Every 8-K that Catalyst Bancorp, Inc. (CLST) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CLST and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CLST filings page.
Catalyst Bancorp, Inc., through its wholly owned subsidiary Catalyst Bank, entered into three-year employment agreements with Chief Operations Officer Amanda Quebedeaux and Chief Financial Officer Jacques Bourque, effective September 13, 2026 and expiring September 12, 2029, unless renewed or extended by the board.
Quebedeaux’s agreement provides a base salary of $162,500, and Bourque’s agreement provides a base salary of $117,500, each subject to potential increases at the Catalyst Bank board’s discretion. If either executive is involuntarily terminated, or resigns for defined “good reason,” they are entitled to a lump-sum severance equal to 12 months of base salary and up to 12 months of continued health insurance, subject to a release of claims. Upon certain terminations in connection with a change in control, they are entitled to a similar 12‑month salary severance based on the higher of salary at change in control or termination, plus up to 12 months of health coverage. If employment ends due to death, the executive’s estate or beneficiary receives 12 weeks of base salary and continued family health coverage for the same period.
Catalyst Bancorp, Inc. (CLST) disclosed that its wholly owned subsidiary, Catalyst Bank, entered into a new employment agreement with President and Chief Executive Officer Joseph B. Zanco effective August 17, 2026, replacing his prior agreement and running through August 17, 2029, with potential extensions subject to board review.
The agreement provides a base salary of $350,000, potential discretionary increases, and eligibility for the maximum allocation currently set at 25% of the stock option and restricted stock compensation pools. Mr. Zanco also receives $500,000 in additional life insurance and a supplemental benefit of $750,000 vesting over 15 years under a prior Restricted Executive Benefit Agreement.
If employment is involuntarily terminated without cause or for specified “good reason,” Mr. Zanco is entitled to a lump-sum severance equal to 12 months of base salary and continued health coverage for up to 12 months, subject to a release. If such a termination occurs on or within 30 days after a change in control, severance increases to a lump sum equal to 36 months of the greater of base salary at the change in control or termination, plus up to 36 months of health coverage. Upon death, his estate would receive 12 weeks of base salary and continued family health coverage for the same period.
Catalyst Bancorp, Inc. reported net income of $524,000 for the quarter ended June 30, 2026, or $0.14 per diluted share, compared with $558,000 and $0.15 in the prior quarter. Results included $87,000 of pre-tax merger-related expenses tied to the July 14, 2026 acquisition of Lakeside Bancshares, Inc.
Loans totaled $162.8 million and deposits $196.4 million at June 30, 2026, producing an 83% loan-to-deposit ratio. Credit quality improved as non-performing assets declined to $2.3 million, 0.80% of total assets, and non-performing loans fell to 1.43% of total loans, with most NPLs in one- to four-family mortgages.
Net interest margin rose to 3.86%, supported by higher-yielding securities, including $6.0 million of subordinated bank holding company debt purchased at a 6.3% weighted average yield, and lower interest expense. Shareholders’ equity was $82.5 million, 28.5% of assets, and is estimated at $78.7 million, or 12.5% of total assets, after the Lakeside merger. The company repurchased 24,206 shares in the quarter and had 4,034,091 shares outstanding at period-end.
Catalyst Bancorp, Inc. completed the cash acquisition of Lakeside Bancshares, Inc. and its subsidiary Lakeside Bank effective July 14, 2026, under a previously announced Agreement and Plan of Share Exchange and Merger. Lakeside shareholders, other than Dissenting Shares, receive $19.58 in cash per share, or $41.1 million in total. As of March 31, 2026, Lakeside Bank had $375.7 million in assets, $229.8 million in loans, $277.6 million in deposits and four full-service branches in Calcasieu Parish.
Based on March 31, 2026 data, the acquisition increases Catalyst Bank’s size to approximately $620 million in assets, with $390 million in loans and $478 million in deposits, and adds four branch locations in Southwest Louisiana. Catalyst plans to convert Lakeside’s branch and operating systems to those of Catalyst Bank in November 2026.
Catalyst states that financial statements of the business acquired and related pro forma financial information will be provided in an amendment within the permitted 71-day period and highlights typical forward-looking risks around integration, cost savings, and potential disruption to relationships.
Catalyst Bancorp, Inc., parent of Catalyst Bank, announced that Lakeside Bancshares shareholders have approved their pending merger and that all required regulatory approvals have been received. The mergers of Lakeside into Catalyst and Lakeside Bank into Catalyst Bank are expected to close on or about July 14, 2026, subject to remaining closing conditions in the merger agreement.
