Patriot National Bancorp | 10-Q: FY2025 Q3 Revenue: USD 13.75 M

Revenue: As of FY2025 Q3, the actual value is USD 13.75 M.

EPS: As of FY2025 Q3, the actual value is USD -0.03.

EBIT: As of FY2025 Q3, the actual value is USD -7.672 M.

Segment Revenue

• Interest and Dividend Income: Total interest and dividend income for the nine months ended September 30, 2025, was $35.6 million, compared to $40.0 million for the same period in 2024.

Operational Metrics

• Net Interest Income: Net interest income for the nine months ended September 30, 2025, was $13.2 million, compared to $15.4 million for the same period in 2024.
• Net Loss: Net loss for the nine months ended September 30, 2025, was - $10.4 million, compared to - $30.3 million for the same period in 2024.
• Provision for Credit Losses: Provision for credit losses for the nine months ended September 30, 2025, was $1.8 million, compared to $4.8 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities for the nine months ended September 30, 2025, was - $10.1 million, compared to $5.3 million provided by operating activities for the same period in 2024.
• Investing Cash Flow: Net cash provided by investing activities for the nine months ended September 30, 2025, was $103.4 million, compared to $91.9 million for the same period in 2024.
• Financing Cash Flow: Net cash used in financing activities for the nine months ended September 30, 2025, was - $54.4 million, compared to - $90.9 million for the same period in 2024.

Unique Metrics

• Digital Payments Income: Digital payments income for the nine months ended September 30, 2025, was $6.6 million, compared to $3.5 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue its focus on core business areas, including commercial real estate loans, residential real estate loans, and commercial and industrial loans. The company has also introduced new lending programs, such as the unsecured line of credit program, rediscount line of credit program, and commercial real estate program, to diversify revenue and strengthen relationship banking among high-quality entrepreneurial borrowers.
• Non-Core Business: The company has temporarily exited the SBA lending business and voluntarily suspended its status as a participant in SBA’s Preferred Lender Program. The company may petition for reinstatement in the future.
• Priority: The company emphasizes the importance of maintaining credit quality and managing risk through its Internal Asset Review Committee and independent third-party loan review firm. The company also plans to continue evaluating additional commercial lending products consistent with its strategic plan and risk appetite.