earnings
confidence high
sentiment positive
materiality 0.70
Peapack-Gladstone Q1 EPS $0.80 (+86% YoY); NIM expands to 3.26%
PEAPACK GLADSTONE FINANCIAL CORP
2026-Q1 EPS reported
$0.80
revenue$82,493,000
- EPS of $0.80, up 86% YoY and 16% QoQ; core earnings up 81% YoY.
- Net interest margin 3.26%, up 18 bps QoQ and 58 bps YoY; sixth consecutive quarter of NII growth.
- Nonperforming assets declined to 0.77% of total assets, down $9M QoQ.
- Loans grew $184M to $6.4B (12% annualized YoY); deposits grew $238M with 49% from NIB DDA.
- Issued $30M convertible preferred equity; TBVPS up 14% YoY; CET1 improved.