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CLST Catalyst Bancorp News Story

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Catalyst Bancorp's Q4 net income declines slightly, announces buyback

Overview

Louisiana bank's Q4 net income declined slightly from the previous quarter

Net interest income for Q4 rose 2% from the previous quarter

Company completed share repurchase plan, announced new one for 205,000 shares

Outlook

Catalyst Bancorp did not provide specific guidance for future quarters or the full year

Result Drivers

LOAN GROWTH - Strong loan growth in commercial and industrial sector, particularly in oilfield services, drove results

NET INTEREST MARGIN - Net interest margin widened as funding costs declined

NON-PERFORMING ASSETS - Increase in non-performing assets due to rise in non-accruing residential mortgage loans

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Interest Income$2.50 mln
Q4 Net Interest Margin3.91%
Press Release: ID:nPnb4zyDMa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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