Patriot National Bancorp (PNBK) Financials

$0.85 -0.05 (-5.44%)

As of 02:13 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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76	0.14
Consolidated Net Income / (Loss)	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76	0.14
Net Income / (Loss) Continuing Operations	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.27	-1.76	0.14
Total Pre-Tax Income	1.27	-0.23	-4.01	-2.31	-9.55	-2.78	-5.05	-2.66	-2.16	-1.74	-1.38
Total Revenue	9.42	7.65	7.09	7.11	6.59	6.68	6.22	7.22	9.51	10	12
Net Interest Income / (Expense)	6.25	5.40	5.02	5.00	4.65	3.95	4.19	5.01	5.96	7.08	8.96
Total Interest Income	15	14	13	13	12	13	11	12	12	15	16
Loans and Leases Interest Income	14	13	12	12	11	9.98	9.10	8.57	8.92	10	12
Investment Securities Interest Income	0.73	0.73	0.71	0.73	0.68	0.58	0.59	0.65	1.30	2.95	3.11
Other Interest Income	-	-	-	-	-	-	1.81	-	-	-	1.06
Total Interest Expense	8.68	8.60	8.19	7.82	7.68	8.59	7.31	6.53	6.30	7.65	7.46
Deposits Interest Expense	6.62	6.69	6.29	6.19	6.89	7.80	6.79	6.09	5.98	7.26	7.05
Long-Term Debt Interest Expense	2.06	1.91	1.91	1.63	0.79	0.80	0.51	0.44	0.31	0.39	0.41
Total Non-Interest Income	3.17	2.25	2.06	2.12	1.94	2.73	2.03	2.21	3.55	3.25	3.09
Service Charges on Deposit Accounts	0.07	0.08	0.24	0.08	0.14	0.42	0.48	0.28	0.34	0.31	0.17
Other Service Charges	4.42	0.94	0.43	0.55	0.40	0.51	0.40	0.17	10.00	0.16	0.37
Net Realized & Unrealized Capital Gains on Investments	-	0.24	0.05	0.08	-0.27	0.04	-0.96	-0.99	-0.32	-0.01	-0.01
Other Non-Interest Income	-1.33	0.99	1.34	1.41	1.68	1.76	2.11	2.75	-6.47	2.79	2.56
Provision for Credit Losses	-0.80	0.66	3.09	1.03	7.68	0.73	1.52	-0.43	-0.32	-0.18	0.59
Total Non-Interest Expense	8.95	7.23	8.00	8.40	8.46	8.73	9.74	10	12	12	13
Salaries and Employee Benefits	3.84	4.16	4.62	4.71	4.41	4.51	5.24	5.69	6.53	6.82	6.34
Net Occupancy & Equipment Expense	1.08	1.14	1.20	1.12	1.07	1.13	1.22	1.24	1.22	1.29	1.33
Marketing Expense	0.05	0.05	0.09	0.11	0.12	0.15	0.04	0.05	0.05	0.04	0.04
Other Operating Expenses	2.88	1.88	2.09	2.46	2.87	2.93	3.24	3.33	4.19	4.09	5.14
Income Tax Expense	0.37	0.07	-0.92	25	-0.00	0.00	-0.05	-0.01	0.11	0.01	-1.53
Basic Earnings per Share	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)	$0.00
Weighted Average Basic Shares Outstanding	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M
Diluted Earnings per Share	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)	$0.00
Weighted Average Diluted Shares Outstanding	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M
Weighted Average Basic & Diluted Shares Outstanding	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	-12	26	0.88	-21	90	-26	67	-1.44	5.60	-98	12
Net Cash From Operating Activities	-0.17	1.80	6.05	-2.59	-2.57	-5.81	0.92	-5.24	-4.04	-2.91	-5.63
Net Cash From Continuing Operating Activities	-0.17	1.80	6.05	-2.59	-2.57	-5.81	0.92	-5.24	-4.04	-2.91	-5.63
Net Income / (Loss) Continuing Operations	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76	0.14
Consolidated Net Income / (Loss)	0.91	-0.30	-3.08	-27	-9.55	-2.78	-5.00	-2.66	-2.28	-1.76	0.14
Provision For Loan Losses	-0.80	0.66	3.09	1.03	7.68	0.73	1.52	-0.43	-0.32	-0.18	0.59
Depreciation Expense	0.29	0.28	0.27	0.27	0.26	0.25	0.28	0.23	0.22	0.21	0.24
Amortization Expense	0.30	0.19	0.07	0.02	0.20	0.04	-0.04	0.03	-0.17	-0.89	-1.46
Non-Cash Adjustments to Reconcile Net Income	3.39	1.22	3.45	25	-1.12	-5.76	5.04	-0.89	-3.54	6.67	-2.49
Changes in Operating Assets and Liabilities, net	-4.24	-0.25	2.25	-2.17	-0.04	1.70	-0.89	-1.52	2.05	-6.96	-2.66
Net Cash From Investing Activities	30	43	28	21	43	34	87	-18	-124	-186	-124
Net Cash From Continuing Investing Activities	30	43	28	21	43	34	87	-18	-124	-186	-124
Purchase of Property, Leasehold Improvements and Equipment	-0.02	-0.04	-0.05	-0.06	0.10	-0.07	-0.00	-0.02	-0.08	-0.55	-0.03
Purchase of Investment Securities	0.17	-2.48	-0.03	0.04	-0.04	33	-1.41	-51	-121	-51	-292
Sale and/or Maturity of Investments	23	46	28	21	46	0.93	89	32	-2.48	-135	168
Net Cash From Financing Activities	-43	-19	-33	-39	49	-55	-21	22	134	91	142
Net Cash From Continuing Financing Activities	-43	-19	-33	-39	49	-55	-21	22	134	91	142
Net Change in Deposits	3.29	19	-59	24	142	-104	-32	-0.00	135	83	153
Repayment of Debt	8.95	-52	26	-73	-88	-60	-7.06	-3.10	-2.84	10	-10
Repurchase of Common Equity	-	-	-	-	-	0.00	-	-	-	-2.78	-0.42
Other Financing Activities, Net	-1.78	1.61	-0.00	0.25	-1.54	1.96	-4.23	-0.83	-1.50	1.29	0.03
Cash Interest Paid	9.02	8.00	6.84	10	6.74	9.13	6.79	7.34	6.06	8.09	7.32

