Catalyst Bancorp Q1 net income rises from prior quater

Catalyst Bancorp

30/04/2026 12:29

Overview

US community bank's Q1 net income rose from prior quarter, diluted EPS at $0.15

Net interest margin declined to 3.83%

Company paused share repurchases during Q1 due to pending Lakeside acquisition

Outlook

Company expects to resume share repurchases in the second quarter of 2026

Result Drivers

DEPOSIT GROWTH - Higher average deposits, including public fund deposits, fueled increased income on cash balances, supporting net interest income

PROFESSIONAL FEES - Higher professional fees related to the pending Lakeside acquisition increased non-interest expenses

Company press release: ID:nPn31bbJxa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
$2.50 mln
Q1 Net Interest Margin
3.83%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)