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PEAPACK GLADSTONE FINANCIAL CORP

CIK: 1050743 SIC: 6029
$156.09M
Net Interest Income
$48.85M
Net Income
62.3%
Efficiency Ratio
2.41%
Net Int. Margin
9.2%
ROE
Financial Statements Annual (10-K)
Showing 15 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Interest Income $362.52M $362.52M $327.80M $304.01M $211.88M $160.07M $165.75M $180.67M $159.69M $138.73M $117.05M $99.14M $75.58M $57.05M $56.09M $46.63M
Interest Expense $161.62M $161.62M $178.79M $147.92M $35.80M $22.01M $38.15M $60.40M $44.52M $27.59M $20.61M $14.69M $7.68M $4.28M $4.69M $7.14M
Net Interest Income $200.91M $200.91M $149.01M $156.09M $176.08M $138.06M $127.60M $120.27M $115.16M $111.14M $96.44M $84.45M $67.89M $52.78M $51.40M $48.91M
Provision for Credit Losses $39.05M $23.52M $7.50M $14.09M $6.35M $6.47M $32.40M - - - - - - - - -
Net Interest Income After Provision $177.39M $177.39M $141.51M $142.00M $169.73M $131.59M $95.20M $116.27M $111.61M $105.29M $88.94M $77.35M $63.02M $49.35M $43.13M $41.66M
Non-Interest Income $82.08M $82.08M $79.12M $73.58M $66.42M $72.24M $61.76M $54.70M $44.19M $34.63M $28.92M $23.71M $20.81M $20.59M $21.30M $16.72M
Other Non-Interest Income $9.27M $9.27M $7.53M $8.49M $5.36M $3.38M $1.85M $2.75M $5.04M $1.66M $1.40M $1.00M $497.00K $169.00K $196.00K $156.00K
+ Total Revenue - $283.00M $228.13M $229.67M - - - - - - - - - - - -
Revenue Growth % nan% 24.1% -0.7% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan%
Non-Interest Expense $207.17M $207.17M $175.68M $148.29M $133.80M $126.17M $124.96M $104.85M $98.09M $85.61M $75.11M $68.93M $59.54M $55.18M - -
Compensation & Benefits $145.49M $145.49M $122.33M $100.52M $89.48M $81.86M $77.52M $70.13M $62.80M $53.96M $45.00M $40.28M $36.24M $32.25M $27.59M $23.23M
Occupancy Expense $26.61M $26.61M $22.48M $19.73M $18.72M $17.16M $16.38M $14.73M $13.50M $11.99M $11.24M $11.57M $9.96M $9.91M $9.47M -
Professional Fees - $6.67M $7.31M $5.71M - - - - - - - - - - - -
Other Non-Interest Expense - $30.25M $27.36M $25.09M - - - - - - - - - - - -
Income Before Tax $52.31M $52.31M $44.95M $67.28M $102.34M $77.66M $32.00M $66.12M $57.72M $54.31M $42.74M - - - - -
Income Tax Expense $14.98M $14.98M $11.96M $18.43M $28.10M $21.04M $5.81M $18.69M $13.55M $17.81M $16.26M $12.17M $9.40M $5.50M $6.41M $1.81M
+ Net Income $37.33M $37.33M $32.99M $48.85M $74.25M $56.62M $26.19M $47.43M $44.17M $36.50M $26.48M $19.97M $14.89M $9.26M $9.70M $12.17M
Net Margin % nan% 13.2% 14.5% 21.3% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan% nan%
Basic EPS 2.12 2.12 1.87 2.74 4.09 3.01 1.39 2.46 2.33 2.06 1.62 1.31 1.23 1.02 1.05 1.25
Diluted EPS 2.10 2.10 1.85 2.71 4.00 2.93 1.37 2.44 2.31 2.03 1.60 1.29 1.22 1.01 1.05 1.25
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Cash & Due from Banks $8.71M $8.49M $5.89M $5.94M $5.93M $10.63M $6.59M $5.91M $4.42M $24.58M $11.55M $6.62M $6.53M $6.73M $7.10M
Interest-Bearing Deposits $179.11M $382.88M $181.78M $184.14M $140.88M $642.59M $201.49M $154.76M $108.93M $138.01M $58.51M $24.48M $28.51M - -
Investment Securities - AFS $774.20M $784.54M $550.62M $554.65M $796.75M $622.69M $390.75M $377.94M $327.63M - - - - - -
Investment Securities - HTM $95.86M $101.64M $107.75M $102.29M $108.68M - - - - - - - - - $100.72M
Loans & Leases (Gross) - - - - - - - - - - - - - - $1.04B
Allowance for Loan Losses $71.04M $72.99M $65.89M $60.83M - - - - - - - - - - -
Loans & Leases (Net) - - $5.36B $5.22B $4.75B $4.31B $4.35B $3.89B - - - - - - -
Goodwill & Intangibles $36.21M $36.21M $36.21M $36.21M $36.21M $33.10M $30.21M $24.42M $17.11M $1.57M $1.57M $563.00K - - -
Premises & Equipment $39.16M $28.89M $24.17M $23.83M $23.04M $21.61M $20.91M $27.41M $29.48M $30.37M $30.25M $32.26M $28.99M $30.03M $31.94M
Other Assets $48.64M $51.00M $53.25M $63.59M $62.45M $99.76M $45.64M $45.38M $26.93M $13.88M $14.36M $13.24M $15.83M $21.48M $7.33M
Total Assets $7.53B $7.01B $6.48B $6.35B $6.08B $5.89B $5.18B $4.62B $4.26B $3.88B $3.36B $2.70B $1.97B $1.67B $1.60B
Total Deposits $6.59B $6.13B $5.27B $5.21B $5.27B $4.82B $4.24B $3.90B $3.70B $3.41B $2.94B $2.30B $1.65B $1.52B $1.44B
Short-term Borrowings $73.27M - $403.81M $379.53M - $15.00M $128.10M - - - $40.70M $54.60M $54.90M - -
Total Liabilities $6.87B $6.41B $5.89B $5.82B $5.53B $5.36B $4.68B $4.15B $3.86B $3.55B $3.09B $2.46B $1.80B $1.55B $1.48B
Common Stock $18.10M $17.95M $17.83M $17.51M $17.22M $16.96M $16.73M $16.46M $15.86M $14.72M $13.72M $12.95M $10.15M $7.75M $7.68M
Treasury Stock $122.95M $117.51M $110.32M $97.83M $65.10M $36.48M $29.99M $8.99M $8.99M $8.99M $8.99M $8.99M $8.99M $8.99M $8.99M
AOCI $-47.56M $-66.41M $-64.88M $-74.21M $-12.37M $-1.39M $-1.50M $-2.35M $-1.21M $-1.53M $-379.00K $1.22M $23.00K $4.30M $104.00K
Total Stockholders Equity $658.21M $605.85M $583.68M $532.98M $546.39M $527.12M $503.65M $469.01M $403.68M $324.21M $275.68M $242.27M $170.66M $122.06M $122.97M
Total Liabilities & Equity $7.53B $7.01B $6.48B $6.35B $6.08B $5.89B $5.18B $4.62B $4.26B $3.88B $3.36B $2.70B $1.97B $1.67B $1.60B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
Net Income $44.92M $37.33M $32.99M $48.85M $74.25M $56.62M $26.19M $47.43M $44.17M $36.50M $26.48M $19.97M $14.89M $9.26M $9.70M $12.17M
Provision for Credit Losses $39.05M $23.52M $7.50M $14.09M $6.35M $6.47M $32.40M - - - - - - - - -
Deferred Taxes $7.02M $7.78M $-14.30M $-15.28M $-6.64M $9.45M $8.22M $10.01M $17.04M $14.12M $952.00K $-4.04M $-1.48M $2.67M - $-2.98M
Stock-based Compensation - - - - - - - - $189.00K $122.00K $156.00K $319.00K $283.00K $319.00K $336.00K $362.00K
Net Change in Loans HFS $44.53M $23.79M $29.31M $30.00M $74.86M $176.76M $194.74M $75.59M $44.08M $43.38M $70.87M $34.73M $28.98M $79.29M $86.20M $36.83M
Operating Cash Flow $43.33M $43.13M $71.10M $70.08M $118.90M $75.46M $36.72M $86.30M $64.25M $55.94M $42.93M $30.31M - $32.70M $17.85M $22.46M
Purchases of Securities $1.30B $733.43M $899.67M $619.02M $420.17M $653.52M $448.05M $209.97M $156.89M $91.56M $187.04M - - - $17.37M $62.59M
