A Business at a Glance
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Patriot National Bancorp, Inc. (the “Company” or “PNBK”), 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”) (collectively, “Patriot”). The Bank received its charter and commenced operations as a national bank on August 31, 1994. The Bank has a total of eight branch offices comprised of seven branch offices located in Fairfield and New Haven Counties, Connecticut and one branch office located in Westchester County, New York as of December 31, 2024. 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 used the proceeds to fund general operations.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 27M | 28M | 35M | 37M | 30M | 26M |
| Net Income | -20M | -40M | -4.2M | 6.2M | 5.1M | -3.8M |
| EPS | $-2.56 | $-10.03 | $-1.05 | $1.55 | $1.29 | $-0.97 |
| Free Cash Flow | -13M | 2.6M | -11M | 6.6M | 7.2M | 6.2M |
| ROIC | 0.0% | 40.9% | 36.1% | 44.9% | 38.1% | 23.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 2.78 | 0.26 | 0.20 | 0.18 | 0.19 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| Operating Income | 0 | 10.0M | 16M | 19M | 12M | 9.6M |
| Operating Margin | 0.0% | 35.0% | 46.5% | 50.2% | 40.8% | 36.7% |
| ROE | -21.0% | -164.0% | -9.4% | 10.3% | 7.6% | -6.0% |
| Shares Outstanding | 115M | 74M | 74M | 4M | 4M | 4M |
PATRIOT NATIONAL BANCORP INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 36.7%. At current prices, the estimated annualized return to fair value is +2.6%.
PATRIOT NATIONAL BANCORP INC (PNBK) has a 5-year average return on invested capital (ROIC) of 36.7%. This indicates strong capital allocation and a potential competitive advantage.
PATRIOT NATIONAL BANCORP INC (PNBK) has a market capitalization of $153M. It is classified as a small-cap stock.
PATRIOT NATIONAL BANCORP INC (PNBK) does not currently pay a regular dividend.
PATRIOT NATIONAL BANCORP INC (PNBK) operates in the National Commercial Banks industry, within the Financials sector.
PATRIOT NATIONAL BANCORP INC (PNBK) reported annual revenue of $28 million in its most recent fiscal year, based on SEC EDGAR filings.
PATRIOT NATIONAL BANCORP INC (PNBK) has a net profit margin of -140.2%. The company is currently unprofitable.
PATRIOT NATIONAL BANCORP INC (PNBK) generated $3 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PATRIOT NATIONAL BANCORP INC (PNBK) has a debt-to-equity ratio of 2.78. This indicates higher leverage, which may increase financial risk.
PATRIOT NATIONAL BANCORP INC (PNBK) reported earnings per share (EPS) of $-10.03 in its most recent fiscal year.
PATRIOT NATIONAL BANCORP INC (PNBK) has a return on equity (ROE) of -164.0%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 16 years of financial data for PATRIOT NATIONAL BANCORP INC (PNBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PATRIOT NATIONAL BANCORP INC (PNBK) has a book value per share of $0.06, based on its most recent annual SEC filing.