Catalyst Bancorp, Inc. Announces 2025 Fourth Quarter Results

Rhea-AI Summary

Catalyst Bancorp (Nasdaq: CLST) reported net income of $456,000 in Q4 2025 ($0.13 diluted EPS) and net income of $2.1 million for full-year 2025 ($0.56 diluted EPS), compared with a $3.1 million loss in 2024. Loans totaled $170.2M (up 3% QoQ) and investment securities were $65.4M. Net interest margin widened to 3.91%. Non-performing assets rose to 0.95% of assets. The company completed share repurchases and authorized a new plan to repurchase up to 205,000 shares.

Positive

• Full-year net income of $2.1M versus $3.1M loss in 2024
• Net interest margin widened to 3.91% in Q4 2025
• Total loans increased to $170.2M, up 3% QoQ
• Commercial and industrial loans rose 22% QoQ
• Completed repurchases and authorized up to 205,000-share repurchase plan

Negative

• Non-performing assets rose to $2.7M, 0.95% of total assets
• Non-performing loans increased to 1.55% of total loans
• Allowance for credit losses slightly declined to 1.39% of loans
• Net loan charge-offs increased to $42,000 in Q4 2025

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, CLST declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 net income: $456,000 2025 net income: $2.1 million Net interest margin: 3.91% +5 more

8 metrics

Q4 2025 net income $456,000 Fourth quarter 2025 results

2025 net income $2.1 million Year ended December 31, 2025 (vs $3.1M loss in 2024)

Net interest margin 3.91% Q4 2025, up three basis points vs prior quarter

Total loans $170.210 million As of December 31, 2025, up 3% from September 30, 2025

Non-performing assets $2.7 million (0.95% of assets) As of December 31, 2025, up from $1.9M (0.67%)

Allowance for credit losses $2.4 million (1.39% of loans) As of December 31, 2025, similar to September 30, 2025

Q4 share repurchases 54,693 shares at $14.76 Shares bought back during Q4 2025

Total shares repurchased 1,215,089 shares (23%) Cumulative since January 26, 2023 through December 31, 2025

Market Reality Check

Price: $15.55 Vol: Volume 1,833 shares vs 20...

low vol

$15.55 Last Close

Volume Volume 1,833 shares vs 20-day average 4,012 shares indicates lighter-than-typical trading. low

Technical Price $15.70 is above the 200-day MA at $13.18 and sits just below the 52-week high of $15.97.

Peers on Argus

Peers show mixed moves: CPBI up 2.02%, BOTJ up 0.54%, FNWB down 0.92%, others fl...

Peers show mixed moves: CPBI up 2.02%, BOTJ up 0.54%, FNWB down 0.92%, others flat. This suggests CLST’s move around the results was more stock-specific than sector-driven.

Common Catalyst At least one regional peer (FNWB) also reported quarterly results the same day, pointing to an earnings-driven news cycle in the group.

Historical Context

2 past events · Latest: Nov 20 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 20	Share repurchase plan	Positive	+0.4%	Board approved November 2025 Repurchase Plan for up to 205,000 shares.
Oct 23	Quarterly earnings	Neutral	+0.1%	Reported Q3 2025 net income of $489,000 with higher securities and deposits.

Pattern Detected

Recent news on buybacks and quarterly results has been followed by modestly positive price reactions, suggesting steady but not extreme sensitivity to such updates.

Recent Company History

Over the last few months, CLST has highlighted shareholder returns and steady profitability. On Oct 23, 2025, Q3 2025 results showed net income of $489,000 and continued share repurchases, with a small positive price reaction. On Nov 20, 2025, a new repurchase plan authorizing up to 205,000 shares lifted total buybacks to over 1.18 million shares and again saw a modest gain. Today’s Q4 2025 report extends that profitability trend and references the same November 2025 plan.

Market Pulse Summary

This announcement details a steady Q4 2025 performance, including net income of $456,000, full-year ...

Analysis

This announcement details a steady Q4 2025 performance, including net income of $456,000, full-year net income of $2.1 million, loan balances of $170.210 million, and a net interest margin of 3.91%. It also highlights active capital management, with 54,693 shares repurchased in the quarter and 1,215,089 cumulatively since 2023. At the same time, non-performing assets increased to $2.7 million, and NPLs reached 1.55% of loans, making future credit trends and deposit stability key areas to monitor.