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	Q2 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	6/30/2026
Total Assets	1,137	1,073	1,039	974	957	930	951	1,177	1,318
Cash and Due from Banks	2.35	2.41	2.51	2.72	2.53	2.63	2.11	5.19	2.53
Restricted Cash	-	29	0.04	0.04	15	15	21	16	4.62
Interest Bearing Deposits at Other Banks	77	62	91	70	119	185	179	88	114
Trading Account Securities	86	88	87	90	81	81	106	243	240
Loans and Leases, Net of Allowance	864	797	761	741	667	580	581	751	877
Loans Held for Sale	22	14	14	14	21	15	18	20	24
Accrued Investment Income	7.12	6.61	6.45	5.93	5.05	4.92	4.26	6.27	6.53
Premises and Equipment, Net	30	30	29	29	29	28	28	28	28
Intangible Assets	0.21	0.19	0.18	0.17	0.14	0.13	0.12	0.10	0.09
Other Assets	47	46	47	22	18	18	11	18	20
Total Liabilities & Shareholders' Equity	1,137	1,073	1,039	974	957	930	951	1,177	1,318
Total Liabilities	1,097	1,030	998	958	899	864	856	1,087	1,229
Non-Interest Bearing Deposits	136	109	94	92	80	107	88	82	150
Interest Bearing Deposits	704	753	710	736	786	727	745	968	1,053
Long-Term Debt	245	161	187	124	24	22	16	26	16
Other Long-Term Liabilities	12	5.95	7.83	5.92	9.62	7.63	6.05	9.53	9.16
Total Equity & Noncontrolling Interests	40	44	41	16	57	66	95	90	89
Total Preferred & Common Equity	40	44	41	16	57	66	95	90	89
Total Common Equity	40	44	41	16	52	61	95	90	89
Common Stock	107	107	107	107	156	169	204	207	208
Retained Earnings	-48	-47	-50	-77	-90	-95	-97	-101	-101
Treasury Stock	-	-	-	-	-	-	-	-1.18	-1.18
Accumulated Other Comprehensive Income / (Loss)	-19	-16	-16	-13	-14	-13	-12	-14	-16

