LSBK - Dividend announcements

DUNKIRK, N.Y., April 22, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Bank (the "Bank"), reported unaudited net income of $1.9 million, or $0.26 per diluted share, for the first quarter of 2026 compared to net income of $1.1 million, or $0.14 per diluted share, for the first quarter of 2025. The Company's financial performance for the first quarter of 2026 was positively impacted primarily by an increase in net interest income. "The results from the first quarter reflected a typical beginning of the year for our company," stated Kim C. Liddell, President, CEO, and Director. "Despite intense competition and challenging

DUNKIRK, N.Y., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.09 per share on its outstanding common stock on January 21, 2026. The dividend is expected to be paid on February 11, 2026 to stockholders of record as of February 2, 2026. About Lake Shore   Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County

DUNKIRK, N.Y., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Bank (the "Bank"), reported unaudited net income of $1.9 million, or $0.26 per diluted share, for the fourth quarter of 2025 compared to net income of $1.5 million, or $0.19 per diluted share, for the fourth quarter of 2024. For the year ended December 31, 2025, the Company reported unaudited net income of $7.3 million, or $0.97 per diluted share, as compared to $4.9 million, or $0.65 per diluted share, for the year ended December 31, 2024. The Company's 2025 financial performance was positively impacted by an increase in net interest income and a decr

DUNKIRK, N.Y., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.09 per share on its outstanding common stock on October 22, 2025. The dividend is expected to be paid on November 12, 2025 to stockholders of record as of November 3, 2025. About Lake Shore Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County

DUNKIRK, N.Y., July 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.09 per share on its outstanding common stock on July 23, 2025. The dividend is expected to be paid on August 13, 2025 to stockholders of record as of August 4, 2025. About Lake Shore Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six

DUNKIRK, N.Y., July 08, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Federal Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that all regulatory approvals have been received to close the conversion of Lake Shore, MHC from mutual to stock form and the related stock offering by Lake Shore Bancorp, Inc. ("Lake Shore Bancorp"), the proposed new stock holding company for Lake Shore Bank and the Bank's conversion from a federal savings bank to a New York chartered commercial bank. Closing is expected to occur after the close of business on July 18, 2025. Lake Shore Bancorp's common stock is expected to begin trading on the

DUNKIRK, N.Y., July 01, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Federal Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that at special meetings held on July 1, 2025, the stockholders of Lake Shore Federal Bancorp and the members of Lake Shore, MHC (depositors of the Bank) approved the Amended and Restated Plan of Conversion and Reorganization in connection with Lake Shore, MHC's previously announced plan to convert from the mutual holding company to the fully public stock holding company form of organization and the Bank's conversion from a federal savings bank to a New York chartered commercial bank. The closi

DUNKIRK, N.Y., May 23, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. ("Lake Shore Federal Bancorp") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that Lake Shore Bancorp, Inc. ("Lake Shore Bancorp"), a newly formed Maryland corporation and the proposed successor holding company of the Bank, is commencing its offering of common stock in connection with the proposed conversion of Lake Shore, MHC from a mutual holding company to a stock holding company. As part of the conversion, the Bank will convert its charter to a New York commercial bank and will be renamed Lake Shore Bank. Lake Shore Bancorp is offering for sale up to 5,750,000 shares

DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-t

DUNKIRK, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.5 million, or $0.26 per diluted share, for the fourth quarter of 2024 compared to net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported unaudited net income of $4.9 million, or $0.88 per diluted share, as compared to $4.8 million, or $0.82 per diluted share for the year ended December 31, 2023. The Company's 2024 financial performance was positively impacted by a decrease in non-interest expenses as a r

DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank ("Bank"), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. ("Company") received termination notice of the Consent Order by the Office of the Comptroller of the Currency ("OCC"), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the "Troubled Condition" status. "Our primary goal has been remediation of the operational

DUNKIRK, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on October 23, 2024. The dividend is expected to be paid on November 8, 2024 to stockholders of record as of November 4, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on September 30, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake ShoreLake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier hol

DUNKIRK, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.3 million, or $0.24 per diluted share, for the third quarter of 2024 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024, and $1.6 million, or $0.27 per diluted share, for the third quarter of 2023. The increase in net income during the third quarter of 2024 was primarily driven by an increase in net interest income and a reduction in non-interest expenses when compared to the previous quarter. For the first nine months of 2024, the Company rep

DUNKIRK, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock. The dividend is expected to be paid on August 16, 2024 to stockholders of record as of August 12, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on July 8, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore

DUNKIRK, N.Y., July 24, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024 compared to net income of $816,000, or $0.14 per diluted share, for the second quarter of 2023. For the first six months of 2024, the Company reported unaudited net income of $2.1 million, or $0.36 per diluted share, as compared to $2.5 million, or $0.43 per diluted share, for the first six months of 2023. The increase in net income during the second quarter of 2024 was primarily driven by a reduction in non-interest expe

DUNKIRK, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced yesterday that it received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") to pay a cash dividend of $0.18 per share to its stockholders. Additionally, the Reserve Bank also issued a non-objection to Lake Shore, MHC (the "MHC"), the Company's mutual holding company parent, to waive the MHC's receipt of cash dividends on its common stock up to $0.72 per share during the twelve-month period ending April 2, 2025 (the "Dividend Waivers"). As the Company has previously disclosed,

DUNKIRK, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.0 million, or $0.17 per diluted share, for the 2024 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter. Net income decreased $670,000, or 39.8%, when compared to the 2023 first quarter and was negatively impacted by a decrease in net interest income and the period-over-period change in the provision for credit losses. These changes were partially offset by a decrease in non-interest expense and an increase in non-interest income pri

