Catalyst Bancorp Q2 net income $527K vs Q1 loss of $4.7M; loans up 7% QoQ

Catalyst Bancorp, Inc.

2024-Q2 EPS reported -$1.03

Net income of $527,000 for Q2 2024, compared to net loss of $4.7M in Q1 2024 (included $5.5M loss on sale of securities).
Loans totaled $153.3M, up $9.8M (7%) from March 31, 2024, driven by commercial and industrial growth (52% increase).
Net interest margin expanded 60 bps to 3.72% in Q2; net interest income up 17% QoQ to $2.4M.
Repurchased 79,802 shares at average cost $11.88 during Q2; 172,527 shares remain available under plan.
Non-interest expense down 26% QoQ to $2.1M as Q1 included $560K in core system conversion costs.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.