Catalyst Bancorp, Inc. Announces 2026 First Quarter Results

Catalyst Bancorp, Inc. reported net income of $558,000, or $0.15 per diluted common share, for the first quarter of 2026. This represents an increase from the $456,000, or $0.13 diluted EPS, reported for the fourth quarter of 2025. The first quarter results include $95,000 in professional fees related to the acquisition of Lakeside Bancshares, Inc. Total assets were $288.5 million as of March 31, 2026. Loans totaled $163.7 million, a decrease of 4% from the previous quarter, while deposits increased by 5% to $195.4 million. The net interest margin was 3.83%, a slight decrease from the prior quarter. Non-interest income decreased by 3%, primarily due to lower service charges on deposit accounts. Non-interest expense increased by 3%, with a notable rise in professional fees related to the Lakeside acquisition. The company repurchased 16,614 shares of common stock during the quarter and expects to resume repurchases in the second quarter of 2026.