Patriot National Bancorp (PNBK) Financials

$1.16 -0.03 (-2.52%)

Closing price 07/20/2026 04:00 PM Eastern

Extended Trading

$1.16 0.00 (0.00%)

As of 07/20/2026 07:34 PM Eastern

Annual Income Statements for Patriot National Bancorp

This table shows Patriot National Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.14	1.93	4.15	3.20	-2.82	-3.82	5.09	6.16	-4.18	-40	-13
Consolidated Net Income / (Loss)	2.14	1.93	4.15	3.20	-2.82	-3.82	5.09	6.16	-4.18	-40	-13
Net Income / (Loss) Continuing Operations	2.14	1.93	4.15	3.20	-2.82	-3.82	5.09	6.16	-4.18	-40	-13
Total Pre-Tax Income	3.50	3.14	7.02	4.09	-3.72	-4.16	5.01	7.76	-5.63	-16	-13
Total Revenue	23	24	27	30	28	26	30	37	35	28	30
Net Interest Income / (Expense)	21	22	26	28	25	24	25	33	29	20	19
Total Interest Income	24	25	33	40	44	38	32	44	59	52	48
Loans and Leases Interest Income	23	24	31	38	41	36	30	41	54	47	37
Investment Securities Interest Income	0.76	0.90	1.37	1.80	2.12	1.86	2.15	2.69	3.16	2.85	3.10
Deposits and Money Market Investments Interest Income	0.10	0.12	0.21	1.03	0.96	0.21	0.09	0.50	1.49	2.19	8.18
Total Interest Expense	2.69	3.01	6.96	12	18	14	7.09	11	30	32	29
Deposits Interest Expense	2.02	2.24	4.95	9.02	14	9.15	2.24	5.30	22	26	27
Long-Term Debt Interest Expense	0.67	0.77	1.98	3.32	4.21	4.60	4.85	5.45	8.79	6.24	2.07
Total Non-Interest Income	1.55	1.56	1.44	1.63	2.48	1.98	4.42	3.61	6.01	8.36	11
Service Charges on Deposit Accounts	-	-	0.59	-	-	0.32	0.25	0.26	0.29	0.54	1.52
Other Service Charges	1.15	1.14	0.45	1.05	1.00	0.57	1.56	0.64	5.13	7.42	11
Net Realized & Unrealized Capital Gains on Investments	-	0.00	0.00	0.16	0.89	0.57	1.96	1.46	0.19	0.11	-2.23
Other Non-Interest Income	0.40	0.41	0.40	0.41	0.59	0.52	0.65	1.25	0.40	0.30	0.32
Provision for Credit Losses	0.25	2.46	-0.86	1.30	4.97	2.17	-0.50	1.89	7.43	12	1.51
Total Non-Interest Expense	19	18	21	24	27	28	25	27	33	32	41
Salaries and Employee Benefits	9.25	9.49	11	12	14	14	11	16	18	18	22
Net Occupancy & Equipment Expense	4.69	4.05	4.27	4.47	4.98	5.08	4.88	4.61	4.64	4.53	4.81
Marketing Expense	0.59	0.39	0.32	0.26	0.38	0.45	0.24	0.23	0.27	0.36	0.29
Other Operating Expenses	4.33	4.42	5.66	7.76	7.61	8.26	8.97	6.87	9.10	9.30	14
Impairment Charge	-	-	-	-	-	-	0.00	0.00	1.11	0.00	0.00
Income Tax Expense	1.36	1.21	2.88	0.89	-0.90	-0.34	-0.08	1.60	-1.45	24	0.06
Basic Earnings per Share	$0.55	$0.49	$1.06	$0.82	($0.72)	($0.97)	$1.29	$1.56	($1.05)	($10.03)	($0.17)
Weighted Average Basic Shares Outstanding	3.92M	3.95M	3.89M	3.90M	-	3.94M	3.96M	3.97M	-	-	117.09M
Diluted Earnings per Share	$0.55	$0.49	$1.06	$0.82	($0.72)	($0.97)	$1.29	$1.55	($1.05)	($10.03)	($0.17)
Weighted Average Diluted Shares Outstanding	3.92M	3.95M	3.89M	3.90M	-	3.94M	3.96M	3.97M	-	-	117.09M
Weighted Average Basic & Diluted Shares Outstanding	3.92M	3.95M	3.89M	3.90M	-	3.94M	3.96M	3.97M	-	-	117.09M

This table shows Patriot National Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-3.77	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76
Consolidated Net Income / (Loss)	-3.77	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76
Net Income / (Loss) Continuing Operations	-3.77	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.27	-1.76
Total Pre-Tax Income	-5.10	1.27	-0.23	-4.01	-2.31	-9.55	-2.78	-5.05	-2.66	-2.16	-1.74
Total Revenue	7.69	9.42	7.65	7.09	7.11	6.59	6.68	6.22	7.22	9.51	10
Net Interest Income / (Expense)	6.53	6.25	5.40	5.02	5.00	4.65	3.95	4.19	5.01	5.96	7.08
Total Interest Income	15	15	14	13	13	12	13	11	12	12	15
Loans and Leases Interest Income	14	14	13	12	12	11	9.98	9.10	8.57	8.92	10
Investment Securities Interest Income	0.75	0.73	0.73	0.71	0.73	0.68	0.58	0.59	0.65	1.30	2.95
Deposits and Money Market Investments Interest Income	0.38	0.43	0.62	0.51	0.38	0.67	1.99	1.81	2.33	2.05	1.74
Total Interest Expense	8.55	8.68	8.60	8.19	7.82	7.68	8.59	7.31	6.53	6.30	7.65
Deposits Interest Expense	6.22	6.62	6.69	6.29	6.19	6.89	7.80	6.79	6.09	5.98	7.26
Long-Term Debt Interest Expense	2.33	2.06	1.91	1.91	1.63	0.79	0.80	0.51	0.44	0.31	0.39
Total Non-Interest Income	1.17	3.17	2.25	2.06	2.12	1.94	2.73	2.03	2.21	3.55	3.25
Service Charges on Deposit Accounts	0.07	0.07	0.08	0.24	0.08	0.14	0.42	0.48	0.28	0.34	0.31
Other Service Charges	0.37	4.42	0.94	0.43	0.55	0.40	0.51	0.27	0.17	10.00	0.16
Net Realized & Unrealized Capital Gains on Investments	0.00	-	0.24	0.05	0.08	-0.27	0.04	-0.96	-0.99	-0.32	-0.01
Other Non-Interest Income	0.73	-1.33	0.99	1.34	1.41	1.68	1.76	2.24	2.75	-6.47	2.79
Provision for Credit Losses	4.69	-0.80	0.66	3.09	1.03	7.68	0.73	1.52	-0.43	-0.32	-0.18
Total Non-Interest Expense	8.11	8.95	7.23	8.00	8.40	8.46	8.73	9.74	10	12	12
Salaries and Employee Benefits	4.83	3.84	4.16	4.62	4.71	4.41	4.51	5.24	5.69	6.53	6.82
Net Occupancy & Equipment Expense	1.23	1.08	1.14	1.20	1.12	1.07	1.13	1.22	1.24	1.22	1.29
Marketing Expense	0.06	0.05	0.05	0.09	0.11	0.12	0.15	0.04	0.05	0.05	0.04
Other Operating Expenses	1.99	2.88	1.88	2.09	2.46	2.87	2.93	3.24	3.33	4.19	4.09
Income Tax Expense	-1.33	0.37	0.07	-0.92	25	-0.00	0.00	-0.05	-0.01	0.11	0.01
Basic Earnings per Share	($0.95)	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)
Weighted Average Basic Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M
Diluted Earnings per Share	($0.95)	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)
Weighted Average Diluted Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M
Weighted Average Basic & Diluted Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M