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	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	117,669,652.00
DEI Adjusted Shares Outstanding	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	117,669,652.00
DEI Earnings Per Adjusted Shares Outstanding	0.23	-0.08	-0.77	-6.78	-	-0.70	-0.07	-0.03	-0.02	-0.02	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.64%	-13.53%	-17.05%	-7.54%	-30.07%	-12.67%	-12.25%	1.45%	44.34%	54.47%	93.71%
EBITDA Growth	-46.94%	217.11%	-4,459.52%	53.43%	-589.34%	-1,129.88%	-31.24%	-19.17%	77.18%	2.54%	45.58%
EBIT Growth	-47.48%	75.63%	-373.40%	54.77%	-850.86%	-1,091.42%	-26.09%	-15.34%	77.36%	37.25%	72.59%
NOPAT Growth	-48.87%	75.63%	-373.40%	54.77%	-838.75%	-1,091.42%	-26.09%	-15.34%	77.36%	37.25%	72.59%
Net Income Growth	-48.87%	57.22%	-400.98%	-614.96%	-1,155.03%	-828.76%	-62.32%	90.14%	76.17%	36.80%	102.86%
EPS Growth	-45.45%	55.56%	-381.25%	-613.68%	-1,100.00%	-162.50%	92.21%	99.56%	105.42%	90.48%	100.00%
Operating Cash Flow Growth	-102.25%	948.58%	50.87%	81.94%	-1,440.12%	-423.01%	-84.77%	-102.16%	-57.15%	49.89%	-711.62%
Free Cash Flow Firm Growth	-563.56%	151.82%	156.80%	290.79%	388.61%	409.52%	154.62%	-81.19%	-137.38%	-130.21%	-113.20%
Invested Capital Growth	40.46%	-10.51%	-19.76%	-50.80%	-84.79%	-60.37%	-61.11%	-20.53%	197.66%	43.80%	19.11%
Revenue Q/Q Growth	22.45%	-18.79%	-7.38%	0.40%	-7.39%	1.43%	-6.94%	16.07%	31.76%	8.55%	16.69%
EBITDA Q/Q Growth	142.86%	-87.03%	-1,619.50%	44.87%	-342.22%	73.22%	-95.84%	49.94%	12.09%	-14.37%	-7.48%
EBIT Q/Q Growth	124.93%	-118.32%	-1,618.88%	42.37%	-313.82%	70.94%	-81.92%	47.29%	18.78%	19.43%	20.55%
NOPAT Q/Q Growth	125.34%	-118.02%	-1,618.88%	42.37%	-313.82%	70.94%	-81.92%	47.29%	18.78%	19.43%	20.55%
Net Income Q/Q Growth	124.01%	-133.04%	-930.43%	-774.85%	64.58%	70.92%	-80.09%	46.87%	14.38%	22.86%	108.15%
EPS Q/Q Growth	125.26%	-133.33%	-862.50%	-780.52%	64.60%	91.25%	71.43%	50.00%	533.33%	-115.38%	100.00%
Operating Cash Flow Q/Q Growth	98.84%	1,177.25%	236.13%	-142.85%	0.73%	-125.93%	115.85%	-668.73%	22.83%	27.96%	-93.44%
Free Cash Flow Firm Q/Q Growth	7.00%	134.21%	122.86%	169.12%	40.68%	-39.61%	11.37%	-80.12%	-379.54%	51.19%	51.35%
Invested Capital Q/Q Growth	-13.89%	-16.60%	11.13%	-38.35%	-73.38%	117.30%	9.07%	25.96%	-0.30%	4.98%	-9.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	19.72%	3.15%	-51.68%	-28.38%	-138.01%	-37.14%	-77.29%	-33.34%	-22.24%	-23.44%	-21.59%
EBIT Margin	13.50%	-3.05%	-56.52%	-32.44%	-144.98%	-41.54%	-81.22%	-36.89%	-22.74%	-16.88%	-11.49%
Profit (Net Income) Margin	9.61%	-3.91%	-43.48%	-378.89%	-144.93%	-41.56%	-80.43%	-36.82%	-23.92%	-17.00%	1.19%
Tax Burden Percent	71.15%	128.33%	76.93%	1,167.85%	99.97%	100.04%	99.03%	99.81%	105.23%	100.75%	-10.33%
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	28.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.58%	-0.33%	-4.93%	-3.34%	-20.41%	-5.59%	-9.57%	-5.48%	-6.35%	-3.97%	-3.24%
ROIC Less NNEP Spread (ROIC-NNEP)	1.58%	-0.41%	-5.06%	-17.07%	-22.85%	-6.49%	-10.97%	-6.61%	-9.43%	-6.10%	2.50%
Return on Net Nonoperating Assets (RNNOA)	4.80%	-1.51%	-24.70%	-111.78%	-110.01%	-11.92%	-21.52%	-8.32%	-4.72%	-2.09%	0.62%
Return on Equity (ROE)	6.38%	-1.83%	-29.63%	-115.12%	-130.42%	-17.51%	-31.09%	-13.80%	-11.07%	-6.06%	-2.62%
Cash Return on Invested Capital (CROIC)	-35.53%	9.51%	19.71%	66.36%	139.23%	77.35%	79.27%	11.74%	-111.34%	-44.16%	-23.18%
