Catalyst Bancorp Q4 net income rises 27% to $171K; approves first share repurchase plan

Catalyst Bancorp, Inc.

2022-FY EPS reported $0.04

Q4 2022 net income $171K, up 27% from Q3 2022; net interest margin 2.96%, up 21 bps.
Loans grew 1% to $133.6M; deposits decreased 10% to $165.1M.
Board authorizes repurchase of up to 265,000 shares (~5% of outstanding common stock).
Non-performing assets $2.0M (0.76% of total assets); allowance 1.35% of loans.
No provision for loan losses; net loan recoveries of $3K in Q4.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Catalyst Bancorp, Inc. reported the fourth quarter of 2022 results: net income $171,000.

Period: the fourth quarter of 2022
Net income: $171,000
Result: reported results

Exact text from the filing

Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported financial results for the fourth quarter of 2022. For the quarter, the Company reported net income of $171,000, up $36,000, or 27%, from the third quarter of 2022.

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Source: SEC EDGAR

accession 0001849867-23-000004

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