---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-007070"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2025-02-21T23:59:59+00:00"
generated_at: "2026-05-26T06:46:29.540216+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Patriot National reports preliminary Q4 net loss of $9.5M; book value crashes to $1.07 from $11.16

## Summary
- Preliminary Q4 2024 net loss ~$9.5M ($2.40 loss per share) vs prior year net income $0.9M ($0.23 EPS).
- Provision for credit losses ~$7.7M primarily on two large commercial real estate loans.
- Book value per share fell to $1.07 as of Dec 31, 2024, from $11.16 a year earlier.
- Extended grace period for Jan 15 interest payment on 8.5% Senior Notes to April 1, 2025.
- Negotiating ~$60M equity investment at $0.75/share to recapitalize bank and address debt.

## SEC filing metadata
- accession: 0001628280-25-007070
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2025-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/0001628280-25-007070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/pnbk-20250214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-007070
- JSON: https://secwatch.observer/filing/0001628280-25-007070.json
- Plain text: https://secwatch.observer/filing/0001628280-25-007070.txt

## Key facts
- Debt Financings
  PATRIOT NATIONAL BANCORP INC amended senior notes at 8.5% maturing Due 2026.
  - Instrument: senior notes
  - Rate: 8.5%
  - Maturity: Due 2026
  - Event: amendment
  source text: Effective as of February 14, 2025, Patriot National Bancorp, Inc., a Connecticut corporation (the “Company”), amended its 8.5% Senior Notes Due 2026 (the “Notes”) to extend the grace period for the interest payment due January 15, 2025 to April 1, 2025 (the “Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1098146/000162828025007070/0001628280-25-007070-index.htm

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