Lake Shore Bancorp posts 4Q profit
Lake Shore Bancorp posts profit of $140,000 in 4th quarter
DUNKIRK, N.Y. (AP) _ Lake Shore Bancorp Inc. (LSBK) on Tuesday reported fourth-quarter earnings of $140,000.
On a per-share basis, the Dunkirk, New York-based company said it had net income of 2 cents.
The holding company for Lake Shore Savings Bank posted revenue of $5 million in the period. Its adjusted revenue was $4.4 million.
For the year, the company reported profit of $3.5 million, or 58 cents per share. Revenue was reported as $19.3 million.
Lake Shore Bancorp shares have decreased almost 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.84, a climb of 18 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSBK at https://www.zacks.com/ap/LSBK
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Keywords: Lake Shore Bancorp, Earnings Report
