Patriot President & CEO Robert Russell stated: "Despite the myriad impacts related to the changing interest rate environment, we are proud of the increasing operational and financial results achieved for the fourth quarter and full year 2022. Operational and business unit initiatives are gaining good traction, and we are seeing the results expressed in increasing earnings and widening net interest margin." Mr. Russell added "Our efficiency ratio has improved significantly in the fourth quarter to 64.88%."
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