Lake Shore Bancorp (NASDAQ:LSBK) Full Year 2024 Results

Key Financial Results

• Revenue: US$25.8m (down 7.8% from FY 2023).
• Net income: US$4.93m (up 2.3% from FY 2023).
• Profit margin: 19% (up from 17% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.88 (up from US$0.82 in FY 2023).

LSBK Banking Performance Indicators

• Net interest margin (NIM): 3.21% (down from 3.62% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Thrift / Savings and Loan Institutions contributing US$25.8m. Explore how LSBK's revenue and expenses shape its earnings.

Lake Shore Bancorp shares are down 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Lake Shore Bancorp that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.