Quarterly ResultMay 15, 2026, 12:01 PM
Catalyst Bancorp Q1 Net Income $558K, Diluted EPS $0.15
AI Summary
Catalyst Bancorp reported a decrease in net income and diluted earnings per share for the first quarter of 2026 compared to the same period in the prior year, despite an increase in net interest income. The company saw growth in total assets and deposits quarter-over-quarter, while loans receivable, net, experienced a decline. A reversal of credit losses contributed positively to the quarter's results.
Key Highlights
- Net income for Q1 2026 decreased to $558K from $586K in Q1 2025.
- Diluted earnings per share for Q1 2026 decreased to $0.15 from $0.16 in Q1 2025.
- Net interest income increased to $2.545M in Q1 2026 from $2.365M in Q1 2025.
- Total assets grew to $288.508M at March 31, 2026, from $282.927M at December 31, 2025.
- Total deposits increased to $195.373M at March 31, 2026, from $185.274M at December 31, 2025.
- Loans receivable, net, decreased to $161.382M at March 31, 2026, from $167.843M at December 31, 2025.
- The company reported a reversal of credit losses of $70K in Q1 2026, compared to $0 in Q1 2025.
- Common stock repurchases amounted to $260K in Q1 2026.
Price Impact
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