Quarterly ResultNov 12, 2026, 08:07 AM
Patriot National Bancorp Reports Q3 Net Income of $1.2M, Reversing Loss
AI Summary
Patriot National Bancorp, Inc. reported a net income of $1.201 million for the third quarter of 2026, a substantial turnaround from a net loss of $2.657 million in the same period of 2025. Total assets saw a significant increase, reaching $1.497 billion by September 30, 2026, up from $1.088 billion at the end of 2025. This growth was supported by a substantial rise in total deposits, which grew to $1.373 billion. Net interest income also showed strong improvement, increasing to $10.742 million from $5.010 million year-over-year.
Key Highlights
- Patriot National Bancorp reported net income of $1.201 million for Q3 2026, a significant improvement from a net loss of $2.657 million in Q3 2025.
- Total assets increased to $1.497 billion as of September 30, 2026, from $1.088 billion as of December 31, 2025.
- Total deposits grew to $1.373 billion in Q3 2026, up from $965.8 million in Q4 2025.
- Net interest income for Q3 2026 was $10.742 million, compared to $5.010 million in Q3 2025.
- Available-for-sale securities decreased to $226.25 million from $224.68 million.
- Loans receivable, net of allowance for credit losses, increased to $893.2 million from $585.7 million.
Price Impact
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