Catalyst Bancorp, Inc. Announces 2023 Fourth Quarter Results
OPELOUSAS, La., Jan. 25, 2024 /PRNewswire/ — Catalyst Bancorp, Inc. (Nasdaq: CLST) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported net income of $320,000 for the fourth quarter of 2023 which included a net pre-tax benefit of $371,000 due to a Bank Enterprise Award (“BEA”) Program grant from the Community Development Financial Institution (“CDFI”) Fund and a $92,000 loss on the sale of investment securities. For the year ended December 31, 2023, net income totaled $602,000, compared to $180,000 for 2022.