Catalyst Bancorp Q2 net income falls to $39k; deposit outflows and NIM compression weigh

Catalyst Bancorp, Inc.

2023-Q2 EPS reported $0.03

Net income $39,000 in Q2 2023, halved from $73,000 in Q1; EPS not disclosed.
Net interest margin 3.02%, down 8bps QoQ; net interest income $1.9M, down 3% from Q1.
Deposits fell $8.3M (5%) to $171.4M; public fund deposits dropped from $40.1M to $24.7M.
Repurchased 129,070 shares at avg $10.65; 156,542 shares remain under April 2023 plan.
Unrealized losses on AFS securities increased to $10.9M from $10.1M; NPAs at 0.82% of assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Catalyst Bancorp, Inc. reported the second quarter of 2023 results: net income $39,000.

Period: the second quarter of 2023
Net income: $39,000
Result: reported results

Exact text from the filing

For the quarter, the Company reported net income of $39,000, compared to $73,000 for the first quarter of 2023.

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Catalyst Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001849867-23-000030

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