Catalyst Bancorp posts Q3 net income of $489,000, up 9.4% year over year
Catalyst Bancorp Inc. reported net income of $489,000 for the three months ended September 30, 2025, an increase of 9.4% compared to the same period in 2024. For the nine months ended September 30, 2025, net income was $1.6 million, compared to a net loss of $3.7 million for the same period in 2024. Non-interest expense for the quarter was $2.2 million, down 2.6% from the prior year, and $6.6 million for the nine-month period, down 7.6% from the same period in 2024. The company reported no loss on sales of investment securities in 2025, compared to a loss of $5.5 million for the nine months ended September 30, 2024. The decrease in non-interest expense for the nine-month period was attributed to the absence of expenses related to the company's core processing system upgrade in 2024.
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