Sales of Securities - $53.18M - - $118.97M - - - $19.54M - $5.50M - - - $26.60M $45.36M
Maturities of Securities $1.24B $722.82M $661.47M $633.74M $440.67M $453.43M $217.07M $208.62M $79.31M $66.45M $68.00M $19.73M $10.00M $18.11M $77.83M $70.46M
Net Change in Loans $1.32B $768.13M $83.40M $153.11M $480.86M $503.75M $354.54M $478.10M $358.65M $505.05M $518.83M $746.13M $745.43M - - $10.89M
Capital Expenditures $27.53M $14.32M $8.10M $3.27M $3.52M $3.93M $3.08M $1.71M $1.06M $2.38M $3.22M $1.92M $3.94M $2.54M $1.05M $975.00K
Acquisitions - - - - - $5.50M $4.16M $2.60M $3.50M $13.50M - $800.00K - - - -
Investing Cash Flow $-1.29B $-735.76M $-303.43M $-147.48M $-356.07M $-753.80M $-214.00M $-486.96M $-297.71M $-435.51M $-433.18M $-625.43M - $-407.69M $6.94M $-118.39M
Net Change in Deposits $851.59M $459.96M $854.91M $68.95M $-60.98M $447.67M $574.97M $348.17M $196.99M $286.52M $476.37M $636.78M $651.44M $130.82M $72.53M $92.35M
Net Change in Short-term Borrowings - $73.27M $-403.81M $24.28M $379.53M - - - - - - - - - - -
Preferred Stock Issued - - $-4.34M - - - - - - - - - - - - -
Common Stock Repurchased - $5.44M $7.19M $12.49M $32.72M $28.63M $6.49M $21.00M - - - - - $-130.00K - -
Dividends Paid $6.17M $3.52M $3.53M $3.56M $3.65M $3.77M $3.78M $3.87M $3.71M $3.55M $3.30M $3.10M $2.41M $1.80M $1.77M $1.76M
Financing Cash Flow $803.54M $489.08M $436.02M $75.00M $280.44M $171.82M $622.41M $448.08M $280.79M $330.33M $482.78M $634.07M - $290.90M $51.38M $76.29M
Net Change in Cash $-438.76M $-203.55M $203.70M $-2.40M $43.27M $-506.52M $445.14M $47.41M $47.33M $-49.24M - - - - - -
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Interest Expense $41.97M $45.52M $124.69M $124.72M
Income Before Tax $13.61M $10.75M $35.32M $32.71M
Income Tax Expense $3.98M $3.16M $10.15M $8.97M
Net Income $9.63M $7.59M $25.17M $23.75M
Basic EPS 0.55 0.43 1.43 1.34
Diluted EPS 0.54 0.43 1.42 1.34
Basic Shares Outstanding $17.58M $17.62M $17.63M $17.69M
Diluted Shares Outstanding $17.69M $17.70M $17.76M $17.75M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Property Plant & Equipment $37.76M $28.89M
Goodwill $36.21M $36.21M
Intangible Assets $7.90M $8.71M
Total Assets $7.44B $7.01B
Total Liabilities $6.80B $6.41B
Common Stock $18.09M $17.95M
Treasury Stock $122.95M $117.51M
Total Stockholders Equity $642.55M $605.85M
Total Liabilities & Equity $7.44B $7.01B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $9.63M $7.59M $25.17M $23.75M
Deferred Income Tax - - $-2.92M $-11.13M
Operating Cash Flow - - $44.26M $44.65M
Capital Expenditure - - $11.80M $4.07M
Sales of Investments - - $517.20M $496.78M
Investing Cash Flow - - $-478.10M $17.29M
Stock Repurchased - - $5.44M $7.19M
Dividends Paid - - $2.64M $2.66M
Financing Cash Flow - - $389.67M $243.05M
Net Change in Cash - - $-44.18M $304.99M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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