What is Patriot National Bancorp Financial Strength?
Patriot National Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Patriot National Bancorp Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Patriot National Bancorp's interest coverage with the available data.
Patriot National Bancorp's debt to revenue ratio for the quarter that ended in Sep. 2024 was 4.39.
Altman Z-Score does not apply to banks and insurance companies.
Patriot National Bancorp Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Patriot National Bancorp's Interest Expense for the
months ended in Sep. 2024 was $-7.82 Mil. Its Operating Income for the
months ended in Sep. 2024 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $123.88 Mil.
Patriot National Bancorp's Interest Coverage for the quarter that ended in Sep. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Patriot National Bancorp's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Patriot National Bancorp Business Description
Traded in Other Exchanges
Address
900 Bedford Street, Stamford, CT, USA, 06901
Patriot National Bancorp Inc provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.
Executives
| Grace Doherty |
director |
125 THACHER ST., MILTON MA 02186 |
| Thomas E. Slater |
officer: EVP & Chief Credit Officer |
2 DIXON TERRACE, KINNELON NJ 07405 |
| Alfred Jr. Botta |
officer: EVP & Chief Payment Officer |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
| David Christopher Lowery |
officer: EVP & Chief Lending Officer |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
| Karen Rojeski |
officer: EVP & Chief Credit Officer |
99 PARK AVENUE, NEW YORK NY 10016 |
| Steven Brian Grunblatt |
officer: EVP & Chief Information Office |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
| Gregory P. Ho |
other: (1) and (2) |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Smc Holdings I G.p., Llc |
other: (1) and (2) |
C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
| Smc Holdings I, Lp |
10 percent owner, other: (1) and (2) |
65 EAST 55TH STREET, 33RD FLOOR, NEW YORK NY 10022 |
| John Steffens |
other: (1) and (2) |
C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487 |
| Robert Glenn Russell |
officer: President & CEO |
1902 LONG HILL ROAD, MILLINGTON NJ 07946 |
| Frederick Staudmyer |
officer: EVP and Chief HR Officer |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
| Brent M Ciurlino |
director |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
| David W Christiansen |
officer: EVP, Chief Credit Officer |
900 BEDFORD STREET, STAMFORD CT 06901 |
| Samuel S Davis |
officer: EVP and Chief Credit Officer |
C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901 |
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