Key Terms

non-performing assets, non-performing loans, allowance for credit losses, net loan charge-offs, +4 more

8 terms

non-performing assets financial

"At December 31, 2025, non-performing assets ("NPAs") totaled $2.7 million..."

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

non-performing loans financial

"Non-performing loans ("NPLs") were 1.55% and 1.11% of total loans..."

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

allowance for credit losses financial

"the allowance for credit losses on loans totaled $2.4 million, or 1.39% of total loans..."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

net loan charge-offs financial

"Net loan charge-offs totaled $42,000 during the fourth quarter of 2025..."

The amount banks and lenders remove from their balance sheets when loans are deemed uncollectible, after subtracting any later recoveries from previously written-off loans. It measures the net loss from borrowers who fail to repay their debts during a reporting period. Investors use it to judge a lender’s credit quality and potential future profits; rising net charge-offs are like a store repeatedly finding unpaid tabs it can’t collect, shrinking earnings and capital cushions.

net interest margin financial

"The net interest margin for the fourth quarter of 2025 was 3.91%..."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

basis points financial

"Net interest margin for the fourth quarter of 2025 was 3.91%, up three basis points..."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

bank-owned life insurance financial

"Income from bank-owned life insurance increased by $11,000, or 9%..."

Bank-owned life insurance (BOLI) is a life insurance policy that a bank purchases with itself as the beneficiary, typically on the lives of selected employees, so the bank receives the payout when a covered person dies. Investors care because these policies show up as assets on a bank’s balance sheet and generate tax-advantaged income and cash flow that can help offset employee benefit costs and smooth reported earnings—think of it as a low-profile savings vehicle that also provides a death benefit, which affects a bank’s reported profitability and risk profile.

Employee Stock Ownership Plan financial

"compensation expense related to the Employee Stock Ownership Plan due to a rise..."

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

AI-generated analysis. Not financial advice.

OPELOUSAS, La., Jan. 29, 2026 /PRNewswire/ -- Catalyst Bancorp, Inc. (Nasdaq: "CLST") (the "Company"), the parent company for Catalyst Bank (the "Bank") (www.catalystbank.com), reported net income of $456,000, or $0.13 per diluted common share ("diluted EPS"), for the fourth quarter of 2025, compared to net income of $489,000, or $0.13 diluted EPS, for the third quarter of 2025. For the year ended December 31, 2025, the Company reported net income of $2.1 million, or $0.56 diluted EPS, compared to a net loss of $3.1 million for the year ended December 31, 2024.

"Loan growth was strong during the quarter," said Joe Zanco, President and Chief Executive Officer of the Company and Bank. "We're also pleased to see our net interest margin widen as funding costs declined."

Loans

Loans totaled $170.2 million at December 31, 2025, up $5.4 million, or 3%, from September 30, 2025. The following table sets forth the composition of the Company's loan portfolio as of the dates indicated.

(Dollars in thousands)		12/31/2025			9/30/2025			Change
Real estate loans
One- to four-family residential		$	80,123		$	78,373		$	1,750		2	%
Commercial real estate			32,872			33,679			(807)		(2)
Construction and land			18,806			18,850			(44)		-
Multi-family residential			5,309			5,367			(58)		(1)
Total real estate loans			137,110			136,269			841		1
Other loans
Commercial and industrial			31,205			25,665			5,540		22	%
Consumer			1,895			2,833			(938)		(33)
Total other loans			33,100			28,498			4,602		16
Total loans		$	170,210		$	164,767		$	5,443		3

During the fourth quarter of 2025, a $2.2 million construction loan was converted to a fixed-rate residential mortgage loan. The increase in commercial and industrial loans during the fourth quarter of 2025 was largely driven by growth within the oilfield services segment of our loan portfolio.

The following table presents certain major segments of our commercial real estate, construction and land, and commercial and industrial loan balances as of the dates indicated.

