PATRIOT NATIONAL BANCORP INC
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | −$12.7M | −$39.9M | −$4.2M | $6.2M | $5.1M | −$3.8M |
| Total assets | $1.09B | $1.01B | $1.09B | $1.04B | $948.5M | $880.7M |
| Total liabilities | $993.2M | $1.01B | $1.05B | $983.8M | $881.1M | $817.5M |
| Equity | $94.7M | $4.3M | $44.4M | $59.6M | $67.3M | $63.2M |
| EPS (diluted) | $-0.17 | $-10.03 | $-1.05 | $1.55 | $1.29 | $-0.97 |
| Shares out. | 73.7M | 4.0M | 4.0M | 4.0M | 3.9M | 3.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −13.4%
- Return on assets
- −1.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 91.3%
- Debt / equity
- 10.49×
- Book value / share
- $1.28
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 0.1%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 10, 2010
- NT 10-Kmissed a reporting deadline ↗Mar 13, 2009
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Sugarman StevenActivist (13D)Mar 31, 2026
- Lmi Partners, LlcPassive (13G)Sep 15, 2025
- Fhnb LlcActivist (13D)Apr 11, 2025
- Alliancebernstein L.P.Passive (13G)Mar 7, 2025
- Blackhurst DonActivist (13D)Sep 30, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| De Tomasi MarioDirector | May 27, 2026 | Buy | 85,000 | $0.96 |
| De Tomasi MarioDirector | May 20, 2026 | Buy | 87,719 | $1.15 |
| Salas Carlos POfficer — EVP & Chief Financial Officer | Apr 30, 2026 | Option exercise | 333,333 | $0.00 |
| Simmons William PaulOfficer — EVP & Chief Credit Officer | Apr 30, 2026 | Option exercise | 333,333 | $0.00 |
| Miranda AngieOfficer — EVP & Chief Risk Officer | Apr 30, 2026 | Option exercise | 150,000 | $0.00 |
| Magzanyan AnahitDirector | Jul 17, 2025 | Buy | 375 | — |
| Sugarman StevenOfficer — President and CEO | Mar 25, 2026 | Option exercise | 2.1M | — |
| Sugarman StevenOfficer — President and CEO | Oct 16, 2025 | Option exercise | 2.0M | — |
| Simmons William PaulOfficer — EVP & Chief Credit Officer | Aug 13, 2025 | Grant | 1.0M | — |
| Sugarman StevenOfficer — President | Aug 13, 2025 | Grant | 552,927 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.7M | 8.6 | -25.9% |
| Apr 30, 2026 | 3.6M | 18.5 | -0.9% |
| Apr 15, 2026 | 3.6M | 15.5 | +12.2% |
| Mar 31, 2026 | 3.2M | 4.1 | +83.2% |
| Mar 13, 2026 | 1.8M | 6.8 | -8.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 26, 2026
- Regulation FD disclosureMay 6, 2026
- Entered a material agreement · Director / officer changeApr 28, 2026
- Director / officer changeApr 8, 2026
- Regulation FD disclosureMar 10, 2026
- Regulation FD disclosureDec 31, 2025
- Director / officer changeDec 22, 2025
- Director / officer change · Regulation FD disclosureNov 24, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4May 29, 2026
- 4FORM 4May 27, 2026
- 4FORM 4May 27, 2026
- 8-KFORM 8-KMay 26, 2026
- 4FORM 4May 22, 2026
- 10-QMay 15, 2026
- 8-KFORM 8-KMay 6, 2026
- 4/AFORM 4/AMay 5, 2026
- 4FORM 4May 4, 2026
- 4FORM 4May 4, 2026
- 4FORM 4May 4, 2026
- 8-KFORM 8-KApr 28, 2026
- DEF 14AApr 27, 2026
- 4FORM 4Apr 24, 2026
- PRE 14AApr 17, 2026
Event-driven situations (2)
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