---
schema_version: "secwatch.filing_event.v1"
accession: "0001849867-24-000003"
form_type: "8-K"
ticker: "CLST"
cik: "0001849867"
company_name: "Catalyst Bancorp, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:30:46.409878+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Catalyst Bancorp Q4 net income $320K; loan growth $9.2M, strongest since IPO

## Summary
- Q4 net income $320K including $371K CDFI grant; FY2023 net income $602K vs $180K in 2022.
- Loan portfolio grew $9.2M (7%) in Q4 to $144.9M, led by construction and commercial real estate.
- Net interest margin 3.14%, up 1 bps QoQ; total deposits flat at $165.6M.
- Borrowings from BTFP increased to $10M at 4.83%; total borrowings $19.4M.
- Expects ~$500K pre-tax costs in Q1 2024 for core system conversion, with >$200K annual savings.

## SEC filing metadata
- accession: 0001849867-24-000003
- form_type: 8-K
- ticker: CLST
- cik: 0001849867
- company_name: Catalyst Bancorp, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849867/000184986724000003/0001849867-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849867/000184986724000003/clst-20240125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849867-24-000003
- JSON: https://secwatch.observer/filing/0001849867-24-000003.json
- Plain text: https://secwatch.observer/filing/0001849867-24-000003.txt

## Key facts
- Earnings Releases
  Catalyst Bancorp, Inc. reported the fourth quarter of 2023 results: net income $320,000.
  - Period: the fourth quarter of 2023
  - Net income: $320,000
  - Result: reported results
  source text: Catalyst Bancorp, Inc. Announces 2023 Fourth Quarter Results Opelousas, Louisiana – Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported net income of $320,000 for the fourth quarter of 2023 which included a net pre-tax benefit of $371,000 due to a Bank Enterprise Award (“BEA”) Program grant from the Community Development Financial Institution (“CDFI”) Fund and a $92,000 loss on the sale of investment securities. For the year ended December 31, 2023, net income totaled $602,000, compared to $180,000 for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849867/000184986724000003/0001849867-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.