(Dollars in thousands)		12/31/2025			9/30/2025			Change
Commercial real estate
Retail		$	9,455		$	9,725		$	(270)		(3)	%
Hospitality			5,632			5,742			(110)		(2)
Health service facilities			3,300			3,325			(25)		(1)
Restaurants			1,071			1,095			(24)		(2)
Oilfield services			365			374			(9)		(2)
Other non-owner occupied			2,349			2,380			(31)		(1)
Other owner occupied			10,700			11,038			(338)		(3)
Total commercial real estate		$	32,872		$	33,679		$	(807)		(2)
Construction and land
Multi-family residential		$	4,749		$	4,692		$	57		1	%
Health service facilities			10,547			9,695			852		9
Other commercial construction and land			2,112			1,772			340		19
Consumer residential construction and land			1,398			2,691			(1,293)		(48)
Total construction and land		$	18,806		$	18,850		$	(44)		-
Commercial and industrial
Oilfield services		$	17,295		$	9,532		$	7,763		81	%
Industrial equipment			7,064			7,865			(801)		(10)
Professional services			3,531			3,187			344		11
Other commercial and industrial			3,315			5,081			(1,766)		(35)
Total commercial and industrial loans		$	31,205		$	25,665		$	5,540		22

Credit Quality and Allowance for Credit Losses

At December 31, 2025, non-performing assets ("NPAs") totaled $2.7 million, compared to $1.9 million at September 30, 2025. The increase in NPAs was mainly due to an increase in non-accruing one- to four-family residential mortgage loans. The ratio of NPAs to total assets was 0.95% and 0.67% at December 31 and September 30, 2025, respectively. Non-performing loans ("NPLs") were 1.55% and 1.11% of total loans at December 31 and September 30, 2025, respectively. At December 31, 2025, 95% of total NPLs were one- to four-family residential mortgage loans, compared to 99% at September 30, 2025.

At December 31, 2025, the allowance for credit losses on loans totaled $2.4 million, or 1.39% of total loans, compared to $2.4 million, or 1.45% of total loans, at September 30, 2025. The provision for credit losses was $96,000 for the fourth quarter of 2025, compared to a $36,000 reversal of provision for credit losses for the third quarter of 2025. The provision for credit losses during the fourth quarter of 2025 was primarily driven by an increase in construction loan commitments and loan growth. Net loan charge-offs totaled $42,000 during the fourth quarter of 2025, compared to net charge-offs of $2,000 during the third quarter of 2025. Net loan charge-offs during 2025 have been primarily related to residential mortgage loans and overdrawn deposit accounts.

Investment Securities

Total investment securities were $65.4 million, or 23% of total assets, at December 31, 2025, up $5.6 million, or 9%, compared to September 30, 2025. During the fourth quarter of 2025, we purchased $5.0 million of variable-rate and $2.4 million of fixed-rate government-sponsored mortgage-backed securities. The weighted average yield of the securities purchased during the fourth quarter was 4.63% at December 31, 2025.

Deposits

Total deposits were $185.3 million at December 31, 2025, down $1.1 million, or 1%, from September 30, 2025. Total deposits averaged $181.5 million during the fourth quarter of 2025, compared to $179.8 million during the third quarter of 2025. The ratio of the Company's total loans to total deposits was 92% and 88% at December 31 and September 30 2025, respectively.

The following table sets forth the composition of the Company's deposits as of the dates indicated.

(Dollars in thousands)		12/31/2025			9/30/2025			Change
Non-interest-bearing demand deposits		$	29,991		$	27,617		$	2,374		9	%
Interest-bearing demand deposits			32,851			35,748			(2,897)		(8)
Money market			10,235			11,783			(1,548)		(13)
Savings			53,831			52,152			1,679		3
Certificates of deposit			58,366			59,072			(706)		(1)
Total deposits		$	185,274		$	186,372		$	(1,098)		(1)

The increase in non-interest-bearing demand deposits was primarily due to an increase in commercial deposits.

The decline in interest-bearing demand deposits was primarily due to a decrease in public fund deposits. Total public fund deposits amounted to $26.4 million, or 14% of total deposits, at December 31, 2025, compared to $30.5 million, or 16% of total deposits, at September 30, 2025. At December 31 and September 30, 2025, approximately 59% and 64%, respectively, of our total public fund deposits consisted of non-interest-bearing and interest-bearing demand deposits.

The decline in money market deposits was largely driven by decreases in balances of high-yield, personal deposits.

