Lake Shore Bancorp (LSBK) Reports Q3 EPS of $0.13
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Lake Shore Bancorp, Inc. Announces Third Quarter 2016 Earnings
October 18, 2016 4:52 PM EDTDUNKIRK, N.Y., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the Company) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the Bank), announced results for the three and nine months ended September 30, 2016. Net income for third quarter 2016 was $757,000, or $0.13 per diluted share, compared to net income of $1.2 million, or $0.21 per diluted share, for third quarter 2015.  The decrease in net income was due to a $370,000 decrease in non-interest income, a $156,000 increase in non-interest expense and a $95,000 increase in provision for loan losses partially offset by a $75,000 decrease in income tax expense and a... More
