Every material Form 8-K Catalyst Bancorp, Inc. has filed with the SEC since August 18, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Catalyst Bancorp reported third-quarter 2026 net income of $978,000, or $0.27 per diluted share, up 87% from $524,000, or $0.14 per diluted share, in the second quarter. The results reflect the July 14, 2026 acquisition of Lakeside Bancshares, which added $379.5 million in total assets, while merger-related expenses rose to $883,000 after tax.
Net income was $978,000, or $0.27 per diluted share, versus $524,000, or $0.14, in Q2 2026 and $489,000, or $0.13, in Q3 2025.
Net interest income was $5.2 million, up $2.6 million, or 99%, from Q2 2026, while the net interest margin fell to 3.73% from 3.86%.
Merger-related expenses totaled $883,000 after tax in Q3 2026, compared with $101,000 in Q2 2026.
Non-GAAP net income, excluding merger-related expenses, was $1.9 million, or $0.51 per diluted share. Management expects most cost savings after the planned November 2026 systems conversion.
Catalyst Bank, the subsidiary of Catalyst Bancorp, Inc., entered into three-year employment agreements on September 13, 2026, with Chief Operations Officer Amanda Quebedeaux and Chief Financial Officer Jacques Bourque, running through September 12, 2029. The filing describes continued service in existing roles, not a change in leadership, and sets base salaries of $162,500 for Quebedeaux and $117,500 for Bourque.
Agreements took effect September 13, 2026 and expire September 12, 2029, unless renewed or extended.
Base salaries: $162,500 for Amanda Quebedeaux (COO) and $117,500 for Jacques Bourque (CFO), both adjustable at board discretion.
Severance: 12 months of base salary on involuntary termination; 12 months of the greater of salary at change in control or termination date if terminated within 30 days after a change in control.
Catalyst Bank entered into a new employment agreement with President and CEO Joseph B. Zanco on August 17, 2026, running through August 17, 2029. The filing sets a $350,000 base salary and includes enhanced severance and change-in-control terms, so shareholders should note the potential cost if his employment ends.
New agreement term runs August 17, 2026 to August 17, 2029, unless renewed or extended.
Base salary of $350,000, which the board may increase at its discretion.
Severance on involuntary termination: 12 months of base salary; 36 months if terminated within 30 days after a change in control.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Catalyst Bancorp, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →