secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0001437749-25-039075
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925039075/0001437749-25-039075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925039075/pnbk20251231_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-039075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer