
LNB’s 2022 earnings another record
FINGER LAKES - Strong year-over-year growth in both loans and deposits resulted in Lyons Bancorp Inc., the parent financial holding company for The Lyons National Bank, reporting another year of record earnings for 2022. Lyons Bancorp earned $17.2 million in 2022, an 11% increase from the $15.5 million reported in 2021. On a per diluted share basis, earnings were $4.86 as compared to $4.62 last year. As a result of the Company’s common stock Shareholders’ Rights Offering in the third quarter of 2021, the Company had approximately 250 thousand more shares outstanding throughout all of 2022.