secwatch.observer — SEC 8-K summary
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Issuer:     Catalyst Bancorp, Inc. (CLST)
CIK:        0001849867
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001849867-24-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Catalyst Bancorp authorizes 215,000-share buyback (5% of outstanding); Q3 loan growth record $21M
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- New repurchase plan allows up to 215,000 shares (~5% of outstanding); 9,799 shares remain under prior May 2024 plan.
- Since Jan 2023, company repurchased 972,916 shares (~18% of original issued) at avg cost $11.93 per share.
- Record Q3 loan growth of $21M driven by organic customer growth; branch network expanded to Carencro and Lafayette.
- Systems upgrade reduces non-interest expense by over $200K annually; employee count held steady despite 50% branch increase.
- CEO notes no M&A opportunities yet but maintains capital and management depth for future deals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000033/0001849867-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849867/000184986724000033/clst-20241125x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849867-24-000033

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