{"filings":[{"id":1369316,"accession_number":"0001437749-26-022212","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-07-01T10:09:49+00:00","items":["7.01","1.01","9.01"],"status":"ready","headline":"OCC terminates Formal Agreement with Patriot Bank; regulatory overhang removed","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["OCC terminated Formal Agreement effective June 30, 2026, citing safety and soundness no longer requires it.","Patriot spent over $5M on compliance since 2025; expects costs to decline sharply going forward.","Assets grew from $1.1B to $1.3B in H1 2026; loan originations >$40M/month at ~7% yield.","Beverly Hills location has >$100M in deposits; expansion into Greenwich and Palm Beach underway.","Board decided not to pursue reverse stock split; targeting $2B in assets for further scale."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":667560,"accession_number":"0001437749-26-018374","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-05-26T20:06:13+00:00","items":["5.07"],"status":"ready","headline":"Patriot National Bancorp shareholders approve reverse stock split authorization","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Approved reverse stock split at ratio of 1-for-10 to 1-for-20, with timing at board's discretion within one year.","Seven directors elected: Sugarman, Salas, Constantino, Magzanyan, De Tomasi, Roth, Seabold.","Auditor Baker Tilly US, LLP ratified for FY 2026.","76.7% of outstanding shares represented at meeting; 89.5M votes for reverse split, 213K against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91283,"accession_number":"0001437749-26-014990","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp posts Q1 2026 financial presentation on IR site; no specific figures in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation posted on bankpatriot.com Investor Relations page on May 5, 2026.","Exhibit 99.1 attached to Form 8-K contains only an image reference, not text data.","No earnings results, ratios, or balance sheet details available from the filing.","Filing under Item 7.01 Regulation FD, not a formal earnings release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91282,"accession_number":"0001437749-26-013520","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-04-28T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Patriot National Bancorp enters indemnification agreements and amends employment agreements with officers","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Entered indemnification agreements with directors Anahit Magzanyan, Jonathan Roth, Mario De Tomasi, Carlos P. Salas, and Jeffrey Seabold.","Amended employment agreements with officers Steven A. Sugarman, Carlos P. Salas, Angie Miranda, and William Paul Simmons to add severance provisions.","For President Steven A. Sugarman, severance includes 3x of annual base salary plus bonus, accelerated equity vesting, and three years of health benefits.","For CFO Carlos P. Salas, severance is based on remaining term and at least $600,000; double upon change of control within one year.","Addenda include limitations on golden parachute excise taxes under Sections 280G and 4999 of the Internal Revenue Code."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91281,"accession_number":"0001437749-26-011683","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp EVP and CHRO departs; director Ida Liu resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Frederick Staudmyer separated as EVP, CAO of Patriot Bank and CHRO/Secretary of Company on April 3, 2026; will provide transition consulting.","Ida Liu resigned from the Board on April 2, 2026 due to new employment.","Both departures had no disagreements with the Company, management, or Board regarding operations, policies, or practices."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":101266,"accession_number":"0001437749-26-007542","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2026-03-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot Bancorp posts Q4 2025 financial presentation; specific data not in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation posted on March 10, 2026 on company's Investor Relations website.","Covers Q4 2025 financial info of Patriot Bank, N.A., wholly owned subsidiary.","No specific financial figures or performance metrics from presentation included in this 8-K.","Disclosure made via Regulation FD; presentation is furnished, not filed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117625,"accession_number":"0001437749-25-039075","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-12-31T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp raises ~$100M in equity, begins restructuring; targets profitability in 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Raised nearly $100M in common equity in 2025; Tier 1 capital ratio >18% as of Sept 30, 2025.","Hired new CEO, CFO, CRO, and other senior leaders; added seven new directors to board.","Launched new loan programs: CRE, HNW lines of credit, secured rediscount lines; closed >$100M in loans.","Deposit costs fell from 3.7% to 3.25% in 2025; returned to profitability in latter part of 2025.","Targets consolidated profitability in 2026; long-term goals: NIM >3.5%, ROAA >1.2%, ROTCE >15%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117624,"accession_number":"0001437749-25-038571","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-12-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp EVP and CIO Steven Grunblatt Passes Away","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven Grunblatt, Executive Vice President and Chief Information Officer, died on December 18, 2025.","Grunblatt had served as EVP and CIO of Patriot National Bancorp since April 29, 2021.","The passing was disclosed in an Item 5.02 Form 8-K filed on December 22, 2025.","Carlos P. Salas, CFO, signed the filing on behalf of the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117623,"accession_number":"0001437749-25-036139","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-11-24T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints three new directors, posts Q3 2025 presentation","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ida Liu, former Global Head of Citi Private Bank (2021-2025), appointed director effective Nov 19, 2025.","Jonathan Roth, co-founder and Managing Partner of 3650 Capital, appointed director.","Jeffrey Seabold, co-founder of Banc of California and Change Company CDFI, appointed director.","Updated Q3 2025 financial presentation posted on investor relations website; no specific figures in filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117622,"accession_number":"0001437749-25-035336","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp posts Q3 2025 financial presentation on IR website","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation of Patriot Bank's Q3 2025 financial information posted on company website.","No specific financial figures disclosed in the 8-K filing or the exhibit text.","Exhibit 99.1 is an image; no extractable data provided.","Presentation available at https://bankpatriot.com/Learn/About/Investor-Relations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134063,"accession_number":"0001437749-25-028851","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-09-11T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"Patriot National Bancorp repays remaining $3.08M Senior Notes due 2026, obligations satisfied","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Originally issued $12M in 8.50% Fixed Rate Senior Notes due 2026 in December 2022.","Remaining principal and unpaid interest of $3,081,380.97 fully repaid in cash on September 5, 2025.","Conversion by certain noteholders to common stock under March 2025 amendments reduced outstanding balance.","Amendments from $57.75M private placement allowed early prepayment without penalty.","All commitments and obligations under the Senior Notes are now satisfied."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134062,"accession_number":"0001437749-25-028159","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Patriot National Bancorp raises ~$25.6M via registered direct offering of 31.99M shares and warrants at $1.25/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering consists of 19.2M voting common shares and 12.8M non-voting shares (via warrants), plus warrants for additional shares.","Proceeds expected ~$25.6M before $250k expenses; closing expected Sept 3, 2025.","Warrants exercisable after 6 months at $1.56/share, subject to increase to $1.685 under certain conditions.","Proceeds for general corporate purposes including working capital, debt repayment, capex.","No underwriter or placement agent; direct to accredited investors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134061,"accession_number":"0001628280-25-041173","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-08-26T23:59:59+00:00","items":["4.01","5.02","9.01"],"status":"ready","headline":"Patriot National Bancorp dismisses RSM, taps Baker Tilly as auditor; CEO Sugarman to become Chairman","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["RSM US LLP dismissed as auditor on Aug 22, 2025; Baker Tilly appointed for fiscal 2025. No disagreements or reportable events.","Independent directors of company receive $50K cash + $75K RSU annually; bank directors get $20K cash + $25K RSU.","Committee chair cash awards set: Audit $15K, Risk/Compliance $10K, Credit Sub $10K, others $5K each.","CEO Steven Sugarman appointed Chairman of the Board effective Oct 1, 2025; Michael Carrazza steps down as Chairman, remains director.","Anahit Magzanyan appointed Lead Independent Director effective Oct 1, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134060,"accession_number":"0001437749-25-026955","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-08-14T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp posts Q2 2025 investor presentation, no specific numbers disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation of Q2 2025 financial information for Patriot Bank subsidiary posted on IR website.","No specific financial figures, guidance, or material developments were disclosed in the filing.","Company provides ongoing investor relations communication with this presentation.","Presentation furnished under Regulation FD; not incorporated by reference.","Ticker PNBK trades on NASDAQ Global Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134059,"accession_number":"0001437749-25-024898","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["1.01","3.02","5.02","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints Salas CFO, converts $2.8M debt to equity; De Tomasi named director","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Unity and AmBank converted $2.8M aggregate principal/interest into 3.7M shares at $0.75/share.","Carlos Salas appointed EVP, CFO, director effective 7/30; salary $250k, bonus target 50%, 1M RSUs (3yr vest).","Mario De Tomasi appointed director effective 7/30; co-founded Commerce Home Mortgage, board member of The Change Company.","Regulatory non-objections received from Federal Reserve and OCC for both appointments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134058,"accession_number":"0001628280-25-036708","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp EVP and Chief Payments Officer Alfred Botta resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Alfred Botta resigned as Executive VP and Chief Payments Officer of Patriot Bank, N.A., effective August 7, 2025.","Botta had served in the role since September 21, 2022.","No successor or interim replacement announced in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134057,"accession_number":"0001437749-25-022365","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-07-09T23:59:59+00:00","items":["3.03","9.01"],"status":"ready","headline":"Patriot National Bancorp creates non-voting common stock; Series A Preferred converts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended charter authorizes 200M total shares: 170M voting, 30M non-voting common, 1M preferred.","Series A Preferred (90,832 shares) automatically converted into 7,266,560 shares of non-voting common on July 3, 2025.","As of July 3, 84,783,830 voting common shares and 7,266,560 non-voting common shares outstanding.","Maximum voting shares available for equity incentive plan set at 18,410,078 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134056,"accession_number":"0001437749-25-022004","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-07-02T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints Steven Sugarman as CEO; shareholders approve 2025 equity plan","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven Sugarman, previously President, appointed CEO effective July 2, 2025, after Federal Reserve non-objection.","Shareholders approved the 2025 Omnibus Equity Incentive Plan with 71,044,019 for, 893,530 against, 1,028,606 abstentions.","Shareholders approved amended and restated certificate of incorporation with 72,612,930 for, 317,695 against.","Three director nominees (Abady, Salas, De Tomasi) await Federal Reserve non-objection; board currently has five members.","RSM US LLP ratified as independent auditor for 2025 with 74,046,920 for, 2,575 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150812,"accession_number":"0001171843-25-003739","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp completes $10.7M registered direct offering at $1.25/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds of $10,655,200 from sale of 8,524,160 shares at $1.25 per share.","Follows $50M private placement completed March 20, 2025; combined capital raise over $60M.","Offered under Form S-3 shelf (File No. 333-287283), effective May 22, 2025.","Proceeds to strengthen balance sheet and support strategic objectives.","Performance Trust Capital Partners acted as capital markets adviser."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150811,"accession_number":"0001437749-25-019363","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Patriot National Bancorp raises ~$10.5M in registered direct offering of 8.5M shares at $1.25/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 8,524,160 shares at $1.25 each in registered direct offering to accredited investors.","Net proceeds expected ~$10.47 million for general corporate purposes (capex, working capital, G&A).","No placement agent or underwriter used; closing expected on or about June 5, 2025.","Shares issued under existing S-3 shelf registration effective May 22, 2025 (File No. 333-287283).","Securities Purchase Agreement with customary representations, warranties, and closing conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150810,"accession_number":"0001171843-25-003304","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["1.01","3.02","5.02","5.03","7.01","8.01","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints new directors, C-suite officers; $1.9M debt converted to equity","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Converted $1.9M in Senior Notes into 2.5M common shares; includes Chairman's entity.","Appointed William Paul Simmons as EVP/Chief Credit Officer; salary $400k, 1M RSU initial award.","Appointed Angie Miranda as EVP/Chief Risk Officer; salary $350k, 450k RSU initial award.","Elected three new bank directors: Richard Smith, Jeff Seabold, Thedora Nickel.","Annual meeting set for June 26, 2025; record date May 16; shareholder proposal deadline May 23."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150809,"accession_number":"0001628280-25-021554","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp appoints Steven Sugarman as President/CEO of bank subsidiary; Angie Miranda as EVP/CRO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven Sugarman appointed President, CEO and Director of Patriot Bank, N.A., effective April 30, 2025.","Angie Miranda appointed Executive Vice President, Chief Risk Officer of the Bank, effective May 6, 2025.","Sugarman is founder of The Change Company CDFI, formerly founder and CEO of Banc of California (BANC).","Miranda previously served as Chief Risk Officer at The Change Company CDFI and as a National Bank Examiner at OCC.","No changes to Sugarman's existing compensation; Miranda's compensation still being negotiated."