{"schema_version":"secwatch.filing_event.v1","accession":"0001849867-24-000015","form_type":"8-K","ticker":"CLST","cik":"0001849867","company_name":"Catalyst Bancorp, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.808018+00:00","generated_at":"2026-06-03T00:53:50.629676+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Catalyst Bancorp reports Q1 net loss of $4.7M; approves new share repurchase plan","bullets":["Net loss of $4.7M includes $5.5M loss on sale of $48M in lower-yielding securities and $560K core system conversion costs.","Proceeds of $42.6M from securities sale to be used for loans, higher-yielding investments, share repurchases, and debt repayment.","Board approved May 2024 Repurchase Plan to buy back up to 227,000 shares (~5% of outstanding common stock).","Entered employment agreement with Don Ledet as Chief Risk Officer: base salary of $150,000, three-year term through May 2027.","Net interest margin increased to 3.15% from 3.14% QoQ; net interest income rose 8% to $2.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001849867-24-000015","json":"https://secwatch.observer/filing/0001849867-24-000015.json","markdown":"https://secwatch.observer/filing/0001849867-24-000015.md","text":"https://secwatch.observer/filing/0001849867-24-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849867/000184986724000015/0001849867-24-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849867/000184986724000015/clst-20240502x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:53:50.629676+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ee89a488ca82684cfe8f17b28581774b7f6d3a1e","claim":"Catalyst Bancorp, Inc. reported first quarter of 2024 results: net income net loss of $4.7 million.","evidence_excerpt":"Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported a net loss of $4.7 million for the first quarter of 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849867/000184986724000015/0001849867-24-000015-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Net income","value":"net loss of $4.7 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}