1.Sales and profit
See section β- Patriot National Bancorp Inc had $29.6M of revenue in fiscal 2025, up 4.2% on the year before. Over five years, revenue changed +2.5% a year on average.
- Patriot National Bancorp Inc lost $12.7M in fiscal 2025.
Patriot National Bancorp Inc
PNBK Nasdaq National Commercial Banks Financials FY2016βFY2025
Patriot National Bancorp Inc had $29.6M of revenue in fiscal 2025, up 4.2% on the year before. Over five years, revenue changed +2.5% a year on average.
Last close Β· Oct 23, 2026
$0.82
3.0%KIRAβs summary AI analyst
Hi! I read Patriot National Bancorp Incβs latest annual report (fiscal 2025). Here is what stands out:
1 strength 2 to watch
2.Cash and shareholders
See section β- Patriot National Bancorp Inc returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 1,831.8%.
- In the last 12 months, insiders bought $0.2M of shares on the open market and sold none.
3.Financial health
See section β- It earned β25.7% on shareholdersβ money. Running costs took 137.6% of revenue (the efficiency ratio; lower is better).
Patriot National Bancorp Inc in 30 seconds
Good So-so Weak
So-so
Are sales growing?
+4.2%
Only a little. Sales grew 4.2% last year.
Weak
Does it make a profit?
β42.9%
No. It lost money last year.
Weak
How lean are its costs?
137.6%
Costly. Running costs take 137.6% of revenue.
Weak
How much does it earn on its capital?
β25.7%
Low. It earns β25.7% a year on shareholdersβ money.
For information
How is the share priced?
10.3x
One share costs 10.3 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$96.8M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
10.3x
On $0.08 EPS (TTM)
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA Β· Patriot National Bancorp Inc had $29.6M of revenue in fiscal 2025, up 4.2% on the year before. Over five years, revenue changed +2.5% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY16
Revenue $24.0M
FY17
Revenue $27.3M
FY18
Revenue $29.6M
FY19
Revenue $27.9M
FY20
Revenue $26.1M
FY21
Revenue $29.7M
FY22
Revenue $36.9M
FY23
Revenue $34.5M
FY24
Revenue $28.4M
FY25
Revenue $29.6M
Revenue
Q3 '23
Revenue $7.7M
Q4 '23
Revenue $9.4M
Q1 '24
Revenue $7.7M
Q2 '24
Revenue $7.1M
Q3 '24
Revenue $7.1M
Q4 '24
Revenue $6.6M
Q1 '25
Revenue $6.7M
Q2 '25
Revenue $6.2M
Q3 '25
Revenue $7.2M
Q4 '25
Revenue $9.5M
Q1 '26
Revenue $10.3M
Q2 '26
Revenue $12.0M
Net interest income share and efficiency ratio
FY16
Net interest share 93.5%
Efficiency ratio 76.6%
FY17
Net interest share 94.7%
Efficiency ratio 77.4%
FY18
Net interest share 94.5%
Efficiency ratio 81.8%
FY19
Net interest share 91.1%
Efficiency ratio 95.5%
FY20
Net interest share 92.4%
Efficiency ratio 107.6%
FY21
Net interest share 85.1%
Efficiency ratio 84.8%
FY22
Net interest share 90.2%
Efficiency ratio 73.8%
FY23
Net interest share 82.6%
Efficiency ratio 94.8%
FY24
Net interest share 70.6%
Efficiency ratio 112.8%
FY25
Net interest share 64.5%
Efficiency ratio 137.6%
Net interest share
Efficiency ratio
Net interest income share and efficiency ratio
Q3 '23
Net interest share 84.8%
Efficiency ratio 105.4%
Q4 '23
Net interest share 66.3%
Efficiency ratio 95.0%
Q1 '24
Net interest share 70.6%
Efficiency ratio 94.4%
Q2 '24
Net interest share 70.9%
Efficiency ratio 112.9%
Q3 '24
Net interest share 70.3%
Efficiency ratio 118.0%
Q4 '24
Net interest share 70.6%
Efficiency ratio 128.4%
Q1 '25
Net interest share 59.2%
Efficiency ratio 130.6%
Q2 '25
Net interest share 67.4%
Efficiency ratio 156.7%
Q3 '25
Net interest share 69.4%
Efficiency ratio 142.9%
