Lake Shore Bancorp Q2 net income up rises 72% yr/yr
ReutersJul 23, 2025 8:12 PM
Overview
Lake Shore Bancorp Q2 net income rises 72% yr/yr, driven by strategic balance sheet management
Net interest income increased 17.6% yr/yr, contributing to improved financial performance
Co completed conversion and stock offering, raising $49.5 mln for growth
Result Drivers
NET INTEREST INCOME - Increased by 17.6% yr/yr, driven by strategic balance sheet management
NON-INTEREST EXPENSES - Decreased due to efforts to optimize operating expenses
REDUCED WHOLESALE FUNDING - Repayment of $8.3 mln in Federal Home Loan Bank of New York
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| $1.92 mln |
|
Q2 Net Interest Income |
| $6.12 mln |
|
Q2 Basic EPS |
| $0.34 |
|
Q2 Net Interest Margin |
| 3.8% |
|
Q2 Pretax Profit |
| $2.30 mln |
|
Press Release: ID:nGNX9rL4h9
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