Quarterly results show steady core banking improvement (NIM +45 bps, efficiency ratio -431 bps YoY) but the YoY earnings decline from non-recurring items and higher provision tempers the narrative. Monitor next quarter for provision normalization and loan growth trajectory.
Price Chart
Executive Summary
Lake Shore Bancorp reported Q3 2026 net income of $2.3M ($0.31/diluted share), down 1.9% YoY from $2.4M ($0.32) due to a one-time death benefit on BOLI in the prior year and a higher provision for credit losses. Net interest margin expanded 45 bps YoY to 4.17%, and the efficiency ratio improved to 60.95%, but the modest earnings decline and lack of consensus estimates make this a neutral, routine quarterly update.
Key Financial Metrics
Key Facts
- Q3 2026 net income $2.3M vs $2.4M in Q3 2025, down 1.9%
- Diluted EPS $0.31 vs $0.32 in Q3 2025
- Net interest margin expanded to 4.17% from 3.72% YoY (+45 bps)
- Efficiency ratio improved to 60.95% from 65.26% YoY
- Provision for credit losses increased to $290K from a negative $269K in Q3 2025
- Repurchased 105,090 shares at avg $17.92 during Q3 2026
- Book value per share $18.20 vs $18.10 at Dec 2025
- Non-performing assets / total assets 0.24%, up slightly from 0.23% at Dec 2025
Financial Impact
Net income down $45K YoY; net interest income up $786K (+12.4%) offset by $559K higher provision and $273K lower non-interest income
Risk Factors
- Higher provision for credit losses ($290K vs -$269K YoY) signals potential credit quality deterioration
- Non-performing assets increased 4.9% from Dec 2025
- Uninsured deposits rose to 13.5% of total deposits from 11.3% at Dec 2025
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385937 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $18.61 | awaiting T+60 | — | $18.69 (+0.43%) |
Oct 21, 2026 5d ago | 8-K | $18.71 | awaiting T+60 | — | $18.69 (−0.11%) |
Oct 21, 2026 5d ago | Press Release | $18.71 | awaiting T+60 | — | $18.69 (−0.11%) |
Jul 24, 2026 13w ago | 8-K | $17.20 $18.12 | ▲ +5.35% | ▲ +1.62% | $18.69 (+8.66%) |
Jul 24, 2026 13w ago | Press Release | $17.20 $18.12 | ▲ +5.35% | ▲ +1.62% | $18.69 (+8.66%) |
Jul 22, 2026 13w ago | Press Release | $17.02 $18.12 | ▲ +6.46% | ▲ +1.91% | $18.69 (+9.81%) |
May 20, 2026 22w ago | 8-K | $15.73 $17.16 | ▲ +9.09% | ▲ +4.09% | $18.69 (+18.82%) |
Apr 24, 2026 26w ago | 8-K | $15.86 $17.01 | ▲ +7.25% | ▲ +2.47% | $18.69 (+17.84%) |
Apr 22, 2026 26w ago | 8-K | $15.76 $17.09 | ▲ +8.43% | ▲ +3.42% | $18.69 (+18.59%) |
Apr 22, 2026 26w ago | Press Release | $15.76 $17.09 | ▲ +8.43% | ▲ +3.42% | $18.69 (+18.59%) |
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