Q4 '25
Net interest share 62.7%
Efficiency ratio 126.1%
Q1 '26
Net interest share 68.6%
Efficiency ratio 118.6%
Q2 '26
Net interest share 74.4%
Efficiency ratio 106.6%
Net interest share
Efficiency ratio
Net income and earnings per share
KIRA Β· Patriot National Bancorp Inc lost $12.7M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY16
Net income $1.9M
FY17
Net income $4.1M
FY18
Net income $3.2M
FY19
Net income β$2.8M
FY20
Net income β$3.8M
FY21
Net income $5.1M
FY22
Net income $6.2M
FY23
Net income β$4.2M
FY24
Net income β$39.9M
FY25
Net income β$12.7M
Net income
Q3 '23
Net income β$3.8M
Q4 '23
Net income $0.9M
Q1 '24
Net income β$0.3M
Q2 '24
Net income β$3.1M
Q3 '24
Net income β$27.0M
Q4 '24
Net income β$9.5M
Q1 '25
Net income β$2.8M
Q2 '25
Net income β$5.0M
Q3 '25
Net income β$2.7M
Q4 '25
Net income β$2.3M
Q1 '26
Net income β$1.8M
Q2 '26
Net income $0.1M
Diluted EPS
FY16
Diluted EPS $0.49
FY17
Diluted EPS $1.06
FY18
Diluted EPS $0.82
FY19
Diluted EPS β$0.72
FY20
Diluted EPS β$0.97
FY21
Diluted EPS $1.29
FY22
Diluted EPS $1.55
FY23
Diluted EPS β$1.05
FY24
Diluted EPS β$10.03
FY25
Diluted EPS β$0.17
Diluted EPS
Q3 '23
Diluted EPS β$0.95
Q4 '23
Diluted EPS $0.24
Q1 '24
Diluted EPS β$0.08
Q2 '24
Diluted EPS β$0.77
Q3 '24
Diluted EPS β$6.78
Q4 '24
Diluted EPS β$2.40
Q1 '25
Diluted EPS β$0.21
Q2 '25
Diluted EPS β$0.06
Q3 '25
Diluted EPS β$0.03
Q4 '25
Diluted EPS $0.13
Q1 '26
Diluted EPS β$0.02
Q2 '26
Diluted EPS $0.00
Cash and shareholders
How much cash comes in, and where does it go?
Dividends, buybacks and share count
KIRA Β· Patriot National Bancorp Inc returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 1,831.8%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY16
Dividends β
Buybacks $1.0M
FY17
Dividends $0.1M
Buybacks $0.0M
FY18
Dividends $0.2M
Buybacks β
FY19
Dividends $0.2M
Buybacks β
FY20
Dividends $0.0M
Buybacks β
FY21
Dividends $0.0M
Buybacks β
FY22
Dividends $0.0M
Buybacks β
FY23
Dividends $0.0M
Buybacks β
FY24
Dividends $0.0M
Buybacks β
FY25
Dividends $0.0M
Buybacks β
Dividends
Buybacks
Diluted shares outstanding (annual)
FY16
Diluted shares 0.00B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.00B
FY20
Diluted shares 0.00B
FY21
Diluted shares 0.00B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.08B
Insider trades
KIRA Β· In the last 12 months, insiders bought $0.2M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.2M
1 insider
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Loans, deposits and capital at each fiscal year end.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Loans and deposits
FY16
Loans $577M
Deposits $529M
FY17
Loans β
Deposits $637M
FY18
Loans β
Deposits $743M
FY19
Loans β
Deposits $770M
FY20
Loans β
Deposits $686M
FY21
Loans β
Deposits $749M
FY22
Loans $838M
Deposits $860M
FY23
Loans $833M
Deposits $840M
FY24
Loans $700M
Deposits $967M
FY25
Loans $586M
Deposits $966M
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | β | $838M | $833M | $700M | $586M |
| Deposits | $749M | $860M | $840M | $967M | $966M |
| Loans / deposits | β | 97.4% | 99.1% | 72.4% | 60.6% |
| Total assets | $948M | $1.0B | $1.1B | $1.0B | $1.1B |
| Shareholders' equity | $67.3M | $59.6M | $44.4M | $4.3M | $94.7M |
| Goodwill | $1.1M | $1.1M | $0.0M | $0.0M | $0.0M |
| Intangible assets | $0.3M | $0.2M | $0.2M | $0.2M | $0.1M |
| Provision / loans | β | 0.2% | β | β | β |
Returns and efficiency
KIRA Β· It earned β25.7% on shareholdersβ money. Running costs took 137.6% of revenue (the efficiency ratio; lower is better).
