Earnings ·
Reports Q3 diluted EPS of $0.99 on $87.5M revenue, up 24% year-over-year
PGCPeapack Gladstone Financial Corp
Peapack-Gladstone Financial Corporation reported third-quarter 2026 net income available to common shareholders of $18.5 million, or $0.99 per diluted share, compared to $0.54 a year earlier and $0.86 in the prior quarter. Total revenue rose 24% year-over-year to $87.5 million, driven by a 33% increase in net interest income to $67.5 million as the net interest margin expanded to 3.34%. Operating expenses declined 1% sequentially to $55.1 million, improving the GAAP efficiency ratio to 63.03%. The company also reported total loans of $7.1 billion and deposits of $7.4 billion at September 30, 2026. Peapack-Gladstone Financial Corporation operates as a bank holding company providing private banking, lending, wealth management, and trust services.