Operating Return on Assets (OROA)	0.44%	-0.09%	-1.64%	-0.96%	-3.92%	-1.12%	-2.19%	-1.02%	-0.64%	-0.53%	-0.40%
Return on Assets (ROA)	0.31%	-0.12%	-1.26%	-11.23%	-3.91%	-1.12%	-2.17%	-1.02%	-0.68%	-0.53%	0.04%
Return on Common Equity (ROCE)	6.38%	-1.83%	-29.63%	-115.12%	-130.42%	-16.62%	-29.60%	-13.80%	-11.07%	-5.85%	-2.53%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-8.66%	-15.41%	-179.60%	0.00%	-74.13%	-66.89%	-21.03%	0.00%	-12.96%	-7.36%
Net Operating Profit after Tax (NOPAT)	0.91	-0.16	-2.80	-1.62	-6.69	-1.94	-3.54	-1.86	-1.51	-1.22	-0.97
NOPAT Margin	9.61%	-2.13%	-39.56%	-22.71%	-101.48%	-29.08%	-56.85%	-25.82%	-15.92%	-11.81%	-8.04%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.08%	0.13%	13.73%	2.44%	0.90%	1.40%	1.13%	3.08%	2.12%	-5.74%
SG&A Expenses to Revenue	52.68%	69.83%	83.39%	83.46%	84.93%	86.76%	104.63%	96.70%	82.01%	79.00%	63.94%
Operating Expenses to Revenue	95.03%	94.45%	112.88%	118.02%	128.42%	130.57%	156.71%	142.86%	126.11%	118.63%	106.59%
Earnings before Interest and Taxes (EBIT)	1.27	-0.23	-4.01	-2.31	-9.55	-2.78	-5.05	-2.66	-2.16	-1.74	-1.38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.86	0.24	-3.66	-2.02	-9.09	-2.48	-4.81	-2.41	-2.12	-2.42	-2.60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.34	0.34	0.18	0.46	1.81	0.09	1.90	1.33	2.21	1.67	1.27
Price to Tangible Book Value (P/TBV)	0.34	0.34	0.18	0.47	1.88	0.09	1.90	1.33	2.21	1.68	1.27
Price to Revenue (P/Rev)	0.44	0.45	0.23	0.24	0.27	0.17	4.36	4.73	7.06	4.54	2.88
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)	0.61	0.41	0.44	0.42	0.00	0.00	0.00	0.00	0.17	0.59	0.07
Enterprise Value to Revenue (EV/Rev)	4.34	2.50	3.16	1.88	0.00	0.00	0.00	0.00	0.63	2.05	0.20
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	11.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.04	2.00	0.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.53	3.69	4.61	7.56	7.75	0.42	0.34	0.17	0.17	0.29	0.19
Long-Term Debt to Equity	4.53	3.69	4.61	7.56	7.75	0.42	0.34	0.17	0.17	0.29	0.19
Financial Leverage	3.04	3.70	4.88	6.55	4.81	1.84	1.96	1.26	0.50	0.34	0.25
Leverage Ratio	20.55	23.50	25.27	37.45	43.28	20.14	18.45	17.28	21.23	14.48	14.49
Compound Leverage Factor	20.55	23.50	25.27	37.45	43.28	20.14	18.45	17.28	21.23	14.48	14.49
Debt to Total Capital	81.92%	78.69%	82.19%	88.32%	88.58%	29.56%	25.19%	14.75%	14.80%	22.68%	15.62%
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	81.92%	78.69%	82.19%	88.32%	88.58%	29.56%	25.19%	14.75%	14.80%	22.68%	15.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	6.29%	5.76%	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	18.08%	21.31%	17.81%	11.68%	11.42%	64.16%	69.05%	85.25%	85.20%	77.32%	84.38%
Debt to EBITDA	-86.80	-74.86	-31.70	-34.58	-2.25	-1.38	-1.20	-0.87	-1.40	-2.26	-1.73
Net Debt to EBITDA	-58.08	-31.75	-15.82	-14.27	8.81	6.44	9.74	9.78	16.19	7.06	11.01
Long-Term Debt to EBITDA	-86.80	-74.86	-31.70	-34.58	-2.25	-1.38	-1.20	-0.87	-1.40	-2.26	-1.73
Debt to NOPAT	-51.00	-46.87	-33.11	-33.55	-2.93	-1.84	-1.62	-1.17	-1.86	-3.25	-2.96
Net Debt to NOPAT	-34.13	-19.88	-16.52	-13.84	11.50	8.60	13.11	13.20	21.53	10.18	18.88
Long-Term Debt to NOPAT	-51.00	-46.87	-33.11	-33.55	-2.93	-1.84	-1.62	-1.17	-1.86	-3.25	-2.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	5.06%	4.78%	0.00%	0.00%	3.46%	3.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-70	24	53	143	201	122	135	27	-75	-37	-18
