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Peapack-Gladstone Financial

Financial Services US PGC

45.4USD
0.67(1.50%)

Last update at 2026-06-09T17:58:00Z

Day Range

44.7945.99
LowHigh

52 Week Range

20.2337.83
LowHigh

Fundamentals

  • Previous Close 44.73
  • Market Cap564.84M
  • Volume57712
  • P/E Ratio17.46
  • Dividend Yield0.63%
  • Revenue TTM209.73M
  • Revenue Per Share TTM11.84
  • Gross Profit TTM 209.73M
  • Diluted EPS TTM1.84

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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 102.34M 77.66M 32.00M 66.12M 57.72M
Minority interest - - - - -
Net income 74.25M 56.62M 26.19M 47.43M 44.17M
Selling general administrative 91.42M 83.94M 79.49M 70.41M 65.25M
Selling and marketing expenses 1.88M 1.29M 1.63M 1.36M 1.34M
Gross profit 200.78M 170.31M 153.10M 140.53M 126.52M
Reconciled depreciation 5.04M 4.79M 4.41M 4.17M 4.31M
Ebit 138.14M 77.66M 32.00M 66.12M 102.24M
Ebitda 143.18M 82.45M 36.42M 70.29M 106.56M
Depreciation and amortization 5.04M 4.79M 4.41M 4.17M 4.31M
Non operating income net other - - - - -
Operating income 138.14M 77.66M 32.00M 66.12M 102.24M
Other operating expenses 133.80M -132.64200M -157.35900M -108.84800M 54.46M
Interest expense 35.80M 22.01M 38.15M 60.40M 44.52M
Tax provision 28.10M 21.04M 5.81M 18.69M 13.55M
Interest income 211.88M 160.07M 165.75M 180.67M 159.69M
Net interest income 176.08M 138.06M 127.60M 120.27M 115.16M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 28.10M 21.04M 5.81M 18.69M 13.55M
Total revenue 242.50M 210.30M 189.36M 174.97M 159.36M
Total operating expenses 133.80M -132.64200M -157.35900M -108.84800M -54.46000M
Cost of revenue 41.71M 39.99M 36.26M 34.44M 32.84M
Total other income expense net -35.79500M 83.75M 27.47M 24.74M -44.52300M
Discontinued operations - - - - -
Net income from continuing ops 74.25M 56.62M 26.19M 47.43M 44.17M
Net income applicable to common shares 74.25M 56.62M 26.19M 47.43M 44.17M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6537.92M 6353.59M 6077.99M 5890.44M 5182.88M
Intangible assets 9.80M 11.12M 12.69M 10.79M 10.38M
Earning assets - - - - 690.93M
Other current assets 219.72M -184.13800M 4107.43M 3874.98M 4093.24M
Total liab 5954.23M 5820.61M 187.95M 5363.32M 4679.23M
Total stockholder equity 583.68M 532.98M 546.39M 527.12M 503.65M
Deferred long term liab - 15.43M 39.32M 32.98M 26.15M
Other current liab 1709.62M -379.53000M 5266.15M -15.00000M -136.05100M
Common stock 17.83M 17.51M 17.22M 16.96M 16.73M
Capital stock 17.83M 17.51M 17.22M 16.96M 16.73M
Retained earnings 394.09M 348.80M 274.29M 221.44M 199.03M
Other liab - 15.43M 116.82M 154.47M 26.15M
Good will 36.21M 36.21M 36.21M 33.10M 30.21M
Other assets - 4826.92M 4107.43M 3874.98M 4093.24M
Cash 187.67M 190.07M 146.80M 653.22M 208.08M
Cash and equivalents - - - - -
Total current liabilities 2118.02M 379.53M 15.93M 15.00M 136.05M
Current deferred revenue - - - - -
Net debt 365.72M 340.84M 1.83M -262.85000M 128.46M
Short term debt 408.40M 379.53M 15.93M 15.00M 128.10M
Short long term debt 403.81M 379.53M 0.00000M 15.00M 128.10M
Short long term debt total 553.39M 530.92M 148.63M 390.37M 336.54M
Other stockholder equity 236.63M 240.88M 267.25M 290.12M 289.38M
Property plant equipment - 23.83M 36.40M 21.61M 20.91M
Total current assets 219.72M 769.88M 965.15M 1298.40M 609.33M
Long term investments 671.54M 669.92M 920.12M 4941.45M 4744.15M
Net tangible assets - 485.65M 497.49M 483.23M 463.06M
Short term investments 550.62M 554.65M 796.75M 622.69M 390.75M
Net receivables 30.68M 25.16M 21.59M 22.50M 10.49M
Long term debt 133.27M 132.99M 132.70M 181.79M 83.42M
Inventory -24.78900M 0.12M - 0.05M 0.05M
Accounts payable - 69.10M 5266.15M 121.49M 7.95M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -64.87800M -74.21100M -12.37400M -1.39200M -1.49500M
Additional paid in capital - - - - -
Common stock total equity - 17.51M 17.22M 16.96M 16.73M