Capital and Share Repurchases

At December 31 and September 30, 2025, consolidated shareholders' equity totaled $81.7 million, or 28.9% of total assets, and $81.6 million, or 28.7% of total assets, respectively.

The Company repurchased 54,693 shares of its common stock at an average cost per share of $14.76 during the fourth quarter of 2025, compared to 13,212 shares at an average cost per share of $12.93 during the third quarter of 2025. During the fourth quarter of 2025, the Company completed repurchases under the November 2024 Repurchase Plan and announced the Company's sixth share repurchase plan (the "November 2025 Repurchase Plan"). Under the November 2025 Repurchase Plan, the Company may purchase up to 205,000 shares, or approximately 5%, of the Company's outstanding common stock. At December 31, 2025, 188,911 shares of the Company's common stock were available for repurchase under the November 2025 Repurchase Plan.

Since the announcement of our first share repurchase plan on January 26, 2023 and through December 31, 2025, the Company has repurchased a total of 1,215,089 shares of its common stock, or 23% of the common shares originally issued, at an average cost per share of $12.06. At December 31, 2025, the Company had common shares outstanding of 4,074,911.

Net Interest Income

The net interest margin for the fourth quarter of 2025 was 3.91%, up three basis points compared to the prior quarter. For the fourth quarter of 2025, the average yield on interest-earning assets was 5.53%, down three basis points from the prior quarter, and the average rate paid on interest-bearing liabilities was 2.50%, down 12 basis points from the third quarter of 2025.

Net interest income for the fourth quarter of 2025 was $2.5 million, up $57,000, or 2%, compared to the third quarter of 2025. Total interest income was up $35,000, or 1%, in the fourth quarter of 2025 compared to the prior quarter largely due to an increase in income on investment securities, which was partially offset by a decline in interest income on cash and due from banks. The change in interest income was largely the result of bond purchases during the third and fourth quarters of 2025. Total interest expense decreased $22,000, or 2%, in the fourth quarter of 2025 compared to the prior quarter. The decline in interest expense was mainly due to lower interest rates on public fund deposits and high-yield savings accounts during the fourth quarter of 2025. The decline in interest expense on deposits was partially offset by an increase in interest expense on borrowings due to an increase in the volume of short-term FHLB advances during the fourth quarter of 2025.

The following table sets forth, for the periods indicated, the Company's total dollar amount of interest income from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates, and the net interest margin. Taxable equivalent ("TE") yields have been calculated using a marginal tax rate of 21%. All average balances are based on daily balances.

		Three Months Ended
		12/31/2025									9/30/2025
(Dollars in thousands)		Average Balance			Interest			Average Yield/ Rate(TE)			Average Balance			Interest			Average Yield/ Rate(TE)
INTEREST-EARNING ASSETS
Loans receivable(1)		$	167,335		$	2,815		6.68	%		$	167,032		$	2,816		6.69	%
Investment securities(2)			65,352			511		3.17				51,731			345		2.71
Other interest earning assets			22,567			222		3.91				32,241			352		4.33
Total interest-earning assets		$	255,254		$	3,548		5.53			$	251,004		$	3,513		5.56
INTEREST-BEARING LIABILITIES
Demand deposits, money market, and savings accounts		$	93,710		$	467		1.98	%		$	94,308		$	529		2.22	%
Certificates of deposit			58,677			475		3.21				56,113			454		3.21
Total interest-bearing deposits			152,387			942		2.45				150,421			983		2.59
Borrowings			12,884			99		3.08				10,699			80		2.97
Total interest-bearing liabilities		$	165,271		$	1,041		2.50			$	161,120		$	1,063		2.62
Net interest-earning assets		$	89,983								$	89,884
Net interest income; average interest rate spread					$	2,507		3.03	%					$	2,450		2.94	%
Net interest margin(3)								3.91									3.88

(1)	Includes non-accrual loans during the respective periods. Calculated net of deferred fees and discounts and loans in-process.
(2)	Average investment securities does not include unrealized holding gains/losses on available-for-sale securities.
(3)	Equals net interest income divided by average interest-earning assets. Taxable equivalent yields are calculated using a marginal tax rate of 21%.

