylor Gilden (left) and Rachel Foley (right) DUNKIRK, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”), its wholly-owned subsidiary, Lake Shore Savings Bank (the “Bank”), and Lake Shore, MHC (the “MHC”), appointed Taylor Gilden as Chief Financial Officer (“CFO”) and Treasurer and Rachel Foley as Chief Operating Officer (“COO”) of the Company, the Bank, and the MHC. |
globenewswire.com |
2023-08-02 13:42:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2023 Second Quarter Financial Results |
DUNKIRK, N.Y., July 27, 2023 (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 $0.8 million, or $0.14 per diluted share, for the 2023 second quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2022 second quarter. For the first six months of 2023, the Company reported unaudited net income of $2.5 million, or $0.43 per diluted share, as compared to $2.7 million, or $0.47 per diluted share, for the first six months of 2022. |
globenewswire.com |
2023-07-27 21:09:00 |
Czytaj oryginał (ang.) |
| 8 Upcoming Dividend Increases |
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 7.1% and a median increase of 4.8%. I've tracked 336 increases in 2022, 211 increases in Q1 2022, 107 in Q2, and 23 in Q3. |
seekingalpha.com |
2022-07-28 16:33:57 |
Czytaj oryginał (ang.) |
| 9 Upcoming Dividend Increases |
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. |
seekingalpha.com |
2021-07-29 18:48:25 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2021 Second Quarter and Year to Date Financial Results and Declares Dividend |
DUNKIRK, N.Y., July 26, 2021 (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 second quarter of 2021 compared to net income of $1.4 million, or $0.23 per diluted share, for the second quarter of 2020. For the first six months of 2021, the Company reported unaudited net income of $2.7 million, or $0.45 per diluted share, as compared to $2.1 million, or $0.35 per diluted share, for the first six months of 2020. |
globenewswire.com |
2021-07-26 15:52:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces 2021 First Quarter Financial Results and Declares Dividend |
DUNKIRK, N.Y., April 28, 2021 (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 $1.7 million, or $0.29 per diluted share, for the first quarter of 2021 compared to net income of $731,000, or $0.12 per diluted share, for the first quarter of 2020. |
globenewswire.com |
2021-04-28 18:38:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces Fourth Quarter 2020 Dividend |
DUNKIRK, N.Y., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced that the Company's Board of Directors approved a $0.13 per share cash dividend on its common stock, payable on March 15, 2021, to shareholders of record as of February 26, 2021. Based on the Company's closing stock price of $13.50 on February 3, 2021, the implied dividend yield for the Company's common stock is currently 3.85%. |
globenewswire.com |
2021-02-05 19:01:00 |
Czytaj oryginał (ang.) |
| Lake Shore Bancorp, Inc. Announces Full Year 2020 and Fourth Quarter Financial Results |
DUNKIRK, N.Y., Jan. 29, 2021 (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 $1.24 million, or $0.21 per diluted share, for the fourth quarter of 2020 compared to net income of $1.17 million, or $0.20 per diluted share, for the fourth quarter of 2019. For the year ended December 31, 2020, the Company reported unaudited net income of $4.6 million, or $0.77 per diluted share, as compared to $4.1 million, or $0.68 per diluted share, for the year ended December 31, 2019. |
globenewswire.com |
2021-01-29 15:26:00 |
Czytaj oryginał (ang.) |
| Beese Fulmer Investment Management Inc. Purchases New Position in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) |
Beese Fulmer Investment Management Inc. purchased a new stake in Lake Shore Bancorp, Inc. (NASDAQ:LSBK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,781 shares of the savings and loans company’s stock, valued at approximately $72,000. Beese Fulmer Investment Management Inc. owned approximately […] |
thelincolnianonline.com |
2020-07-19 12:32:41 |
Czytaj oryginał (ang.) |
| U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.23% |
U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.23% |
investing.com |
2020-07-17 04:00:00 |
Czytaj oryginał (ang.) |
| Reviewing Lake Shore Bancorp (NASDAQ:LSBK) & TRINITY BK N A/SH (NASDAQ:TYBT) |
Lake Shore Bancorp (NASDAQ:LSBK) and TRINITY BK N A/SH (OTCMKTS:TYBT) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation and institutional ownership. Insider & Institutional Ownership 8.3% of Lake Shore Bancorp shares are held […] |
thelincolnianonline.com |
2020-06-20 05:20:51 |
Czytaj oryginał (ang.) |