PATRIOT NATIONAL BANCORP INC (PNBK) Patriot National Bancorp, Inc. functions as the parent company for Patriot Bank, N.A., providing a full spectrum of community banking solutions. Its services cater to individuals, small and medium-sized businesses, and professionals. The bank offers a diverse range of deposit products, including standard checking accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts, savings accounts, and prepaid deposit accounts. Specialized options like online national money market accounts, individual retirement accounts (IRAs), and health savings accounts (HSAs) are also available, alongside certificate of deposit account registry service (CDARS). In terms of lending, Patriot National Bancorp's portfolio comprises commercial real estate loans, business loans (including Small Business Administration-backed options), construction financing, purchased residential real estate mortgages, and various consumer loan products. Beyond core banking, the company facilitates automated clearing house (ACH) transfers, lockbox services, comprehensive internet banking with bill payment capabilities, remote deposit capture, debit cards, money orders, traveler's checks, and automated teller machine (ATM) access. The company operates nine physical branches: eight are located across Fairfield and New Haven Counties in Connecticut, with an additional branch in Westchester County, New York. Founded in 1994, Patriot National Bancorp, Inc. is headquartered in Stamford, Connecticut.
Sector: National Commercial Banks
Industry: Banks - Regional
Patriot National Bancorp, Inc. NASDAQ:PNBK Financial Services · Banks - Regional
AH Close $0.8400 vs close AH Close $0.8400 +1.97% vs close
All Press Release SEC Filings News
SEC Filing ⚠ 4
PNBK: 424B5 · prospectus supplement
Patriot National Bancorp (PNBK) is raising approximately $5.5 million gross ($5.15 million net) by selling 5,739,130 shares of common stock directly to accredited investors at $1.15 per share, closing on or about September 24, 2026.
The offering is priced 22% above the last reported Nasdaq sale price of $0.94 (September 23, 2026), with no underwriter or placement agent and no underwriting discounts. Investors also receive one five-year warrant per five shares purchased, exercisable at $1.25 after six months, which could add roughly $1.2 million in net proceeds if fully exercised.
Dilution is moderate at about 4.8% (shares outstanding rise from 118,742,200 to 123,524,808), but the company plans to contribute at least two-thirds of proceeds to Patriot Bank, N.A. within the first year — signaling recapitalization needs at the bank subsidiary. The stock trades near $1 with a history of capital raises, so further dilution risk remains elevated.
SEC 424B5 • 1mo ago AI analysis › SEC Filing ● Major ⚠ 5
PNBK: 8-K · material agreement
Patriot National Bancorp (PNBK) signed a securities purchase agreement on September 23, 2026 for a registered direct offering of 4,782,608 voting common shares at $1.15 per share, plus 956,522 five-year warrants at a $1.25 exercise price.
Gross proceeds are expected to be approximately $5.5 million before about $350,000 in expenses, with no underwriter or placement agent involved. Investors get one warrant per five shares purchased, exercisable six months after closing.
Proceeds will fund capital contributions to wholly-owned subsidiary Patriot Bank, N.A. — at least two-thirds within the first year — and general corporate purposes. A concurrent separate offering of subordinated notes due 2036 is also underway, and purchasers face 9.99% voting caps under bank control regulations; investors committing $20 million or more receive board observer rights.
SEC 8-K • 1mo ago AI analysis › SEC Filing ⚠ 3
PNBK: 8-K · debt financing
Patriot National Bancorp (PNBK) closed a $10.0 million private placement of 8.5% fixed-to-floating rate subordinated notes due September 30, 2036, on September 18, 2026, with qualified institutional buyers. The notes are intended to qualify as Tier 2 regulatory capital, are unsecured and subordinated, and become redeemable at the company's option on or after September 30, 2031.
From September 30, 2031 the notes float at three-month SOFR (floored at zero) plus 416 basis points, payable quarterly. Performance Trust Capital Partners acted as sole placement agent, and proceeds are earmarked for general corporate purposes, including funding growth and capital contributions to subsidiary Patriot Bank, N.A.
For PNBK holders the raise is non-dilutive and strengthens regulatory capital, supporting the bank's growth plans, though the 8.5% coupon adds meaningful interest expense for a small holding company dependent on dividends from the Bank.
SEC 8-K • 1mo ago AI analysis › SEC Filing
PNBK: 8-K · earnings release
Patriot National Bancorp (NASDAQ: PNBK) filed an 8-K on August 17, 2026 disclosing that it posted a presentation of certain Q2 2026 financial information to its investor relations website.
The presentation was furnished as Exhibit 99.1 under Item 7.01 Regulation FD, and the filing states the information is furnished rather than filed, meaning it is not subject to Section 18 liability of the Exchange Act.
The 8-K text itself contains no specific Q2 2026 financial figures, so any assessment of results depends on the content of the furnished presentation, which investors must retrieve from the company's website at bankpatriot.com.
SEC 8-K • 2mo ago SEC Filing ⚠ 9
PNBK: 10-Q · periodic report
Patriot National Bancorp returned to quarterly profitability in Q2 2026, reporting net income of $0.1 million ($0.00 per share) versus a $5.0 million loss a year earlier, and cut its first-half loss to $1.6 million from $7.8 million. Net interest income jumped 114% to $9.0 million and net interest margin expanded to 3.03% from 1.85%, driven by roughly 50% loan growth and redeployment of cash into securities.
