09:13 AM EDT, 03/21/2025 (MT Newswires) -- Financial stocks fell premarket Friday with the Financial Select Sector SPDR Fund (XLF) 0.8% lower recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 2.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.2% higher.

F&G Annuities & Life ( FG ) shares declined by over 4% after the company priced a public offering of 8 million common shares at $35 each.

Oxford Lane Capital ( OXLC ) shares were up more than 1% after the company said its board approved a share repurchase program of up to $150 million.

Patriot National Bancorp ( PNBK ) shares surged by over 36% after the company said it agreed to raise over $50 million in a private placement of common shares and non-voting preferred stock. Patriot National Bancorp ( PNBK ) also said Chief Executive David Lowery is leaving the company.