Patriot National Bancorp raises ~$100M in equity, begins restructuring; targets profitability in 2026

PATRIOT NATIONAL BANCORP INC

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%.

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