Patriot National Bancorp (PNBK) investor relations material

Executive summary

• Achieved strong asset growth and improved earnings in Q2 2026, with net income and net interest income both rising significantly quarter over quarter.

• Achieved net income of $0.1 million for Q2 2026, reversing a $5.0 million loss in Q2 2025; YTD net loss narrowed to $1.6 million from $7.8 million year-over-year, driven by higher net interest income and non-interest income, partially offset by increased expenses.

• OCC terminated its Formal Agreement on June 30, 2026, reclassifying the bank as "well capitalized" and removing regulatory restrictions.

Financial highlights

• Total assets grew to $1.32B at June 30, 2026, up from $1.09B at year-end 2025, mainly due to loan growth and investment portfolio expansion.

• Net interest income for Q2 2026 was $9.5M, up $2.4M from the previous quarter and 114% from $4.2M in Q2 2025.

• Net income increased by $1.3M to $2.7M quarter over quarter.

• Loans receivable, net, increased to $877.4M from $585.7M, a 50% rise, with total loans reaching $910M, up from $779M in Q1 2026.

• Total deposits climbed to $1.21B, up from $1.06B in Q1 2026.

• Non-interest income grew to $3.1M for the quarter, up $1.1M year-over-year, led by digital payments.

• Non-interest expense increased to $12.8M from $9.7M, driven by higher salaries, professional services, and occupancy costs.

• Allowance for credit losses rose to $8.5M (0.96% of loans) from $6.8M.

• Non-accrual loans were $25.0M, with nonperforming assets to total assets at 1.90%.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth, but caution is advised due to inherent risks and uncertainties.

• Management expects continued focus on balance sheet growth, capital optimization, and risk management.

• Liquidity and capital positions are considered sufficient to meet expected funding needs.