Earnings ·
Lake Shore Bancorp reports Q3 net income of $2.3M, or $0.31 per diluted share
LSBKLake Shore Bancorp, Inc.
Lake Shore Bancorp reported unaudited third-quarter 2026 net income of $2.3 million, or $0.31 per diluted share, a slight decrease from $2.4 million, or $0.32 per diluted share, in the prior-year quarter. For the first nine months of 2026, net income rose to $6.4 million, or $0.87 per diluted share, compared to $5.3 million, or $0.70 per diluted share, in 2025. The quarterly decline was primarily due to a one-time death benefit on bank-owned life insurance recognized in the third quarter of 2025, which boosted prior-year non-interest income. Net interest income increased by 12.4% year-over-year to $7.1 million, driven by higher yields and loan balances, while net interest margin expanded to 4.17%. The company repurchased approximately 105,090 shares during the quarter at an average cost of $17.92 per share. Lake Shore Bancorp operates as a community bank holding company in Western New York.