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Patriot National Bancorp 10-K: Total interest $47.8M, EPS $(0.17)
Patriot National Bancorp (PNBK) reported total interest and dividend income of $47.8 million and a net loss of $12.7 million, or $(0.17) per share. Despite an increase in non-interest income and improved credit trends, higher operating expenses and lower loan balances led to a decline in net interest income. The company focused on balance sheet repositioning and liquidity enhancement, resulting in an improved net loss compared to the prior year.