earnings
confidence high
sentiment positive
materiality 0.75
Peapack-Gladstone Q2 EPS $0.45; NII up 38% YoY; AUM/AUA record $12.3B
PEAPACK GLADSTONE FINANCIAL CORP
2025-Q2 EPS reported
$0.87
revenue$134,100,000
- Q2 2025 diluted EPS $0.45; net interest income $48M (+38% YoY); net interest margin 2.77% (+52 bps YoY).
- Wealth management fee income $16M (+3.3% linked-quarter); record AUM/AUA $12.3B; new inflows $193M in Q2.
- Noninterest-bearing deposits grew $53M (4%) in Q2; total deposits $6.4B (+12% LTM); 700+ new expansion relationships.
- Loans grew $68M (5% annualized) in Q2; incremental spread >4.50% on new business YTD; $464M expansion loan outstandings.
- NY rent regulated multifamily: $56M NPAs (3% of portfolio), 5 sponsors in foreclosure; enhanced monitoring ongoing.