Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Q1 2026 Earnings Presentation
26 slides from Peapack-gladstone Financial's earnings presentation, Apr 22, 2026
Slide 1: Investor Update Q1 2026
Investor Update Q1 2026 The Q1 2026 Investor Update should be read in conjunction with the Q1 2026 Earnings Release issued on April 22, 2026.
Slide 2: First Quarter 2026 Highlights
First Quarter 2026 Highlights Delivering positive momentum Earnings Performance Banking & Wealth Momentum $0.80 + 81% + 32% 3.26% + 12% + 32% - 39% + 86% YoY YoY YoY + 58 bps YoY Q1 Annualized Q1 Annualized YoY EPS PPNR1 Growth NII Growth Net Interest Margin Loan Growth NIB DDA Growth Nonperforming
Slide 3: Quarterly Earnings Momentum
Quarterly Earnings Momentum Continuing to deliver shareholder value ($ in millions, except per share data) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Key Observations Net Interest Income $ 45.5 $ 48.3 $ 50.6 $ 56.5 $ 59.9 Wealth Management Fee Income 15.4 15.9 15.8 16.1 16.5 • Sustained earnings moment
Slide 4: Metro New York Expansion Timeline
Metro New York Expansion Timeline Strategic investments made during industry stress is creating long-term value March 2023 – July 2023: Three large bank failures and rapid increase in Fed Funds bring industry-wide volatility Summer 2025: Hired new Head of CRE, Head of Earnings inflection Equipment F
Slide 5: Proactive Capital Actions to Support Growth
Proactive Capital Actions to Support Growth TBVPS growth creates shareholder value 11.50% 11.34% Pro Forma Impact of additional $20MM 11.00% 11.19% Optimization & Flexibility Impact of preferred 10.99% 11.02% issuance • $30 million convertible preferred issuance executed in Q1, with 10.50% 10.55% th
Slide 6: Deposit Trends
Deposit Trends NIB DDA represents 67% of deposit growth over LTM ($ in billions) $6.8 Key Trends & Impacts $6.3 $6.4 $6.6 $6.6 $1.7 $1.7 • Continued deposit momentum, with core relationship $1.6 $1.7 $1.8 deposits1 increasing $238 million and total deposits eclipsing $6.8 billion • 49% of deposit gr
Slide 7: Loan Trends
Loan Trends Consistent growth focused on our strengths in C&I and CRE ($ in billions) Loan Growth & Mix • Consistent loan growth, with total loans increasing $184 million QoQ, reaching $6.4 billion $6.3 $6.4 • Disciplined relationship driven approach, supporting growth at $6.0 $5.7 $5.8 $0.9 $0.9 11
Slide 8: Net Interest Income
Net Interest Income Consistently delivering positive operating leverage & NII growth Key Observations $65 3.40% 3.26% • NII growth continued in Q1 driven by balance sheet $60 3.20% expansion and improved funding mix 3.08% $55 • NIM of 3.26%, up 18 bps QoQ, reflects disciplined pricing and Net Intere
Slide 9: Wealth Management
Wealth Management AUM/AUA remained stable despite volatile market conditions Performance Insights $14 $75 $13.1B $13.1B Sustained Long-Term Growth $11.9B • Track record of sustained long-term growth, achieving $12 $10.9B a 10% CAGR over the past three years. $65 $16.5 $9.9B Strength and Scalability
Slide 10: Balance Sheet Strength
Balance Sheet Strength By the Numbers Q1 • 94% loan-to-deposit ratio and over $5.0 billion of available Year End Year End Year End liquidity (~65% of total assets) reflect a strong and flexible ($ in millions) 2023 2024 2025 2026 position Deposits $5,274 $6,129 $6,589 $6,827 +29%3 • Core relationshi
Slide 11: Credit Quality
