Catalyst Bancorp, Inc. Announces 2026 Third Quarter Results
Key Highlights
- ➤Q3 net income $978,000, or $0.27 diluted EPS, up 87% sequentially
- ➤Lakeside acquisition added $379.5 million assets and $284.2 million deposits
- ➤Excluding merger costs, Q3 non-GAAP EPS reached $0.51
- ➤Total loans rose 136% to $383.5 million after Lakeside acquisition
- ➤Total deposits increased 142% to $475.5 million after Lakeside acquisition
Expert Statements
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“Significant economic momentum is building across Louisiana, highlighted most recently by the announcement of SpaceX's plan to invest $100 billion to build its largest launch facility in Vermilion Parish”
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“Given our acquisition of Lakeside, we now flank the largest capital investment in Louisiana history on both sides.”
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“Our team is focused on ensuring we play a key role in helping local businesses grow as the economy in the south central and southwest regions of our state is transformed by this and other economic development wins.”
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“Our progress integrating Lakeside has gone even better than expected to date”
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“As illustrated by our third quarter performance, with only two and a half months of combined operations and a systems conversion to come, our profitability has increased substantially.”
Joe Zanco, President and Chief Executive Officer of Catalyst Bancorp and Catalyst Bank
“Following our November systems conversion, we'll see further cost savings as we consolidate back-office operations.”
Catalyst Bancorp, Inc. Announces 2026 Third Quarter Results PR Newswire
OPELOUSAS, La., Oct. 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 $978,000, or $0.27 per diluted common share ("diluted EPS"), for the third quarter of 2026, up $454,000, or 87%, compared to net income of $524,000, or $0.14 diluted EPS, for the second quarter of 2026.
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