Lake Shore Bancorp Inc. Reports Q2 2025 Net Income of $1.9 Million, EPS Up to $0.34, Driven by Increased Net Interest and Non-Interest Income

Lake Shore Bancorp Inc. (NASDAQ: LSBK), the holding company for Lake Shore Bank, announced its second quarter 2025 financial results, reporting an unaudited net income of $1.9 million, or $0.34 per diluted share. This represents an increase compared to the net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024. For the first half of 2025, the company reported a net income of $3.0 million, or $0.53 per diluted share, compared to $2.1 million, or $0.36 per diluted share, for the same period in 2024. The improved financial performance in the second quarter of 2025 was driven by an increase in net interest income and non-interest income, alongside a decrease in non-interest expenses, attributed to strategic balance sheet management and efforts to optimize operating expenses and reduce reliance on wholesale funding. Additionally, on July 18, 2025, Lake Shore Bancorp completed a conversion from mutual to stock form and its related stock offering, resulting in the sale of approximately 4.95 million shares at $10.00 per share, generating gross proceeds of $49.5 million. The Bank also converted from a federal savings bank to a New York chartered commercial bank. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lake Shore Bancorp Inc. published the original content used to generate this news brief on August 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here