AI Earnings Predictions for Catalyst Bancorp Inc. (CLST)

EX-99.1

2 clst-ex99d1.htm

EX-99.1

For Immediate Release

Exhibit 99.1

For more information:

Joe Zanco, President and CEO

(337) 948-3033

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For Immediate Release

Release Date: October 29, 2026

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Catalyst Bancorp, Inc. Announces 2026 Third Quarter Results

Opelousas, Louisiana – Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported net income of $978,000, or $0.27 per diluted common share (“diluted EPS”), for the third quarter of 2026, up $454,000, or 87%, compared to net income of $524,000, or $0.14 diluted EPS, for the second quarter of 2026.

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Quarterly Highlights

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●On July 14, 2026, the Company completed the acquisition of Lakeside Bancshares, Inc. and its subsidiary, Lakeside Bank (collectively referred to as “Lakeside”). At acquisition, Lakeside had total assets of $379.5 million, including loans of $226.8 million, and deposits of $284.2 million. Lakeside’s shareholders received $19.58 per share in cash, or $41.1 million in aggregate.

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●Net income for 2026 includes certain expenses related to Lakeside’s merger with and into the Company and the Bank. These expenses are referred to as “merger-related expenses” and totaled $883,000, after-tax, for the third quarter of 2026, compared to $101,000, after-tax, for the second quarter of 2026.

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●Excluding merger-related expenses, non-GAAP net income totaled $1.9 million, or $0.51 non-GAAP diluted EPS, non-GAAP return on average assets was 1.24% and non-GAAP return on average tangible common equity was 11.05% for the third quarter of 2026. See “Non-GAAP Reconciliation” below.

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●The Company recorded a $261,000 reversal of provision for credit losses for the third quarter of 2026, compared to a $104,000 reversal for the second quarter of 2026. The reversals were primarily related to a decline in construction and land loans during both periods and improvements in originated classified commercial real estate loans during the second quarter of 2026.

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From the CEO

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“Significant economic momentum is building across Louisiana, highlighted most recently by the announcement of SpaceX’s plan to invest $100 billion to build its largest launch facility in Vermilion Parish,” said Joe Zanco, President and Chief Executive Officer of the Company and Bank. “Given our acquisition of Lakeside, we now flank the largest capital investment in Louisiana history on both sides.  Our team is focused on ensuring we play a key role in helping local businesses grow as the economy in the south central and southwest regions of our state is transformed by this and other economic development wins.”

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“Our progress integrating Lakeside has gone even better than expected to date,” continued Zanco.  “As illustrated by our third quarter performance, with only two and a half months of combined operations and a systems conversion to come, our profitability has increased substantially.  Following our November systems conversion, we’ll see further cost savings as we consolidate back-office operations.”

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The Company remains committed to maintaining open and transparent communication with its shareholders throughout the year. As part of this commitment, the Company is taking a proactive approach to shareholder engagement, creating opportunities for ongoing dialogue beyond the annual meeting and proxy season. These conversations provide an opportunity to better understand shareholder perspectives, address questions and ensure investors have a clear understanding of the Company's strategy, priorities and long-term objectives. The Company believes that meaningful, year-round engagement is an important component of sound corporate governance and its commitment to building long-term shareholder value.

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Acquisition of Lakeside Bancshares, Inc.

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On July 14, 2026, the Company completed the acquisition of Lakeside Bancshares, Inc. and its subsidiary, Lakeside Bank. Since then, our team has been working very effectively to integrate Lakeside into Catalyst.  While some anticipated cost savings were realized upon the closing of the merger, the majority of anticipated savings are expected to be achieved following our planned November systems conversion. We are pleased with the progress of the Lakeside integration and the performance of our Acadiana and Southwest Louisiana markets to date.

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Deploying capital via mergers and acquisitions has always been part of our capital planning. In fact, we have built our leadership team with bankers who have had meaningful success growing earnings and franchise value through acquisitions.  That said, our approach to potential merger opportunities is highly cautious given the risks and effort required to successfully integrate a deal. We have maintained a disciplined approach to evaluating growth opportunities over the past five years, pursuing only those that we believe offer an appropriate balance of risk and return and enhance long-term

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