Non-interest Income

Non-interest income for the fourth quarter of 2025 totaled $362,000, up $47,000, or 15%, compared to the third quarter of 2025. During the third quarter of 2025, we corrected an immaterial technical error related to fees charged for the use of foreign ATMs and refunded $30,000 of fees that were applied in error. The refunded fees decreased income from service charges on deposit accounts for the third quarter of 2025.

Income from bank-owned life insurance increased by $11,000, or 9%, for the fourth quarter of 2025 compared to the prior quarter largely due to an internal exchange of certain existing policies.

Non-interest Expense

Non-interest expense for the fourth quarter of 2025 totaled $2.2 million, up $20,000, or 1%, compared to the third quarter of 2025.

Salaries and employee benefits expense for the fourth quarter of 2025 totaled $1.3 million, up $22,000, or 2%, from the prior quarter. The increase was largely due to a new hire, an increase in compensation expense related to the Employee Stock Ownership Plan due to a rise in the Company's average stock price, and annual raises that were made effective during the fourth quarter of 2025. 

Occupancy and equipment expense for the fourth quarter of 2025 totaled $196,000, down $24,000, or 11%, from the prior quarter.  During the third quarter of 2025, the Company incurred additional repairs and maintenance costs for a vandalized ATM. During the fourth quarter of 2025, landscaping and utilities expenses were down driven by cooler temperatures during the last three months of the year.

Foreclosed assets expense for the fourth quarter of 2025 totaled $17,000, up $10,000 from the prior quarter. In the fourth quarter of 2025, the Company incurred a loss of $14,000 on the sale of foreclosed real estate. The third quarter of 2025 included a $4,000 write-down on foreclosed assets.

About Catalyst Bancorp, Inc.

Catalyst Bancorp, Inc. (Nasdaq: CLST) is a Louisiana corporation and registered bank holding company for Catalyst Bank, its wholly-owned subsidiary, with $282.9 million in assets at December 31, 2025. Catalyst Bank, formerly St. Landry Homestead Federal Savings Bank, has been in operation in the Acadiana region of south-central Louisiana since 1922. With a focus on fueling business and improving lives throughout the region, Catalyst Bank offers commercial and retail banking products through our six full-service branches located in Carencro, Eunice, Lafayette, Opelousas, and Port Barre. To learn more about Catalyst Bancorp and Catalyst Bank, visit www.catalystbank.com, or the website of the Securities and Exchange Commission, www.sec.gov.

Forward-looking Statements

This news release reflects industry conditions, Company performance and financial results and contains "forward-looking statements,' which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company's actual results and experience to differ materially from the anticipated results and expectation expressed in such forward-looking statements.

Factors that could cause our actual results to differ materially from our forward-looking statements are described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Supervision and Regulation" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website and the Company's website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. 

Forward-looking statements represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

 

CATALYST BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
(Dollars in thousands)		12/31/2025			9/30/2025			12/31/2024
ASSETS
Non-interest-bearing cash		$	4,132		$	4,515		$	4,076
Interest-bearing cash and due from banks			21,073			32,756			40,219
Total cash and cash equivalents			25,205			37,271			44,295
Investment securities:
Securities available-for-sale, at fair value			50,467			44,853			28,712
Securities held-to-maturity			14,917			14,945			13,447
Loans receivable, net of unearned income			170,210			164,767			167,076
Allowance for credit losses			(2,367)			(2,397)			(2,522)
Loans receivable, net			167,843			162,370			164,554
Accrued interest receivable			907			861			851
Foreclosed assets			34			76			194
Premises and equipment, net			5,850			5,954			6,085
Stock in correspondent banks, at cost			1,139			939			1,961
Bank-owned life insurance			14,983			14,849			14,489
Other assets			1,582			1,716			2,109
TOTAL ASSETS		$	282,927		$	283,834		$	276,697
LIABILITIES
Deposits:
Non-interest-bearing		$	29,991		$	27,617		$	28,281
Interest-bearing			155,283			158,755			157,393
Total deposits			185,274			186,372			185,674
Borrowings			14,732			14,693			9,558
Other liabilities			1,196			1,184			1,261
TOTAL LIABILITIES			201,202			202,249			196,493
SHAREHOLDERS' EQUITY
Common stock			41			41			43
Additional paid-in capital			37,363			37,997			39,561
Unallocated common stock held by benefit plans			(5,182)			(5,260)			(5,702)
Retained earnings			51,912			51,456			49,860
Accumulated other comprehensive loss			(2,409)			(2,649)			(3,558)
TOTAL SHAREHOLDERS' EQUITY			81,725			81,585			80,204
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	282,927		$	283,834		$	276,697