Operating Cash Flow to CapEx	-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%	-17,069.70%
Free Cash Flow to Firm to Interest Expense	-8.04	2.78	6.49	18.32	26.24	14.16	18.55	4.12	-11.96	-4.81	-2.40
Operating Cash Flow to Interest Expense	-0.02	0.21	0.74	-0.33	-0.33	-0.68	0.13	-0.80	-0.64	-0.38	-0.76
Operating Cash Flow Less CapEx to Interest Expense	-0.02	0.20	0.73	-0.34	-0.32	-0.68	0.13	-0.80	-0.65	-0.45	-0.76
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	1.14	1.11	1.07	1.06	0.97	0.94	0.92	0.93	1.04	1.16	1.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	245	205	228	140	37	81	88	111	111	117	105
Invested Capital Turnover	0.16	0.15	0.12	0.15	0.20	0.19	0.17	0.21	0.40	0.34	0.40
Increase / (Decrease) in Invested Capital	71	-24	-56	-145	-208	-124	-139	-29	74	36	17
Enterprise Value (EV)	150	83	101	59	-122	-103	-60	-59	19	68	7.62
Market Capitalization	15	15	7.44	7.55	7.71	4.61	116	126	209	151	113
Book Value per Share	$11.19	$11.01	$10.19	$4.12	$1.07	$13.09	$0.80	$0.98	$0.82	$0.78	$0.76
Tangible Book Value per Share	$11.14	$10.96	$10.15	$4.08	$1.03	$13.05	$0.80	$0.98	$0.82	$0.78	$0.76
Total Capital	245	205	228	140	37	81	88	111	111	117	105
Total Debt	201	161	187	124	33	24	22	16	16	26	16
Total Long-Term Debt	201	161	187	124	33	24	22	16	16	26	16
Net Debt	135	68	93	51	-130	-112	-181	-185	-191	-83	-105
Capital Expenditures (CapEx)	0.02	0.04	0.05	0.06	-0.10	0.07	0.00	0.02	0.08	0.55	0.03
Net Nonoperating Expense (NNE)	0.00	0.14	0.28	25	2.86	0.83	1.47	0.79	0.76	0.54	-1.11
Net Nonoperating Obligations (NNO)	201	161	187	124	33	24	22	16	16	26	16
Total Depreciation and Amortization (D&A)	0.59	0.47	0.34	0.29	0.46	0.29	0.24	0.26	0.05	-0.68	-1.22
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M
Adjusted Diluted Earnings per Share	$0.24	($0.08)	($0.77)	($6.78)	($2.40)	($0.21)	($0.06)	($0.03)	$0.13	($0.02)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M
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	0.00	3.98M	3.98M	3.98M	0.00	76.26M	97.19M	114.99M	117.09M	117.67M	118.74M
Normalized Net Operating Profit after Tax (NOPAT)	0.91	-0.16	-2.80	-1.62	-6.69	-1.94	-3.54	-1.86	-1.51	-1.22	-0.97
Normalized NOPAT Margin	9.61%	-2.13%	-39.56%	-22.71%	-101.48%	-29.08%	-56.85%	-25.82%	-15.92%	-11.81%	-8.04%
Pre Tax Income Margin	13.50%	-3.05%	-56.52%	-32.44%	-144.98%	-41.54%	-81.22%	-36.89%	-22.74%	-16.88%	-11.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.15	-0.03	-0.49	-0.30	-1.24	-0.32	-0.69	-0.41	-0.34	-0.23	-0.19
NOPAT to Interest Expense	0.10	-0.02	-0.34	-0.21	-0.87	-0.23	-0.48	-0.29	-0.24	-0.16	-0.13
EBIT Less CapEx to Interest Expense	0.14	-0.03	-0.49	-0.30	-1.23	-0.33	-0.69	-0.41	-0.36	-0.30	-0.19
NOPAT Less CapEx to Interest Expense	0.10	-0.02	-0.35	-0.21	-0.86	-0.23	-0.48	-0.29	-0.25	-0.23	-0.13
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’s second-quarter 2026 results show a meaningful improvement in earnings, although the balance sheet remains highly leveraged and cash generation is still weak. Net income was $143,000 in Q2 2026, a sharp turnaround from losses of $1.8 million in Q1 2026 and $5.0 million in Q2 2025. The improvement was driven by stronger net interest income, lower credit-loss provisions and higher non-interest income.

