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Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, online national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service. Its loan portfolio comprises commercial real estate, commercial business, small business administration, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, internet banking, bill payment, remote deposit capture, debit card, money order, traveler's check, and automatic teller machine services. It operates in New York; Connecticut; New Jersey; and internationally. Patriot National Bancorp, Inc. was founded in 1994 and is headquartered in Stamford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $29M | - | $-13M | $-14M | -13.4% | 4.1% | -68.1% |
| 2024 | $28M | - | $-40M | $3M | -935.1% | -17.4% | 854.3% |
| 2023 | $34M | - | $-4M | $-11M | -9.4% | -6.5% | -167.8% |
| 2022 | $37M | - | $6M | $7M | 10.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 36.63 | 34.25 | 28.27 | 29.43 |
| Operating Revenue | - | 36.63 | 34.25 | 28.27 | 29.43 |
| Selling General And Administration | - | 16.01 | 18.14 | 18.57 | 23 |
| Interest Income | - | 43.63 | 58.45 | 52.08 | 47.68 |
| Interest Expense | - | 10.75 | 30.46 | 32.28 | 28.73 |
| Net Interest Income | - | 32.88 | 28 | 19.79 | 18.95 |
| Pretax Income | - | 7.76 | -5.63 | -16.10 | -12.65 |
| Tax Provision | - | 1.60 | -1.45 | 23.78 | 0.06 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.29 | 0 | 0 |
| Net Income Continuous Operations | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Net Income From Continuing And Discontinued Operation | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Net Income From Continuing Operation Net Minority Interest | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Net Income | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Net Income Common Stockholders | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Net Income Including Noncontrolling Interests | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Normalized Income | - | 6.16 | -3.36 | -39.88 | -12.71 |
| Diluted NI Availto Com Stockholders | - | 6.16 | -4.18 | -39.88 | -12.71 |
| Basic Average Shares | - | 3.95 | 3.97 | 3.98 | 76.81 |
| Diluted Average Shares | - | 3.97 | 3.97 | 3.98 | 76.81 |
| Reconciled Depreciation | - | 1.47 | 1.35 | 1.35 | 1.19 |
| Total Unusual Items | - | 0 | -1.11 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | -1.11 | 0 | 0 |
| Special Income Charges | - | 0 | -1.11 | 0 | 0 |
| Impairment Of Capital Assets | - | 0 | 1.11 | 0 | 0 |
| Restructuring And Mergern Acquisition | 1.88 | 0.13 | - | - | - |
| Gain On Sale Of Security | - | 0 | 0.02 | -0.33 | 0 |
| General And Administrative Expense | - | 15.78 | 17.88 | 18.21 | 22.71 |
| Other Gand A | 1.45 | - | - | - | - |
| Salaries And Wages | - | 15.51 | 17.60 | 17.90 | 21.98 |
| Insurance And Claims | - | 0.27 | 0.28 | 0.32 | 0.73 |
| Selling And Marketing Expense | - | 0.23 | 0.27 | 0.36 | 0.29 |
| Occupancy And Equipment | - | 3.43 | 3.41 | 3.21 | 3.10 |
| Professional Expense And Contract Services Expense | - | 2.66 | 3.37 | 3.70 | 4.31 |
| Other Non Interest Expense | - | 4.89 | 6.42 | 6.43 | 10.17 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Patriot National Bancorp, Inc.this co. | PNBK | $125M | -9.81 | 1.32 | -13.4% | - |
| ECB Bancorp, Inc. | ECBK | $158M | 20.35 | 0.92 | 4.5% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $142M | 12.27 | 0.97 | 7.9% | - |
| Finward Bancorp | FNWD | $142M | 17.50 | 0.81 | 4.6% | - |
| SB Financial Group, Inc. | SBFG |
| - |
| - |
| - |
| - |
| - |
| - |
| $139M |
| 9.92 |
| 0.98 |
| 9.9% |
| - |
| SR Bancorp, Inc. | SRBK | $138M | 26.82 | 0.71 | 2.7% | - |
| Riverview Bancorp, Inc. | RVSB | $115M | 23.53 | 0.72 | 3.1% | - |
| Union Bankshares, Inc. | UNB | $106M | 9.60 | 1.32 | 13.7% | - |
| Sound Financial Bancorp, Inc. | SFBC | $100M | 13.92 | 0.91 | 6.5% | - |
| Peer Median | - | 15.71 | 0.92 | 5.6% | - | |