Q1 net income $73K; board approves second share repurchase plan for 5% of shares

Catalyst Bancorp, Inc.

2023-Q1 EPS reported $0.02

Net income $73,000 for Q1 2023, down from $171,000 in Q4 2022.
Net interest margin 3.10%, up 14 bps QoQ; total deposits up $14.6M (9%) from Dec 2022.
Board approved second share repurchase plan for up to 252,000 shares (~5% of outstanding).
Completed prior buyback of 265,000 shares at avg $12.62; total risk-based capital ratio 57.69%.

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 0.95

Catalyst Bancorp, Inc. reported first quarter of 2023 results: net income $73,000.

Period: first quarter of 2023
Net income: $73,000
Result: reported results

Exact text from the filing

Catalyst Bancorp, Inc. Announces 2023 First Quarter Results

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Catalyst Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001849867-23-000017

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