Earnings Releases·Oct 27, 2026, 4:39 PM ET

Peapack-Gladstone Financial Corporation — Third Quarter 2026 Earnings Summary

Total revenue rose 24% year-over-year to $87.5 million, while net income available to common shareholders increased 83% year-over-year to $18.5 million ($0.99 diluted EPS), driven by a 33% surge in net interest income and a 166 basis point sequential improvement in the GAAP efficiency ratio to 63.03%.
The balance sheet expanded significantly with total loans reaching $7.1 billion (up $1.1 billion year-over-year) and total deposits at $7.4 billion, supported by $346 million in wealth management gross client inflows and a 6% year-over-year increase in assets under management.
Management expressed confidence in the fourth quarter citing strong pipelines and a strategic focus on productivity, pricing discipline, and translating relationship growth into returns, though risks regarding higher operating expenses and economic conditions in the New York/New Jersey region remain.
Capital and liquidity positions remain robust with a Tier 1 Leverage Ratio of 9.29% and total liquidity of $5.3 billion; the company also completed a $20 million preferred stock issuance and reinstated a 3% discount feature for its Dividend Reinvestment Plan.