Last $1.40 USD
Change Today 0.00 / 0.00%
Volume 7.4K
PNBK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

patriot national bancorp inc (PNBK) Snapshot

Open
$1.40
Previous Close
$1.40
Day High
$1.44
Day Low
$1.40
52 Week High
06/16/14 - $1.74
52 Week Low
01/29/14 - $0.96
Market Cap
54.8M
Average Volume 10 Days
4.4K
EPS TTM
$-0.13
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 automated teller machine 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 nine branch offices in Connecticut; two branch offices in New York; and a loan production 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 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.

Patriot National Bancorp Inc. and Patriot National Bank Announces Termination of Employment of Kenneth T. Neilson, a President and Chief Executive Officer

Patriot National Bancorp Inc. and Kenneth T. Neilson, President and Chief Executive Officer of the company and Patriot National Bank, a subsidiary of the company, have determined that the term of Mr. Neilson's employment agreement will not be extended past its contemplated one-year term ending March 2014. Mr. Neilson has successfully completed the series of earnings and operating initiatives set by the Board of Directors of the company, and expects to conclude his assignment with the transition of his responsibilities to his successor, who will focus on asset growth and community lending. Mr. Neilson will continue in his role as a member of the Board of Directors of the company.

 

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Valuation PNBK Industry Range
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Price/Sales 2.9x
Price/Book 1.3x
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