secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001171843-22-005408
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patriot National Bancorp Q2 net income $1.3M, EPS $0.32; loans up 16.2%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000117184322005408/0001171843-22-005408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000117184322005408/f8k_080522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005408

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