Patriot Reports 3rd Quarter 2019 Income: Total Assets Grow to $972.0 million & Deposits to $762.1 Million
Patriot National Bancorp Inc. (PNBK)
US:NASDAQ Investor Relations:
bankpatriot.com/patriot/for-investors
Company Research
Source: GlobeNewswire
STAMFORD, Conn., Nov. 29, 2019 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced pretax income of $35,000 (net income of $27,000), or $0.01 per fully diluted share for the quarter ended September 30, 2019. The Bank also announced the declaration of its 9th consecutive quarterly dividend of $0.01 per share. The record date for this quarterly dividend will be December 9, 2019, with a dividend payment date of December 19, 2019. As of September 30, 2019, the Bank’s total assets were $972.0 million, up 6% as comparable to the same period last year, as both net loans receivable grew to $791.9 million, up 5%, while deposits totaled $762.1 million, an increase of $42.6 million, or 6%, over the same period one year earlier. Patriot continues to maintain strong capital ratio, with earnings expected to return to normalized levels in future periods. As report
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