Lake Shore Bancorp, Inc. /MD/ LSBK
Lake Shore Bancorp, Inc. ("Lake Shore Bancorp," the "Company," "us," or "we") operates as the parent holding company of Lake Shore Bank (the "Bank"). Our common stock is traded on the Nasdaq Global Market under the symbol "LSBK". Unless the context otherwise requires, all references herein to Lake Shore Bancorp or Lake Shore Bank include Lake Shore Bancorp and Lake Shore Bank on a consolidated basis.
Lake Shore Bancorp, Inc.
Lake Shore Bancorp is a Maryland corporation that was incorporated in March 2025 to become the registered bank holding company for the Bank upon the conversion of Lake Shore, MHC (the "MHC"), a federally chartered mutual holding company, from the mutual-to-stock form of organization, which occurred on July 18, 2025 (the "Conversion"). The Company sold 4,950,460 shares of common stock at a price of $10.00 per share, for gross proceeds of approximately $49.5 million.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $36.3M | $34.8M | — |
| Interest expense | $24.6M | $21.1M | — |
| Pre-tax income | $8.8M | $5.9M | — |
| Income tax | $1.5M | $935.0K | — |
| Net income | $7.3M | $4.9M | $4.8M |
| EPS, basic | 0.97 | 0.65 | — |
| EPS, diluted | 0.97 | 0.65 | — |
| Shares, diluted (wtd. avg.) | 7.5M | 7.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $64.3M | $33.1M | $53.7M |
| Property, plant and equipment | $7.0M | $7.2M | — |
| Total assets | $727.3M | $685.5M | — |
| Long-term debt | $0 | $10.2M | — |
| Total liabilities | $585.7M | $595.6M | — |
| Retained earnings | $88.4M | $82.8M | — |
| Total equity | $141.6M | $89.9M | $86.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $8.0M | $2.5M | — |
| Investing cash flow | -$8.1M | $21.1M | — |
| Financing cash flow | $31.3M | -$44.2M | — |
| Dividends paid | $1.7M | $1.1M | — |
| Buybacks | $53.0K | $20.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145635.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $34.8M | $36.3M |
| Gross profit | — | — | — |
| Net income | $4.8M | $4.9M | $7.3M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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