Earnings summaries and quarterly performance for PATRIOT NATIONAL BANCORP.
Executive leadership at PATRIOT NATIONAL BANCORP.
Steven Sugarman
Detailed
President and Chief Executive Officer
CEO
AM
Angie Miranda
Detailed
Executive Vice President and Chief Risk Officer
CS
Carlos Salas
Detailed
Executive Vice President and Chief Financial Officer
FS
Frederick Staudmyer
Detailed
Secretary and Chief Human Resources Officer
SG
Steven Grunblatt
Detailed
Executive Vice President and Chief Information Officer
WS
William Simmons
Detailed
Executive Vice President and Chief Credit Officer
Board of directors at PATRIOT NATIONAL BANCORP.
Research analysts covering PATRIOT NATIONAL BANCORP.
Recent press releases and 8-K filings for PNBK.
Patriot National Bancorp details 2025 progress and 2026 outlook
PNBK
Management Change
New Projects/Investments
Guidance Update
- Patriot National Bancorp's subsidiary, Patriot Bank, N.A., raised nearly $100 million in common equity and significantly reconstructed its management team and Board of Directors in 2025.
- The bank launched a strategic restructuring in 2025, including new loan programs and a refocus on high-net-worth clients, with the restructuring expected to conclude in the first half of 2026.
- As of September 30, 2025, Patriot reported a Tier 1 capital ratio of over 18%, and its cost of deposits decreased from 3.7% in Q1 2025 to 3.25% by Q3 2025.
- Patriot returned to profitability in late 2025 and targets achieving consolidated profitability in 2026, aiming for a Net Interest Margin (NIM) exceeding 3.50% and Return on Tangible Common Equity (ROTCE) exceeding 15.0%.
Dec 31, 2025, 9:06 PM
Unity Bancorp Reports Q3 2025 Earnings
PNBK
Earnings
New Projects/Investments
- Unity Bancorp, Inc. reported net income of $14.4 million, or $1.41 per diluted share, for the quarter ended September 30, 2025. This compares to net income of $16.5 million, or $1.61 per diluted share, for the quarter ended June 30, 2025.
- For the nine months ended September 30, 2025, net income was $42.5 million, or $4.15 per diluted share, an increase from $29.9 million, or $2.94 per diluted share, for the same period in 2024.
- The company's net interest margin expanded by 5 basis points to 4.54% in Q3 2025, and sequential growth included loans increasing by $85.9 million (3.6%) and deposits growing by $80.1 million (3.7%).
- Unity Bancorp opened its 22nd branch in Madison, NJ, and converted its Patriot National Bancorp, Inc. debt position into approximately 2.7 million restricted common shares, contributing $0.8 million to net income for the quarter.
Oct 14, 2025, 10:00 AM
Patriot National Bancorp, Inc. Announces Registered Direct Offering of Common Stock and Warrants
PNBK
- Patriot National Bancorp, Inc. entered into agreements on August 29, 2025, for a registered direct offering of 31,985,103 shares of common stock and warrants.
- The offering includes 19,196,000 shares of voting common stock and 12,789,103 shares of non-voting common stock that will be issuable upon exercise of three-year warrants.
- Shares are being sold at $1.25 per share, and warrants at $0.125 per Warrant Share, with an exercise price of $1.56 per Warrant Share.
- The company expects to receive approximately $25.6 million in gross proceeds from the offering, which will be used for general corporate purposes including capital expenditures, working capital, and debt repayment.
- The closing of the offering is anticipated on or about September 3, 2025.
Sep 2, 2025, 8:58 PM
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