In the Q2, Lake Shore Bancorp Inc 's corporate clients experienced a decline by -12.55 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.69 %. During the corresponding time, Lake Shore Bancorp Inc recorded a revenue increase by 8.68 % year on year, sequentially revenue grew by 0.63 %. While revenue at the Lake Shore Bancorp Inc 's corporate clients recorded rose by 1.84 % year on year, sequentially revenue grew by 18.98 %.
Customers of Lake Shore Bancorp Inc saw their costs of revenue decline by -12.55 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.69 %, for the same period Lake Shore Bancorp Inc recorded revenue increase by 8.68 % year on year, sequentially revenue grew by 0.63 %.
Lake Shore Bancorp Inc's Comment on Sales, Marketing and Customers
The company operates in the Buffalo area and surrounding local markets, serving residents and small businesses within a diversified regional economy. Its key market segments include the housing market, commercial and housing development projects, and employment sectors such as transportation equipment manufacturing, automobile component parts production, service-related industries, wholesale and retail trade, and durable-goods manufacturing. The company competes with various financial institutions, including commercial banks, savings banks, mortgage banking companies, credit unions, online retail mortgage lenders, online banks, mutual funds, securities and brokerage firms, and insurance companies. As of June 30, 2025, it holds a 16.8% deposit market share in Chautauqua County and a 0.5% share in Erie County, competing against larger institutions, a super regional bank headquartered in Buffalo, New York, and other regional and super regional banks. The company’s customer base and markets are located in Western New York.
Lake Shore Bancorp Inc’s Comment on Sales, Marketing and Customers
The company operates in the Buffalo area and surrounding local markets, serving residents and small businesses within a diversified regional economy. Its key market segments include the housing market, commercial and housing development projects, and employment sectors such as transportation equipment manufacturing, automobile component parts production, service-related industries, wholesale and retail trade, and durable-goods manufacturing. The company competes with various financial institutions, including commercial banks, savings banks, mortgage banking companies, credit unions, online retail mortgage lenders, online banks, mutual funds, securities and brokerage firms, and insurance companies. As of June 30, 2025, it holds a 16.8% deposit market share in Chautauqua County and a 0.5% share in Erie County, competing against larger institutions, a super regional bank headquartered in Buffalo, New York, and other regional and super regional banks. The company’s customer base and markets are located in Western New York.
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: Lake Shore Bancorp Inc’s corporate clients.
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