Patriot National Bancorp, Inc. — financial distress indicators
Financial-health summary
Patriot National Bancorp, Inc.'s reported numbers place it in the 'Watch' financial-health band (distress score 36/100). The main indicators are consecutive annual losses, deep share-price drawdown and trading below $1. In its favour: high insider/promoter ownership (31%) aligns management with survival.
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Net loss in each of the last two years.
Sustained losses at a lender usually mean credit losses are outrunning provisions — a risk-management failure.
Price is -55% from its 52-week high.
For financial firms a share-price run often precedes a deposit or funding run (confidence channel).
Last price $0.86.
Below the $1 minimum-bid listing standard (Nasdaq Rule 5550(a)(2) / NYSE 802.01C); sustained breach leads to delisting and loss of capital-market access.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- High insider/promoter ownership (31%) aligns management with survival.
📰 Recent news scan
- A debt offering is fully sold at Patriot National Bancorp (PNBK). - Stock TitanGoogle News · 2026-09-18
- Patriot National Bancorp (PNBK) Stock Profit Return Still Leaves Doubts - Simply Wall StreetGoogle News · 2026-08-16
- Patriot National Bancorp milestone as Patriot Bank’s OCC Formal Agreement terminated; $1.3B assets - TradingViewGoogle News · 2026-07-01
- Patriot National Bancorp Insider Buyers Pleased With US$294k Return On Investment - Yahoo FinanceGoogle News · 2026-05-06
⚖️ U.S. legal pathway — bank resolution (not Chapter 11)
- Insured banks cannot be debtors under Title 11 of the U.S. Code (11 U.S.C. §109(b)(2)). A failing bank is closed by its chartering regulator and placed into FDIC receivership (12 U.S.C. §1821), usually over a weekend, with deposits moved to an acquirer.
- Deposits are insured up to $250,000 per depositor, per bank, per ownership category. Uninsured deposits and bondholders can take losses.
- The listed bank holding company can file Chapter 11 after losing its bank (e.g. SVB Financial Group, March 2023); its shareholders are typically wiped out.
- Early warning: Prompt Corrective Action (12 U.S.C. §1831o) restricts growth, dividends and management as capital ratios fall. Systemically important firms may be resolved under Dodd-Frank Title II.
Risk-management lens: bank failures are usually liquidity events (deposit runs) triggered by solvency doubts — concentrated depositors, unrealised securities losses, rapid growth and weak interest-rate risk management.
Frequently asked questions
What do Patriot National Bancorp, Inc.'s financial-health indicators show?
As of 2026-10-08, Patriot National Bancorp, Inc.'s public financial data places it in the 'Watch' band with a distress score of 36/100, driven by consecutive annual losses, deep share-price drawdown and trading below $1. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is Patriot National Bancorp, Inc.'s financial distress score?
36/100 ('Watch').
What works in Patriot National Bancorp, Inc.'s favour?
High insider/promoter ownership (31%) aligns management with survival.
How are shareholders treated if a company enters insolvency?
Insured U.S. banks cannot file under Title 11 of the U.S. Code; a failing bank is closed and placed into FDIC receivership. Deposits are insured up to $250,000, but the bank holding company's shareholders are usually wiped out (as with SVB Financial Group in 2023).
Other Bank & Finance companies with distress indicators
- CaliberCos Inc. (CWD)Very weak 79/100
- loanDepot, Inc. (LDI)Weak 69/100
- Pineapple Financial Inc. (PAPL)Weak 69/100
- TeraWulf Inc. (WULF)Weak 68/100
- SHF Holdings, Inc. (SHFS)Weak 67/100
- Streamex Corp. (STEX)Weak 67/100
Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.