Lake Shore Bancorp Q2 net income up rises 72% yr/yr
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Lake Shore Bancorp reported a 72% year-over-year increase in Q2 net income, attributed to strategic balance sheet management. Net interest income rose by 17.6%, while non-interest expenses decreased due to optimized operations. The company completed a conversion and stock offering, raising $49.5 million for growth. Key metrics included a net income of $1.92 million and a basic EPS of $0.34.
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