Key Highlights

  • Consensus EPS of 0.93 compares with diluted EPS of 0.86 reported for the second quarter, against 0.45 a year earlier.
  • Consensus revenue of USD 90.13 million compares with total revenue of USD 86.1 million reported for the second quarter.
  • Net interest margin improved to 3.32% from 2.77%, and net interest income rose USD 15.6 million.
  • Wealth management fee income represented 20 percent of total revenue, and noninterest expense was USD 55,667 thousand.

Peapack-Gladstone Financial (NASDAQ:PGC) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.93 on revenue of USD 90.13 million, and the company has a market capitalization of USD 811.59 million.

Peapack-Gladstone Financial is a bank holding company with banking and wealth management operations, all domestic. In the second quarter, it reported total revenue of USD 86.1 million against USD 69.7 million and pretax income of USD 22.3 million against USD 11.3 million.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.93 is above the diluted EPS of 0.86 reported for the second quarter, which compared with 0.45 a year earlier. The revenue estimate of USD 90.13 million is above the total revenue of USD 86.1 million reported.

Net income was USD 15,972 thousand against USD 7,941 thousand, and net income available to common shareholders was USD 15.8 million against USD 7.9 million. Basic EPS was 0.89 against 0.45.

Net Interest Income and Margin

Net interest income was USD 63,921 thousand against USD 48,290 thousand, and the filing says the increase in net income came primarily from higher net interest income of USD 15.6 million. Interest and dividend income was USD 100,210 thousand against USD 89,651 thousand.

Net interest margin improved to 3.32 percent against 2.77 percent for the second quarter of 2025. Wealth management fee income, which the filing calls a consistent and steady revenue stream, represented 20 percent of total revenue.

Expansion Costs in Noninterest Expense

Noninterest income was USD 22,131 thousand against USD 21,451 thousand, and noninterest expense was USD 55,667 thousand against USD 51,893 thousand. The filing attributes the increase in operating expenses principally to the addition of new employees for the company's expansion into New York City and Long Island and the expansion of its equipment financing team.

It also cites increased health insurance costs and annual merit increases, along with expense related to the employee stock purchase plan, and notes that operating expense and provision for credit losses partly offset the rise in net income.

Pretax income was USD 22,297 thousand against USD 11,262 thousand. The estimates table lists a market capitalization of USD 811.59 million.

The provision for credit losses was USD 8,088 thousand against USD 6,586 thousand, and net interest income after the provision was USD 55,833 thousand against USD 41,704 thousand. Wealth management fee income was USD 17,220 thousand against USD 15,943 thousand, and loan fee income was USD 2,069 thousand against USD 1,899 thousand.

At June 30, 2026, total deposits were USD 7,057,599 thousand against USD 6,588,979 thousand at the prior year-end, and total loans were USD 6,675,251 thousand against USD 6,253,736 thousand.

Comparisons to Make in the Report

Diluted EPS against 0.93 and revenue against USD 90.13 million are the headline comparisons. Other markers are net interest margin against 3.32%, wealth management fee income and noninterest expense.