Catalyst Bancorp (CLST) investor relations material

Executive summary

• Q3 net income was $978,000, or $0.27 diluted EPS, up 87% QoQ; adjusted for Lakeside merger expenses, net income was $1.9 million and diluted EPS was $0.51.

• Lakeside was acquired July 14; integration is progressing ahead of expectations, with most anticipated cost savings expected after the planned November systems conversion.

Financial highlights

• Q3 net interest income was $5.2 million, up 99% QoQ; non-interest income was $658,000, up 82%, while non-interest expense rose 101% to $4.8 million.

• Q3 net income was $978,000 versus $524,000 in Q2 and $489,000 in Q3 2025; 9M net income was $2.06 million versus $1.60 million YoY.

• 9M net interest income was $10.3 million versus $7.3 million YoY; the reversal of credit losses totaled $435,000 for 9M 2026 versus $36,000 for 9M 2025.

• Q3 income tax expense was $321,000; the 24.7% effective tax rate increased from 22.5% in Q2, mainly due to non-deductible merger expenses.

Outlook and guidance

• Most expected Lakeside cost savings are targeted after the November systems conversion and back-office consolidation; management expects further savings following conversion.

• Future results depend on successful integration and conversion; management cautions that delays, higher costs, or failure to realize acquisition benefits could affect performance.