This table details how cash moves in and out of Patriot National Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	12	6.89	-44	18	-27	-4.77	12	-8.55	28	96	45
Net Cash From Operating Activities	5.67	4.53	7.29	5.27	-12	6.28	7.60	7.04	-11	2.68	-14
Net Cash From Continuing Operating Activities	5.67	4.53	7.29	5.27	-12	6.28	7.60	7.04	-11	2.68	-14
Net Income / (Loss) Continuing Operations	2.14	1.93	4.15	3.20	-2.82	-3.82	5.09	6.16	-4.18	-40	-13
Consolidated Net Income / (Loss)	2.14	1.93	4.15	3.20	-2.82	-3.82	5.09	6.16	-4.18	-40	-13
Provision For Loan Losses	0.25	2.46	-0.86	1.30	4.97	2.17	-0.50	1.89	7.43	12	1.51
Depreciation Expense	1.04	1.21	1.27	1.49	1.60	1.51	1.52	1.33	1.19	1.08	0.99
Amortization Expense	0.41	0.36	0.82	0.69	1.19	1.29	2.58	2.85	2.12	0.31	-0.12
Non-Cash Adjustments to Reconcile Net Income	1.68	1.26	2.41	-0.36	-16	10	-2.93	-0.78	-19	28	-5.18
Changes in Operating Assets and Liabilities, net	0.15	-2.70	-0.49	-1.04	-0.77	-5.08	1.83	-4.41	1.30	0.51	1.35
Net Cash From Investing Activities	-9.48	-99	-141	-27	-42	83	-55	-122	-27	135	-21
Net Cash From Continuing Investing Activities	-9.48	-99	-141	-27	-42	84	-55	-122	-27	135	-21
Purchase of Property, Leasehold Improvements and Equipment	-6.24	-3.53	-3.06	-1.14	-0.55	-0.07	-0.43	-0.41	-0.41	-0.06	-0.17
Purchase of Investment Securities	-9.63	-104	-95	-72	-73	-44	-226	-161	-31	1.63	-173
Sale of Property, Leasehold Improvements and Equipment	-	-	-	-	-	0.00	1.46	0.00	0.00	0.01	0.00
Sale and/or Maturity of Investments	6.38	8.83	20	41	12	164	389	250	150	182	153
Other Investing Activities, net	-	-	-63	5.57	19	-37	-220	-211	-146	-49	0.00
Net Cash From Financing Activities	16	101	90	39	27	-94	60	106	66	-42	79
Net Cash From Continuing Financing Activities	16	101	90	39	27	-94	60	106	66	-42	79
Net Change in Deposits	4.01	85	108	60	26	-84	63	112	-20	126	-0.81
Issuance of Debt	12	18	0.00	9.71	-	0.00	0.00	52	286	42	70
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	0.00	0.00	5.10
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	86
Repayment of Debt	-0.06	-0.19	-18	-30	-0.20	-10	-0.20	-57	-200	-210	-76
Other Financing Activities, Net	0.00	0.31	0.15	0.10	0.76	0.11	-2.69	-0.22	0.28	0.31	-4.60
Cash Interest Paid	2.33	0.00	6.42	11	18	15	7.21	10	30	32	29
Cash Income Taxes Paid	0.00	0.36	0.52	1.24	0.02	-0.66	0.14	0.10	3.54	0.07	-0.02

This table details how cash moves in and out of Patriot National Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	8.12	-12	26	0.88	-21	90	-26	67	-1.44	5.60	-98
Net Cash From Operating Activities	-14	-0.17	1.80	6.05	-2.59	-2.57	-5.81	0.92	-5.24	-4.04	-2.91
Net Cash From Continuing Operating Activities	-14	-0.17	1.80	6.05	-2.59	-2.57	-5.81	0.92	-5.24	-4.04	-2.91
Net Income / (Loss) Continuing Operations	-3.77	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76
Consolidated Net Income / (Loss)	-3.77	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76
Provision For Loan Losses	4.69	-0.80	0.66	3.09	1.03	7.68	0.73	1.52	-0.43	-0.32	-0.18
Depreciation Expense	0.29	0.29	0.28	0.27	0.27	0.26	0.25	0.28	0.23	0.22	0.21
Amortization Expense	0.48	0.30	0.19	0.07	0.02	0.20	0.04	-0.04	0.03	-0.17	-0.89
Non-Cash Adjustments to Reconcile Net Income	-21	3.39	1.22	3.45	25	-1.12	-5.76	5.04	-0.89	-3.54	6.67
Changes in Operating Assets and Liabilities, net	4.82	-4.24	-0.25	2.25	-2.17	-0.04	1.70	-0.89	-1.52	2.05	-6.96
Net Cash From Investing Activities	41	30	43	28	21	43	34	87	-18	-124	-186
Net Cash From Continuing Investing Activities	41	30	43	28	21	43	34	87	-18	-124	-186
Purchase of Property, Leasehold Improvements and Equipment	-0.17	-0.02	-0.04	-0.05	-0.06	0.10	-0.07	-0.00	-0.02	-0.08	-0.55
Purchase of Investment Securities	-4.63	0.17	-2.48	-0.03	0.04	-0.04	33	-1.41	-51	-121	-51
Sale and/or Maturity of Investments	66	23	46	28	21	46	0.93	89	32	-2.48	-135
Net Cash From Financing Activities	-19	-43	-19	-33	-39	49	-55	-21	22	134	91
Net Cash From Continuing Financing Activities	-19	-43	-19	-33	-39	49	-55	-21	22	134	91
Net Change in Deposits	-26	3.29	19	-59	24	142	-104	-32	-0.00	135	83
Issuance of Debt	217	-53	12	-	10	-2.80	57	7.00	-	3.00	0.00
Issuance of Preferred Equity	-	-	0.00	-	-	-	5.10	-0.00	-	-	0.00
Issuance of Common Equity	-	-	0.00	-	-	-	45	14	26	-	0.00
Repayment of Debt	-209	8.95	-52	26	-73	-88	-60	-7.06	-3.10	-2.84	10
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-2.78
Other Financing Activities, Net	-0.16	-1.78	1.61	-0.00	0.25	-1.54	1.96	-4.23	-0.83	-1.50	1.29
Cash Interest Paid	8.00	9.02	8.00	6.84	10	6.74	9.13	6.79	7.34	6.06	8.09
Cash Income Taxes Paid	-	3.49	0.00	0.50	-	-0.43	-0.02	-	-	0.00	0.00

