February 5, 2026
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 (LNB), reporting record earnings for 2025. Lyons Bancorp earned $21.3 million in 2025, a 38% increase from the $15.5 million reported in 2024. On a per share basis, earnings were $6.06 as compared to $4.38 last year. Both numbers are reported on a fully-diluted basis. The improvement in year-over-year earnings per share is driven by increases in both non-interest income and net interest income, as well as strong balance sheet growth in both loans and deposits.
Year-end assets totaled $2.069 billion for 2025 as compared to $1.924 billion for 2024. Year-end gross loans increased $85 million, or 5.8%, from $1.468 billion for 2024 to $1.553 billion for 2025. In addition to the portfolio loan growth, the Bank grew its’ sold and serviced residential loan portfolio to $696 million at year-end 2025. A major factor of our growth was the increase in deposits from $1.765 billion at year-end 2024 to $1.885 billion at year-end 2025, for a $120.7 million or 6.8% growth.
At December 31, 2025 and December 31, 2024, respectively, shareholders’ equity grew to $165.9 million from $150.8 million after dividends, while tangible shareholders’ equity rose to $142 million from $115.8 million. The growth in equity increased the Company’s Tier 1 leverage capital ratio to 8.11% at December 31, 2025, from 7.77% at December 31, 2024. The Company continues to maintain a strong capital position, supported by solid net income and consistent dividend payments. The net interest margin improved to 2.87% at year-end 2025, compared to 2.48% at year-end 2024. Expense management also remained strong, with the efficiency ratio improving to 60.13% from 65.66% compared to the same time last year. The Company’s return on average assets during 2025 was 1.05% as compared to 0.80% in 2024. Its return on average equity increased to 16.48% in 2025, up from 14.11% reported in 2024.
Reflecting its strong capital position and earnings performance, Lyons Bancorp’s Board of Directors approved a share repurchase program of up to $5 million, effective immediately through December 31, 2026. The quarterly cash dividend was also increased by $0.03 to $0.43 per share, and the Board approved a special one-time dividend of $0.10 per share, payable on December 17, 2025. These actions demonstrate the Company’s confidence in its earnings power and its commitment to returning value to shareholders while maintaining balance sheet strength.
The Company’s stock price of $47 per share experienced a strong performance in 2025, with a favorable outlook and continued growth for 2026 driven by solid earnings expectations, a more stable interest rate environment, and the potential for favorable economic conditions.
“Looking ahead to 2026, we remain optimistic about the continuation of our solid performance, said Thomas Kime, President and Chief Executive Officer. “LNB continues to maintain both a quality loan portfolio while still preserving strong reserve levels, allowing us to continue to grow the Bank and loans while maintaining a strong financial position. We recently opened a banking office in the greater Rushville marketplace to better service both existing and new customers. Building on our robust performance in 2025, our focus is squarely on growth, efficiencies, building on our excellent customer experience, and positioning LNB for sustainable, long-term growth.”
At December 31, 2025, Lyons Bancorp had 3.5 million shares outstanding, on a diluted basis. Lyons Bancorp, Inc. is a publicly owned company and its common shares are traded on the OTCQX Best Market under the stock symbol LYBC.
Lyons Bancorp, Inc. is the financial holding company for The Lyons National Bank. The Lyons National Bank is a community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario and Wolcott in Wayne County; Jordan in Onondaga County; Geneva, Canandaigua and Farmington in Ontario County; Waterloo in Seneca County, Penn Yan and Rushville in Yates County, Perinton in Monroe County and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.