--- title: "Catalyst Ban | 8-K: FY2026 Q2 Revenue: USD 2.952 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294377307.md" datetime: "2026-07-30T13:49:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294377307.md) - [en](https://longbridge.com/en/news/294377307.md) - [zh-HK](https://longbridge.com/zh-HK/news/294377307.md) --- # Catalyst Ban | 8-K: FY2026 Q2 Revenue: USD 2.952 M Revenue: As of FY2026 Q2, the actual value is USD 2.952 M. EPS: As of FY2026 Q2, the actual value is USD 0.14. EBIT: As of FY2026 Q2, the actual value is USD 676 K. ### Net Income Catalyst Bancorp, Inc. reported net income of $524,000 for the second quarter of 2026, which decreased from $558,000 in the first quarter of 2026 but increased from $521,000 in the second quarter of 2025. For the six months ended June 30, 2026, net income was $1,082,000, down from $1,107,000 for the same period in 2025. ### Merger-Related Expenses Merger-related expenses (pre-tax) were $87,000 for the second quarter of 2026, a decrease from $95,000 (pre-tax) in the first quarter of 2026. ### Loans Total loans amounted to $162,785,000 at June 30, 2026, representing a decrease of $892,000, or 1%, from $163,677,000 at March 31, 2026. #### Loan Portfolio Composition (June 30, 2026 vs. March 31, 2026) - One- to four-family residential loans decreased by $1,394,000 (-2%) to $76,699,000. - Commercial real estate loans increased by $3,753,000 (11%) to $37,426,000. - Construction and land loans decreased by $3,818,000 (-19%) to $15,943,000. - Multi-family residential loans decreased by $57,000 (-1%) to $4,724,000. - Commercial and industrial loans increased by $630,000 (2%) to $26,256,000. - Consumer loans decreased by $6,000 to $1,737,000. During the second quarter of 2026, a $5.0 million construction loan was converted to an amortizing commercial real estate loan. ### Credit Quality and Allowance for Credit Losses Non-performing assets (NPAs) totaled $2.3 million at June 30, 2026, a decrease of $385,000, or 14%, from $2.7 million at March 31, 2026. The ratio of NPAs to total assets was 0.80% at June 30, 2026, down from 0.94% at March 31, 2026. Non-performing loans (NPLs) were 1.43% of total loans at June 30, 2026, compared to 1.64% at March 31, 2026. At June 30, 2026, 96% of total NPLs were one- to four-family residential mortgage loans, an increase from 82% at March 31, 2026. The allowance for credit losses on loans totaled $2.2 million, or 1.34% of total loans, at June 30, 2026, compared to $2.3 million, or 1.40% of total loans, at March 31, 2026. Catalyst Bancorp, Inc. recorded a $104,000 reversal of provision for credit losses for the second quarter of 2026, which was higher than the $70,000 reversal for the first quarter of 2026. Net loan charge-offs were $1,000 during the second quarter of 2026, significantly lower than the $37,000 recorded during the first quarter of 2026. ### Investment Securities Total investment securities amounted to $67.1 million, or 23% of total assets, at June 30, 2026, an increase of $3.9 million, or 6%, compared to March 31, 2026. During the second quarter of 2026, the company purchased $6.0 million of subordinated debt with a weighted average yield of 6.3%. ### Deposits Total deposits were $196.4 million at June 30, 2026, an increase of $1.0 million, or 1%, from $195.4 million at March 31, 2026. Average total deposits for the second quarter of 2026 were $198.8 million, up from $198.2 million in the first quarter of 2026. The ratio of total loans to total deposits was 83% at June 30, 2026, compared to 84% at March 31, 2026. #### Deposit Composition (June 30, 2026 vs. March 31, 2026) - Non-interest-bearing demand deposits increased by $607,000 (2%) to $35,346,000. - Interest-bearing demand deposits decreased by $582,000 (-2%) to $32,667,000. - Savings deposits increased by $3,861,000 (6%) to $64,386,000. - Certificates of deposit decreased by $2,822,000 (-5%) to $54,742,000. Growth in high-yield savings accounts was a primary driver of deposit growth in both the first and second quarters of 2026. ### Capital and Share Repurchases Consolidated shareholders’ equity was $82.5 million at June 30, 2026, up from $82.2 million at March 31, 2026. As a percentage of total assets, shareholders’ equity was 28.5% at June 30, 2026. Catalyst Bancorp, Inc. repurchased 24,206 shares of its common stock at an average cost of $16.20 per share during the second quarter of 2026, compared to 16,614 shares at an average cost of $15.71 per share in the first quarter of 2026. As of June 30, 2026, 148,091 shares were available for repurchase under the November 2025 Repurchase Plan. ### Net Interest Income The net interest margin for the second quarter of 2026 was 3.86%, a three basis point increase from the prior quarter. The average yield on interest-earning assets was 5.34%, down two basis points, while the average rate paid on interest-bearing liabilities was 2.31%, down four basis points from the first quarter of 2026. Net interest income for the second quarter of 2026 was $2.6 million, an increase of $46,000, or 2%, compared to the first quarter of 2026. Total interest income increased by $14,000, or less than 1%, while total interest expense decreased by $32,000, or 3%, in the second quarter of 2026 compared to the prior quarter. ### Non-interest Expense Total non-interest expense for the second quarter of 2026 was $2.4 million, an increase of $97,000, or 4%, compared to $2.3 million in the first quarter of 2026. #### Key components of Non-interest Expense - Professional fees totaled $175,000, including $64,000 of merger-related expenses, compared to $185,000 (including $95,000 merger-related) in the prior quarter. - Advertising and marketing expense was $47,000, up $14,000, or 42%, primarily due to merger-related expenses. - Other non-interest expense totaled $289,000, an increase of $55,000, or 24%, from the prior quarter, mainly due to training and education expenses and annual report distribution costs. ### Income Tax Expense Income tax expense for the second quarter of 2026 was $152,000, an increase of $26,000, or 21%, compared to $126,000 in the first quarter of 2026. The effective tax rate was 22.5% for the second quarter of 2026, up from 18.4% in the first quarter of 2026, largely due to the tax impact of non-deductible merger-related expenses. ### Operational Metrics Total employees (full-time equivalent) remained stable at 49 for both the second and first quarters of 2026, and the second quarter of 2025. ### Outlook / Guidance The President and CEO expressed excitement about Louisiana’s economic future and a strong start in their new Southwest Louisiana market. The report primarily provides historical financial data and a general disclaimer regarding forward-looking statements rather than specific financial guidance. ### Related Stocks - [CLST.US](https://longbridge.com/en/quote/CLST.US.md) ## Related News & Research - [Catalyst Bancorp CEO Zanco base salary set at $350,000 under new three-year employment agreement](https://longbridge.com/en/news/296251056.md) - [Catalyst Bancorp Q2 FY26 net income rises 0.6% to $524,000; non-interest expense increases 9.3% to $2.38 million](https://longbridge.com/en/news/295959892.md) - [Catalyst Bancorp Q2 net interest margin rises](https://longbridge.com/en/news/294359024.md) - [Catalyst Bancorp completes USD 41.1 million acquisition of Lakeside Bancshares](https://longbridge.com/en/news/292612159.md) - [Catalyst Bancorp Completes Lakeside Bancshares Acquisition](https://longbridge.com/en/news/292731162.md)