The bank has expanded significantly. Total assets reached $1.32 billion at June 30, 2026, up from $930.0 million a year earlier. Net loans increased 51% year over year to $877.4 million, while total deposits rose approximately 44% to $1.20 billion. However, equity grew more slowly than assets, leaving total equity at approximately 6.7% of assets versus 7.1% a year earlier.

PNBK’s cash-flow profile remains a concern. Operating cash flow was negative $5.6 million in Q2 2026 and has been negative in most of the reported quarters since Q3 2024. The $12.3 million increase in cash during Q2 was primarily supported by $152.5 million of deposit growth, while the bank invested heavily in securities. Investors should also account for the restated historical figures and unusual swings in non-interest income when evaluating the trend.

Return to profitability: Q2 2026 net income was $143,000, reversing losses in each of the prior three reported quarters.
Net interest income improved sharply: Net interest income increased to $9.0 million in Q2 2026 from $7.1 million in Q1 and $4.2 million in Q2 2025, supported by substantial loan growth.
Strong balance-sheet growth: Total assets increased approximately 42% year over year, and net loans rose 51% to $877.4 million, creating greater potential for future interest income.
Deposit growth funded expansion: Total deposits increased by roughly $369 million year over year to $1.20 billion, providing funding for the larger loan and investment portfolio.
Lower credit-loss burden: The Q2 provision for credit losses was $590,000, down from $1.5 million in Q1 2026 and $1.0 million in Q3 2025.
Long-term debt declined: Long-term debt fell to $16.5 million from $26.5 million in Q1 2026 and $30.9 million in Q2 2025, reducing reliance on wholesale funding.
Investment activity has become a major source of balance-sheet volatility: The bank purchased $291.7 million of investment securities and sold or received maturities of $167.5 million in Q2, resulting in $124.2 million of net investing cash outflow.
Operating cash flow remains negative: Cash used in operating activities was $5.6 million in Q2 2026, following negative operating cash flow of $2.9 million in Q1 and $4.0 million in Q4 2025.
Operating expenses remain elevated: Non-interest expense rose to $12.8 million in Q2 2026 from $9.7 million in Q2 2025, exceeding total revenue and contributing to a pretax loss of $1.4 million.
Capital remains thin and accumulated losses are substantial: Total equity was $88.9 million, or about 6.7% of assets, while retained earnings remained negative at $101.2 million and accumulated other comprehensive losses reached $16.4 million.

10/13/26 02:16 PM 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 a downward trend, with a most recent value of -$12.71 million in 2025, compared with $2.14 million in 2015. The previous period was -$39.88 million in 2024. View Patriot National Bancorp's forecast to see where analysts expect Patriot National Bancorp to go next.

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%.

In the past 11 quarters, Patriot National Bancorp's cash and equivalents has ranged from $2.11 million in Q3 2025 to $5.19 million in Q1 2026, and is currently $2.53 million as of their latest financial filing in Q2 2026.

Patriot National Bancorp had total debt of $16.45 million at the end of 2025, a 50.3% decrease from 2024, and a 88.4% decrease since 2015.

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 8/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Patriot National Bancorp (PNBK) Financials

Financials Breakdown Chart

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Patriot National Bancorp Financials - Frequently Asked Questions

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Patriot National Bancorp (PNBK) Financials

Annual Income Statements for Patriot National Bancorp

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Quarterly Cash Flow Statements for Patriot National Bancorp

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Quarterly Balance Sheets for Patriot National Bancorp

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Quarterly Metrics And Ratios for Patriot National Bancorp

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Patriot National Bancorp Financials - Frequently Asked Questions

When does Patriot National Bancorp's fiscal year end?

How has Patriot National Bancorp's net income changed over the last 10 years?

How has Patriot National Bancorp's revenue changed over the last 10 years?

How much cash does Patriot National Bancorp have?

How much debt does Patriot National Bancorp have?

How has Patriot National Bancorp's book value per share changed over the last 10 years?

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