Patriot National Bancorp, Inc.

NasdaqGM:PNBK Stock Report

Market Cap: US$133.0m

Patriot National Bancorp Past Earnings Performance

Past criteria checks 0/6

Patriot National Bancorp's earnings have been declining at an average annual rate of -61.5%, while the Banks industry saw earnings growing at 3.9% annually. Revenues have been declining at an average rate of 6.7% per year.

Key information

-61.49%

Earnings growth rate

-48.80%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate-6.65%
Return on equity-12.96%
Net Margin-35.77%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Sep 10

Recapitalization And New Leadership Aim To Save Patriot National Bancorp

Summary Patriot National Bancorp (NASDAQ: PNBK) has suffered massive losses and dilution, with profitability still in question and the stock trading in penny territory, reflecting market skepticism. The investment thesis hinges on new leadership, particularly CEO Stephen Sugarman, whose track record and insider holdings offer hope for a turnaround. Recent quarters show modest improvements in credit metrics and net interest margin, but the bank remains highly speculative and faces significant risks. New management and insider alignment keep me from giving the stock a Sell rating, but a realistic path to profitability needs to be clear before considering PBNK a Buy. Read the full article on Seeking Alpha
Analysis Article • Aug 01

Should You Be Adding Patriot National Bancorp (NASDAQ:PNBK) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Mar 21

Here's Why We Think Patriot National Bancorp (NASDAQ:PNBK) Might Deserve Your Attention Today

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha • Aug 05

Patriot National Bancorp GAAP EPS of $0.32, revenue of $8.52M

Patriot National Bancorp press release (NASDAQ:PNBK): Q2 GAAP EPS of $0.32. Revenue of $8.52M (+27.4% Y/Y).
Seeking Alpha • Jul 21

Patriot National announces termination of merger with American Challenger

Patriot National (NASDAQ:PNBK) notifies the termination of the merger pact, dated November 14, 2021, between Patriot and American Challenger Development Corp. as amended. The parties have mutually determined that not all closing conditions of the merger can be satisfied under the current structure and agreement. Although the parties remain in active discussions regarding a modified transaction, it is uncertain whether a new agreement can be reached. Accordingly, it was by mutual consent of the companies and was unanimously approved by the boards of each company to terminate the existing merger pact. When the companies announced the deal in November 2021, they had expected to close the transactions in Q1 2022. Patriot said the acquisition of American Challenger will create a digital-first national bank. Earlier this month, Patriot National Bancorp received OCC approval for American Challenger merger.
Seeking Alpha • Jul 06

Patriot National Bancorp gets OCC approval for American Challenger merger

Patriot National Bancorp's (NASDAQ:PNBK) Patriot Bank, N.A., received an approval from the Office of the Comptroller that's needed for its merger with American Challenger Development, the company said Wednesday. The OCC approval will automatically terminate if the proposed transactions aren't completed within six months of June 30, 2022, unless the OCC grants an extension. Patriot (PNBK) said it's is working with American Challenger and investors in order to meet the remaining closing conditions. When the companies announced the deal in November 2021, they had expected to close the transactions in Q1 2022. Patriot said the acquisition of American Challenger will create a digital-first national bank.

Revenue & Expenses Breakdown

How Patriot National Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:PNBK Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2633-12370
31 Dec 2528-13340
30 Sep 2517-20310
30 Jun 2516-44300
31 Mar 2515-42290
31 Dec 2416-40280
30 Sep 2427-29270
30 Jun 2424-6270
31 Mar 2427-4270
31 Dec 2327-4270
30 Sep 2326-3270
30 Jun 23333260
31 Mar 23345250
31 Dec 22356240
30 Sep 22356230
30 Jun 22335220
31 Mar 22315220
31 Dec 21305220
30 Sep 21272230
30 Jun 21260230
31 Mar 2125-2230
31 Dec 2024-4240
30 Sep 2022-4240
30 Jun 2023-4240
31 Mar 2022-4240
31 Dec 1923-3230
30 Sep 1925-1230
30 Jun 19250230
31 Mar 19282220
31 Dec 18283210
30 Sep 18293210
30 Jun 18294190
31 Mar 18283190
31 Dec 17284190
30 Sep 17245170
30 Jun 17234160
31 Mar 17203160
31 Dec 16212160
30 Sep 16211160
30 Jun 16211160
31 Mar 16233160
31 Dec 15222170
30 Sep 1522-1170

Quality Earnings: PNBK is currently unprofitable.

Growing Profit Margin: PNBK is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PNBK is unprofitable, and losses have increased over the past 5 years at a rate of 61.5% per year.

Accelerating Growth: Unable to compare PNBK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PNBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (24%).

Return on Equity

High ROE: PNBK has a negative Return on Equity (-12.96%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/05 08:00
End of Day Share Price 2026/08/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Patriot National Bancorp, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian MeredithUBS Investment Bank