Patriot National Bancorp Inc. (PNBK)

Nasdaq: PNBK · National Commercial Banks · Stamford, CT · filing with the SEC since 2000

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Grade1.1

◀ Past 0.4● Present 0.5▶ Future 3.1

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Patriot National Bancorp Inc.

Nine metrics read from its own filings, by tense

Headline grade

1.1/10

◀ Past0.440% of the headline

● Present0.535% of the headline

▶ Future3.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

0.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.6/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2025-08-26.

weight 45% of this tense · 6th percentile among 83 sector filers · read for itself

From the record

Patriot National Bancorp Inc.'s filings since 2017 show 5 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-10-30); an auditor change (8-K item 4.01, 2 times, the latest 2025-08-26); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-03-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

0.5/10

What has it actually done, year after year?

+7.3% a year over 10 filed years; profitable in 5 of 10.

weight 22% of this tense · 5th percentile among 79 sector filers · read for its customers

From the record

Patriot National Bancorp Inc.'s 10 filed years say what it did: revenue went from $25 million in fiscal 2016 to $48 million in fiscal 2025, up 7.3% a year; it rose in 5 of 9 years; the deepest fall was 26% from fiscal 2019 to fiscal 2021; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span7.3%bottom 12% of its family
the share of years revenue rosebottom 3% of its family
the share of filed years with a profitbottom 1% of its family
the deepest fall from a revenue peak25.9%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.1/10

How has it treated the people who own it?

SI estimate 0.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 1st percentile among 83 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 1% of 83 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 83 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Patriot National Bancorp Inc.'s shareholder treatment is put at 0.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 1% of 83 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

0.5/1035% of the headline grade · 3 of 3 filed

Financial health

as filed

0.6/10

Is it financially healthy right now?

ROE -13%: lost 13¢ per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar.

weight 45% of this tense · 6th percentile among 83 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Patriot National Bancorp Inc. lost about 13 cents for every dollar of shareholders' money. Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count grew 1831.8% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 17% of its family
return on equitybottom 1% of its family
the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.3/10

How strong is its position in its industry?

bottom 3% of 79 in its family; net margin -26.6%.

weight 33% of this tense · 3rd percentile among 79 sector filers · read for its customers

From the record

Patriot National Bancorp Inc.'s standing among 79 graded names in its industry family: revenue of $48 million in fiscal 2025 ranks in the bottom 2% by size; a net margin of -26.6% ranks in the bottom 2%; revenue growth of 2.8% a year over the last 3 filed years ranks in the bottom 4% (its annual reports).

What it rests on

revenue against the family$47.8Mbottom 2% of its family
net margin-26.6%bottom 2% of its family
three-year revenue growth2.8%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

0.4/10

What are the people in charge doing?

bottom 4% of 74 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 4th percentile among 74 sector filers · read for its shareholders

From the record

Patriot National Bancorp Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Sugarman, Steven (President and CEO, as filed), filing under that title since 2025-10-23, 1.1 years (bottom 12% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 1.3 years (bottom 1%); 17 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 1%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge17 in three years among 10 peoplebottom 1% of its family
the median years the people in charge have filed1.3 yearsbottom 1% of its family
the chief executive's years on the record1.1 yearsbottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.1/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.1/10

How much room does it have to grow?

top 49% of 71 in its family for room to expand.

weight 33% of this tense · 51st percentile among 71 sector filers · read for itself

From the record

Patriot National Bancorp Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $207 million against debt of $16 million leaves 17.5% of its assets as net cash, top 2% of its family; cash from operations less capital spending is -30% of revenue (bottom 4%) (its annual report).

What it rests on

cash less debt against assets17.5%top 2% of its family
cash from operations less capital spending against revenue-30.0%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

0.7/10

What could actually drive growth from here?

bottom 7% of 79 in its family for growth drivers.

weight 33% of this tense · 7th percentile among 79 sector filers · read for its customers

From the record

Patriot National Bancorp Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.8% a year over the last three filed years against 7.3% over all 10, slowing (bottom 12% of its family); the newest year grew -8.6% (bottom 2%); capital spending grew -25.4% a year (bottom 8%) (its annual reports). Patriot National Bancorp Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-4.5 points a yearbottom 12% of its family
the newest year's revenue growth-8.6%bottom 2% of its family
three-year growth of capital spending-25.4%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.5/10

Did its newest year beat what its own record pointed to?

bottom 35% of 76 in its family for expectations against reality.

weight 33% of this tense · 35th percentile among 76 sector filers · read for its shareholders

From the record

Patriot National Bancorp Inc.'s newest year against its own record: revenue of $48 million in fiscal 2025 came in 16.2% below the $57 million its prior three years' pace pointed to (top 49% of its family); net income of $13 million against a prior three-year average of $13 million (bottom 18%); a net margin of -26.6% against -23.1% before (bottom 36%) (its annual reports).

What it rests on

revenue against the prior three years' pace-16.2%top 49% of its family
net income against the prior three years' average-1%bottom 18% of its family
net margin against its prior average-3.5 pointsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PNBK · research, not advice