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
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.
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