Quarterly ResultApr 30, 2026, 07:22 AM
CLST Q1 Net Income $558K, EPS $0.15; Deposits +5%
AI Summary
Catalyst Bancorp, Inc. reported net income of $558,000, or $0.15 diluted EPS, for the first quarter of 2026, an increase from $456,000, or $0.13 diluted EPS, in the prior quarter. The company incurred $95,000 in professional fees related to its agreement to acquire Lakeside Bancshares, Inc. Total loans decreased by 4% to $163.7 million, while total deposits increased by 5% to $195.4 million. The net interest margin slightly declined to 3.83%.
Key Highlights
- CLST Q1 2026 net income $558,000, up from $456,000 in Q4 2025.
- Diluted EPS $0.15 in Q1 2026, up from $0.13 in Q4 2025.
- Professional fees of $95,000 (pre-tax) incurred for Lakeside acquisition.
- Total loans $163.7 million at March 31, 2026, down 4% from December 31, 2025.
- Total deposits $195.4 million at March 31, 2026, up 5% from December 31, 2025.
- Net interest margin 3.83% in Q1 2026, down 8 basis points from prior quarter.
- Repurchased 16,614 shares at average cost of $15.71 in Q1 2026.
- Non-performing assets 0.94% of total assets at March 31, 2026.