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
In plain words: Return on equity is the profit made on shareholdersβ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
Return on equity, return on tangible equity and efficiency ratio
FY16
ROE 3.1%
ROTE 3.1%
Efficiency ratio 76.6%
FY17
ROE 6.4%
ROTE 6.4%
Efficiency ratio 77.4%
FY18
ROE 4.7%
ROTE 4.8%
Efficiency ratio 81.8%
FY19
ROE β4.1%
ROTE β4.3%
Efficiency ratio 95.5%
FY20
ROE β5.9%
ROTE β6.2%
Efficiency ratio 107.6%
FY21
ROE 7.8%
ROTE 7.7%
Efficiency ratio 84.8%
FY22
ROE 9.7%
ROTE 10.6%
Efficiency ratio 73.8%
FY23
ROE β8.0%
ROTE β9.5%
Efficiency ratio 94.8%
FY24
ROE β164.0%
ROTE β970.6%
Efficiency ratio 112.8%
FY25
ROE β25.7%
ROTE β13.4%
Efficiency ratio 137.6%
ROE
ROTE
Efficiency ratio
All figures
Every number, year by year.
10 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $24.0M | $27.3M | $29.6M | $27.9M | $26.1M | $29.7M | $36.9M | $34.5M | $28.4M | $29.6M |
| Net interest income | $22.4M | $25.9M | $28.0M | $25.4M | $24.2M | $25.3M | $33.3M | $28.5M | $20.1M | $19.1M |
| Noninterest income | $1.6M | $1.4M | $1.6M | $2.5M | $2.0M | $4.4M | $3.6M | $6.0M | $8.4M | $10.5M |
| Noninterest expense | $18.4M | $21.2M | $24.2M | $26.7M | $28.1M | $25.2M | $27.2M | $32.7M | $32.1M | $40.8M |
| Provision for credit losses | $2.5M | β$0.9M | $1.3M | $5.0M | $2.2M | β$0.5M | $1.9M | β | β | β |
| Interest expense | $3.0M | $7.0M | $12.4M | $18.2M | $13.8M | $7.1M | $10.8M | $30.5M | β | β |
| Pretax income | $3.1M | $7.0M | $4.1M | β$3.7M | β$4.2M | $5.0M | $7.8M | β$5.6M | β$16.1M | β$12.7M |
| Income tax | $1.2M | $2.9M | $0.9M | β$0.9M | β$0.3M | β$0.1M | $1.6M | β$1.5M | $23.8M | $0.1M |
| Net income | $1.9M | $4.1M | $3.2M | β$2.8M | β$3.8M | $5.1M | $6.2M | β$4.2M | β$39.9M | β$12.7M |
| Net income to common | β | β | β | β | β$3.8M | $5.1M | $6.2M | β$4.2M | β$39.9M | β$12.7M |
| Diluted EPS | $0.49 | $1.06 | $0.82 | β$0.72 | β$0.97 | $1.29 | $1.55 | β$1.05 | β$10.03 | β$0.17 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.08B |
| Cash flow | ||||||||||
| Cash from operations | $4.5M | $7.3M | $5.3M | β$11.9M | $6.3M | $7.6M | $7.0M | β$10.7M | $2.7M | β$14.2M |
| Capital expenditure | $3.5M | $3.1M | $1.1M | $0.6M | $0.1M | $0.4M | $0.4M | $0.4M | $0.1M | $0.2M |
| Free cash flow | $1.0M | $4.2M | $4.1M | β$12.5M | $6.2M | $7.2M | $6.6M | β$11.1M | $2.6M | β$14.3M |
| Depreciation and amortization | $1.2M | $1.3M | $1.5M | $1.6M | $1.5M | $1.5M | $1.3M | $1.2M | $1.1M | $1.0M |
| Stock-based compensation | $0.2M | $0.1M | $0.2M | $0.2M | $0.2M | $0.2M | $0.1M | $0.1M | $0.2M | $5.2M |
| Acquisitions | β | β | $5.1M | β | β | β | β | β | β | β |
| Share buybacks | $1.0M | $0.0M | β | β | β | β | β | β | β | β |
| Dividends paid | β | $0.1M | $0.2M | $0.2M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $1.0M | $0.1M | $0.2M | $0.2M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $92.3M | $48.7M | $66.4M | $39.4M | $34.6M | $47.0M | $38.5M | $66.5M | $163M | $207M |
