Patriot National Bancorp, Inc. (PNBK) Income Statement
PNBK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPNBK revenue and net income
Where PNBK's revenue goes
2025Each bar shows an amount and its share of revenue. PNBK kept −21.9% of revenue as net income.
PNBK profit margins
PNBK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.0% | +7.1% | +7.9% | +8.7% |
| Gross profit | +76.5% | −7.0% | +3.3% | +2.3% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PNBK quarterly EPS vs estimates
Patriot National Bancorp beat the analyst EPS estimate in 1 of the last 3 quarters. Next report: November 13, 2026.
PNBK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.2M | $60.6M | $64.7M | $47.4M | $36.6M | $39.7M | $46.0M | $41.9M | $34.2M | $26.9M |
| Cost of revenue | $30.2M | $44.7M | $37.9M | $12.6M | $6.6M | $15.9M | $23.2M | $13.7M | $6.1M | $5.5M |
| Gross profit | $27.9M | $15.8M | $26.8M | $34.7M | $30.1M | $23.8M | $22.8M | $28.2M | $28.1M | $21.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $23.0M | $18.6M | $18.1M | $16.0M | $11.6M | $15.1M | $15.7M | $13.4M | $12.6M | $11.0M |
| Total operating expenses | $40.6M | $31.9M | $32.5M | $27.0M | $25.0M | $27.9M | $26.5M | $24.1M | $21.1M | $18.3M |
| Operating income | −$12.7M | −$16.1M | −$5.6M | $7.8M | $5.0M | −$4.2M | −$3.7M | $4.1M | $7.0M | $3.1M |
| Interest income | $47.7M | $52.1M | $58.5M | $43.6M | $32.1M | $37.5M | $43.2M | $39.9M | $32.5M | $25.1M |
| Interest expense | $28.7M | $32.3M | $30.5M | $10.8M | $7.1M | $13.8M | $18.2M | $12.4M | $7.0M | $3.0M |
| Income before taxes | −$12.7M | −$16.1M | −$5.6M | $7.8M | $5.0M | −$4.2M | −$3.7M | $4.1M | $7.0M | $3.1M |
| Income taxes | $59,000 | $23.8M | −$1.5M | $1.6M | −$81,000 | −$337,000 | −$899,000 | $890,000 | $2.9M | $1.2M |
| Net income | −$12.7M | −$39.9M | −$4.2M | $6.2M | $5.1M | −$3.8M | −$2.8M | $3.2M | $4.1M | $1.9M |
| EBITDA | −$11.5M | −$14.7M | −$4.3M | $9.2M | $6.6M | −$2.6M | −$2.0M | $5.6M | $8.3M | $4.3M |
| EPS (diluted) | −$0.29 | −$10.02 | −$0.88 | $1.44 | −$0.11 | −$0.39 | −$0.23 | $1.16 | $1.18 | $0.49 |
| Gross margin | 48.0% | 26.1% | 41.4% | 73.3% | 82.0% | 59.9% | 49.6% | 67.4% | 82.2% | 79.7% |
| Operating margin | −21.8% | −26.6% | −8.7% | 16.4% | 13.7% | −10.5% | −8.1% | 9.7% | 20.5% | 11.7% |
| Net margin | −21.9% | −65.9% | −6.5% | 13.0% | 13.9% | −9.6% | −6.1% | 7.6% | 12.1% | 7.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.5M | $18.0M | $15.7M | $13.7M | $13.5M | $15.2M | $6.5M | $14.9M | $15.2M | $16.2M | $9.4M | $16.2M |
| Cost of revenue | $8.0M | $7.5M | $6.0M | $6.1M | $8.8M | $9.3M | — | $8.8M | $11.3M | $9.3M | — | $13.2M |
| Gross profit | $11.5M | $10.5M | $9.8M | $7.6M | $4.7M | $5.8M | — | $6.0M | $3.9M | $7.0M | — | $3.0M |
| Sales, general & admin | $8.2M | $7.6M | $16.7M | $6.0M | $5.9M | $5.1M | $4.6M | $4.9M | $5.1M | $4.6M | $3.9M | $5.0M |
| Total operating expenses | $12.8M | $12.2M | $11.9M | $10.3M | $9.7M | $8.6M | — | $8.3M | $7.9M | $7.2M | — | $8.1M |
| Operating income | $730,000 | −$1.7M | −$2.2M | −$2.7M | −$5.0M | −$2.8M | — | −$2.3M | −$4.0M | −$233,000 | — | −$5.1M |