This table presents Patriot National Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	653	757	852	952	980	881	948	1,043	1,093	1,012	1,088
Cash and Due from Banks	2.59	2.60	3.58	7.38	2.69	3.01	3.26	5.18	2.20	3.30	2.41
Restricted Cash	-	-	-	-	-	-	-	0.00	14	15	21
Interest Bearing Deposits at Other Banks	83	90	45	59	37	32	44	33	50	144	184
Trading Account Securities	29	24	26	39	48	49	94	85	89	80	225
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	730	838	833	700	586
Loans Held for Sale	-	-	-	0.00	15	1.22	3.13	5.21	21	16	25
Accrued Investment Income	2.01	2.73	3.50	3.77	3.60	6.62	5.82	7.27	7.22	5.49	4.87
Premises and Equipment, Net	29	33	35	35	35	33	32	31	30	29	28
Intangible Assets	-	-	0.00	0.70	0.62	0.34	0.30	0.25	0.20	0.16	0.11
Other Assets	507	604	739	804	837	754	36	38	47	19	13
Total Liabilities & Shareholders' Equity	653	757	852	952	980	881	948	1,043	1,093	1,012	1,088
Total Liabilities	592	694	785	882	913	818	881	984	1,049	1,008	993
Non-Interest Bearing Deposits	86	77	81	84	88	159	227	270	110	119	107
Interest Bearing Deposits	361	455	559	662	685	531	523	592	731	849	860
Long-Term Debt	142	159	141	131	131	121	121	115	201	33	16
Other Long-Term Liabilities	2.83	2.61	3.69	5.17	8.73	7.26	11	7.25	6.46	6.89	10
Total Equity & Noncontrolling Interests	61	63	67	69	67	63	67	60	44	4.27	95
Total Preferred & Common Equity	61	63	67	69	67	63	67	60	44	4.27	95
Total Common Equity	61	63	67	69	67	63	67	60	44	4.27	95
Common Stock	107	107	107	106	106	106	106	107	107	108	208
Retained Earnings	-45	-43	-39	-36	-39	-43	-37	-31	-47	-87	-100
Treasury Stock	-0.16	-1.18	-1.18	-	-	-	-	-	-	-1.18	-1.18
Accumulated Other Comprehensive Income / (Loss)	-0.15	-0.12	-0.16	-0.83	-0.40	-0.52	-1.64	-16	-15	-16	-12

This table presents Patriot National Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,137	1,073	1,039	974	957	930	951	1,177
Cash and Due from Banks	2.35	2.41	2.51	2.72	2.53	2.63	2.11	5.19
Restricted Cash	-	29	0.04	0.04	15	15	21	16
Interest Bearing Deposits at Other Banks	77	62	91	70	119	185	179	88
Trading Account Securities	86	88	87	90	81	81	106	243
Loans and Leases, Net of Allowance	864	797	761	741	667	580	581	751
Loans Held for Sale	22	14	14	14	21	15	18	20
Accrued Investment Income	7.12	6.61	6.45	5.93	5.05	4.92	4.26	6.27
Premises and Equipment, Net	30	30	29	29	29	28	28	28
Intangible Assets	0.21	0.19	0.18	0.17	0.14	0.13	0.12	0.10
Other Assets	47	46	47	22	18	18	11	18
Total Liabilities & Shareholders' Equity	1,137	1,073	1,039	974	957	930	951	1,177
Total Liabilities	1,097	1,030	998	958	899	864	856	1,087
Non-Interest Bearing Deposits	136	109	94	92	80	107	88	82
Interest Bearing Deposits	704	753	710	736	786	727	745	968
Long-Term Debt	245	161	187	124	24	22	16	26
Other Long-Term Liabilities	12	5.95	7.83	5.92	9.62	7.63	6.05	9.53
Total Equity & Noncontrolling Interests	40	44	41	16	57	66	95	90
Total Preferred & Common Equity	40	44	41	16	57	66	95	90
Total Common Equity	40	44	41	16	52	61	95	90
Common Stock	107	107	107	107	156	169	204	207
Retained Earnings	-48	-47	-50	-77	-90	-95	-97	-101
Treasury Stock	-	-	-	-	-	-	-	-1.18
Accumulated Other Comprehensive Income / (Loss)	-19	-16	-16	-13	-14	-13	-12	-14