| Total debt | $159M | $141M | $131M | $131M | $121M | $121M | $115M | $201M | $33.1M | $16.4M |
| Loans, net | $577M | β | β | β | β | β | $838M | $833M | $700M | $586M |
| Deposits | $529M | $637M | $743M | $770M | $686M | $749M | $860M | $840M | $967M | $966M |
| Property and equipment, net | $32.8M | $35.4M | $35.4M | $34.6M | $33.4M | $31.5M | $30.6M | $29.9M | $28.9M | $28.1M |
| Goodwill | β | $1.7M | $1.7M | $1.1M | $1.1M | $1.1M | $1.1M | $0.0M | $0.0M | $0.0M |
| Intangible assets | β | β | $0.7M | $0.6M | $0.3M | $0.3M | $0.2M | $0.2M | $0.2M | $0.1M |
| Total assets | $757M | $852M | $952M | $980M | $881M | $948M | $1.0B | $1.1B | $1.0B | $1.1B |
| Total liabilities | $694M | $785M | $882M | $913M | $818M | $881M | $984M | $1.0B | $1.0B | $993M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | β |
| Shareholders' equity | $62.6M | $66.7M | $69.3M | $67.0M | $63.2M | $67.3M | $59.6M | $44.4M | $4.3M | $94.7M |
| Margins | ||||||||||
| Net margin | 8.1% | 15.2% | 10.8% | β10.1% | β14.6% | 17.2% | 16.7% | β12.1% | β140.2% | β42.9% |
| FCF margin | 4.2% | 15.5% | 13.9% | β44.7% | 23.8% | 24.1% | 18.0% | β32.2% | 9.2% | β48.4% |
| Net interest share of revenue | 93.5% | 94.7% | 94.5% | 91.1% | 92.4% | 85.1% | 90.2% | 82.6% | 70.6% | 64.5% |
| Efficiency ratio | 76.6% | 77.4% | 81.8% | 95.5% | 107.6% | 84.8% | 73.8% | 94.8% | 112.8% | 137.6% |
| Returns | ||||||||||
| Return on equity | 3.1% | 6.4% | 4.7% | β4.1% | β5.9% | 7.8% | 9.7% | β8.0% | β164.0% | β25.7% |
| Return on assets | 0.3% | 0.5% | 0.4% | β0.3% | β0.4% | 0.6% | 0.6% | β0.4% | β3.8% | β1.2% |
| Return on tangible equity | 3.1% | 6.4% | 4.8% | β4.3% | β6.2% | 7.7% | 10.6% | β9.5% | β970.6% | β13.4% |
| Growth | ||||||||||
| Revenue growth | β | 14.1% | 8.4% | β5.8% | β6.4% | 13.6% | 24.2% | β6.4% | β17.6% | 4.2% |
| Net income growth | β | 114.9% | β22.9% | β188.1% | β | β | 20.9% | β167.8% | β | β |
| EPS growth | β | 116.3% | β22.6% | β187.8% | β | β | 20.2% | β167.7% | β | β |
| FCF growth | β | 324.7% | β2.4% | β401.9% | β | 15.4% | β7.6% | β268.0% | β | β645.7% |
| Share count change | β | β1.4% | 0.5% | 0.2% | 0.3% | 0.5% | 0.3% | 0.1% | 0.3% | 1,831.8% |
| Financial health | ||||||||||
| Debt / equity | 2.5x | 2.1x | 1.9x | 2.0x | 1.9x | 1.8x | 1.9x | 4.5x | 7.8x | 0.2x |
| Loans / deposits | 109.0% | β | β | β | β | β | 97.4% | 99.1% | 72.4% | 60.6% |
| Provision / loans | 0.4% | β | β | β | β | β | 0.2% | β | β | β |
| Capital allocation | ||||||||||
| Capex / revenue | 14.7% | 11.2% | 3.9% | 2.0% | 0.3% | 1.4% | 1.1% | 1.2% | 0.2% | 0.6% |
| Stock comp / revenue | 0.7% | 0.5% | 0.7% | 0.8% | 0.6% | 0.5% | 0.2% | 0.3% | 0.6% | 17.7% |
| Payouts / FCF | 102.1% | 1.9% | 3.7% | β | 0.0% | 0.0% | 0.0% | β | 0.0% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 7.0 | 4.0 | 1.0 | 3.0 | 6.0 | 6.0 | 0.0 | 3.0 | 2.0 |
| Accruals ratio | β0.3% | β0.4% | β0.2% | 0.9% | β1.1% | β0.3% | β0.1% | 0.6% | β4.0% | 0.1% |
Source: SEC EDGAR XBRL filings (CIK 0001098146). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.