Quarterly ResultJul 30, 2026, 09:56 AM
Catalyst Bancorp Q2 Net Income $524K, EPS $0.14; Completes Acquisition
AI Summary
Catalyst Bancorp, Inc. reported net income of $524,000, or $0.14 diluted EPS, for the second quarter of 2026, a slight decrease from the prior quarter. The company successfully completed its acquisition of Lakeside Bancshares, Inc. on July 14, 2026. Loans saw a minor decline, but credit quality improved with a 14% decrease in non-performing assets, and deposits increased by 1%. The net interest margin also improved by three basis points to 3.86%.
Key Highlights
- Net income for Q2 2026 was $524,000, or $0.14 diluted EPS.
- Completed the acquisition of Lakeside Bancshares, Inc. on July 14, 2026.
- Loans totaled $162.8 million at June 30, 2026, a 1% decrease from Q1 2026.
- Non-performing assets (NPAs) decreased 14% to $2.3 million at June 30, 2026.
- Total deposits increased 1% to $196.4 million at June 30, 2026.
- Net interest margin for Q2 2026 was 3.86%, up three basis points from Q1 2026.
- Repurchased 24,206 shares at an average cost of $16.20 during Q2 2026.
Price Impact
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