This table displays calculated financial ratios and metrics derived from Patriot National Bancorp's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	39,160,627.00	3,959,903.00	3,895,720.00	3,904,578.00	3,925,002.00	3,937,041.00	3,947,976.00	3,957,269.00	3,965,186.00	-	114,991,017.00
DEI Adjusted Shares Outstanding	3,916,063.00	3,959,903.00	3,895,720.00	3,904,578.00	3,925,002.00	3,937,041.00	3,947,976.00	3,957,269.00	3,965,186.00	-	114,991,017.00
DEI Earnings Per Adjusted Shares Outstanding	0.55	0.49	1.06	0.82	-0.72	-0.97	1.29	1.56	-1.05	-	-0.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.54%	5.99%	14.11%	8.37%	-5.79%	-6.37%	13.59%	24.19%	-6.40%	-17.58%	4.17%
EBITDA Growth	252.53%	-5.01%	93.60%	-31.31%	-114.78%	-46.81%	771.06%	30.98%	-119.41%	-534.83%	19.91%
EBIT Growth	265.07%	-10.40%	123.84%	-41.81%	-190.94%	-11.84%	220.62%	54.74%	-172.62%	-185.76%	21.41%
NOPAT Growth	-86.36%	-9.94%	114.87%	-22.93%	-181.39%	-11.84%	275.10%	20.95%	-164.00%	-185.76%	21.41%
Net Income Growth	-86.36%	-9.94%	114.87%	-22.93%	-188.14%	-35.57%	233.39%	20.95%	-167.83%	-854.34%	68.13%
EPS Growth	-86.42%	-10.91%	116.33%	-22.64%	-187.80%	-34.72%	232.99%	20.16%	-167.74%	-855.24%	98.31%
Operating Cash Flow Growth	-74.47%	-20.24%	61.11%	-27.68%	-326.01%	152.72%	20.94%	-7.37%	-252.29%	125.04%	-628.14%
Free Cash Flow Firm Growth	77.62%	-15.75%	208.72%	-39.19%	-101.57%	6,460.51%	-90.31%	1,733.18%	-483.83%	363.73%	-141.98%
Invested Capital Growth	8.83%	9.12%	-6.27%	-3.75%	-1.21%	-7.00%	2.19%	-7.07%	40.46%	-84.79%	197.66%
Revenue Q/Q Growth	1.93%	3.55%	4.53%	33.18%	-22.71%	0.34%	9.24%	4.83%	-4.13%	-9.06%	10.94%
EBITDA Q/Q Growth	58.24%	25.70%	-4.72%	-4.55%	-114.88%	42.92%	27.94%	16.36%	-244.28%	-291.30%	37.78%
EBIT Q/Q Growth	34.65%	38.07%	-7.63%	-3.84%	-198.57%	20.12%	44.38%	29.98%	-25.65%	-205.21%	36.87%
NOPAT Q/Q Growth	-8.81%	36.20%	-9.69%	-18.61%	-643.20%	20.12%	180.35%	-1.99%	-25.65%	-205.21%	36.87%
Net Income Q/Q Growth	373.11%	36.23%	-9.69%	18.33%	-1,241.43%	3.29%	180.35%	-1.99%	-26.10%	-35.52%	36.40%
EPS Q/Q Growth	375.00%	36.11%	-10.17%	-6.82%	-200.00%	3.00%	180.43%	-1.90%	-23.53%	-35.72%	93.70%
Operating Cash Flow Q/Q Growth	-78.50%	-3.64%	43.25%	-34.81%	-661.34%	155.92%	-29.92%	106.33%	-242.22%	-47.27%	-11.57%
Free Cash Flow Firm Q/Q Growth	-218.03%	-10.22%	429.60%	-65.33%	98.19%	8.60%	105.24%	14,634.85%	-0.04%	39.51%	-659.35%
Invested Capital Q/Q Growth	6.47%	6.94%	-4.40%	5.47%	-0.61%	-0.72%	-9.34%	-18.18%	-13.89%	-73.38%	-0.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	21.91%	19.64%	33.32%	21.12%	-3.31%	-5.20%	30.70%	32.38%	-6.72%	-51.72%	-39.77%
EBIT Margin	15.49%	13.09%	25.69%	13.79%	-13.31%	-15.90%	16.89%	21.04%	-16.33%	-56.60%	-42.70%
Profit (Net Income) Margin	9.48%	8.06%	15.17%	10.79%	-10.09%	-14.61%	17.16%	16.71%	-12.11%	-140.24%	-42.90%
Tax Burden Percent	61.21%	61.52%	59.06%	78.22%	75.81%	91.89%	101.62%	79.43%	74.19%	247.76%	100.47%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	38.79%	38.48%	40.94%	21.78%	0.00%	0.00%	-1.62%	20.58%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.10%	0.91%	1.93%	1.57%	-1.31%	-1.52%	2.74%	3.40%	-1.88%	-7.97%	-11.93%
ROIC Less NNEP Spread (ROIC-NNEP)	1.10%	0.91%	1.93%	1.57%	-1.47%	-2.25%	2.74%	3.40%	-2.03%	-32.41%	-27.50%
Return on Net Nonoperating Assets (RNNOA)	2.47%	2.21%	4.49%	3.13%	-2.83%	-4.34%	5.07%	6.31%	-6.16%	-155.99%	-13.76%
Return on Equity (ROE)	3.57%	3.11%	6.41%	4.70%	-4.13%	-5.87%	7.80%	9.71%	-8.04%	-163.96%	-25.69%
Cash Return on Invested Capital (CROIC)	-7.36%	-7.81%	8.40%	5.38%	-0.09%	5.74%	0.57%	10.72%	-35.53%	139.23%	-111.34%
Operating Return on Assets (OROA)	0.54%	0.45%	0.87%	0.45%	-0.38%	-0.45%	0.55%	0.78%	-0.53%	-1.53%	-1.20%
Return on Assets (ROA)	0.33%	0.27%	0.52%	0.35%	-0.29%	-0.41%	0.56%	0.62%	-0.39%	-3.79%	-1.21%
Return on Common Equity (ROCE)	3.57%	3.11%	6.41%	4.70%	-4.13%	-5.87%	7.80%	9.71%	-8.04%	-163.96%	-25.69%
Return on Equity Simple (ROE_SIMPLE)	3.49%	3.08%	6.21%	4.61%	-4.20%	-6.04%	7.56%	10.34%	-9.42%	-935.10%	-13.42%
Net Operating Profit after Tax (NOPAT)	2.14	1.93	4.15	3.20	-2.60	-2.91	5.09	6.16	-3.94	-11	-8.86
NOPAT Margin	9.48%	8.06%	15.17%	10.79%	-9.32%	-11.13%	17.16%	16.71%	-11.43%	-39.62%	-29.89%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.16%	0.72%	0.00%	0.00%	0.15%	24.44%	15.57%
SG&A Expenses to Revenue	64.27%	58.16%	56.73%	55.60%	68.24%	76.00%	54.59%	55.21%	65.22%	80.12%	91.41%
Operating Expenses to Revenue	83.40%	76.62%	77.45%	81.81%	95.50%	107.60%	84.80%	73.84%	94.80%	112.81%	137.62%
Earnings before Interest and Taxes (EBIT)	3.50	3.14	7.02	4.09	-3.72	-4.16	5.01	7.76	-5.63	-16	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.95	4.71	9.11	6.26	-0.93	-1.36	9.11	12	-2.32	-15	-12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.88	1.04	0.80	0.75	0.62	0.91	0.70	0.34	1.81	2.21
Price to Tangible Book Value (P/TBV)	0.00	0.88	1.04	0.83	0.77	0.63	0.93	0.72	0.34	1.88	2.21
Price to Revenue (P/Rev)	0.00	2.31	2.53	1.87	1.79	1.50	2.07	1.14	0.44	0.27	7.06
