Lake Shore Bancorp Q3 profit dips as non-interest income falls

Lake Shore Bancorp

21/10/2026 21:38

Overview
US community bank's Q3 net income dipped 2% yr/yr due to lower non-interest income
Net interest income rose 12% yr/yr, driven by higher yields and loan growth
Company repurchased 105,090 shares under its buyback plan in Q3

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
HIGHER NET INTEREST INCOME - Co said Q3 net interest income rose due to higher yields on loans and increased average loan balances
LOWER NON-INTEREST INCOME - Co said Q3 non-interest income fell due to absence of one-time death benefit and lower gains on equity securities
HIGHER PROVISION FOR CREDIT LOSSES - Co said Q3 provision for credit losses increased due to higher reserve rates for commercial and residential loan pools

Company press release: ID:nGNX2nk2pr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$2.31 mln
 
Q3 Net Interest Income
 
$7.14 mln
 
Q3 Net Interest Margin
 
4.17%
 
Q3 Provision For Credit losses
 
$290,000
 

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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.)