Catalyst Bancorp reported second-quarter 2026 net income of 14 cents per share, unchanged from a year earlier. Net interest income rose 5% to $2.6 million, while total non-interest expense climbed 9.3% to $2.4 million, reflecting merger-related costs tied to the Lakeside Bancshares acquisition. Net loans receivable declined 2.7% year over year to $160.6 million, though credit quality improved with non-performing assets falling 14% sequentially to $2.3 million. The company completed the Lakeside acquisition on July 14, 2026, expanding into Southwest Louisiana, and repurchased 24,206 shares at an average price of $16.20 per share during the quarter.
Catalyst Bancorp IncQ2 earnings flat year over year with merger costs and loan weakness weighing on results.