DUNKIRK, N.Y., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023 compared to net income of $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported unaudited net income of $4.8 million, or $0.82 per diluted share, as compared to $5.7 million, or $0.97 per diluted share, for the year ended December 31, 2022. The Company's 2023 financial performance was negatively impacted by the Office of the Comptroller of the Curr

DUNKIRK, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $0.8 million, or $0.14 per diluted share, for the 2023 second quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2022 second quarter. For the first six months of 2023, the Company reported unaudited net income of $2.5 million, or $0.43 per diluted share, as compared to $2.7 million, or $0.47 per diluted share, for the first six months of 2022. "Lake Shore's 2023 second quarter performance was solid despite significant expenses connected to our efforts

DUNKIRK, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter compared to net income of $1.1 million, or $0.18 per diluted share, for the 2022 first quarter. "We are pleased with Lake Shore's financial results during the first quarter of 2023," stated Kim Liddell, President and CEO. "We, like most Banks, were susceptible to the rapidly rising rate environment and increased interest expenses during the first quarter. Even with those headwinds Lake Shore performed well, a testament to

DUNKIRK, N.Y., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022 compared to net income of $1.8 million, or $0.31 per diluted share, for the fourth quarter of 2021. For the year ended December 31, 2022, the Company reported unaudited net income of $5.7 million, or $0.97 per diluted share, as compared to $6.2 million, or $1.05 per diluted share, for the year ended December 31, 2021. "We experienced impressive growth in our net interest margin and loan balances durin

DUNKIRK, N.Y., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.8 million, or $0.30 per diluted share, for the 2022 third quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2021 third quarter. For the first nine months of 2022, the Company reported unaudited net income of $4.5 million, or $0.77 per diluted share, as compared to $4.4 million, or $0.74 per diluted share, for the first nine months of 2021. 2022 Third Quarter and Year to Date Financial Highlights: 2022 third quarter net income increased $80,000, or 4.7%, w

DUNKIRK, N.Y., July 20, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.7 million, or $0.29 per diluted share, for the 2022 second quarter compared to net income of $1.0 million, or $0.17 per diluted share, for the 2021 second quarter. For the first six months of 2022, the Company reported unaudited net income of $2.75 million, or $0.47 per diluted share, as compared to $2.68 million, or $0.45 per diluted share, for the first six months of 2021. 2022 Second Quarter and Year to Date Financial Highlights: 2022 second quarter net income increased $0.7 mi

DUNKIRK, N.Y., April 27, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.1 million, or $0.18 per diluted share, for the 2022 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2021 first quarter. 2022 First Quarter Financial Highlights: Net interest income increased 3.7% to $5.5 million during the 2022 first quarter in comparison to $5.3 million during the 2021 first quarter, due to a $6.0 million increase in the average balance of interest-earning assets and a 26 basis points decrease in the average cost of interest-bea

DUNKIRK, N.Y., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced that the Company's Board of Directors approved a $0.16 per share cash dividend on its common stock, payable on March 17, 2022, to shareholders of record as of February 24, 2022. Based on the Company's closing stock price of $14.86 on February 10, 2022, the implied dividend yield for the Company's common stock is currently 4.31%. On February 9, 2022, Lake Shore, MHC (the "MHC"), which holds 3,636,875 shares, or 63.9% of the Company's total outstanding common stock, held a special meeting of its member

DUNKIRK, N.Y., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.8 million, or $0.31 per diluted share, for the fourth quarter of 2021 compared to net income of $1.2 million, or $0.21 per diluted share, for the fourth quarter of 2020. For the year ended December 31, 2021, the Company reported unaudited net income of $6.2 million, or $1.05 per diluted share, as compared to $4.6 million, or $0.77 per diluted share, for the year ended December 31, 2020. 2021 Full Year and Fourth Quarter Financial Highlights: Fourth quarter net income of $1.8 million incre

DUNKIRK, N.Y., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.7 million, or $0.29 per diluted share, for the third quarter of 2021 compared to net income of $1.2 million, or $0.21 per diluted share, for the third quarter of 2020. For the first nine months of 2021, the Company reported unaudited net income of $4.4 million, or $0.74 per diluted share, as compared to $3.3 million, or $0.56 per diluted share, for the first nine months of 2020. 2021 Third Quarter and Year to Date Financial Highlights: Net income of $1.7 million in the third quart

DUNKIRK, N.Y., July 26, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.0 million, or $0.17 per diluted share, for the second quarter of 2021 compared to net income of $1.4 million, or $0.23 per diluted share, for the second quarter of 2020. For the first six months of 2021, the Company reported unaudited net income of $2.7 million, or $0.45 per diluted share, as compared to $2.1 million, or $0.35 per diluted share, for the first six months of 2020. 2021 Second Quarter and Year to Date Financial Highlights: Net income of $1.0 million in the second quarter

DUNKIRK, N.Y., April 28, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), reported unaudited net income of $1.7 million, or $0.29 per diluted share, for the first quarter of 2021 compared to net income of $731,000, or $0.12 per diluted share, for the first quarter of 2020. 2021 First Quarter Financial Highlights: Net income of $1.7 million in the first quarter of 2021 increased by $1.0 million, or 130.9%, when compared to the first quarter of 2020. First quarter 2021 was positively impacted by increases in net interest income and non-interest income and a decrease in provision for loan losses, p

DUNKIRK, N.Y., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.24 million, or $0.21 per diluted share, for the fourth quarter of 2020 compared to net income of $1.17 million, or $0.20 per diluted share, for the fourth quarter of 2019. For the year ended December 31, 2020, the Company reported unaudited net income of $4.6 million, or $0.77 per diluted share, as compared to $4.1 million, or $0.68 per diluted share, for the year ended December 31, 2019. 2020 Full Year and Fourth Quarter Financial Highlights: Net income of $1.24 million in the fourth qu