| Interest income | $16.4M | $14.7M | $12.2M | $11.5M | $11.5M | $12.5M | $12.3M | $12.7M | $13.1M | $13.9M | $14.8M | $15.0M |
| Interest expense | $7.5M | $7.6M | $6.3M | $6.5M | $7.3M | $8.6M | $7.7M | $7.8M | $8.2M | $8.6M | $8.7M | $8.5M |
| Income before taxes | −$1.4M | −$1.7M | −$2.2M | −$2.7M | −$5.0M | −$2.8M | −$9.6M | −$2.3M | −$4.0M | −$233,000 | $1.3M | −$5.1M |
| Income taxes | −$1.5M | $13,000 | $112,000 | −$5,000 | −$49,000 | $1,000 | — | $24.6M | −$924,000 | $66,000 | — | −$1.3M |
| Net income | $143,000 | −$1.8M | −$2.3M | −$2.7M | −$5.0M | −$2.8M | −$9.5M | −$27.0M | −$3.1M | −$299,000 | $905,000 | −$3.8M |
| EBITDA | −$1.1M | −$1.5M | −$1.9M | −$2.3M | −$4.7M | −$2.5M | — | −$2.0M | −$3.6M | $82,000 | — | −$4.8M |
| EPS (diluted) | −$0.06 | — | $0.00 | −$0.02 | −$0.06 | −$0.21 | −$2.39 | −$6.78 | −$0.77 | −$0.08 | $0.23 | −$0.95 |
| Gross margin | 58.7% | 58.4% | 62.0% | 55.6% | 34.6% | 38.5% | — | 40.5% | 25.9% | 43.0% | — | 18.3% |
| Operating margin | 3.7% | −9.7% | −13.7% | −19.4% | −37.4% | −18.3% | — | −15.5% | −26.3% | −1.4% | — | −31.5% |
| Net margin | 0.7% | −9.8% | −14.5% | −19.3% | −37.0% | −18.3% | −146.0% | −181.3% | −20.2% | −1.8% | 9.7% | −23.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PNBK's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PNBK financial results
In fiscal year 2025 (ended December 31, 2025), Patriot National Bancorp reported revenue of $58.2 million, down 4.0% from the year before. It had a net loss of $12.7 million, a net profit margin of −21.9%. Diluted earnings per share came to −$0.29. Over five years revenue grew at an average rate of 7.9% a year.
See the PNBK stock overview for the latest quote and news, or the PNBK chart for price history and technical indicators.
PNBK income statement FAQ
What is Patriot National Bancorp's annual revenue?
Patriot National Bancorp reported total revenue of $58.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 4.0% from $60.6 million the previous year.
Is Patriot National Bancorp profitable?
No. Patriot National Bancorp reported a net loss of $12.7 million in fiscal 2025, a net profit margin of −21.9%; its operating margin was −21.8%.
What is Patriot National Bancorp's gross margin?
Patriot National Bancorp's gross margin was 48.0% in fiscal 2025: for every $100 of revenue, Patriot National Bancorp kept $48 after the direct cost of its products and services.
How fast is Patriot National Bancorp growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $39.7 million to $58.2 million.
What are Patriot National Bancorp's earnings per share?
Patriot National Bancorp earned $-0.29 per diluted share in fiscal 2025, compared with $-10.02 a year earlier.
When will Patriot National Bancorp report its next earnings?
Patriot National Bancorp is expected to report results for the quarter ending September 30, 2026 on November 13, 2026 after the market closes.
When does Patriot National Bancorp's fiscal year end?
Patriot National Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.