secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001849867-24-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000023/0001849867-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000023/clst-20240731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-24-000023

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