---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003297"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:34:01.713664+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Patriot posts Q1 net loss of $53K, EPS $(0.01); provision for credit losses $1.3M

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-003297
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000117184323003297/0001171843-23-003297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000117184323003297/f8k_051323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003297
- JSON: https://secwatch.observer/filing/0001171843-23-003297.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003297.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.