Lake Shore Bancorp Q3 Net Income Rises to $2.31M as Margin Widens to 4.17%
LSBK sits 45% above its 52-week low of $12.52.
Summary
Lake Shore Bancorp posted Q3 net income of $2.314 million, up from $2.2 million in Q2, with net interest margin widening to 4.17% from 4.06% the prior quarter. Net interest income came in at $7.141 million and the provision for credit losses was a modest $290 thousand, consistent with the pristine asset quality noted in the last 10-Q. The margin expansion is the key takeaway for a small bank this size — it shows the deposit base is holding up and loan yields are repricing higher. This follows the Q2 report in August that showed 13% net income growth and the start of share repurchases, so the trend is intact rather than a one-quarter blip. At a market cap near $143 million and trading close to its 52-week high, the stock is priced for continued execution; the margin number supports that.
At the time of this announcement, LSBK was trading at $18.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $142.8M. The 52-week trading range was $12.52 to $19.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.