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150808,"accession_number":"0001628280-25-015846","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-04-01T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp EVP and Chief Credit Officer to retire May 15, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Thomas Slater submitted retirement notice as EVP and Chief Credit Officer of Patriot Bank, N.A.","Retirement effective May 15, 2025; Slater served in role since December 15, 2022.","No successor or interim replacement named in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169751,"accession_number":"0001628280-25-014996","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-03-26T23:59:59+00:00","items":["1.01","3.03","5.02"],"status":"ready","headline":"Patriot National Bancorp completes $57.75M private placement; CFO resigns","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Private placement of 60.4M common shares at $0.75/share and 90,832 Series A Preferred convertible into 7.27M common shares.","Noteholders converted ~$7M of principal into 9.33M common shares.","CFO David Finn resigns effective May 15, 2025; will assist transition.","Series A Preferred ranks senior to common for dividends and liquidation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169750,"accession_number":"0001171843-25-001608","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-03-21T23:59:59+00:00","items":["1.01","2.03","3.02","5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp announces $50M private placement; enters employment agreement with President Sugarman","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Raises minimum $50M via common stock at $0.75/share and Series A Preferred at $60/share.","Proceeds to invest in Patriot Bank, N.A. and for general corporate purposes; closing expected by March 27, 2025.","Series A Preferred pays 10% annual non-cumulative dividend, convertible into 80 common shares per preferred share.","Employment agreement with President Steven Sugarman: at least $200,000 base salary plus equity awards (5% of outstanding common initially).","Adopts 2025 Omnibus Equity Incentive Plan, subject to shareholder approval, authorizing up to 20% of outstanding shares for awards."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169749,"accession_number":"0001628280-25-013879","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-03-19T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Patriot National Bancorp files amendment to designate Series A Convertible Preferred Stock","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Certificate of Amendment designates Series A Non-Cumulative Perpetual Convertible Preferred Stock.","Filed with Connecticut Secretary of State on March 13, 2025; effective upon filing.","No shares of Series A Preferred Stock are outstanding; authorization only.","Amendment enables future issuance but does not immediately impact capital structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169748,"accession_number":"0001628280-25-010308","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp secures Nasdaq financial viability exception for shareholder approval waiver","summary_kind":"llm","event_type":"regulatory","confidence":"medium","bullets":["Nasdaq granted financial viability exception under Listing Rule 5635(f) for a transaction requiring shareholder approval.","Company will mail notice to shareholders describing the transaction and reliance on the exception.","Financial viability exception is typically used when a company faces imminent financial hardship and needs expedited capital.","Exact terms of the transaction (size, dilution) not disclosed in this initial filing; shareholder notice pending."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169747,"accession_number":"0001628280-25-007070","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-02-21T23:59:59+00:00","items":["1.01","2.03","2.02","7.01"],"status":"ready","headline":"Patriot National reports preliminary Q4 net loss of $9.5M; book value crashes to $1.07 from $11.16","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Preliminary Q4 2024 net loss ~$9.5M ($2.40 loss per share) vs prior year net income $0.9M ($0.23 EPS).","Provision for credit losses ~$7.7M primarily on two large commercial real estate loans.","Book value per share fell to $1.07 as of Dec 31, 2024, from $11.16 a year earlier.","Extended grace period for Jan 15 interest payment on 8.5% Senior Notes to April 1, 2025.","Negotiating ~$60M equity investment at $0.75/share to recapitalize bank and address debt."],"consensus_eps_estimate":null,"consensus_eps_actual":-10.03,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169746,"accession_number":"0001437749-25-001434","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2025-01-21T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Patriot National Bancorp enters OCC agreement over unsafe practices; bank now in 'troubled condition'","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["OCC found unsafe/unsound practices and BSA/AML, credit, and strategic planning violations; Bank must take corrective actions.","By Feb 28, 2025, Bank must achieve minimum capital: CET1 10%, Tier1 10%, Total 11.5%, Leverage 9%.","OCC designated Bank as 'troubled condition'; prior individual minimum capital ratios terminated Jan 17, 2025.","David Finn appointed