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 8.43 %, achieved in the same quarter.
Lake Shore Bancorp Inc Net Income in the 2 quarter 2026 grew year on year by 13.24%, while most of its competitors have experienced a contraction in net income by -82.73 %.
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 0.64 %. << More on LSBK Market Share.
*Market share is calculated based on total revenue.
City Holding Company is a regional bank holding company based in West Virginia, primarily serving communities in West Virginia, Kentucky, and Ohio. The company follows a traditional banking business model, offering a range of financial services including commercial and consumer banking, mortgage lending, and trust and investment management. City Holding Company focuses on personalized customer service, relationship-based banking, and investing in local communities to drive long-term growth and profitability.
Tompkins Financial Corp's business model is centered around providing financial services to individuals and businesses. This encompasses a range of offerings such as banking, investment management, insurance, and wealth management.
Trustco Bank Corp NY operates as a banking holding company that provides a range of banking products and services. It primarily focuses on traditional banking activities, such as accepting deposits, making loans, and offering other banking services to individuals, small businesses, and municipalities.
Pathward Financial Inc operates as a tech-driven financial services company that provides a range of investment and wealth management solutions. Their business model revolves around using innovative technology to offer personalized financial advice, portfolio management, and investment strategies tailored to the individual needs and goals of their clients.
Dime Community Bancshares Inc operates as a bank holding company that provides financial services primarily in New York. Their business model revolves around offering banking products and services such as loans, mortgages, savings accounts, and commercial banking to individuals and businesses in the local community.
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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