Price to Earnings (P/E)	0.00	28.63	16.69	17.36	0.00	0.00	12.05	6.81	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.17%	0.28%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.49%	5.99%	5.76%	0.00%	0.00%	8.30%	14.69%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.55	0.78	0.60	0.72	0.68	0.72	0.68	0.61	0.00	0.17
Enterprise Value to Revenue (EV/Rev)	0.00	5.11	5.92	4.05	5.07	4.80	4.55	3.22	4.34	0.00	0.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	26.03	17.77	19.18	0.00	0.00	14.82	9.94	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	39.03	23.05	29.38	0.00	0.00	26.94	15.30	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	63.45	39.02	37.56	0.00	0.00	26.51	19.26	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	27.06	22.20	22.77	0.00	19.95	17.78	16.86	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	8.95	10.92	0.00	11.44	127.30	6.10	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.31	2.55	2.12	1.89	1.95	1.91	1.79	1.93	4.53	7.75	0.17
Long-Term Debt to Equity	2.31	2.55	2.12	1.89	1.95	1.91	1.79	1.93	4.53	7.75	0.17
Financial Leverage	2.25	2.43	2.33	2.00	1.92	1.93	1.85	1.86	3.04	4.81	0.50
Leverage Ratio	10.70	11.37	12.44	13.25	14.17	14.29	14.01	15.69	20.55	43.28	21.23
Compound Leverage Factor	10.70	11.37	12.44	13.25	14.17	14.29	14.01	15.69	20.55	43.28	21.23
Debt to Total Capital	69.80%	71.82%	67.93%	65.39%	66.15%	65.65%	64.19%	65.91%	81.92%	88.58%	14.80%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.80%	71.82%	67.93%	65.39%	66.15%	65.65%	64.19%	65.91%	81.92%	88.58%	14.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.20%	28.18%	32.07%	34.61%	33.85%	34.35%	35.81%	34.09%	18.08%	11.42%	85.20%
Debt to EBITDA	28.67	33.90	15.52	20.93	-141.51	-88.96	13.25	9.65	-86.80	-2.25	-1.40
Net Debt to EBITDA	11.43	14.28	10.17	10.32	-98.91	-63.46	8.08	6.43	-58.08	8.81	16.19
Long-Term Debt to EBITDA	28.67	33.90	15.52	20.93	-141.51	-88.96	13.25	9.65	-86.80	-2.25	-1.40
Debt to NOPAT	66.27	82.63	34.09	40.98	-50.32	-41.53	23.70	18.70	-51.00	-2.93	-1.86
Net Debt to NOPAT	26.42	34.81	22.34	20.20	-35.17	-29.62	14.46	12.45	-34.13	11.50	21.53
Long-Term Debt to NOPAT	66.27	82.63	34.09	40.98	-50.32	-41.53	23.70	18.70	-51.00	-2.93	-1.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	-17	18	11	-0.17	11	1.06	19	-75	197	-83
Operating Cash Flow to CapEx	90.97%	128.22%	238.24%	461.65%	-2,158.51%	8,972.86%	0.00%	1,699.52%	-2,600.73%	6,388.10%	-8,286.55%
Free Cash Flow to Firm to Interest Expense	-5.34	-5.53	2.60	0.89	-0.01	0.80	0.15	1.81	-2.45	6.10	-2.88
Operating Cash Flow to Interest Expense	2.11	1.50	1.05	0.43	-0.65	0.46	1.07	0.65	-0.35	0.08	-0.49
Operating Cash Flow Less CapEx to Interest Expense	-0.21	0.33	0.61	0.33	-0.68	0.45	1.22	0.62	-0.37	0.08	-0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.03	0.03	0.03
Fixed Asset Turnover	0.87	0.77	0.80	0.84	0.80	0.77	0.91	1.19	1.14	0.97	1.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	203	222	208	200	198	184	188	175	245	37	111
Invested Capital Turnover	0.12	0.11	0.13	0.15	0.14	0.14	0.16	0.20	0.16	0.20	0.40
Increase / (Decrease) in Invested Capital	17	19	-14	-7.80	-2.43	-14	4.03	-13	71	-208	74
Enterprise Value (EV)	0.00	122	162	120	142	125	135	119	150	-122	19
Market Capitalization	0.00	55	69	55	50	39	61	42	15	7.71	209
Book Value per Share	$15.66	$15.80	$17.13	$17.76	$17.07	$16.06	$17.06	$15.06	$11.19	$1.07	$0.82
Tangible Book Value per Share	$15.66	$15.80	$17.13	$17.14	$16.63	$15.69	$16.70	$14.71	$11.14	$1.03	$0.82
Total Capital	203	222	208	200	198	184	188	175	245	37	111
Total Debt	142	159	141	131	131	121	121	115	201	33	16
Total Long-Term Debt	142	159	141	131	131	121	121	115	201	33	16
Net Debt	57	67	93	65	91	86	74	77	135	-130	-191
Capital Expenditures (CapEx)	6.24	3.53	3.06	1.14	0.55	0.07	-1.03	0.41	0.41	0.04	0.17
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.22	0.91	0.00	0.00	0.24	29	3.86
Net Nonoperating Obligations (NNO)	142	159	141	131	131	121	121	115	201	33	16
Total Depreciation and Amortization (D&A)	1.45	1.57	2.09	2.17	2.79	2.80	4.10	4.18	3.32	1.39	0.87
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.49	$1.06	$0.82	($0.72)	($0.97)	$1.29	$1.56	($1.05)	($10.03)	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	4.07M	3.89M	3.90M	3.92M	0.00	3.94M	3.96M	3.97M	0.00	0.00	117.09M
Adjusted Diluted Earnings per Share	$0.55	$0.49	$1.06	$0.82	($0.72)	($0.97)	$1.29	$1.55	($1.05)	($10.03)	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	4.07M	3.89M	3.90M	3.92M	0.00	3.94M	3.96M	3.97M	0.00	0.00	117.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.07M	3.89M	3.90M	3.92M	0.00	3.94M	3.96M	3.97M	0.00	0.00	117.09M
Normalized Net Operating Profit after Tax (NOPAT)	2.14	1.93	4.15	3.20	-2.60	-2.91	3.51	6.16	-3.17	-11	-8.86
Normalized NOPAT Margin	9.48%	8.06%	15.17%	10.79%	-9.32%	-11.13%	11.82%	16.71%	-9.18%	-39.62%	-29.89%
Pre Tax Income Margin	15.49%	13.09%	25.69%	13.79%	-13.31%	-15.90%	16.89%	21.04%	-16.33%	-56.60%	-42.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.30	1.04	1.01	0.33	-0.20	-0.30	0.71	0.72	-0.18	-0.50	-0.44
NOPAT to Interest Expense	0.80	0.64	0.60	0.26	-0.14	-0.21	0.72	0.57	-0.13	-0.35	-0.31
EBIT Less CapEx to Interest Expense	-1.02	-0.13	0.57	0.24	-0.23	-0.31	0.85	0.68	-0.20	-0.50	-0.45