 

CATALYST BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
		Three Months Ended									Year Ended
(Dollars in thousands)		12/31/2025			9/30/2025			12/31/2024			12/31/2025			12/31/2024
INTEREST INCOME
Loans receivable, including fees		$	2,815		$	2,816		$	2,814		$	11,161		$	10,128
Investment securities			511			345			273			1,425			1,063
Cash and due from banks			215			345			401			1,254			2,585
Other			7			7			23			56			86
Total interest income			3,548			3,513			3,511			13,896			13,862
INTEREST EXPENSE
Deposits			942			983			859			3,791			3,229
Borrowings			99			80			180			315			1,088
Total interest expense			1,041			1,063			1,039			4,106			4,317
Net interest income			2,507			2,450			2,472			9,790			9,545
Provision for (reversal of) credit losses			96			(36)			-			60			531
Net interest income after provision for (reversal of) credit losses			2,411			2,486			2,472			9,730			9,014
NON-INTEREST INCOME (LOSS)
Service charges on deposit accounts			210			172			201			781			798
Bank-owned life insurance			134			123			119			494			463
Loss on sales of investment securities			-			-			-			-			(5,507)
Other income on foreclosed assets			-			-			-			216			-
Gain (loss) on sale of fixed assets			-			(1)			-			(1)			6
Federal community development grant			-			-			-			-			280
Other			18			21			17			84			120
Total non-interest income (loss)			362			315			337			1,574			(3,840)
NON-INTEREST EXPENSE
Salaries and employee benefits			1,334			1,312			1,227			5,153			4,830
Occupancy and equipment			196			220			193			823			765
Data processing and communication			181			179			179			718			1,349
Professional fees			98			91			94			404			469
Directors' fees			123			123			116			477			461
ATM and debit card			28			24			17			103			141
Foreclosed assets, net			17			7			7			131			74
Advertising and marketing			37			35			17			131			129
Other			208			211			188			860			939
Total non-interest expense			2,222			2,202			2,038			8,800			9,157
Income (loss) before income tax expense (benefit)			551			599			771			2,504			(3,983)
Income tax expense (benefit)			95			110			145			452			(894)
NET INCOME (LOSS)		$	456		$	489		$	626		$	2,052		$	(3,089)
Earnings (loss) per share:
Basic		$	0.13		$	0.13		$	0.16		$	0.56		$	(0.78)
Diluted			0.13			0.13			0.16			0.56			(0.78)

 

CATALYST BANCORP, INC. AND SUBSIDIARY
SELECTED FINANCIAL DATA
(Unaudited)
		Three Months Ended												Year Ended
(Dollars in thousands)		12/31/2025				9/30/2025				12/31/2024				12/31/2025				12/31/2024
EARNINGS DATA
Total interest income		$	3,548			$	3,513			$	3,511			$	13,896			$	13,862
Total interest expense			1,041				1,063				1,039				4,106				4,317
Net interest income			2,507				2,450				2,472				9,790				9,545
Provision for (reversal of) credit losses			96				(36)				-				60				531
Total non-interest income (loss)			362				315				337				1,574				(3,840)
Total non-interest expense			2,222				2,202				2,038				8,800				9,157
Income tax expense (benefit)			95				110				145				452				(894)
Net income (loss)		$	456			$	489			$	626			$	2,052			$	(3,089)
AVERAGE BALANCE SHEET DATA
Total loans		$	167,335			$	167,032			$	167,187			$	167,038			$	155,867
Total interest-earning assets			255,254				251,004				251,058				250,546				261,654
Total assets			277,546				272,987				272,443				272,415				281,817
Total interest-bearing deposits			152,387				150,421				142,149				150,480				143,250
Total interest-bearing liabilities			165,271				161,120				160,812				161,183				169,643
Total deposits			181,537				179,825				170,991				179,486				172,092
Total shareholders' equity			81,739				81,136				80,988				80,982				81,480
SELECTED RATIOS
Return on average assets			0.65	%			0.71	%			0.91	%			0.75	%			(1.10)	%
Return on average equity			2.22				2.39				3.08				2.53				(3.79)
Efficiency ratio			77.40				79.67				72.54				77.43				160.51
Net interest margin(TE)			3.91				3.88				3.92				3.92				3.65
Average equity to average assets			29.45				29.72				29.73				29.73				28.91
Common equity Tier 1 capital ratio(1)			42.45				43.95				45.81
Tier 1 leverage capital ratio(1)			27.36				27.58				28.73
Total risk-based capital ratio(1)			43.71				45.20				47.07
NON-FINANCIAL DATA
Total employees (full-time equivalent)			49				49				49
Common shares issued and outstanding, end of period			4,074,911				4,129,604				4,278,150

