Lake Shore Bancorp, Inc. Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Nine-month net income $6.4 million, up 20.1% year over year
- ➤Third-quarter net income $2.3 million, down 1.9% year over year
- ➤Third-quarter net interest margin 4.17%, up 45 basis points year over year
- ➤Third-quarter provision for credit losses increased $559,000 year over year
- ➤Repurchased 105,090 shares at an average $17.92 per share
Expert Statements
Kim C. Liddell, President and CEO of Lake Shore Bancorp, Inc.
“I am pleased with our third quarter results and our continued focus on core banking operations, expanding net interest margin, and disciplined expense management”
Kim C. Liddell, President and CEO of Lake Shore Bancorp, Inc.
“We aim to build on this momentum while preserving a strong capital position and supporting our customers, communities, and stockholders.”
DUNKIRK, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Bank (the “Bank”), reported unaudited net income of $2.3 million, or $0.31 per diluted share, for the third quarter of 2026 compared to net income of $2.4 million, or $0.32 per diluted share, for the third quarter of 2025. For the first nine months of 2026, unaudited net income was $6.4 million, or $0.87 per diluted share, versus $5.3 million, or $0.70 per diluted share, in 2025. Higher net interest income benefited third-quarter and nine-month 2026 results, partly offset by a higher provision for credit losses. The modest year-over-year decline in third-quarter net income and diluted earnings per share primarily was attributed to two one-time, nonrecurring, non-interest income events recognized in third-quarter 2025.
"I am pleased with our third quarter results and our continued focus on core banking operations, expanding net interest margin, and disciplined expense management,” said Kim C. Liddell, President and CEO. “We aim to build on this momentum while preserving a strong capital position and supporting our customers, communities, and stockholders."
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