Patriot National Bancorp (PNBK) Reports Q2 EPS of $0.17

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Patriot National Bancorp Announces Strong Second Quarter Results

July 27, 2015 8:30 AM EDT

STAMFORD, Conn., July 27, 2015 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. ("Patriot" or the "Company") (NASDAQ: PNBK), the parent company of Patriot National Bank (the "Bank"), today announced financial results for its second quarter ended June 30, 2015.

Patriot reported net income for the second quarter of 2015 of $689,000, or $0.17 per diluted share, compared to $525,000, or $0.13 per diluted share, a year ago and compared to $289,000, or $0.07 per diluted share, last quarter. Pretax income in the second quarter was $1,141,000 compared with $525,000 for the same quarter of last year, a 117% improvement. Compared to last quarter net income increased 138%.... More