Patriot National Bancorp filings document the regulatory disclosures of a Connecticut bank holding company and its wholly owned banking subsidiary, Patriot Bank, N.A. The record includes current reports on Regulation FD presentations, material agreements, director indemnification arrangements, board appointments and departures, officer changes, capital actions and debt-related matters.
Proxy filings describe annual meeting proposals, director elections, auditor ratification and capital-structure voting matters. Other disclosures address common stock, preferred stock, senior notes, completed note repayment and conversion activity, governance procedures, executive compensation arrangements, and shareholder voting mechanics tied to the company’s public-company and bank holding company status.
Patriot National Bancorp, Inc. reported a first‑quarter 2026 net loss of $1.8M, improving from a $2.8M loss a year earlier, or a basic and diluted loss per share of $0.02 versus $0.21. Total assets rose to $1.18B, driven by loan growth to $759.0M and deposits increasing to $1.05B.
Net interest income nearly doubled to $7.1M, helped by higher securities income and lower interest expense, while digital payments income grew to $2.8M. However, higher salaries and other operating costs lifted non‑interest expense to $12.2M, keeping the company in a loss position.
Comprehensive loss was $4.0M, mainly from $2.2M in unrealized losses on available‑for‑sale securities as interest rates impacted bond values. Asset quality metrics show non‑accrual loans of $22.9M and an allowance for credit losses of $7.8M. At the bank level, regulatory capital ratios remain above both standard requirements and the higher minimums set in the OCC agreement, though the bank continues to be classified as “adequately capitalized.”
Patriot National Bancorp, Inc. furnished an investor presentation containing certain Q1 2026 financial information for its wholly owned subsidiary, Patriot Bank, National Association. The presentation was posted on the Company’s Investor Relations website and is included as Exhibit 99.1 to this report under Regulation FD.
The Company states that this information, including the exhibit, is being furnished rather than filed under the Securities Exchange Act of 1934 and will only be incorporated by reference into other securities filings if expressly stated there.
Patriot National Bancorp EVP & CFO Carlos P. Salas reported equity compensation activity involving Restricted Stock Units and related tax withholding. On April 30, 2026, 333,333 RSUs granted on April 30, 2025 vested and settled into shares of Common Stock, with no cash paid by Salas at settlement.
The company withheld 123,683 shares at $1.23 per share to cover applicable tax obligations, so those withheld shares were not delivered to him. After these transactions, Salas holds 209,650 shares of Common Stock directly and 1,333,334 shares indirectly through HECA Management LLC, where he is managing member and holds sole voting and dispositive power over those securities acquired in a prior $57.75 million private placement.
Patriot National Bancorp EVP & CFO Carlos P. Salas reported routine equity compensation activity and updated holdings. On April 30, 2026, 333,333 Restricted Stock Units vested and settled into an equal number of common shares. No cash consideration was paid for this settlement.
To cover tax obligations on the vesting, 121,776 common shares were withheld by the company at $1.23 per share, and were not delivered to Salas, leaving 211,557 vested shares held directly. The filing also notes an indirect holding of 1,333,334 common shares through HECA Management LLC, which acquired its position in a $57.75 million private placement completed on March 20, 2025, over which Salas is deemed to have sole voting and dispositive power.
PATRIOT NATIONAL BANCORP INC executive William Paul Simmons reported equity compensation-related transactions involving Restricted Stock Units and Common Stock. On April 30, 2026, 333,333 RSUs vested from a 1,000,000-unit award that vests in three equal annual installments, and were settled in shares with no cash paid by Simmons.
The issuer withheld 121,776 shares of Common Stock at $1.23 per share to cover Simmons’ tax obligations upon settlement; these withheld shares were not delivered to him and do not reflect an open-market sale. Following these transactions, Simmons directly holds 211,557 shares of Common Stock.
Patriot National Bancorp EVP & Chief Risk Officer Angie Miranda reported compensation-related share activity. On April 30, 2026, 150,000 Restricted Stock Units vested and were settled in shares of Common Stock under a prior 450,000-share RSU award that vests in three equal annual installments.
To cover tax withholding on this vesting, 56,718 shares of Common Stock were withheld by the company at $1.23 per share, based on the closing price that day, and were not delivered to her. After these transactions, Miranda holds 93,282 shares of Common Stock directly. The filing reflects an option/RSU exercise paired with share withholding for taxes, not an open-market purchase or sale.
Patriot National Bancorp, Inc. updated its governance and executive protection framework through new indemnification and employment arrangements. The company entered into indemnification agreements with five directors, agreeing to cover legal expenses related to proceedings arising from their board service, including advancement of expenses to the fullest extent permitted by its charter, bylaws and applicable law.
The company also signed addenda to employment agreements for its President and Bank CEO, Chief Financial Officer, Chief Risk Officer and Chief Credit Officer, effective April 26, 2026. These addenda define severance terms for terminations without cause, for good reason and in connection with a change of control, including cash severance tied to compensation, pro rata bonus payments, continued health benefits, accelerated vesting of equity awards, and limits on payments that could trigger excise taxes under Sections 280G and 4999 of the Internal Revenue Code.
Patriot National Bancorp is asking shareholders to elect seven incumbent directors, authorize a reverse stock split, and ratify its auditor at the 2026 annual meeting on May 20, 2026. The proposed reverse stock split would combine shares at a ratio between 1‑for‑10 and 1‑for‑20 to help meet Nasdaq’s minimum bid price and potentially improve marketability, while leaving authorized shares and par value unchanged. Shareholders will also vote on ratifying Baker Tilly US, LLP as independent auditor for 2026. As of April 7, 2026, there were 117,085,713 common shares outstanding, and cumulative voting will apply to the director election.
PATRIOT NATIONAL BANCORP INC director Anahit Magzanyan increased her direct stake through a series of open-market purchases of common stock. On March 3, 2026, she bought 400 shares at an average price of $1.32 per share, bringing her direct holdings to 4,290 shares.
Earlier purchases disclosed in this filing include 375 shares at $1.44 per share on July 17, 2025, 175 shares at $1.55 per share on July 24, 2025, and 500 shares at $1.59 per share on August 19, 2025, all executed on the open market.
Patriot National Bancorp, Inc. is soliciting proxies for its 2026 Annual Meeting of Shareholders to be held on May 20, 2026. Shareholders will vote to elect seven directors, to authorize a Board‑determined reverse stock split at a ratio between 1-for-10 and 1-for-20, and to ratify Baker Tilly US, LLP as independent auditors.
Holders of record as of April 7, 2026 were entitled to vote; shares outstanding were 117,085,713 (excluding 73,741 treasury shares). The Board unanimously recommends FOR each director nominee, FOR the reverse split authorization, and FOR ratification of Baker Tilly.