Catalyst Bancorp reported third-quarter 2026 net income of $978,000, or $0.27 per diluted share, an 87% increase from the prior quarter's $524,000. The results were significantly impacted by the July acquisition of Lakeside Bancshares for $41.1 million, which added approximately $383.5 million in loans and $475.5 million in deposits to the balance sheet. Excluding $883,000 in after-tax merger-related expenses, non-GAAP net income was $1.9 million, or $0.51 per diluted share. The company also recorded a $261,000 reversal of provision for credit losses and repurchased 5,640 shares during the quarter. Catalyst Bancorp operates as a bank holding company providing commercial and retail banking services in Louisiana.
