Lake Shore Bancorp Q1 net profit surges on higher net interest income

Lake Shore Bancorp

22/04/2026 21:40

Overview

US community bank's Q1 net income rose 82% yr/yr, driven by higher net interest income

Company's net interest margin improved to 4.02% from 3.49% a year earlier

Outlook

Company did not provide specific guidance for the current qtr or full yr in the press release

Result Drivers

NET INTEREST INCOME - Higher net interest income, driven by increased average balances and yields on loans and deposits, supported Q1 results

LOWER FUNDING COSTS - Decreased interest expense from lower average balances and rates on deposits and borrowings aided results

CREDIT LOSS PROVISION - Credit to provision for credit losses reflected lower loss rates, especially in commercial real estate and home equity loans

Company press release: ID:nGNX4j6kVL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$1.9 mln
Q1 Net Interest Income
$6.7 mln
Q1 Net Interest Margin
4.02%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)