NOPAT Less CapEx to Interest Expense	-1.52	-0.53	0.16	0.17	-0.17	-0.22	0.86	0.53	-0.14	-0.35	-0.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	1.86%	4.82%	-5.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	52.69%	1.91%	4.82%	-5.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Patriot National Bancorp's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	3,965,186.00	3,965,186.00	3,965,186.00	3,976,073.00	3,976,073.00	-	3,976,073.00	76,259,670.00	97,190,958.00	114,991,017.00	117,085,713.00
DEI Adjusted Shares Outstanding	3,965,186.00	3,965,186.00	3,965,186.00	3,976,073.00	3,976,073.00	-	3,976,073.00	76,259,670.00	97,190,958.00	114,991,017.00	117,085,713.00
DEI Earnings Per Adjusted Shares Outstanding	-0.95	0.23	-0.08	-0.77	-6.78	-	-0.70	-0.07	-0.03	-0.02	-0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-22.26%	-13.64%	-13.53%	-17.05%	-7.54%	-30.07%	-12.67%	-12.25%	1.45%	44.34%	54.47%
EBITDA Growth	-219.55%	-46.94%	217.11%	-4,459.52%	53.43%	-589.34%	-1,129.88%	-31.24%	-19.17%	77.18%	2.54%
EBIT Growth	-305.52%	-47.48%	75.63%	-373.40%	54.77%	-850.86%	-1,091.42%	-26.09%	-15.34%	77.36%	37.25%
NOPAT Growth	-253.57%	-48.87%	75.63%	-373.40%	54.77%	-838.75%	-1,091.42%	-26.09%	-15.34%	77.36%	37.25%
Net Income Growth	-262.08%	-48.87%	57.22%	-400.98%	-614.96%	-1,155.03%	-828.76%	-62.32%	90.14%	76.17%	36.80%
EPS Growth	-261.02%	-45.45%	55.56%	-381.25%	-613.68%	-1,100.00%	-162.50%	92.21%	99.56%	105.42%	90.48%
Operating Cash Flow Growth	-871.18%	-102.25%	948.58%	50.87%	81.94%	-1,440.12%	-423.01%	-84.77%	-102.16%	-57.15%	49.89%
Free Cash Flow Firm Growth	-1,860.87%	-563.56%	151.82%	156.80%	290.79%	388.61%	409.52%	154.62%	-81.19%	-137.38%	-130.21%
Invested Capital Growth	33.47%	40.46%	-10.51%	-19.76%	-50.80%	-84.79%	-60.37%	-61.11%	-20.53%	197.66%	43.80%
Revenue Q/Q Growth	-9.93%	22.45%	-18.79%	-7.38%	0.40%	-7.39%	1.43%	-6.94%	16.07%	31.76%	8.55%
EBITDA Q/Q Growth	-5,260.71%	142.86%	-87.03%	-1,619.50%	44.87%	-342.22%	73.22%	-95.84%	49.94%	12.09%	-14.37%
EBIT Q/Q Growth	-503.19%	124.93%	-118.32%	-1,618.88%	42.37%	-313.82%	70.94%	-81.92%	47.29%	18.78%	19.43%
NOPAT Q/Q Growth	-503.19%	125.34%	-118.02%	-1,618.88%	42.37%	-313.82%	70.94%	-81.92%	47.29%	18.78%	19.43%
Net Income Q/Q Growth	-513.01%	124.01%	-133.04%	-930.43%	-774.85%	64.58%	70.92%	-80.09%	46.87%	14.38%	22.86%
EPS Q/Q Growth	-493.75%	125.26%	-133.33%	-862.50%	-780.52%	64.60%	91.25%	71.43%	50.00%	533.33%	-115.38%
Operating Cash Flow Q/Q Growth	-457.88%	98.84%	1,177.25%	236.13%	-142.85%	0.73%	-125.93%	115.85%	-668.73%	22.83%	27.96%
Free Cash Flow Firm Q/Q Growth	19.88%	7.00%	134.21%	122.86%	169.12%	40.68%	-39.61%	11.37%	-80.12%	-379.54%	51.19%
Invested Capital Q/Q Growth	0.55%	-13.89%	-16.60%	11.13%	-38.35%	-73.38%	117.30%	9.07%	25.96%	-0.30%	4.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	-56.34%	19.72%	3.15%	-51.68%	-28.38%	-138.01%	-37.14%	-77.29%	-33.34%	-22.24%	-23.44%
EBIT Margin	-66.32%	13.50%	-3.05%	-56.52%	-32.44%	-144.98%	-41.54%	-81.22%	-36.89%	-22.74%	-16.88%
Profit (Net Income) Margin	-49.00%	9.61%	-3.91%	-43.48%	-378.89%	-144.93%	-41.56%	-80.43%	-36.82%	-23.92%	-17.00%
Tax Burden Percent	73.88%	71.15%	128.33%	76.93%	1,167.85%	99.97%	100.04%	99.03%	99.81%	105.23%	100.75%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	28.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-6.70%	1.58%	-0.33%	-4.93%	-3.34%	-20.41%	-5.59%	-9.57%	-5.48%	-6.35%	-3.97%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.80%	1.58%	-0.41%	-5.06%	-17.07%	-22.85%	-6.49%	-10.97%	-6.61%	-9.43%	-6.10%
Return on Net Nonoperating Assets (RNNOA)	-27.81%	4.80%	-1.51%	-24.70%	-111.78%	-110.01%	-11.92%	-21.52%	-8.32%	-4.72%	-2.09%
Return on Equity (ROE)	-34.51%	6.38%	-1.83%	-29.63%	-115.12%	-130.42%	-17.51%	-31.09%	-13.80%	-11.07%	-6.06%
Cash Return on Invested Capital (CROIC)	-29.93%	-35.53%	9.51%	19.71%	66.36%	139.23%	77.35%	79.27%	11.74%	-111.34%	-44.16%
Operating Return on Assets (OROA)	-2.17%	0.44%	-0.09%	-1.64%	-0.96%	-3.92%	-1.12%	-2.19%	-1.02%	-0.64%	-0.53%
Return on Assets (ROA)	-1.61%	0.31%	-0.12%	-1.26%	-11.23%	-3.91%	-1.12%	-2.17%	-1.02%	-0.68%	-0.53%
Return on Common Equity (ROCE)	-34.51%	6.38%	-1.83%	-29.63%	-115.12%	-130.42%	-16.62%	-29.60%	-13.80%	-11.07%	-5.85%
Return on Equity Simple (ROE_SIMPLE)	-8.29%	0.00%	-8.66%	-15.41%	-179.60%	0.00%	-74.13%	-66.89%	-21.03%	0.00%	-12.96%
Net Operating Profit after Tax (NOPAT)	-3.57	0.91	-0.16	-2.80	-1.62	-6.69	-1.94	-3.54	-1.86	-1.51	-1.22
NOPAT Margin	-46.43%	9.61%	-2.13%	-39.56%	-22.71%	-101.48%	-29.08%	-56.85%	-25.82%	-15.92%	-11.81%
Net Nonoperating Expense Percent (NNEP)	0.10%	0.00%	0.08%	0.13%	13.73%	2.44%	0.90%	1.40%	1.13%	3.08%	2.12%
SG&A Expenses to Revenue	79.53%	52.68%	69.83%	83.39%	83.46%	84.93%	86.76%	104.63%	96.70%	82.01%	79.00%
Operating Expenses to Revenue	105.39%	95.03%	94.45%	112.88%	118.02%	128.42%	130.57%	156.71%	142.86%	126.11%	118.63%
Earnings before Interest and Taxes (EBIT)	-5.10	1.27	-0.23	-4.01	-2.31	-9.55	-2.78	-5.05	-2.66	-2.16	-1.74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.34	1.86	0.24	-3.66	-2.02	-9.09	-2.48	-4.81	-2.41	-2.12	-2.42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.73	0.34	0.34	0.18	0.46	1.81	0.09	1.90	1.33	2.21	1.67
