---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005275"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:59:33.804850+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp Q2 net loss $546K vs $1.3M profit a year ago

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-005275
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000117184323005275/0001171843-23-005275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000117184323005275/f8k_081123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005275
- JSON: https://secwatch.observer/filing/0001171843-23-005275.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005275.txt

## Key facts
- Earnings Releases
  PATRIOT NATIONAL BANCORP INC reported the quarter ended June 30, 2023 results: net income net loss of $546 thousand, or $(0.14) basic and diluted loss per share, EPS $(0.14) basic and diluted loss per share.
  - Period: the quarter ended June 30, 2023
  - Net income: net loss of $546 thousand, or $(0.14) basic and diluted loss per share
  - EPS: $(0.14) basic and diluted loss per share
  - Result: reported results
  source text: On August 11, 2023, Patriot National Bancorp, Inc. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, regarding its earnings for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000117184323005275/0001171843-23-005275-index.htm
- Earnings Releases
  PATRIOT NATIONAL BANCORP INC reported the six months ended June 30, 2023 results: net income net loss was $599 thousand, or $(0.15) basic and diluted loss per share, EPS $(0.15) basic and diluted loss per share.
  - Period: the six months ended June 30, 2023
  - Net income: net loss was $599 thousand, or $(0.15) basic and diluted loss per share
  - EPS: $(0.15) basic and diluted loss per share
  - Result: reported results
  source text: For the six months ended June 30, 2023, net loss was $599 thousand, or $(0.15) basic and diluted loss per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000117184323005275/0001171843-23-005275-index.htm

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