Quarterly ResultJul 27, 2026, 04:33 PM
Peapack-Gladstone Q2 Diluted EPS $0.85, Revenue $86.1M
AI Summary
Peapack-Gladstone Financial Corporation reported strong Q2 2026 results with diluted EPS of $0.85, up 89% year-over-year, and total revenue of $86.1 million, a 23% increase. The company achieved its ninth consecutive quarter of revenue growth and significant positive operating leverage. Strategic initiatives included the completion of a $20 million preferred stock issuance and continued expansion in Metropolitan New York, reinforcing its private banking strategy.
Key Highlights
- Diluted EPS increased 89% year-over-year to $0.85.
- Net income available to common shareholders rose 89% YoY to $15.8 million.
- Total revenue grew 23% year-over-year to $86.1 million.
- Net interest income increased 32% year-over-year to $63.9 million.
- Net interest margin expanded to 3.32%, up 55 basis points year-over-year.
- Total loans reached $6.7 billion, an increase of 15% year-over-year.
- Wealth management assets under management grew 13% YoY to $13.9 billion.
- Completed issuance of remaining $20 million preferred stock from Strategic Value Bank Partners.
Price Impact
More from PGC