Last $1.72 USD
Change Today -0.02 / -1.15%
Volume 2.6K
PNBK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

patriot national bancorp inc (PNBK) Snapshot

Open
$1.74
Previous Close
$1.74
Day High
$1.74
Day Low
$1.70
52 Week High
07/24/14 - $2.38
52 Week Low
01/29/14 - $0.96
Market Cap
67.4M
Average Volume 10 Days
4.9K
EPS TTM
$-0.03
Shares Outstanding
39.2M
EX-Date
05/14/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PATRIOT NATIONAL BANCORP INC (PNBK)

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patriot national bancorp inc (PNBK) Details

Patriot National Bancorp, Inc. operates as the bank holding company for Patriot National Bank that provides consumer and commercial banking services to individuals, small and medium-sized businesses, and professionals. It offers consumer and commercial deposit accounts, such as checking accounts, interest-bearing NOW accounts, insured money market accounts, time certificates of deposit, savings accounts, individual retirement accounts, and health savings accounts. The company also provides commercial loans, including secured and unsecured loans to service companies, manufacturers, restaurants, wholesalers, retailers, and professionals; personal loans, such as lines of credit, installment loans, overdraft protection, and credit cards; real estate loans consisting of home mortgages, home improvement loans, bridge loans, home equity loans, and lines of credit to individuals; and commercial real estate loans to area businesses. In addition, it offers Internet banking, bill paying, remote deposit capture, debit card, money order, traveler’s checks, and ATMs services; and solicits and processes mortgage loan applications from consumers on behalf of permanent investors and originates loans for sale. It provides banking services through eight branch offices in Connecticut; two branch offices in New York; and a loan origination office in Stamford, Connecticut. The company was founded in 1994 and is headquartered in Stamford, Connecticut. Patriot National Bancorp Inc. is a subsidiary of PNBK Holdings LLC.

89 Employees
Last Reported Date: 03/25/14
Founded in 1994

patriot national bancorp inc (PNBK) Top Compensated Officers

Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $48.5K
Executive Vice President and Chief Credit Off...
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

patriot national bancorp inc (PNBK) Key Developments

Patriot National Bancorp, Inc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2014

Patriot National Bancorp Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $525,000 or $0.01 per diluted share compared to net loss of $3,912,000 in the second quarter of 2013. Interest income was decreased by 8.5% from the second quarter of last year. The decreases were due to lower loan balances outstanding and the low interest rate environment. Net interest income was $4,134,000, a 3.1% increase compared with $4,009,000 for the first quarter of 2014 and a 2.5% increase from the $4,033,000 for the second quarter of last year. Total interest and dividend income was $4,856,000 against $5,309,000 a year ago. Net interest income after provision for loan losses was $4,134,000 against $4,033,000 a year ago. Income before income taxes was $525,000 against loss before income taxes of $3,912,000 a year ago. For the six months, the company net income of $844,000 or $0.02 basic and diluted income per share, an increase of $6.7 million, compared to net loss of $5,869,000 or $0.15 basic and diluted loss per share for the six months ended June 30, 2013. Results for the quarter and six months ended June 30, 2013 included prepayment penalty fees on borrowings of $2.7 million and net restructuring charges of $394,000. Excluding these expenses, net income at June 30, 2014 increased $1.3 million or $0.03 per share and $3.6 million or $0.09 per share from the prior year's quarter and year-to-date net income, respectively. Total interest and dividend income was $9,735,000 against $10,810,000 a year ago. Net interest income was $8,143,000 against $7,907,000 a year ago. Net interest income after provision for loan losses was $8,143,000 against $7,937,000 a year ago. Income before income taxes was $844,000 against loss before income taxes of $5,890,000 a year ago. For the second quarter ended June 30, 2014, the company reported net loan charge-offs of $266,000 against $395,000 a year ago.

Patriot National Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Patriot National Bancorp Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $319,000, or $0.01 per share, compared to a net loss of $1.96 million, $0.05 loss per share, for the same quarter ended March 31, 2013. Net interest income was $4.01 million, compared to $3.87 million for the same quarter ended March 31, 2013. Income before income taxes was $319,000, compared to a loss before income taxes of $1.98 million for the same quarter ended March 31, 2013.

Patriot National Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Patriot National Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest and dividend income was USD 4,879,000 compared to USD 5,501,000 a year ago. Net interest income was USD 4,009,000 compared to USD 3,874,000 a year ago. Net interest income after provision for loan losses was USD 4,009,000 compared to USD 3,904,000 a year ago. Income before income taxes was USD 319,000 compared to loss before income taxes of USD 1,978,000 a year ago. Net income was USD 319,000 or USD 0.01 per basic and diluted share compared to net loss of USD 1,957,000 or USD 0.05 per basic and diluted share a year ago. Book value per share was USD 1.09 as on March 31, 2014 compared to USD 1.24 as on March 31, 2013. The increase in net interest income occurred across all categories of ongoing non interest income except for a slight decline on income from Bank Owned Life Insurance due to the interest rate environment.

 

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