Every 10-Q that Patriot National Bancorp Inc (PNBK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PNBK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PNBK filings page.
Patriot National Bancorp, Inc. reported much stronger results for the quarter ended June 30, 2026, posting net income of $143 thousand versus a net loss of $5.0 million a year earlier, as net interest income more than doubled to $8.96 million and the provision for credit losses declined. For the first six months, the company still recorded a net loss of $1.61 million, but this was significantly improved from a $7.78 million loss in the prior-year period.
Total assets rose to $1.32 billion, driven by strong loan growth, with net loans increasing to $877.4 million from $585.7 million, funded largely by deposit growth to $1.20 billion. Digital payments income continued to be an important revenue source, contributing $5.35 million year-to-date.
Credit quality remains a focus: non-accrual loans totaled $25.0 million, and the allowance for credit losses on loans increased to $8.47 million. The company also recorded a $5.5 million fair value write-down on certain credit card receivables, partly offset by $5.34 million of recoveries via indemnification and setoff rights. Rising rates pushed unrealized losses on available-for-sale securities to $21.0 million, contributing to a year-to-date comprehensive loss of $5.88 million.
Regulatory capital remained solid. As of June 30, 2026, the bank’s total capital ratio was 14.15%, above “well capitalized” thresholds, and the OCC formally terminated its prior agreement, lifting heightened capital and operational constraints.
Patriot National Bancorp, Inc. reported a first‑quarter 2026 net loss of $1.8M, improving from a $2.8M loss a year earlier, or a basic and diluted loss per share of $0.02 versus $0.21. Total assets rose to $1.18B, driven by loan growth to $759.0M and deposits increasing to $1.05B.
Net interest income nearly doubled to $7.1M, helped by higher securities income and lower interest expense, while digital payments income grew to $2.8M. However, higher salaries and other operating costs lifted non‑interest expense to $12.2M, keeping the company in a loss position.
Comprehensive loss was $4.0M, mainly from $2.2M in unrealized losses on available‑for‑sale securities as interest rates impacted bond values. Asset quality metrics show non‑accrual loans of $22.9M and an allowance for credit losses of $7.8M. At the bank level, regulatory capital ratios remain above both standard requirements and the higher minimums set in the OCC agreement, though the bank continues to be classified as “adequately capitalized.”
Patriot National Bancorp reported a net loss of $2.7 million for the quarter ended September 30, 2025, compared with a net loss of $27.0 million a year earlier. For the first nine months of 2025, the net loss narrowed to $10.4 million from $30.3 million in the prior-year period.
Total assets declined to $950.8 million from $1.01 billion at year-end 2024, as loans receivable fell to $581.5 million and deposits decreased to $830.9 million. Cash, cash equivalents and restricted cash increased to $201.5 million, and available-for-sale securities rose to $105.5 million.
The company executed a major recapitalization in 2025. Common shares outstanding increased from 3,991,852 at December 31, 2024 to 114,991,017 as of November 14, 2025, driven by preferred stock conversion, senior and subordinated debt conversions, and new common stock issuances, including a registered direct offering of 31,985,103 shares with associated warrants. Shareholders’ equity improved to $95.0 million from $4.3 million, while accumulated deficit widened to $97.3 million. Digital Payments income continued to grow, reaching $6.6 million year-to-date versus $3.5 million a year earlier.