---
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"
generated_at: "2026-06-03T00:53:50.629676+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Catalyst Bancorp reports Q1 net loss of $4.7M; approves new share repurchase plan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849867-24-000015
- JSON: https://secwatch.observer/filing/0001849867-24-000015.json
- Plain text: https://secwatch.observer/filing/0001849867-24-000015.txt

## Key facts
- Earnings Releases
  Catalyst Bancorp, Inc. reported first quarter of 2024 results: net income net loss of $4.7 million.
  - Period: first quarter of 2024
  - Net income: net loss of $4.7 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1849867/000184986724000015/0001849867-24-000015-index.htm

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