permanent CFO (effective Jan 14, 2025); previously interim CFO since Oct 2024; no compensation change.","Multiple plans (strategic, capital, BSA/AML, risk management) must be submitted to OCC within 30-90 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186800,"accession_number":"0001437749-24-038629","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2024-12-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints Steven Sugarman as President and director to lead strategic restructuring","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven Sugarman appointed President and board member effective December 30, 2024.","Annual base salary of $120,000 until successful capital raise; discretionary bonus after offering.","Company exploring capital raise, strategic partnerships, sale, or M&A to maximize shareholder value.","Sugarman founded Banc of California, Inc. and has experience in regulatory compliance and capital markets.","Appointment aims to address capital, operational, and regulatory deficiencies identified by regulators."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186799,"accession_number":"0001437749-24-038280","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Shareholders approve all three proposals at Patriot National Bancorp 2024 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["65.5% of outstanding voting stock represented at Dec 18 annual meeting.","All six directors elected; vote totals ranged from 1.6M to 2.0M for.","Ratification of RSM US LLP as auditor: 2,466,409 for, 43,349 against, 92,975 abstain.","Advisory say-on-pay approved: 1,937,980 for, 115,872 against, 158,267 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186798,"accession_number":"0001628280-24-050598","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2024-12-10T23:59:59+00:00","items":[],"status":"ready","headline":"Patriot National Bancorp launches strategic review, hires Performance Trust","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Engaged Performance Trust Capital Partners to explore capital raise, partnership, sale, or M&A.","Process follows termination of merger with American Challenger Development Corp. in July 2022.","No decision made; no assurance any transaction will occur or its terms/timing.","Bank continues focusing on non-interest income businesses while evaluation is ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186797,"accession_number":"0001628280-24-045167","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2024-11-05T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp appoints David Finn as interim CFO; Joseph Perillo retires","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Finn appointed Interim CFO and EVP effective Oct 30, 2024.","Finn will receive $275,000 annual salary and an $85,000 restricted stock grant.","Joseph Perillo retired as CFO and EVP effective Oct 30, 2024, will remain part-time on strategic projects.","Finn previously served as SVP at First Citizens Bank and held finance roles at CIT Group.","Finn joined Patriot Bank in August 2024 as EVP and Senior Finance Officer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219708,"accession_number":"0001628280-24-015292","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2024-04-08T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp CFO retiring; Chief Risk Officer resigning; interim replacements named","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Joseph Perillo to retire by July 31, 2024; will assist transition for a new CFO.","Chief Risk & Compliance Officer Judith Corprew resigns effective May 3, 2024.","Senior VP Joshua Oliver named acting Chief Risk & Compliance Officer; joined bank in May 2023.","Both departures cited as personal; no disagreement with company operations or policies.","Retention and Severance Agreement from Aug 2023 governs CFO transition; extension possible."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257024,"accession_number":"0001437749-23-035180","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Patriot National Bancorp shareholders elect six directors and ratify auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Approximately 64.46% of outstanding voting stock was represented at the 2023 Annual Meeting.","Six directors elected: Michael Carrazza, David Lowery, Edward Constantino, Emile Van den Bol, Michael Weinbaum, Grace Doherty.","Ratification of RSM US LLP as independent auditor approved with 2,343,237 votes for, 20,953 against, 192,127 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":257023,"accession_number":"0001628280-23-035514","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-10-30T23:59:59+00:00","items":["4.02"],"status":"ready","headline":"Patriot National Bancorp restates Q1/Q2 2023 due to CECL error; equity impact ~$5.3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Audit committee concluded no reliance on Q1 and Q2 2023 10-Qs; restatements to be filed.","CECL transition adjustment error from unsupported data on purchased unsecured consumer loan portfolio.","Preliminary impact: $5.3M net of tax reduction to shareholders' equity; net loss increases Q1 +$650k, Q2 +$70k.","Company negotiating with third-party originator/servicer to recover losses.","Error due to understated weighted average life, incorrect loss rate, and inadequate delinquency adjustment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":274361,"accession_number":"0001171843-23-005275","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-08-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Patriot National Bancorp Q2 net loss $546K vs $1.3M profit a year ago","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $546K ($0.14 diluted loss per share) in Q2 2023 vs net income of $1.3M ($0.32 EPS) in Q2 2022.","Provision for credit losses of $1.2M in Q2 and $2.6M in H1 2023, up from $275K in prior year period.","Total loans grew to $930.7M (6% increase from prior quarter); total assets reached $1.2B as of June 30, 2023.","Net interest margin fell to 2.96% in Q2 2023 from 3.29% in Q1 2023 and 3.27% in Q2 2022.","CEO cites investments in Digital Payments Division; near-term focus on credit quality and expense management."