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From an added level of convenience to better banking options, faster answers and innovative solutions that simplify your day, our goal is to deliver a superior banking experience that also benefits our communities. Since we opened our doors in 1994, our mission has been to serve our local communities by helping our neighbors and neighborhood businesses thrive. Our lending is handled locally and is specific to each borrower, and our commitment to local businesses goes further to connect, support and grow businesses in both the for-profit and nonprofit sectors. We believe a well-connected community is a strong community—and that together, we can accomplish more in less time. Our bankers offer more than just expert advice and guidance. We are your neighbors. You’re just as likely to see us cheering on the Little League team we’ve sponsored or manning the table at a fundraiser, as you are to see us at your local branch. We’re proud to live here, work here, and like you, we know that the best relationships are an investment in the community. ... Show more
TypePublic
Founded1994
HQStamford, US
Websitebankpatriot.com

Latest Updates

Employees (est.) (Feb 2019)102(+23%)
Revenue (FY, 2017)$399 K(-3%)
Share Price (Feb 2019)$14.5 (-3%)

Key People/Management at Patriot Bank

Michael Carrazza

Michael Carrazza

Chairman and Chief Executive Officer
Richard Muskus

Richard Muskus

President
Joseph Perillo

Joseph Perillo

Executive Vice President and Chief Financial Officer
Fred Staudmyer

Fred Staudmyer

Executive Vice President and Chief Administrative Officer
David Christiansen

David Christiansen

Executive Vice President and Chief Credit Officer
Judith Corprew

Judith Corprew

Executive Vice President – Chief Compliance & Risk Officer
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Patriot Bank Office Locations

Patriot Bank has offices in Stamford, Trumbull, Scarsdale, Norwalk and in 6 other locations
Stamford, US (HQ)
900 Bedford St
Bedford, US
432 Old Post Rd
Darien, US
233 Post Rd
Fairfield, US
1755 Black Rock Turnpike
Greenwich, US
100 Mason St
Milford, US
771 Boston Post Rd
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Patriot Bank Financials and Metrics

Patriot Bank Revenue

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Patriot Bank's revenue was reported to be $399 k in FY, 2017
USD

Revenue (Q3, 2018)

115.0k

Gross profit (Q3, 2018)

(3.3m)

Gross profit margin (Q3, 2018), %

(2905.2%)

Net income (Q3, 2018)

769.0k

EBIT (Q3, 2018)

6.8m

Market capitalization (15-Feb-2019)

56.7m

Closing stock price (15-Feb-2019)

14.5

Cash (30-Sep-2018)

49.2m

EV

8.9m
Patriot Bank's current market capitalization is $56.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

21.7m20.4m402.0k414.0k399.0k

Revenue growth, %

(6%)17%7%

Cost of goods sold

4.9m3.0m2.7m3.0m7.0m

Gross profit

16.8m17.4m(2.3m)(2.6m)(6.6m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

107.0k103.0k104.0k104.0k94.0k91.0k117.0k84.0k83.0k115.0k

Cost of goods sold

1.1m870.0k722.0k691.0k671.0k671.0k665.0k684.0k651.0k716.0k1.4mwdxefcqufszuzezftuxetqsqxt1.6m1.9m2.2m2.8m3.5m

Gross profit

(558.0k)(581.0k)(547.0k)(612.0k)(1.3m)(1.5m)(1.8m)(2.2m)(2.8m)(3.3m)

Gross profit Margin, %

(521%)(564%)(526%)(588%)(1379%)(1699%)(1537%)(2577%)(3333%)(2905%)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

34.9m73.3m85.4m92.3m49.2m

Accounts Receivable

300.0k

Inventories

PP&E

15.1m22.4m29.4m32.8m35.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(7.3m)15.7m2.1m1.9m4.1m

Depreciation and Amortization

1.1m1.0m1.2m1.3m

Inventories

Accounts Payable

225.0k278.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(8.2m)525.0k17.3m289.0k978.0k1.6m653.0k1.3m885.0k1.7m2.5m3.5m1.1m2.1m2.9m

Depreciation and Amortization

869.2k293.0k573.0k835.0k246.0k499.0k776.0k616.0k920.0k272.0k590.0k926.0k350.0k716.0k1.1m

Accounts Payable

513.0k548.0k574.0k230.0k1.1m

Cash From Operating Activities

(6.1m)255.0k17.0k853.0k1.1m3.4m5.0m2.6m4.2m513.0k1.7m4.6m1.7m4.4m5.4m
USDY, 2018

EV/EBIT

1.3 x

EV/CFO

1.6 x

Financial Leverage

13.3 x
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Patriot Bank News and Updates

Patriot Bank Now Offering Faster, Streamlined Small Business Loans

U.S. Small Business Administration Designates Patriot as “Preferred Lender,” Giving its Clients Faster & More Efficient Loans U.S. Small Business Administration Designates Patriot as “Preferred Lender,” Giving its Clients Faster & More Efficient Loans
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Patriot Bank Company Life and Culture

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Patriot Bank Frequently Asked Questions

  • When was Patriot Bank founded?

    Patriot Bank was founded in 1994.

  • Who are Patriot Bank key executives?

    Patriot Bank's key executives are Michael Carrazza, Richard Muskus and Joseph Perillo.

  • How many employees does Patriot Bank have?

    Patriot Bank has 102 employees.

  • What is Patriot Bank revenue?

    Latest Patriot Bank annual revenue is $399 k.

  • What is Patriot Bank revenue per employee?

    Latest Patriot Bank revenue per employee is $3.9 k.

  • Who are Patriot Bank competitors?

    Competitors of Patriot Bank include Randolph Bancorp, Hanmi Financial and ChoiceOne.

  • Where is Patriot Bank headquarters?

    Patriot Bank headquarters is located at 900 Bedford St, Stamford.

  • Where are Patriot Bank offices?

    Patriot Bank has offices in Stamford, Trumbull, Scarsdale, Norwalk and in 6 other locations.

  • How many offices does Patriot Bank have?

    Patriot Bank has 10 offices.