PATRIOT NATIONAL BANCORP INC (PNBK) Form 10-Q — May 15, 2026
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.
Key figures
- Total Assets
- 1176794000
- Cash Position
- 109192000
- Net Charge Offs
- 206000
- Total Deposits
- 1048426000
- Non Accrual Loans
- 22870000
- Net Interest Income
- 7076000
- Non Interest Income
- 3246000
- Shares Outstanding
- 117669652
- Non Interest Expense
- 12245000
- Allowance For Credit Losses
- 7779000
Price after filing
Close on the filing date to close N calendar days later (from $1.12). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.