Preferred stock total equity - - - - -
Retained earnings total equity - 348.80M 274.29M 221.44M 199.03M
Treasury stock - -97.82600M -65.10400M -36.47700M -29.99000M
Accumulated amortization - - - - -
Non currrent assets other 5945.83M -756.79600M -1005.42100M -717.05700M -480.30200M
Deferred long term asset charges - - - - -
Non current assets total 6318.20M 756.80M 1005.42M 717.06M 480.30M
Capital lease obligations 16.31M 18.40M 15.93M 16.49M 20.02M
Long term debt total - 132.99M 132.70M 181.79M 83.42M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -352.82700M -811.77600M -575.16600M -484.98000M -294.94800M
Change to liabilities 2.12M 0.23M -10.72000M 12.80M -0.92900M
Total cashflows from investing activities -356.06700M -753.79800M -213.99500M -486.96500M -297.70700M
Net borrowings 379.53M -65.00000M -119.94700M 125.10M 70.10M
Total cash from financing activities 280.44M 171.82M 622.41M 448.08M 280.79M
Change to operating activities 6.84M -5.25800M -19.49700M 17.14M -10.18100M
Net income 74.25M 56.62M 26.19M 47.43M 44.17M
Change in cash 43.27M -506.51800M 445.14M 47.41M 47.33M
Begin period cash flow 146.80M 653.32M 208.19M 160.77M 113.45M
End period cash flow 190.07M 146.80M 653.32M 208.19M 160.77M
Total cash from operating activities 118.90M 75.46M 36.72M 86.30M 64.25M
Issuance of capital stock - 0.00000M 0.00000M 0.00000M 16.68M
Depreciation 5.04M 4.79M 4.41M 4.17M 4.31M
Other cashflows from investing activities 0.28M 61.91M 364.25M -0.28000M -1.70000M
Dividends paid -3.64500M -3.77500M -3.78000M -3.86500M 3.71M
Change to inventory - - - - -
Change to account receivables -3.56800M 0.91M -12.00100M 0.33M -1.36200M
Sale purchase of stock -32.72200M -28.62700M -6.48700M -21.00200M 304.26M
Other cashflows from financing activities 316.80M -2.38000M -0.74100M -1.10600M -1.54000M
Change to netincome 31.12M 16.57M 40.01M 17.43M 22.16M
Capital expenditures 3.52M 3.93M 3.08M 1.71M 1.06M
Change receivables -3.56800M 0.91M -12.00100M 0.33M -1.36200M
Cash flows other operating 7.00M -10.46600M -16.41000M 2.14M -5.67000M
Exchange rate changes - - - - -
Cash and cash equivalents changes 43.27M -506.51800M 445.14M 47.41M 47.33M
Change in working capital 3.28M -4.35200M -31.49800M 17.46M -11.54300M
Stock based compensation 0.14M 0.13M 0.22M 0.16M 0.19M
Other non cash items 42.83M 8.83M 29.16M 7.06M 10.08M
Free cash flow 115.38M 71.53M 33.65M 84.59M 63.19M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
PGC
Peapack-Gladstone Financial
0.67 1.50% 45.40 17.46 12.94 2.69 0.92 3.41
HDB
HDFC Bank Limited ADR
0.23 1.02% 23.25 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
-0.27 0.88% 30.44 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd
0.16 0.32% 50.61 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.92 6.10 5.67 0.44 0.77 3.43

Reports Covered

Stock Research & News

Profile

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates; and commercial loan clients include business owners, professionals, retailers, contractors, and real estate investors. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

Peapack-Gladstone Financial

500 Hills Drive, Bedminster, NJ, United States, 07921

Key Executives

Name Title Year Born
Mr. Douglas L. Kennedy Pres, CEO & Director 1957
Mr. Robert A. Plante Exec. VP & COO 1960
Mr. Jeffrey J. Carfora Sr. Exec. VP 1959
Mr. John P. Babcock Sr. EVP & Pres of Peapack Private Wealth Management 1958
Mr. Gregory Martin Smith Sr. Exec. VP & Pres of Commercial Banking 1967
Mr. Frank A. Cavallaro Sr. EVP & CFO 1969
Mr. Francesco S. Rossi Sr. VP & Chief Accounting Officer 1976
Mr. Eric H. Waser Exec. VP & Head of Investment Banking 1961
Mr. Kevin B. Runyon Exec. VP, Chief Information & Digital Officer and Head of Information Technology NA
Ms. Maureen E. Hemhauser Exec. VP, Chief Risk Officer & Head of Compliance NA

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