Price to Tangible Book Value (P/TBV)	0.76	0.34	0.34	0.18	0.47	1.88	0.09	1.90	1.33	2.21	1.68
Price to Revenue (P/Rev)	0.82	0.44	0.45	0.23	0.24	0.27	0.17	4.36	4.73	7.06	4.54
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.69	0.61	0.41	0.44	0.42	0.00	0.00	0.00	0.00	0.17	0.59
Enterprise Value to Revenue (EV/Rev)	5.43	4.34	2.50	3.16	1.88	0.00	0.00	0.00	0.00	0.63	2.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	11.53	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	4.04	2.00	0.42	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.13	4.53	3.69	4.61	7.56	7.75	0.42	0.34	0.17	0.17	0.29
Long-Term Debt to Equity	6.13	4.53	3.69	4.61	7.56	7.75	0.42	0.34	0.17	0.17	0.29
Financial Leverage	4.09	3.04	3.70	4.88	6.55	4.81	1.84	1.96	1.26	0.50	0.34
Leverage Ratio	22.41	20.55	23.50	25.27	37.45	43.28	20.14	18.45	17.28	21.23	14.48
Compound Leverage Factor	22.41	20.55	23.50	25.27	37.45	43.28	20.14	18.45	17.28	21.23	14.48
Debt to Total Capital	85.98%	81.92%	78.69%	82.19%	88.32%	88.58%	29.56%	25.19%	14.75%	14.80%	22.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	85.98%	81.92%	78.69%	82.19%	88.32%	88.58%	29.56%	25.19%	14.75%	14.80%	22.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.29%	5.76%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	14.02%	18.08%	21.31%	17.81%	11.68%	11.42%	64.16%	69.05%	85.25%	85.20%	77.32%
Debt to EBITDA	-364.21	-86.80	-74.86	-31.70	-34.58	-2.25	-1.38	-1.20	-0.87	-1.40	-2.26
Net Debt to EBITDA	-246.93	-58.08	-31.75	-15.82	-14.27	8.81	6.44	9.74	9.78	16.19	7.06
Long-Term Debt to EBITDA	-364.21	-86.80	-74.86	-31.70	-34.58	-2.25	-1.38	-1.20	-0.87	-1.40	-2.26
Debt to NOPAT	-78.11	-51.00	-46.87	-33.11	-33.55	-2.93	-1.84	-1.62	-1.17	-1.86	-3.25
Net Debt to NOPAT	-52.96	-34.13	-19.88	-16.52	-13.84	11.50	8.60	13.11	13.20	21.53	10.18
Long-Term Debt to NOPAT	-78.11	-51.00	-46.87	-33.11	-33.55	-2.93	-1.84	-1.62	-1.17	-1.86	-3.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.06%	4.78%	0.00%	0.00%	3.46%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-75	-70	24	53	143	201	122	135	27	-75	-37
Operating Cash Flow to CapEx	-8,589.22%	-1,113.33%	4,387.80%	12,094.00%	-4,247.54%	0.00%	-8,301.43%	30,700.00%	-27,568.42%	-5,052.50%	-534.31%
Free Cash Flow to Firm to Interest Expense	-8.78	-8.04	2.78	6.49	18.32	26.24	14.16	18.55	4.12	-11.96	-4.81
Operating Cash Flow to Interest Expense	-1.68	-0.02	0.21	0.74	-0.33	-0.33	-0.68	0.13	-0.80	-0.64	-0.38
Operating Cash Flow Less CapEx to Interest Expense	-1.70	-0.02	0.20	0.73	-0.34	-0.32	-0.68	0.13	-0.80	-0.65	-0.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	1.18	1.14	1.11	1.07	1.06	0.97	0.94	0.92	0.93	1.04	1.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	285	245	205	228	140	37	81	88	111	111	117
Invested Capital Turnover	0.14	0.16	0.15	0.12	0.15	0.20	0.19	0.17	0.21	0.40	0.34
Increase / (Decrease) in Invested Capital	71	71	-24	-56	-145	-208	-124	-139	-29	74	36
Enterprise Value (EV)	196	150	83	101	59	-122	-103	-60	-59	19	68
Market Capitalization	29	15	15	7.44	7.55	7.71	4.61	116	126	209	151
Book Value per Share	$10.08	$11.19	$11.01	$10.19	$4.12	$1.07	$13.09	$0.80	$0.98	$0.82	$0.78
Tangible Book Value per Share	$9.75	$11.14	$10.96	$10.15	$4.08	$1.03	$13.05	$0.80	$0.98	$0.82	$0.78
Total Capital	285	245	205	228	140	37	81	88	111	111	117
Total Debt	245	201	161	187	124	33	24	22	16	16	26
Total Long-Term Debt	245	201	161	187	124	33	24	22	16	16	26
Net Debt	166	135	68	93	51	-130	-112	-181	-185	-191	-83
Capital Expenditures (CapEx)	0.17	0.02	0.04	0.05	0.06	-0.10	0.07	0.00	0.02	0.08	0.55
Net Nonoperating Expense (NNE)	0.20	0.00	0.14	0.28	25	2.86	0.83	1.47	0.79	0.76	0.54
Net Nonoperating Obligations (NNO)	245	201	161	187	124	33	24	22	16	16	26
Total Depreciation and Amortization (D&A)	0.77	0.59	0.47	0.34	0.29	0.46	0.29	0.24	0.26	0.05	-0.68
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.95)	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M
Adjusted Diluted Earnings per Share	($0.95)	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.97M	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M
Normalized Net Operating Profit after Tax (NOPAT)	-3.57	0.91	-0.16	-2.80	-1.62	-6.69	-1.94	-3.54	-1.86	-1.51	-1.22
Normalized NOPAT Margin	-46.43%	9.61%	-2.13%	-39.56%	-22.71%	-101.48%	-29.08%	-56.85%	-25.82%	-15.92%	-11.81%
Pre Tax Income Margin	-66.32%	13.50%	-3.05%	-56.52%	-32.44%	-144.98%	-41.54%	-81.22%	-36.89%	-22.74%	-16.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.60	0.15	-0.03	-0.49	-0.30	-1.24	-0.32	-0.69	-0.41	-0.34	-0.23
NOPAT to Interest Expense	-0.42	0.10	-0.02	-0.34	-0.21	-0.87	-0.23	-0.48	-0.29	-0.24	-0.16
EBIT Less CapEx to Interest Expense	-0.62	0.14	-0.03	-0.49	-0.30	-1.23	-0.33	-0.69	-0.41	-0.36	-0.30
NOPAT Less CapEx to Interest Expense	-0.44	0.10	-0.02	-0.35	-0.21	-0.86	-0.23	-0.48	-0.29	-0.25	-0.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Patriot National Bancorp (NASDAQ: PNBK) showed a mixed but still challenged operating picture in Q1 2026, with weak profitability, heavy investing activity, and a balance sheet that has grown in size but remains pressured by losses and low equity.

