earnings
confidence high
sentiment neutral
materiality 0.55
Catalyst Bancorp posts Q3 net income of $139K; loans down, NPAs rise to 0.68%
Catalyst Bancorp, Inc.
2022-Q3 EPS reported
$0.01
- Net income $139,000 (+$121,000 QoQ); net interest margin 2.75% (+4 bps).
- Loans fell 1% to $131.7M; deposits grew 3% to $184.2M.
- Non-performing assets up 19% to $1.9M (0.68% of assets vs 0.57% prior).
- Allowance for loan losses decreased to 1.37% of loans from 1.48%.
- Rebranding costs fell to $28K from $208K; prior Q2 had $171K CDFI grant.