
Overview
Louisiana bank's Q4 net income declined slightly from the previous quarter
Net interest income for Q4 rose 2% from the previous quarter
Company completed share repurchase plan, announced new one for 205,000 shares
Outlook
Catalyst Bancorp did not provide specific guidance for future quarters or the full year
Result Drivers
LOAN GROWTH - Strong loan growth in commercial and industrial sector, particularly in oilfield services, drove results
NET INTEREST MARGIN - Net interest margin widened as funding costs declined
NON-PERFORMING ASSETS - Increase in non-performing assets due to rise in non-accruing residential mortgage loans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Interest Income |
| $2.50 mln |
|
Q4 Net Interest Margin |
| 3.91% |
|
Press Release: ID:nPnb4zyDMa
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