Patriot Historical Income Statement
| PNBK Stock | USD 2.60 0.13 4.76% |
Historical analysis of Patriot National income statement accounts such as Total Revenue of 20.3 M, Gross Profit of 20.3 M, Other Operating Expenses of 17.3 M or Total Operating Expenses of 36 M can show how well Patriot National Bancorp performed in making a profits. Evaluating Patriot National income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Patriot National's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Patriot National Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Patriot National Bancorp is a good buy for the upcoming year.
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About Patriot Income Statement Analysis
Patriot National Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Patriot National shareholders. The income statement also shows Patriot investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Patriot National Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Patriot National Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Patriot National Bancorp minus its cost of goods sold. It is profit before Patriot National operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Patriot National Bancorp. It is also known as Patriot National overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Patriot National's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Patriot National Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot National Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Patriot National's Reconciled Depreciation is quite stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.1M | 10.8M | 30.5M | 32.0M | Depreciation And Amortization | 1.4M | 1.3M | 1.4M | 893.9K |
Patriot National income statement Correlations
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Patriot National Account Relationship Matchups
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Patriot National income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 1.6M | 1.4M | 1.3M | 1.4M | 893.9K | |
| Interest Expense | 18.2M | 13.8M | 7.1M | 10.8M | 30.5M | 32.0M | |
| Selling General Administrative | 17.0M | 16.2M | 12.8M | 15.8M | 17.9M | 10.9M | |
| Selling And Marketing Expenses | 380K | 454K | 235K | 232K | 269K | 375.9K | |
| Total Revenue | 27.8M | 26.0M | 29.6M | 36.6M | 27.1M | 20.3M | |
| Gross Profit | 27.8M | 26.0M | 29.6M | 36.6M | 27.1M | 20.3M | |
| Other Operating Expenses | 31.5M | 30.1M | 24.5M | 2.1M | 34.2M | 17.3M | |
| Operating Income | (3.7M) | (4.2M) | 5.0M | 17.0M | (4.3M) | (4.1M) | |
| Ebit | (2.2M) | (4.1M) | 5.2M | 7.9M | (5.6M) | (5.4M) | |
| Ebitda | (2.0M) | (2.6M) | 6.6M | 9.2M | (4.3M) | (4.1M) | |
| Total Operating Expenses | (31.5M) | (30.1M) | (24.5M) | 2.1M | 34.2M | 36.0M | |
| Net Income | (2.8M) | (3.8M) | 5.1M | 6.2M | (4.2M) | (4.0M) | |
| Income Tax Expense | (899K) | (337K) | (81K) | 1.6M | (1.5M) | (1.4M) | |
| Income Before Tax | (3.7M) | (4.2M) | 5.0M | 7.8M | (5.6M) | (5.4M) | |
| Total Other Income Expense Net | (3.7M) | (3.8M) | 5.0M | (9.3M) | (1.4M) | (1.4M) | |
| Net Income Applicable To Common Shares | (2.8M) | (3.8M) | 5.1M | 6.2M | 7.1M | 7.4M | |
| Net Income From Continuing Ops | (2.8M) | (3.8M) | 5.1M | 6.2M | (4.2M) | (4.0M) | |
| Tax Provision | (899K) | (337K) | (81K) | 1.6M | (1.5M) | (1.4M) | |
| Net Interest Income | 25.0M | 23.8M | 25.0M | 32.9M | 28.0M | 28.2M | |
| Interest Income | 43.2M | 37.5M | 32.1M | 43.6M | 58.5M | 41.1M | |
| Reconciled Depreciation | 1.7M | 1.6M | 1.6M | 1.5M | 1.4M | 1.7M |
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patriot National. If investors know Patriot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patriot National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share (7.40) | Revenue Per Share 6.099 | Quarterly Revenue Growth (0.45) | Return On Assets (0.01) |
The market value of Patriot National Bancorp is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot National's value that differs from its market value or its book value, called intrinsic value, which is Patriot National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patriot National's market value can be influenced by many factors that don't directly affect Patriot National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patriot National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.