Catalyst Bancorp Reports Strong Loan Growth in Q3 2024, Despite Declining Net Income

Catalyst Bancorp, Inc. (CLST) announced its third-quarter 2024 earnings, reporting a net income of $447,000, down from the previous quarter. However, the company experienced a record loan portfolio growth of $12.6 million during the quarter, demonstrating strong business activity. The report highlights the company’s performance in key areas like loan portfolio, investment securities, deposits, and capital, providing insights into the financial health and strategic direction of Catalyst Bancorp.

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