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Lake Shore Bancorp
(NASDAQ:LSBK)
Lake Shore Bancorp (LSBK) vs. SPDR S&P 500 ETF (SPY)
Lake Shore Bancorp Business Overview & Revenue Model
Lake Shore Bancorp Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.11M | 36.39M | 29.46M | 27.85M | 27.33M |
| Gross Profit | 25.85M | 28.04M | 26.32M | 24.53M | 21.30M |
| EBITDA | 6.61M | 7.03M | 7.73M | 8.34M | 6.22M |
| Net Income | 4.93M | 4.82M | 5.71M | 6.19M | 4.56M |
Balance Sheet | |||||
| Total Assets | 685.50M | 725.12M | 699.91M | 714.09M | 686.20M |
| Cash, Cash Equivalents and Short-Term Investments | 89.63M | 114.17M | 82.68M | 156.76M | 122.26M |
| Total Debt | 10.25M | 35.25M | 37.55M | 21.95M | 29.75M |
| Total Liabilities | 595.64M | 638.85M | 618.73M | 625.76M | 600.28M |
| Stockholders Equity | 89.87M | 86.27M | 81.18M | 87.98M | 85.92M |
Cash Flow | |||||
| Free Cash Flow | 2.51M | 5.81M | 7.80M | 7.92M | 5.20M |
| Operating Cash Flow | 2.51M | 6.21M | 8.21M | 8.55M | 5.60M |
| Investing Cash Flow | 21.12M | 19.52M | -57.20M | -5.74M | -62.14M |
| Financing Cash Flow | -44.22M | 18.37M | -8.95M | 21.80M | 69.22M |
Lake Shore Bancorp Technical Analysis
Lake Shore Bancorp Risk Analysis
Lake Shore Bancorp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $74.48M | 10.09 | 8.10% | 2.01% | 5.04% | -6.92% | |
73 Outperform | $93.26M | 16.08 | 6.43% | 4.37% | 1.49% | 33.52% | |
73 Outperform | $81.46M | 11.40 | 11.29% | 6.25% | 5.81% | -22.37% | |
69 Neutral | $110.01M | 10.93 | 8.68% | 1.53% | 18.82% | 35.24% | |
68 Neutral | $83.12M | 24.28 | 4.35% | 1.66% | 11.65% | 67.39% | |
61 Neutral | C$15.12B | 6.81 | 23.28% | 5.39% | 33.61% | -23.38% | |
56 Neutral | $104.20M | ― | -0.73% | ― | -9.96% | -23.54% |
Lake Shore Bancorp Corporate Events
On July 18, 2025, Lake Shore Bancorp, Inc. completed the conversion of Lake Shore, MHC from mutual to stock form and transitioned Lake Shore Savings Bank from a federal savings bank to a New York chartered commercial bank. The company raised $49.5 million through a stock offering, selling 4,950,460 shares at $10.00 each. This strategic move is expected to enhance the company’s market positioning and operational flexibility, with its common stock set to begin trading on the Nasdaq Global Market on July 21, 2025.
On July 8, 2025, Lake Shore Bancorp, Inc. announced the expected closing of its conversion from mutual to stock form and related stock offering on July 18, 2025, after receiving all regulatory approvals. The company’s common stock is anticipated to start trading on the Nasdaq Global Market on July 21, 2025. The stock offering is expected to raise $49.5 million through the sale of 4,950,460 shares at $10.00 per share. The conversion will result in Lake Shore Federal Bancorp’s public stockholders receiving shares in the new holding company, Lake Shore Bancorp, maintaining their ownership percentage. The transaction is significant for the company’s strategic positioning, allowing it to transition to a New York chartered commercial bank, potentially impacting its operations and market presence.
On July 1, 2025, Lake Shore Bancorp, Inc. held a Special Meeting of Stockholders where the Amended and Restated Plan of Conversion and Reorganization was approved. This plan involves converting from a mutual holding company structure to a fully public stock holding company and transitioning the Bank from a federal savings bank to a New York chartered commercial bank. The conversion and stock offering are still subject to final regulatory approvals and customary closing conditions.
On May 23, 2025, Lake Shore Bancorp, Inc. announced the commencement of a stock offering as part of its conversion from a mutual holding company to a stock holding company. The new Maryland corporation aims to sell up to 5,750,000 shares, with a potential increase to 6,612,500 shares, at $10.00 per share. This move involves converting the bank’s charter to a New York commercial bank and renaming it Lake Shore Bank. The stock offering is primarily available to eligible depositors and the employee stock ownership plan, with any remaining shares offered to the community and public stockholders. The completion of this conversion and offering is contingent upon selling at least 4,250,000 shares and receiving necessary regulatory and stockholder approvals.
On May 21, 2025, Lake Shore Bancorp, Inc. held its Annual Meeting of Shareholders. During this meeting, shareholders elected three Class Two directors to the board for terms expiring in 2028, approved a non-binding resolution on executive compensation, and ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
Lake Shore Bancorp, Inc. announced its annual shareholders’ meeting scheduled for May 21, 2025, in Dunkirk, New York. The meeting will include the election of directors, a ‘say on pay’ proposal, and the ratification of an independent accounting firm. The company is undergoing a ‘second-step’ conversion to a fully-public stock holding company structure, reflecting its growth strategy. This move is expected to enhance shareholder value and align with its long-term goals of expanding its financial services and market presence.
On May 14, 2025, Lake Shore Bancorp, Inc. entered into an Agency Agreement with Raymond James & Associates, Inc. to assist in marketing its common stock during the company’s stock offering, related to its conversion from a mutual holding company to a stock holding company. Raymond James will receive a success fee for its services, and the shares are being offered under a Registration Statement declared effective by the SEC.