Catalyst Bancorp Reports Q2 2026 Earnings Amid Merger Integration
Catalyst Bancorp Inc. (CLST) reported second-quarter net income of $524,000 or $0.14 per diluted share for the quarter ended June 30, 2026, a slight decline from its first-quarter earnings of $558,000 or $0.15 per diluted share. The results include merger-related expenses totaling $87,000 (pre-tax) associated with the recent acquisition of Lakeside Bancshares and its subsidiary bank completed on July 14, 2026. Total loans at June 30 stood at $162.8 million, a decrease of $892,000 or 1% from March 31 due to loan conversions and repayments. Despite the decline in loan balances, credit quality remained stable with non-performing assets dropping by 14%, primarily driven by the payoff of a previously substandard commercial real estate loan. CEO Joe Zanco expressed optimism about Louisiana's economic outlook and highlighted growth opportunities in new markets following the acquisition.
Tickers: $CLST
Topics: banking loans mergers_and_acquisitions