stockrowPatriot National Bancorp Inc.
PNBK Financial Banks Regional
Patriot National Bancorp Inc.’s revenue for fiscal 2025 (year ended December 2025) was $58.4 million, down 3.90% from fiscal 2024.
- Revenue
- +44.2%
- EPS
- +102.0%
- Free cash flow
- −716.5%
- Total debt
- +0.21%
Quarter to June 2026, against a year earlier
Follow PNBK
Alert me
Patriot National Bancorp Inc. (PNBK) Beneish M-score
Patriot National Bancorp Inc.'s Beneish M-score for fiscal 2025 cannot be worked out: not meaningful for banks, insurers and REITs.
Beneish M-score, annual
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | — | — | n/a | — |
| Gross margin index | 0.92 | — | 0.49 | |
| Asset quality index | 2.22 | — | 0.90 | |
| Sales growth index | 0.96 | — | 0.86 | |
| Depreciation index | 1.53 | — | 0.18 | |
| SG&A index | 0.99 | — | −0.17 | |
| Total accruals to total assets | 0.00 | — | 0.01 | |
| Leverage index | 0.92 | — | −0.30 | |
| Beneish M-score | n/a — not meaningful for banks, insurers and REITs | — | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| UNB Union Bankshares, Inc. compare | — |
| BYFC Broadway Financial Corporation compare | — |
| PBHC Pathfinder Bancorp, Inc. compare | — |
| SFBC Sound Financial Bancorp, Inc. compare | — |
| PROV Provident Financial Holdings, Inc. compare | — |
| FNWB First Northwest Bancorp compare | — |
| BOTJ Bank of the James Financial Group, Inc. compare | — |
| PNBK Patriot National Bancorp Inc. | — |
| OPHC OptimumBank Holdings, Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI