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Peapack-Gladstone Financial Corporation Reports Third Quarter Financial Results

$PGCPress releaseOct 27, 2026, 4:30 PM ETRead the release

Peapack-Gladstone reported Q3 2026 diluted EPS of $0.99, up 83% year-over-year from $0.54, on revenue of $87.5 million, up 24% YoY — its tenth consecutive quarter of revenue growth. Net interest income rose 33% YoY to $67.5 million with NIM expanding 53 bps to 3.34%, while operating expenses fell 1% sequentially, driving meaningful positive operating leverage. Loans reached $7.1 billion and deposits $7.4 billion, and nonperforming assets declined 20% sequentially to 0.68% of total assets.

Key figures

Eps
0.99
Revenue
87500000
Revenue Yoy
24%
Aum
13600000000
Loans
7100000000
Eps yoy
+83%
Deposits
7400000000
Npa ratio
0.68%
Roace annualized
10.70%
Net interest income
67500000
Net interest margin
3.34%
Nonperforming assets
57800000
Efficiency ratio gaap
63.03%
Net interest income yoy
33%
Provision for credit losses
8500000
Wealth management fee income
17300000
Tangible book value per share
36.24
Net income available to common
18500000

AI analysis

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