PEAPACK GLADSTONE FINANCIAL CORP (PGC) Form 8-K — Oct 27, 2026
Peapack-Gladstone Financial (NASDAQ: PGC) reported Q3 2026 net income to common of $18.5 million, or $0.99 per diluted share, up 83% year-over-year from $0.54 and up 15% sequentially from $0.86. Total revenue rose 24% YoY to $87.5 million, the tenth consecutive quarter of revenue growth, with net interest income up 33% to $67.5 million and net interest margin expanding to 3.34% on the back of its NYC private banking expansion. Loans grew to $7.1 billion (+$1.1B YoY) and deposits to $7.4 billion, while nonperforming assets fell 20% sequentially to 0.68% of total assets and the efficiency ratio improved to 63.03%.
Key figures
- Eps
- 0.99
- Revenue
- 87500000
- Net Income
- 18500000
- Revenue Yoy
- 24%
- Total Assets
- 8497546000
- Cash Position
- $1.1 billion balance sheet liquidity (13% of total assets)
- Ppnr
- 32300000
- Roace
- 10.70%
- Roatce
- 11.41%
- Npa ratio
- 0.68%
- Wealth aua
- 13600000000
- Total loans
- 7100000000
- Drip discount
- 3%
- Total deposits
- 7400000000
- Efficiency ratio
- 63.03%
- Preferred issued
- remaining $20 million of 6% convertible preferred (July 24, 2026)
- Wealth fee income
- 17300000
- Operating expenses
- 55100000
- Net interest income
- 67500000
- Net interest margin
- 3.34%
- Book value per share
- 38.67
- Nonperforming assets
- 57800000
- Provision for credit losses
- 8500000
- Tangible book value per share
- 36.24
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.