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PGC

Peapack-Gladstone Financial Corporation

PGC

Peapack-Gladstone Financial Corporation • NASDAQ
$27.00 ▲ 0.19% (+0.05)
Market Cap $475.70 M
52w High $37.64
52w Low $23.96
Dividend Yield 0.20%
P/E 13.99
Volume 51.37K
Outstanding Shares 17.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $111.555M ▲ $51.186M ▲ $9.631M ▲ 8.633% ▲ $0.55 ▲ $14.947M ▲
Q2-2025 $110.01M ▲ $50.801M ▲ $7.941M ▲ 7.218% ▼ $0.45 ▲ $12.568M ▲
Q1-2025 $104.156M ▼ $48.397M ▲ $7.595M ▼ 7.292% ▼ $0.43 ▼ $11.606M ▼
Q4-2024 $105.018M ▲ $46.784M ▲ $9.24M ▲ 8.798% ▲ $0.53 ▲ $13.357M ▲
Q3-2024 $101.077M $43.585M $7.587M 7.506% $0.43 $11.855M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $412.257M ▼ $7.44B ▲ $6.797B ▲ $642.55M ▲
Q2-2025 $1.083B ▲ $7.201B ▲ $6.571B ▲ $629.777M ▲
Q1-2025 $297.026M ▼ $7.121B ▲ $6.499B ▲ $621.873M ▲
Q4-2024 $441.515M ▼ $7.011B ▲ $6.405B ▲ $605.849M ▼
Q3-2024 $1.175B $6.794B $6.186B $607.614M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.631M ▲ $36.186M ▲ $-200.45M ▼ $195.848M ▲ $31.584M ▼ $34M ▲
Q2-2025 $7.941M ▲ $15.944M ▲ $-5.438M ▲ $73.179M ▼ $83.685M ▲ $9.936M ▲
Q1-2025 $7.595M ▼ $-7.874M ▼ $-272.214M ▲ $120.638M ▼ $-159.45M ▼ $-11.476M ▼
Q4-2024 $9.24M ▲ $26.458M ▲ $-320.716M ▼ $192.967M ▼ $-101.291M ▼ $22.429M ▼
Q3-2024 $7.587M $24.684M $-123.723M $275.968M $176.929M $23.006M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Banking Segment
Banking Segment
 $80.00M ▲$50.00M ▼$50.00M ▲$50.00M ▲
Wealth Management Division
Wealth Management Division
 $0 ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Peapack-Gladstone has grown its revenue at a steady pace over the past five years, showing that its relationship-driven model is attracting more business. However, profit levels tell a more mixed story. Earnings improved nicely up to 2022, then slipped in 2023 and again in 2024. That pattern suggests the bank is facing pressure on profitability, likely from higher funding costs, competition for deposits, and normal cost inflation. In simple terms: the top line is moving the right way, but the bank is earning less on each dollar of revenue than it did at its peak, and restoring those margins will be important.

Balance Sheet

Balance Sheet The balance sheet looks like that of a steadily growing regional bank. Total assets have increased each year, indicating gradual expansion rather than rapid, high-risk growth. Cash levels fell earlier in the period but were rebuilt more recently, which points to a more cautious stance on liquidity after a turbulent period for regional banks at large. Borrowings rose sharply for a time and then were pared back, suggesting the bank used wholesale funding when needed and then reduced that reliance as conditions allowed. Shareholders’ equity has been trending upward, which reflects retained profits and a strengthening capital base. Overall, the balance sheet appears to show controlled growth with a focus on staying well-capitalized and more liquid.

Cash Flow

Cash Flow Cash generation has been consistently positive, which is a key strength. Operating cash flow rose meaningfully into 2022 and then settled at a more moderate but still healthy level. Free cash flow closely follows operating cash, because the bank’s spending on physical investments is modest. This pattern suggests the bank has been able to fund its operations and growth largely from its own cash generation, while using the balance sheet (deposits and borrowings) to manage its lending and investment activities. The stability of free cash flow provides a buffer during periods when earnings are under pressure.

Competitive Edge

Competitive Edge Peapack-Gladstone competes by acting less like a mass-market regional bank and more like a boutique private bank. Its pitch is high-touch, relationship-based service for individuals, families, and middle-market businesses that may not feel well-served by the big national players. The combination of private banking, wealth management, investment banking for mid-sized companies, and equipment finance gives it a broader toolkit than many local competitors. Its push into the New York metro area targets a large, wealthy market but also pits it against very strong incumbents. The bank’s edge lies in service quality and specialized advice; its main challenge is scaling that model profitably while competing against much larger, better-resourced institutions.

Innovation and R&D

Innovation and R&D For a regional bank, Peapack-Gladstone is relatively forward-leaning on technology. It uses systems like the Agiletics escrow platform to give business clients more control and to streamline internal work, which can both improve client experience and lower back-office costs. The bank also has patents tied to blockchain and real-time validation of digital records, which could become valuable if they are effectively woven into its risk management, security, or client-facing tools. At the same time, the commercial impact of these innovations is still emerging. The broader theme is practical innovation: using digital tools, data-driven marketing, and workflow automation to enhance, rather than replace, its relationship-driven model.

Summary

Peapack-Gladstone is a relationship-focused regional bank that has grown steadily in size and revenue while carving out a niche in private banking, wealth management, and specialized corporate services. Financially, it shows a solid capital base, improving liquidity, and dependable cash generation, but profits have cooled from earlier highs, pointing to margin and cost pressures that need attention. Strategically, the bank’s “private banking for all” positioning, multi-niche product set, and expansion into the New York metro area offer room for further growth if execution remains disciplined. Its selective use of technology and patented digital capabilities adds an interesting longer-term angle, though their full payoff is not yet proven. Overall, the story is of a carefully growing regional bank with a clear service-led strategy, solid but not flawless financial trends, and meaningful exposure to the same credit, funding, and competitive risks that shape the broader regional banking sector.