Peapack-Gladstone Financial Corporation Reports Fourth Quarter Financial Results

About this update from Peapack-gladstone Financial Corporation

[{"type":"image","caption":"","headline":"Peapack-Gladstone Financial Corporation Reports Fourth Quarter Financial Results","size":{"original":{"width":140,"height":85,"url":"https://media.zenfs.com/en/newsmediawire_165/917b9c50a332e8c0b6501542ad39170f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VY2iCjmgdOJp1QI.FceTsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTEyODtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/917b9c50a332e8c0b6501542ad39170f","width":140,"height":85}}},{"type":"text","content":"BEDMINSTER, NJ - January 29, 2026 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announces its fourth quarter 2025 financial results.","length":204,"tagName":"p"},{"type":"text","content":"This earnings release should be read in conjunction with the Company's Q4 2025 Investor Update, a copy of which is available on our website at www.peapackprivate.com and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. ","length":279,"tagName":"p"},{"type":"text","content":"The Company recorded net income of $12.2 million and diluted earnings per share ("EPS") of $0.69 for the quarter ended December 31, 2025, which is an increase of 26%, compared to net income of $9.6 million and diluted EPS of $0.54 for the quarter ended September 30, 2025.","length":282,"tagName":"p"},{"type":"text","content":"Net income for the twelve-month period ended December 31, 2025 grew by 13% to $37.3 million, or $2.10 per share, compared to $33.0 million, or $1.85 per share for the twelve months ended December 31, 2024.","length":205,"tagName":"p"},{"type":"text","content":"Total deposits grew by a net amount of $460 million, or 8%, over the last twelve months to $6.6 billion at December 31, 2025. Core relationship deposits increased $828 million for the year, as the Company continues to replace higher-cost deposit balances with new relationships at a lower funding cost. Noninterest-bearing deposit growth was strong throughout the year increasing by $316 million, or 28%, during 2025. Total loans grew by $738 million, or 13%, to $6.3 billion during the twelve-month period ended December 31, 2025. Loans were originated at a weighted average coupon of 6.60% during the year, resulting in an incremental spread of more than 400 basis points on new business...

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