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Patriot National Bancorp Inc  (PNBK)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $3.7000 $0.10 2.778%
Day's High: $3.7 Week Perf: -3.9 %
Day's Low: $ 3.70 30 Day Perf: -5.13 %
Volume (M): 0 52 Wk High: $ 10.06
Volume (M$): $ 1 52 Wk Avg: $6.24
Open: $3.70 52 Wk Low: $3.54



 Market Capitalization (Millions $) 15
 Shares Outstanding (Millions) 4
 Employees 95
 Revenues (TTM) (Millions $) 27
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) 28
 Capital Exp. (TTM) (Millions $) 0

Patriot National Bancorp Inc

Patriot National Bancorp, Inc., a Connecticut corporation, is a one-bank holding company for Patriot Bank, N.A, a national banking association headquartered in Stamford, Fairfield County, Connecticut (the “Bank”). The Bank received its charter and commenced operations as a national bank on August 31, 1994. The Bank currently has eight branch offices in Connecticut. The Bank also has branch offices in Bedford and Scarsdale, both located in Westchester County, New York.

On March 11, 2003, The Company formed Patriot National Statutory Trust I (the “Trust”) for the sole purpose of issuing trust preferred securities and investing the proceeds in subordinated debentures issued by the Company. The Company primarily invested the funds from the issuance of the debt in the Bank. The Bank in turn used the proceeds to fund general operations.

On April 1, 2008, the Bank acquired a 20% interest in a de novo insurance agency. The impact on the Bank’s operations in 2011, 2012 and 2013 had been minimal. During the fourth quarter of 2013, the Bank sold its interest in the de novo insurance agency.

The Bank conducts business at its main office located in Stamford, Connecticut and at other Connecticut branch offices located in Darien, Fairfield, Greenwich, Milford, Norwalk, Trumbull, and Westport. In New York State, the Bank conducts business at branch offices located in Bedford and Scarsdale. The Bank also operates a loan origination office at 900 Bedford Street, Stamford, Connecticut.

The Bank offers commercial real estate loans, commercial business loans, and a variety of consumer loans with an emphasis on serving the needs of individuals, small and medium-sized businesses and professionals. The Bank previously had offered loans on residential real estate, but discontinued doing so during 2013. The Bank’s lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York, although the Bank’s loan business is not necessarily limited to these areas.

Consumer and commercial deposit accounts offered include: checking, interest-bearing negotiable order of withdrawal “NOW”, money market, time certificates of deposit, savings, Certificate of Deposit Account Registry Service CDARS, Individual Retirement Accounts (“IRAs”) and Health Savings Accounts (“HSAs”). Other services offered by the Bank include include Automated Clearing House (“ACH”) transfers, lockbox, internet banking, bill paying, remote deposit capture, debit cards, money orders, traveler’s checks and automatic teller machines (“ATMs”). In addition, the Bank may in the future offer other financial services.

The Bank’s employees perform most routine day-to-day banking transactions. The Bank has entered into a number of arrangements with third parties for banking services such as correspondent banking, check clearing, data processing services, credit card processing and armored car carrier service.

In the normal course of business and subject to applicable government regulations, the Bank invests a portion of its assets in investment securities, which may include government securities. An objective of the Bank’s investment policy is to maintain a balance of high quality diversified investments to minimize risk while maintaining adequate levels of liquidity and limiting its exposure to interest rate movements and credit risk. Government agency issues currently comprise the majority of the Bank’s investment portfolio.



   Company Address: 900 Bedford Street Stamford 6901 CT
   Company Phone Number: 252-5900   Stock Exchange / Ticker: NASDAQ PNBK
   


Customers Net Income fell by PNBK's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        8.91% 
C        7.74% 
COF        8.14% 
JPM        6.7% 
PNC        7.04% 
WFC        6.58% 
• View Complete Report
   



Patriot National Bancorp Inc

Patriot National Bancorp Inc's Rollercoaster Ride through the Fourth Quarter Earnings Season

Patriot National Bancorp Inc, a commercial bank, recently released its financial results for the interval ending December 31, 2023. While there were some positive signs, such as a rise in revenue by 7.643%, there were also areas of concern, including a drop in earnings per share (EPS) from $0.44 to $0.33 compared to the previous year.
The financial results for Q3 showed a significant improvement, with revenue doubling by 240.153% to $3.01 million and EPS turning positive from $-0.95 per share. However, the overall earnings of $0.905 million for the year ending December 31, 2023, fell by -48.87% compared to $1.770 million in the corresponding period the previous year.

Patriot National Bancorp Inc

Patriot National Bancorp Inc's Financial Health in Jeopardy as Deficit Soars to -$0.95 in Q3 Earnings Season

The financial results reported by Commercial Banks company for the span ending September 30, 2023, were disastrous, with significant declines in both revenue and earnings per share compared to the previous year.
Firstly, the company's revenue experienced a staggering decrease of -69.001%, plummeting from $7.31 million to $3.01 million. This decline indicates a severe downturn in the company's business operations, raising concerns about its financial health and stability. Additionally, this drastic reduction in revenue is even more pronounced when comparing it to the prior reporting season, where revenue tumbled by -58.884%.

Patriot National Bancorp Inc

Patriot National Bancorp Inc Faces Financial Troubles with Weak Sales, Resulting in Losses



Patriot National Bancorp Inc, a company operating in the Commercial Banks sector, has been experiencing a significant decline in its financial performance over the past fiscal period. With a growing deficit, declining revenues, and a history of poor results, it seems that Patriot National Bancorp Inc is riddled with problems. In this article, we will delve into the company's recent financial report and analyze the implications it has on the stock's bearish outlook.
Declining profitability:
The most recent fiscal period report reveals a distressing deficit per stock of $-0.14 per share, compared to a profit of $0.32 per share during the previous year. This indicates a massive decline in profitability and raises concerns about the effectiveness of the company's management. Moreover, the deficit has also grown from $-0.01 per share in the prior reporting period, suggesting a worrying trend of worsening financials for Patriot National Bancorp Inc.

Patriot National Bancorp Inc

Patriot National Bancorp Inc Reports Steady Performance with Marginal Decrease in Revenue for Latest Fiscal Period

Patriot National Bancorp Inc (PNBK) is a commercial bank focused on providing financial services to individuals, small and medium-sized businesses, and municipalities in the United States. With its headquarters in New York, the bank operates through a network of branches across Long Island, Connecticut, New Jersey, and Massachusetts. The company offers a range of banking products and services, including deposits, loans, insurance, wealth management, and online banking.
For the fiscal interval closing March 31 2023, PNBK reported a loss of $-0.01 per share compared to $0.20 per share in the same period a year before. This decline in earnings per share can be attributed to a decrease in revenue, which fell by -0.371% to $7.51 million year over year. Sequentially, the revenue drop was even more significant, as it fell by -20.918% from the preceding reporting period to $9.50 million. The company also logged a net loss of $-0.053 million for the fiscal period, against a balanced book in the same reporting period a year prior.






 

Patriot National Bancorp Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Patriot National Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Patriot National Bancorp Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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