(1)     Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change.

 

CATALYST BANCORP, INC. AND SUBSIDIARY
SELECTED FINANCIAL DATA
(continued)
		Three Months Ended												Year Ended
(Dollars in thousands)		12/31/2025				9/30/2025				12/31/2024				12/31/2025				12/31/2024
ALLOWANCE FOR CREDIT LOSSES
Loans:
Beginning balance		$	2,397			$	2,431			$	2,414			$	2,522			$	2,124
Provision for (reversal of) credit losses			12				(32)				110				(30)				667
Charge-offs			(60)				(37)				(28)				(213)				(392)
Recoveries			18				35				26				88				123
Net charge-offs			(42)				(2)				(2)				(125)				(269)
Ending balance		$	2,367			$	2,397			$	2,522			$	2,367			$	2,522
Unfunded commitments:
Beginning balance		$	127			$	131			$	231				121				257
Provision for (reversal of) credit losses on unfunded commitments			84				(4)				(110)				90				(136)
Ending balance		$	211			$	127			$	121			$	211			$	121
Total provision for (reversal of) credit losses		$	96			$	(36)			$	-			$	60			$	531
CREDIT QUALITY(1)
Non-accruing loans		$	2,248			$	1,459			$	1,567
Accruing loans 90 days or more past due			395				364				64
Total non-performing loans			2,643				1,823				1,631
Foreclosed assets			34				76				194
Total non-performing assets		$	2,677			$	1,899			$	1,825
Total non-performing loans to total loans			1.55	%			1.11	%			0.98	%
Total non-performing assets to total assets			0.95				0.67				0.66

(1)     Credit quality data and ratios are as of the end of each period presented.

 

For more information:
Joe Zanco, President and CEO
(337) 948-3033

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SOURCE Catalyst Bancorp, Inc.

FAQ

What were Catalyst Bancorp (CLST) Q4 2025 earnings and EPS?

Catalyst Bancorp reported Q4 2025 net income of $456,000, or $0.13 diluted EPS. According to the company, this compares to $489,000 and $0.13 diluted EPS in Q3 2025, and contributed to a full-year net income of $2.1 million for 2025.

How did Catalyst Bancorp's loan portfolio change in Q4 2025 (CLST)?

Total loans rose to $170.2 million, a 3% increase from September 30, 2025. According to the company, commercial and industrial loans grew 22% QoQ, driven largely by growth in the oilfield services segment.

What is Catalyst Bancorp's (CLST) capital and share repurchase activity through Dec 31, 2025?

The company repurchased 54,693 shares in Q4 2025 and has authorized a plan to buy up to 205,000 shares. According to the company, total repurchases since Jan 26, 2023 equal 1,215,089 shares, about 23% of originally issued common shares.

Did Catalyst Bancorp (CLST) see changes in credit quality in Q4 2025?

Non-performing assets increased to $2.7 million (0.95% of assets) and non-performing loans rose to 1.55% of loans. According to the company, the rise was mainly due to more non-accruing one- to four-family residential mortgage loans.

How did net interest income and margin perform for Catalyst Bancorp (CLST) in Q4 2025?

Net interest income was $2.5 million and net interest margin widened to 3.91% in Q4 2025. According to the company, margin improvement reflected lower funding costs and income from recent investment security purchases.