Peapack-Gladstone corrects Q1 book value per share from $39.48 to $37.79

PEAPACK GLADSTONE FINANCIAL CORP

Book value per common share revised to $37.79 from $39.48; tangible book value per share revised to $35.33 from $37.02.
Tangible equity to tangible assets ratio corrected to 8.17% from 8.56%.
Error due to preferred stock issued in March 2026 not deducted from per-share calculations.
Reported net income, operating results, cash flows, and regulatory capital ratios remain unchanged.
Press release dated April 22, 2026, corrected on April 24, 2026; no impact on other financial data.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PEAPACK GLADSTONE FINANCIAL CORP reported financial results for three months ended March 31, 2026.

Period: three months ended March 31, 2026
Result: reported results

Exact text from the filing

Subsequent to the issuance of the Earnings Release, the Company identified an error in the calculation of its reported book value per share and tangible book value per share and related capital ratios. The error relates to the treatment of the preferred stock issuance that occurred in March 2026, which should have been deducted when calculating book value per share and tangible book value per share. Accordingly, as of March 31, 2026: • Book value per common share has been revised from $39.48 to $37.79; • Tangible book value per common share has been revised from $37.02 to $35.33; and • Tangible equity to tangible assets has been revised from 8.56% to 8.17%. This correction does not impact any other information in the Earnings Release or the Investor Presentation, including the Company’s reported net income, operating results, cash flows, or regulatory capital ratios for the period.

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Source: SEC EDGAR

accession 0001193125-26-176900

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