The bigger milestone is regulatory: the OCC formally terminated its Formal Agreement with Patriot Bank on June 30, 2026, reclassifying the bank from 'adequately capitalized' to 'well capitalized', and on July 7, 2026 notified the bank it is no longer in 'troubled condition'. This removes a major supervisory overhang and a source of elevated legal and compliance costs.
The balance sheet grew sharply, with total assets rising to $1.32 billion, net loans to $877.4 million, and deposits to $1.2 billion (up $235 million) since year-end, including $385 million tied to digital payments customers. Offsetting that, shareholders' equity fell $5.8 million to $88.9 million and on-hand liquidity dropped to 18.06% of liabilities from 39.62% as cash was deployed into earning assets.
Watch items include non-interest expense up 32% to $12.8 million on new leadership hires and compliance costs, and a $5.5 million valuation allowance taken on credit card receivables after an anticipated sale fell through, partially offset by $5.3 million of indemnification income. A new risk factor also flags heavy dependence on third-party program managers and fintech vendors, where indemnification rights may prove insufficient.
SEC 10-Q • 2mo ago AI analysis › SEC Filing
PNBK: 8-K · earnings release
Patriot National Bancorp posted a presentation of Q2 2026 financial information for its subsidiary, Patriot Bank, National Association, on its Investor Relations website on July 31, 2026. The presentation is furnished as Exhibit 99.1 to the Form 8-K and is not deemed filed for purposes of the Securities Exchange Act. CFO Carlos P. Salas signed the report on behalf of the company.
SEC 8-K • 2mo ago SEC Filing ⚠ 1
PNBK: 8-K · regulatory action
Patriot National Bancorp announced that its subsidiary, Patriot Bank, N.A., is no longer considered to be in 'troubled condition' by the Office of the Comptroller of the Currency as of July 7, 2026. This notification confirms that the bank has successfully exited the regulatory status it had held since January 2025.
The termination of the related Formal Agreement was previously disclosed on July 1, 2026, making this filing the final administrative step confirming the bank's rehabilitation. This development lifts the operational restrictions associated with the troubled condition designation.
SEC 8-K • 3mo ago Press Release
Patriot Bank’s Formal Agreement With the OCC Has Been Terminated
Patriot National Bancorp announced that its subsidiary, Patriot Bank, has had its Formal Agreement with the OCC terminated effective June 30, 2026.
The OCC stated that the safety and soundness of the bank no longer requires the continued existence of the agreement, citing improved compliance.
CEO Steven Sugarman noted that the termination reduces regulatory costs and allows the team to focus on expanding the deposit franchise.
• 3mo ago AI analysis › Press Release
Patriot Bank Opens Flagship California Location in Beverly Hills With Over $100 Million in Deposits
globenewswire.com • 3mo ago Press Release
Patriot Bank Expands into Palm Beach and the South Florida Market
Patriot National Bancorp announced the expansion of its subsidiary, Patriot Bank, into the South Florida market with a flagship Palm Beach location expected to open by year-end.
The bank appointed Jamie Bruneau as Executive Vice President and Florida Market President and James Ford as Senior Relationship Manager to lead the new office, leveraging their prior experience at First Republic Bank and Safra National Bank.
The expansion targets high-net-worth clients and family offices, supporting the bank's strategy to serve affluent markets where it currently holds $1.2 billion in total assets.
• 4mo ago AI analysis › SEC Filing ● Major ⚠ 3
PNBK: 8-K · reverse split
Patriot National Bancorp (PNBK) shareholders approved a reverse stock split at their annual meeting on May 20, 2026. The board was authorized to execute a split at a ratio between 1-for-10 and 1-for-20 within the next year, a move typically undertaken to meet exchange listing requirements when stock prices fall significantly.
The proposal passed with overwhelming support, receiving 89.5 million votes in favor versus only 213,000 against. This indicates broad shareholder acceptance of the necessity to preserve the company's public listing status on the NASDAQ Global Market.
The filing also confirms the re-election of the entire seven-member board of directors and the ratification of Baker Tilly US, LLP as the independent auditor. The reverse split authorization is the most material outcome of the meeting, signaling severe pressure on the company's share price.
SEC 8-K • 4mo ago SEC Filing ⚠ 4
PNBK: 10-Q · periodic report
Patriot National Bancorp reported a net loss of $1.8 million for the first quarter of 2026, a significant improvement from the $2.8 million loss recorded in the same period of 2025. The improvement was driven by higher net interest income of $7.1 million, up from $4.0 million year-over-year, and a net recovery of $181 thousand in provision for credit losses.
Total assets grew to $1.18 billion, primarily due to $133.1 million in loan purchases concentrated in residential and commercial real estate, and $51.0 million in purchases of available-for-sale securities. The bank continues to operate under an OCC Agreement, which influences its capital and compliance priorities, and maintains a full valuation allowance against its deferred tax assets due to cumulative losses.
Non-interest income rose to $3.2 million, supported by growth in digital payments fee income, while non-interest expenses increased to $12.2 million due to higher salaries, professional services, and regulatory costs. The company drew $10.0 million in short-term borrowings from the FHLB and FRB to manage liquidity, with total deposits increasing to $1.05 billion.
SEC 10-Q • 5mo ago AI analysis › News
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defenseworld.net • 6mo ago News
Short Interest in Patriot National Bancorp Inc. (NASDAQ:PNBK) Grows By 83.2%
defenseworld.net • 6mo ago News
Patriot National Bancorp (NASDAQ:PNBK) Stock Crosses Above 200 Day Moving Average – Here’s Why
defenseworld.net • 7mo ago Recent SEC filings with analysis 