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":274360,"accession_number":"0001171843-23-004594","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-07-21T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp appoints Grace Doherty to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Grace Doherty appointed to boards of Patriot National Bancorp and Patriot Bank, effective July 21, 2023.","Doherty is a financial services executive with experience in digital product strategy at Sterling National Bank and TD Bank.","She will serve on the Asset and Liability Committee and Risk Oversight Committee of both entities.","As a non-employee director, she receives an annual cash retainer, restricted stock units, and meeting fees.","Chairman Michael Carrazza cited her small business and digital banking experience as valuable."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":291602,"accession_number":"0001171843-23-003297","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-05-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Patriot posts Q1 net loss of $53K, EPS $(0.01); provision for credit losses $1.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $53K ($0.01 per share) vs Q1 2022 net income $800K ($0.20 EPS).","Provision for credit losses $1.3M in Q1 2023 vs zero in Q1 2022.","Net interest margin 3.29%, down 48bps from Q4 2022, up 23bps YoY.","Loans grew 3.6% to $878.8M; deposits stable at $856.5M from Dec 2022.","CECL adoption increased allowance by $7.4M, cumulative deficit adjustment $6.2M net."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":312381,"accession_number":"0001171843-23-001969","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-03-29T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp CEO Robert Russell resigns; David Lowery named successor effective April 21","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert G. Russell, Jr. resigned as President, CEO and Director, effective April 21, 2023.","David Lowery, previously EVP and Chief Lending Officer, promoted to President, CEO and Director effective April 21.","Lowery joined Patriot Bank in April 2021 and led lending growth; prior roles at IBERIABANK, Metropolitan Commercial Bank, M&T Bank.","Russell is leaving to pursue another career opportunity; transition period through late April."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":312380,"accession_number":"0001171843-23-001469","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2023-03-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Patriot National Bancorp reports Q4 2022 net income $1.8M, full year $6.2M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $1.8M ($0.45 EPS); full year $6.2M ($1.56 EPS) vs $5.1M in 2021.","Net interest margin improved to 3.77% in Q4 and 3.46% annually from 3.05% and 2.92%.","Loan growth 14.7% and deposit growth 14.9% YoY; total assets reached $1.0B.","Non-GAAP tangible book value per share $18.63, up from $17.08 in 2021.","Completed refinancing of $12.0M senior debt facility in December 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330931,"accession_number":"0001437749-22-029542","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-12-21T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp issues $12M 8.50% senior notes due 2026, repays 7.50% notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$12M aggregate principal of 8.50% Fixed Rate Senior Notes due 2026 issued at 100% face value.","Proceeds used to fully repay the 7.50% Senior Notes due December 31, 2022.","Notes mature January 15, 2026; interest paid semi-annually starting July 15, 2023.","Company may redeem notes on/after January 15, 2025 at 100% principal plus accrued interest.","Notes are unsecured, unsubordinated obligations; not guaranteed by affiliates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330930,"accession_number":"0001437749-22-029410","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-12-20T23:59:59+00:00","items":["5.07","7.01"],"status":"ready","headline":"Patriot National outlines growth strategy; may consider merger or sale of bank","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Leveraging low-cost funding of Patriot Bank to build scale and profitability.","Pursuing bolt-on accretive, fee-income producing platforms and digital transition.","If growth strategies fail, will consider alternate paths including merger or sale of the Bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330929,"accession_number":"0001437749-22-026978","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-11-10T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp Q3 net income $2.3M ($0.59 EPS); hires Tom Slater as Chief Credit