Peapack-Gladstone Q1 FY26 net income rises 86.35% to $14.2 million; revenue climbs 28.18% to $82.5 million

Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Corporation

PGC

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  • Peapack-Gladstone Financial posted Q1 net income of USD 14.2 million, more than doubled from year-ago levels; diluted EPS rose to USD 0.80.
  • Revenue climbed 28.2% to USD 82.5 million, driven by net interest income up 31.6% to USD 59.9 million.
  • Net interest margin widened 58 basis points to 3.26%, while deposits increased USD 237.8 million, including USD 115.8 million in noninterest-bearing demand balances.
  • Provision for credit losses rose 63.9% to USD 7.3 million, while operating expenses increased 12.1% to USD 55.4 million.
  • Wealth management fee income grew 6.9% to USD 16.5 million, with assets under management and/or administration totaling USD 13.1 billion.


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