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Lake Shore Bancorp First Quarter 2024 Earnings: EPS: US$0.17 (vs US$0.29 in 1Q 2023)

Lake Shore Bancorp (NASDAQ:LSBK) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$6.19m (down 17% from 1Q 2023).

  • Net income: US$1.01m (down 40% from 1Q 2023).

  • Profit margin: 16% (down from 23% in 1Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.17 (down from US$0.29 in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

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

Lake Shore Bancorp shares are up 5.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Lake Shore Bancorp that you need to be mindful of.

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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.