Peapack-Gladstone Financial Corporation Reports Third Quarter Financial Results
Key Highlights
- ➤Q3 revenue $87.5 million, up 24% year-over-year, marking the tenth consecutive growth quarter
- ➤Diluted EPS $0.99, up 83% year-over-year from $0.54
- ➤Net interest income $67.5 million, up 33% year-over-year; net interest margin reached 3.34%
- ➤Total loans $7.1 billion, up $1.1 billion year-over-year; deposits reached $7.4 billion
- ➤Nonperforming assets declined to $57.8 million, or 0.68% of total assets
Expert Statements
Douglas L. Kennedy, President and CEO of Peapack-Gladstone Financial Corporation
“Our investments in experienced teams across New York City, Westchester and Long Island are translating into deeper client relationships and strong loan and deposit growth. We have built the capabilities and geographic presence to serve more of our clients’ financial needs, and the earnings contribution from that platform continues to grow.”
Douglas L. Kennedy, President and CEO of Peapack-Gladstone Financial Corporation
“We enter the fourth quarter with strong pipelines and confidence in our teams. Our focus is on increasing productivity across the platform we have built, maintaining pricing and expense discipline, and translating continued relationship growth into higher returns. Credit and capital discipline remain central to that execution.”
Douglas L. Kennedy, President and CEO of Peapack-Gladstone Financial Corporation
“The strength of our loan growth is measured not only by its pace, but also by its quality. Our bankers continue to onboard core relationships, delivering a coordinated approach that integrates commercial banking, personal banking, treasury management and wealth management through a single point of contact. This relationship model deepens client engagement and enables us to compete effectively with much larger institutions.”
John Babcock, President of the Bank’s Wealth Management Division
“Wealth Management generated $346 million of gross client inflows during the quarter, reflecting the strength of our client relationships and the breadth of our advisory platform. We continue to deepen those relationships by bringing investment management, trust, tax, financial planning and other specialized services together with the Bank’s lending and liquidity capabilities to serve clients and their families over time.”
Douglas L. Kennedy, President and CEO of Peapack-Gladstone Financial Corporation
“During the quarter, we made progress in reducing nonperforming assets and delinquent loan balances, while loans subject to special mention and classified also declined. These trends reflect our active management of individual credit situations and the progress we are making in resolving them. We remain focused on disciplined underwriting, proactive portfolio oversight and maintaining reserve coverage that is appropriate for the risk profile of the portfolio.”
BEDMINSTER, N.J., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announced its third quarter 2026 financial results.
This earnings release should be read in conjunction with the Company’s Q3 2026 Investor Update, a copy of which is available on our website at www.peapackprivate.com and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.
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