
Overview
Catalyst Bancorp Q2 net income declines to $521,000 from $586,000 in Q1
Loans grow by $1.5 mln, deposits rise by $1.6 mln in Q2
Net interest margin increases to 3.98%, up nine basis points from Q1
Outlook
Company does not give any specificguidance
Result Drivers
LOAN GROWTH - Modest increase in total loans driven by commercial real estate and multi-family residential sectors
DEPOSIT FLUCTUATIONS - Deposit growth attributed to changes in public funds and commercial customer inflows
INTEREST MARGIN - Improved net interest margin due to higher loan income and reduced deposit costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Interest Income |
| $2.50 mln |
|
Q2 Net Interest Margin |
| 4.0% |
|
Press Release: ID:nPn62mmjWa