PEAPACK GLADSTONE FINANCIAL CORP PGC
Peapack-Gladstone Financial Corporation (the "Company") is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the "Bank Holding Company Act"). The Company was organized under New Jersey law in 1997. Peapack-Gladstone Bank, which changed its name to Peapack Private Bank & Trust effective January 1, 2025 ("Peapack Private"), is a state-chartered commercial bank founded in 1921 under New Jersey laws, is its principal subsidiary. The Bank is a member of the Federal Reserve System. Through its branch network in Somerset, Morris, Hunterdon and Union counties and its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey and in New York City and Long Island and its private wealth management, commercial private banking, retail private banking and residential lending divisions, along with its online platforms, Peapack Private is committed to offering unparalleled client service.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Banking Segment
- Wealth Management Division
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Banking Segment | $216.9M | $163.5M | $168.6M |
| Wealth Management Division | $66.1M | $64.7M | $61.0M |
As the company reported it, from the “BUSINESS SEGMENTS - Schedule of Income and Total Assets for Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $283.0M | $228.1M | $229.7M | $242.5M | $210.3M | $189.4M | $175.0M | $159.4M | $145.8M | $125.4M |
| Interest expense | $200.9M | $149.0M | $156.1M | $176.1M | $22.0M | $38.1M | $60.4M | $44.5M | $27.6M | $20.6M |
| Pre-tax income | $52.3M | $45.0M | $67.3M | $102.3M | $77.7M | $32.0M | $66.1M | $57.7M | $54.3M | $42.7M |
| Income tax | $15.0M | $12.0M | $18.4M | $28.1M | $21.0M | $5.8M | $18.7M | $13.6M | $17.8M | $16.3M |
| Net income | $37.3M | $33.0M | $48.9M | $74.2M | $56.6M | $26.2M | $47.4M | $44.2M | $36.5M | $26.5M |
| EPS, basic | 2.12 | 1.87 | 2.74 | 4.09 | 3.01 | 1.39 | 2.46 | 2.33 | 2.07 | 1.62 |
| EPS, diluted | 2.10 | 1.85 | 2.71 | 4.00 | 2.93 | 1.37 | 2.44 | 2.31 | 2.03 | 1.60 |
| Shares, diluted (wtd. avg.) | 17.7M | 17.8M | 18.0M | 18.6M | 19.3M | 19.1M | 19.4M | 19.1M | 17.9M | 16.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $187.8M | $391.4M | $187.7M | $190.1M | $146.8M | $653.3M | $208.2M | $160.8M | $113.4M | $162.7M |
| Property, plant and equipment | $39.2M | $28.9M | $24.2M | $23.8M | $23.0M | $21.6M | $20.9M | $27.4M | $29.5M | $30.4M |
| Goodwill | $36.2M | $36.2M | $36.2M | $36.2M | $36.2M | $33.1M | $30.2M | $24.4M | $17.1M | $1.6M |
| Other intangibles | $7.6M | $8.7M | $9.8M | $11.1M | $12.7M | $10.8M | $10.4M | $7.9M | $6.7M | $1.5M |
| Total assets | $7.53B | $7.01B | $6.48B | $6.35B | $6.08B | $5.89B | $5.18B | $4.62B | $4.26B | $3.88B |
| Short-term debt | $73.3M | — | $403.8M | $379.5M | — | $15.0M | $128.1M | $0 | $0 | — |
| Total liabilities | $6.87B | $6.41B | $5.89B | $5.82B | $5.53B | $5.36B | $4.68B | $4.15B | $3.86B | $3.55B |
| Total equity | $658.2M | $605.8M | $583.7M | $533.0M | $546.4M | $527.1M | $503.7M | $469.0M | $403.7M | $324.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $43.1M | $71.1M | $70.1M | $118.9M | $75.5M | $36.7M | $86.3M | $64.2M | $55.9M | $42.9M |
| Depreciation and amortisation | $4.1M | $3.5M | $3.7M | $3.5M | $3.2M | $3.1M | $3.1M | $3.1M | $3.3M | $3.1M |
| Stock-based compensation | — | — | — | — | — | — | — | $189.0K | $122.0K | $156.0K |
| Capital expenditure | $14.3M | $8.1M | $3.3M | $3.5M | $3.9M | $3.1M | $1.7M | $1.1M | $2.4M | $3.2M |
| Investing cash flow | -$735.8M | -$303.4M | -$147.5M | -$356.1M | -$753.8M | -$214.0M | -$487.0M | -$297.7M | -$435.5M | -$433.2M |
| Financing cash flow | $489.1M | $436.0M | $75.0M | $280.4M | $171.8M | $622.4M | $448.1M | $280.8M | $330.3M | $482.8M |
| Dividends paid | $3.5M | $3.5M | $3.6M | $3.6M | $3.8M | $3.8M | $3.9M | $3.7M | $3.5M | $3.3M |
| Buybacks | $5.4M | $7.2M | $12.5M | $32.7M | $28.6M | $6.5M | $21.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-101763.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.4M | $145.8M | $159.4M | $175.0M | $189.4M | $210.3M | $242.5M | $229.7M | $228.1M | $283.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $26.5M | $36.5M | $44.2M | $47.4M | $26.2M | $56.6M | $74.2M | $48.9M | $33.0M | $37.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6029
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ESQ | Esquire Financial Holdings, Inc. | $1.50B | 21.0x | 23.0% |
| BSAC | BANCO SANTANDER CHILE | — | — | — |
| BMO | BANK OF MONTREAL /CAN/ | — | — | — |
| BAP | CREDICORP LTD | — | — | — |
| RY | ROYAL BANK OF CANADA | — | — | — |
| TD | TORONTO DOMINION BANK | — | — | — |
| SMFG | SUMITOMO MITSUI FINANCIAL GROUP, INC. | — | — | — |
| ING | ING GROEP NV | — | — | — |