News about Lake Shore Bancorp

Lake Shore Bancorp reported unaudited third-quarter 2026 net income of $2.3 million, or $0.31 per diluted share, compared with $2.4 million, or $0.32 per share, a year earlier. For the first nine months, net income rose to $6.4 million, or $0.87 per diluted share, from $5.3 million. Net interest income grew $786,000, or 12.4%, year over year, partly offset by a higher provision for credit losses. The year-over-year decline in quarterly net income was attributed to two one-time non-interest income events in third-quarter 2025. Net interest margin rose to 4.17% from 3.72% a year earlier, the efficiency ratio improved to 60.95%, and the bank remains well capitalized with a Tier 1 Leverage ratio of 17.56%.