Catalyst Bancorp Q3 net income rises 87% to $978,000 after Lakeside acquisition
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
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.