Catalyst Bancorp is a Louisiana bank holding company with $288.5 million in assets as of March 31, 2026, operating six full-service branches in the Acadiana region. Both the 8-K and the attached press release emphasize customary forward-looking statement cautions and outline integration, timing and execution risks related to the transaction.
Catalyst Bancorp, Inc. reported results of its Annual Meeting of shareholders. Investors elected directors Frederick R. Lafleur and Matthew L. Scruggins. Lafleur received 1,473,154 votes for, 790,019 withheld, and 669,464 broker non-votes, while Scruggins received 1,578,557 for, 684,616 withheld, and 669,464 broker non-votes. Shareholders also approved the ratification of the company’s independent registered public accounting firm with 2,926,395 votes for, 515 against, and 5,727 abstentions.
Catalyst Bancorp, Inc. reported stronger results for the first quarter of 2026, with net income of $558,000 and diluted EPS of $0.15, up from $456,000 and $0.13 in the prior quarter. Earnings included $95,000 of professional fees tied to its agreement to acquire Lakeside Bancshares.
Total loans were $163.7 million, down 4% from December 31, 2025, mainly from payoff of a $5.9 million commercial and industrial relationship, while deposits rose 5% to $195.4 million, lowering the loan-to-deposit ratio to 84%. Non-performing assets were $2.7 million, or 0.94% of total assets, and the allowance for credit losses on loans was $2.3 million, or 1.40% of total loans.
Net interest income was $2.5 million, up 2% quarter over quarter, as lower funding costs offset a modest decline in asset yields, resulting in a net interest margin of 3.83%. Total assets reached $288.5 million, and shareholders’ equity was $82.2 million, or 28.5% of total assets, with the company continuing share repurchases and planning to resume its November 2025 buyback program in the second quarter of 2026.
Catalyst Bancorp, Inc. is acquiring Lakeside Bancshares, Inc. in an all-cash deal valued at $19.58 per share, or $41.1 million in total, subject to adjustment. Lakeside shareholders will receive cash for each share, followed by mergers of both holding companies and their banks, with Catalyst and Catalyst Bank surviving.
Based on December 31, 2025 data, Lakeside had $385.7 million in assets, and the combined company is expected to have approximately $627.3 million in assets, $399.9 million in loans and $470.0 million in deposits. Catalyst expects the transaction to be over 180% accretive to earnings per share once cost savings are fully realized and accretive to tangible book value per share within three years of closing, while maintaining strong post-merger capital ratios of about 10.4% leverage and 15.4% total risk-based capital. The merger, unanimously approved by both boards, is targeted to close in the third quarter of 2026, subject to Lakeside shareholder approval and regulatory approvals.
Catalyst Bancorp, Inc. filed a current report to note that it has announced its financial results for the quarter ended December 31, 2025. The company released these results through a press release dated January 29, 2026, which is included as Exhibit 99.1.
The report clarifies that the results press release and related information furnished under Items 2.02 and 9.01 are not treated as filed for liability purposes under the Exchange Act and are not automatically incorporated into other SEC filings except by specific reference.
Catalyst Bancorp, Inc. reported that its Board of Directors approved a sixth share repurchase program, called the November 2025 Repurchase Plan. Under this plan, the company may buy back up to 205,000 shares of its common stock, which is approximately 5% of its outstanding shares. Repurchases may occur in open-market trades or privately negotiated transactions, depending on market conditions and other factors.
The new authorization is in addition to the company’s fifth repurchase plan announced in November 2024. As of the date of this report, 18,183 shares were still available to be repurchased under that earlier plan, so the company now has two active authorizations for buying back its stock.
Catalyst Bancorp (CLST) reported a change in independent auditor. After the partners and professional staff of HORNE LLP joined BDO USA, P.C., HORNE resigned as auditor on October 31, 2025. With Audit Committee approval, the Company appointed BDO on November 5, 2025.
The Company stated there were no disagreements with HORNE on accounting principles, disclosures, or audit scope during the period from March 28, 2025 through October 31, 2025, and HORNE did not issue reports on the Company’s financial statements.
Catalyst Bancorp, Inc. (CLST) furnished an update on its business by announcing results for the quarter ended September 30, 2025. The company provided a press release as Exhibit 99.1, offering details on the quarter.
The information under Items 2.02 and 9.01 is expressly furnished, not filed under the Exchange Act, and is not subject to Section 18 liabilities nor incorporated by reference unless specifically stated. The company’s common stock trades on the Nasdaq Capital Market under the symbol CLST.