Catalyst Bancorp, Inc. Q2 2026: Revenue $3.58M, EPS $0.14— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Catalyst Bancorp reported Q2 2026 results with revenue of $3.584M (up 3.6% YoY) and net income of $524K (up 0.6%). Diluted EPS remained flat at $0.14. The quarter included integration expenses from the July merger with Lakeside Bancshares. Management is pivoting toward small business banking, driving growth in commercial real estate loans while reducing classified CRE exposure. Strong deposit growth supported liquidity, though operational costs rose due to merger activities and marketing.
Catalyst Bancorp, Inc. reported second-quarter 2026 results with modest revenue growth and roughly flat earnings versus the year-ago quarter, reflecting strategic shifts in the loan portfolio and integration activity related to a recent acquisition.
Financial Highlights
- Revenue was $3.584M for Q2 2026, compared with $3.461M in the prior-year quarter; YoY change 3.6%.
- Net income was $524K for Q2 2026, compared with $521K in the prior-year quarter; YoY change 0.6%.
- Diluted EPS was $0.14 for Q2 2026, unchanged from $0.14 in the prior-year quarter; YoY change 0%.
Business Highlights
- Acquisition integration: Completed the merger with Lakeside Bancshares/Lakeside Bank on July 14, 2026; the quarter included integration expenses and preliminary purchase accounting adjustments.
- Revenue mix shift: Management continues to pivot from long-term residential mortgages toward relationship banking for small and mid-sized businesses, driving growth in commercial real estate and multi-family loan portfolios.
- Deposit momentum: Strong deposit growth was led by high-yield savings and public funds, supporting higher liquidity and purchases of investment securities.
- Loan portfolio actions: Active rebalancing included conversions of construction loans to amortizing CRE, payoffs of large commercial & industrial loans, and tighter underwriting that reduced classified CRE exposure.
- Operational costs: Personnel and professional fees increased, including merger-related and ESOP compensation, along with elevated marketing spend to support integration and brand expansion.
Original SEC Filing: Catalyst Bancorp, Inc. [ CLST ] - 10-Q - Aug. 14, 2026