Comparing the current results to its competitors, Lake Shore Bancorp Inc reported Revenue increase in the 2 quarter 2026 by 8.68 % year on year. The sales growth was above Lake Shore Bancorp Inc 's competitors' average revenue growth of 4.67 %, achieved in the same quarter.
Lake Shore Bancorp Inc 's Comment on Competition and Industry Peers
The company operates in a competitive financial services market in Western New York, facing competition from a super regional bank headquartered in Buffalo, NY, as well as branches of large money center, regional, and super regional banks resulting from industry consolidation. Competitors often have greater resources and offer a broader range of services. The company also competes with online service providers offering loans and deposit products. Loan competition primarily comes from commercial banks, savings banks, mortgage banking companies, credit unions, online retail mortgage lenders, and other financial service firms. Deposit competition includes commercial banks, savings banks, credit unions, online banks, and non-depository entities such as mutual funds, securities and brokerage firms, and insurance companies. As of June 30, 2025, the company held the third largest deposit market share in Chautauqua County at 16.8%, behind two competitors with shares of 25.3% and 19.2%. In Erie County, the company maintained a 0.5% deposit market share as of June 30, 2025, unchanged from 2024.
With revenue growth of 8.68 % within Overall company, Lake Shore Bancorp Inc achieved improvement in market share, within Overall company to approximately 0.85 %. << More on LSBK Market Share.
*Market share is calculated based on total revenue.
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Sources:
Lake Shore Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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