Officer","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $2.3 million, $0.59 per share, vs $1.3 million ($0.34) in Q3 2021; nine-month net income $4.4 million ($1.11).","Total assets reached $1.1 billion with loan growth of 16.7% and deposit growth of 11.5% since Dec 31, 2021.","Net interest margin expanded to 3.68% in Q3 2022 from 2.82% in Q3 2021; prepaid debit card program tripled to $169.1M.","Thomas E. Slater appointed EVP and Chief Credit Officer; brings 25+ years commercial banking experience from Investors Bank and TD Bank.","Book value per share declined to $14.66 from $17.02 due to market value drop in held-for-sale investment portfolio."],"consensus_eps_estimate":null,"consensus_eps_actual":1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":348482,"accession_number":"0001437749-22-022986","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-09-23T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Patriot National Bancorp promotes Al Botta, Jr. to EVP and Chief Payments Officer","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Al Botta, Jr. promoted to Executive Vice President and Chief Payments Officer effective September 21, 2022.","Botta joined Patriot Bank in 2018 as SVP, Director of Payments; has over 20 years in payments and prepaid markets.","He previously served as Chief Revenue Officer at BankMobile Technologies and SVP at Metropolitan Commercial Bank.","Botta is credited with driving significant growth in the bank's payments division since joining."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":348481,"accession_number":"0001437749-22-021111","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-08-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Patriot National Bancorp Chief Credit Officer retiring; interim duties assigned","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Karen Rojeski, EVP & Chief Credit Officer, retires effective Sept 2, 2022.","CEO Robert Russell and CFO Joseph D. Perillo will handle executive functions on interim basis.","SVP Patrick Trombley to oversee non-executive credit functions until permanent replacement is found.","Patrick Trombley joined Patriot Bank in 2021 and has 25+ years at Citi, Santander, and Axos Bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":348480,"accession_number":"0001171843-22-005408","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Patriot National Bancorp Q2 net income $1.3M, EPS $0.32; loans up 16.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $1.3M ($0.32 EPS) vs $1.0M ($0.26 EPS) in Q2 2021; 6-month net income $2.1M.","Loans grew 16.2% to $849.2M and deposits 13.1% to $846.8M vs Dec 31, 2021.","Net interest margin improved to 3.17% (H1 2022) from 2.90% (H1 2021); prepaid card program tripled to $166.7M.","Merger with American Challenger Development terminated; parties in active discussions for modified transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":0.52,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":348479,"accession_number":"0001437749-22-017539","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-07-21T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"Patriot National Bancorp and American Challenger mutually terminate merger agreement","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Termination effective July 18, 2022; boards of both companies approved unanimously.","Parties could not satisfy all closing conditions under current structure.","Active discussions for a modified transaction continue, but no assurance of a new agreement.","Related $540M private placement agreements with Oaktree, AG Credit, and Eagle Strait automatically terminated.","Mutual release of claims related to the Merger Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":348478,"accession_number":"0001437749-22-016722","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-07-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Patriot National Bancorp receives conditional OCC approval for merger with American Challenger and $875M capital raise","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["OCC conditionally approved Patriot Bank's asset composition change on June 30, 2022.","Approval terminates if merger not consummated within six months unless OCC extends.","Merger of American Challenger into Patriot requires shareholder approval.","Capital raise of at least $875 million and commercial loan portfolio acquisition are ongoing.","Chairman cites OCC approval as significant milestone toward creating a digital-forward bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":365168,"accession_number":"0001437749-22-015915","cik":1098146,"company_name":"PATRIOT NATIONAL BANCORP INC","ticker":"PNBK","form_type":"8-K","filed_at":"2022-06-24T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Patriot National Bancorp extends $12M senior notes maturity to Dec 2022, rate up to 7.50%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended $12M in 7% Senior Notes due June 30, 2022 to December 31, 2022.","Interest rate increases to 7.25% from July 1 to Sep 30, 2022, then to 7.50% thereafter.","Extension provides additional time to complete proposed merger with American Challenger Development Corp.","Merger remains subject to closing conditions, shareholder and regulatory approvals nearing conclusion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":120611386.22549018,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-06-24T23:59:59+00:00|365168"}