On the income statement, the company reported a net loss of $1.8 million in Q1 2026, an improvement from the $2.3 million loss in Q4 2025 and far better than the $27.0 million loss in Q3 2024, which appears to have been an unusually difficult quarter. Still, the bank remains unprofitable, and its pre-tax loss of $1.7 million suggests core earnings are not yet consistently covering expenses.

Revenue trends were more constructive. Total revenue rose to $10.3 million in Q1 2026 from $9.5 million in Q4 2025 and $7.2 million in Q3 2025. That improvement was supported by higher net interest income of $7.1 million, up from $6.0 million in Q4 2025 and $5.0 million in Q3 2025. However, non-interest expense also climbed to $12.2 million, which kept the bank in the red.

Credit costs were relatively modest in Q1 2026, with a provision for credit losses of $181,000, down from $321,000 in Q4 2025 and well below the elevated levels seen in some earlier quarters. That is a constructive sign, but it is not enough on its own to offset the company’s expense burden.

The cash flow statement showed continued pressure from operations. Operating cash flow was negative $2.9 million in Q1 2026, compared with negative $4.0 million in Q4 2025 and positive $921,000 in Q2 2025. In other words, the business is not yet consistently generating cash from day-to-day operations.

Investing cash outflows were very large in Q1 2026 at negative $186.2 million, driven largely by purchase of investment securities of $51.1 million and large securities sale/maturity activity. This indicates the bank was actively repositioning its investment portfolio, but it also consumed a substantial amount of cash during the quarter.

Financing activity provided a major offset. Deposits increased by $82.6 million in Q1 2026, and financing cash flow totaled $91.1 million. That helped limit the overall net cash outflow to $97.9 million, though cash and liquidity management remain important given the scale of investing activity.

On the balance sheet, total assets were $1.18 billion, up from $951 million in Q3 2025 and $930 million in Q2 2025. The asset base is expanding again, with loans and leases, net, at $751.2 million and investment securities/trading account securities at $243.3 million. That suggests the company is still operating as a relatively sizable community/regional bank, but scale alone has not translated into profitability.

Capital remains a key concern. Total common equity was only $90.2 million in Q1 2026, down from $95.0 million in Q3 2025 and much lower than the $163.9 million reported in Q3 2024 before the company’s capital structure changed materially. Retained earnings were still deeply negative at negative $101.4 million, which reflects the accumulation of losses over time.

Total revenue improved to $10.3 million in Q1 2026, showing better top-line momentum than recent quarters.
Net interest income rose to $7.1 million, helped by stronger earning asset yields and a better spread than in late 2025.
Credit loss provision stayed low at $181,000, suggesting no major immediate spike in loan-loss reserves.
Deposits grew sharply by $82.6 million, which improves funding and liquidity flexibility.
Total assets increased to $1.18 billion, indicating the balance sheet is expanding.
The bank is actively reshaping its securities portfolio, which can help future earnings but also creates volatility in cash flow.
Cash and equivalents were $5.2 million, while restricted cash and deposits at other banks added liquidity, but the quarter still saw a large net cash outflow.
The company remained unprofitable, posting a $1.8 million quarterly loss.
Operating cash flow was negative at $2.9 million, showing the core business is still not self-funding.
Equity remains pressured by large accumulated losses, with retained earnings at negative $101.4 million.

Bottom line: PNBK showed some improvement in revenue and deposit growth in Q1 2026, but the company is still struggling to produce consistent profits and positive operating cash flow. For retail investors, the main questions are whether the bank can keep improving its net interest income, control expenses, and convert deposit growth into durable earnings.

07/21/26 01:55 AM ETAI Generated. May Contain Errors.

Patriot National Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Patriot National Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Patriot National Bancorp's net income appears to be on an upward trend, with a most recent value of -$12.71 million in 2025, falling from $2.14 million in 2015. The previous period was -$39.88 million in 2024. See Patriot National Bancorp's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Patriot National Bancorp's total revenue changed from $22.60 million in 2015 to $29.63 million in 2025, a change of 31.1%.

Patriot National Bancorp's total liabilities were at $993.16 million at the end of 2025, a 1.5% decrease from 2024, and a 67.8% increase since 2015.

In the past 10 years, Patriot National Bancorp's cash and equivalents has ranged from $2.20 million in 2023 to $7.38 million in 2018, and is currently $2.41 million as of their latest financial filing in 2025.

Over the last 10 years, Patriot National Bancorp's book value per share changed from 15.66 in 2015 to 0.82 in 2025, a change of -94.7%.

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Financial statements for NASDAQ:PNBK last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Patriot National Bancorp (PNBK) Financials

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Patriot National Bancorp (PNBK) Financials

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