Welcome to our dedicated page for Catalyst Bancorp news (Ticker: CLST), a resource for investors and traders seeking the latest updates and insights on Catalyst Bancorp stock.
Catalyst Bancorp, Inc. (CLST) maintains this dedicated news hub for investors and community stakeholders tracking its operations in Louisiana's Acadiana region. Our curated collection features official press releases, regulatory filings, and strategic updates from the federally chartered community bank.
Access timely information on quarterly earnings, technology upgrades, and loan portfolio developments that shape Catalyst's role in regional economic growth. The archive includes details about commercial lending initiatives, deposit service enhancements, and participation in community development programs like the CDFI Fund.
This resource serves both financial professionals analyzing the bank's performance and local businesses monitoring accessible credit options. All content is sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for centralized access to Catalyst Bancorp's latest financial updates, leadership announcements, and operational milestones. Check regularly for insights into how Louisiana's evolving economic landscape impacts this community-focused institution.
Catalyst Bancorp (CLST) reported Q1 2025 net income of $586,000, down from $626,000 in Q4 2024. Total loans decreased by $1.0 million to $166.1 million, while deposits declined by $5.1 million to $180.6 million.
Key financial metrics include:
- Net interest margin of 3.89%, down 3 basis points from previous quarter
- Non-performing assets ratio of 0.63%, improving from 0.66%
- Allowance for credit losses remained at $2.5 million (1.51% of total loans)
- Shareholders' equity totaled $80.6 million (29.7% of total assets)
The company continued its share repurchase program, buying back 72,949 shares at an average cost of $11.86 per share. Since January 2023, CLST has repurchased approximately 21% of originally issued shares.
Catalyst Bancorp (NASDAQ: CLST) reported Q4 2024 net income of $626,000, a 40% increase from Q3 2024's $447,000. The loan portfolio grew by a record $22.2 million (15%) year-over-year, reaching $167.1 million by December 31, 2024.
Key Q4 metrics include: total deposits increased 11% to $185.7 million; net interest margin improved to 3.92%; non-performing assets ratio was 0.66%; and the allowance for loan losses stood at 1.51% of total loans. The company maintained a strong capital position with consolidated shareholders' equity at 29.0% of total assets.
During Q4, CLST repurchased 120,977 shares at an average cost of $11.70 per share. Since January 2023, the company has repurchased approximately 19% of originally issued shares at an average cost of $11.93 per share.
Catalyst Bancorp (Nasdaq: CLST) has announced its fifth share repurchase plan, allowing the purchase of up to 215,000 shares (approximately 5%) of outstanding common stock. Since January 2023, the company has repurchased 972,916 shares (18% of originally issued shares) at an average cost of $11.93 per share. The company reports record loan growth of $21 million through Q3 2024, expanded branch network with new locations in Carencro and Lafayette, and achieved system upgrades resulting in over $200,000 annual reduction in non-interest expenses.
Catalyst Bancorp (NASDAQ: CLST) reported Q3 2024 net income of $447,000, down $80,000 from Q2 2024's $527,000. The quarter included a $238,000 pre-tax benefit from a CDFI Fund BEA Program grant. Loan portfolio grew by a record $12.6 million to $165.9 million, an 8% increase from Q2. Net interest margin improved to 3.86%, up 14 basis points from previous quarter. Non-performing assets ratio remained stable at 0.57%. The company continued its share repurchase program, buying back 79,400 shares at an average cost of $11.75 per share.
Catalyst Bancorp (Nasdaq: CLST) reported net income of $527,000 for Q2 2024, compared to a net loss of $4.7 million in Q1 2024. The improvement was largely due to the absence of a $5.5 million loss on investment securities sales and $560,000 in data conversion expenses from Q1. Loans increased by 7% to $153.3 million, with strong growth in commercial and industrial loans. The net interest margin improved to 3.72%, up 60 basis points from Q1. Total deposits grew by 6% to $180.1 million. Credit quality remained stable with non-performing assets at 0.58% of total assets. The company continued its share repurchase program, buying back 79,802 shares at an average cost of $11.88 per share during Q2.
Catalyst Bancorp, Inc. (CLST) reported a net loss of $4.7 million for Q1 2024, due to strategic moves like upgrading banking systems and selling lower-yielding securities to enhance growth prospects. The company plans to invest in new loans, higher-yielding securities, share repurchases, and debt repayments with $42.6 million in cash generated from sales.
Despite a slight decrease in loans and non-performing assets, the company's credit quality remains stable. The approval of a new share repurchase plan and increased net interest income are positive indicators for investors.
Catalyst Bancorp, Inc. (Nasdaq: CLST) reported Q1 2023 net income of $73,000, down from $171,000 in Q4 2022. Despite the decline in net income, the bank maintained a solid capital position with a risk-based capital ratio of 57.69% and total shareholders' equity of $86.1 million, representing 31.2% of total assets. The bank is initiating a share repurchase plan allowing for the purchase of up to 252,000 shares. Total loans decreased slightly to $132.7 million, with a non-performing loan ratio of 1.27%. The bank's net interest income rose 3% to $2 million, aided by higher interest income from loans and investment securities, although non-interest income fell 2% to $294,000.
