Lake Shore Bancorp, Inc. Announces Second Quarter 2024 Financial Results [Yahoo! Finance]
Lake Shore Bancorp, Inc. (LSBK)
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4108493
Company Research
Source: Yahoo! Finance
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. “I am pleased with Lake Shore's earnings for the second quarter of 2024 and year-to-date. We continue to remain disciplined and focused on executing our strategic plan and it is beginning to bear results,” stated Kim C. Liddell, President, CEO, and Dir
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Sec Filings
- 8/28/24 - Form 4
- 8/27/24 - Form 4
- 8/27/24 - Form 4/A
- LSBK's page on the SEC website