Credit Quality Problem loans remain well-controlled Special Mention Loans / Gross Loans 30-89 Days Past Due / Gross Loans Nonperforming Assets / Total Assets 2.00% 1.00% 2.00% 1.60% 0.73% 1.31% 1.49% 1.36% 1.13% 1.50% 1.18% 0.94% 0.49% 0.48% 0.82% 0.42% 0.91% 1.00% 0.50% 0.62% 1.00% 0.75% 0.78% 0.77
Slide 12: Rent-Regulated Multifamily
Rent-Regulated Multifamily Continues to remain resilient with no evidence of systemic deterioration PA Rent Regulated <1% New York Rent Regulated Multifamily PA Market NJ Market 13% 13% (Dollars in Millions) $920 Total Balance $846 # of Loans 198 NJ Rent Regulated # of Relationships 118 $880 $1.8 bi
Slide 13: Positioned for Long-Term Growth & Compelling Returns
Positioned for Long-Term Growth & Compelling Returns • Boutique alternative to large banks in the Metro New York region. • Anchored by a scarce and valuable $13.1 billion wealth management franchise. • Expansion strategy has transformed our liquidity profile and creates a scalable foundation for fut
Slide 14: Statement Regarding Forward-Looking Information
Statement Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and may include expressions about Management’s strategies and Management’s expect
Slide 15: Appendix A: Supplemental Information & Franchise Overview
Appendix A: Supplemental Information & Franchise Overview
Slide 16: Peapack Private
Peapack Private The Premier Alternative to the Mega Banks in Metropolitan New York NEW YORK CONNECTICUT • Founded in 1921, Peapack Private is the boutique alternative to large banks in the Metropolitan New York region, delivering white glove service through a single point of contact model. • Grounde
Slide 17: Net Promoter Score
Net Promoter Score Client satisfaction substantially exceeds the U.S. Banking Industry Benchmark Net Promoter Score Momentum The Peapack Private Client Experience Based on Real Client Feedback NPS UP +24 Points Since 2023 Elevated boutique banking experience 70 65 Distinct alternative to large banks
Slide 18: Appendix B: Notes & Financial Tables
Appendix B: Notes & Financial Tables
Slide 19: Notes
Notes First Quarter 2026 Highlights slide 1) See Non-GAAP Financial Measurement Reconciliation included in these appendices. Quarterly Earnings Momentum slide 1) See Non-GAAP Financial Measurement Reconciliation included in these appendices. 2) See Non-GAAP Financial Measurement Reconciliation inclu
Slide 20: Balance Sheet & AUM/AUA Summary
Balance Sheet & AUM/AUA Summary (Dollars in Thousands) 3/31/2025 12/31/2025 3/31/2026 ASSETS Cash and cash equivalents $ 231,917 $ 187,820 $ 253,414 Investments - AFS 857,577 802,267 737,591 Investments - HTM 100,285 95,862 79,478 Residential/Consumer 819,348 895,224 932,734 Multifamily mortgage 1,7
Slide 21: Asset Quality
Asset Quality (Dollars in Thousands) 3/31/2025 12/31/2025 3/31/2026 Asset Quality: Loans past due over 90 days and still accruing $ — $ — $ — Nonaccrual loans 97,170 68,243 59,321 Other real estate owned — — — Total nonperforming assets $ 97,170 $ 68,243 $ 59,321 Nonperforming loans to total loans 1
Slide 22: Capital Summary
Capital Summary Capital Adequacy 3/31/2025 12/31/2025 3/31/2026 Equity to total assets 8.73% 8.75% 9.08% 1 Tangible equity to tangible assets 8.16% 8.21% 8.56% Book value per share $ 35.08 $ 37.49 $ 39.48 2 Tangible book value per share $ 32.56 $ 34.99 $ 37.02 Regulatory Capital - Holding Company Ti
Slide 23: Quarterly Income Statement
Quarterly Income Statement (Dollars in Thousands, except Earnings Per Share) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Interest Income $ 86,345 $ 89,651 $ 92,545 $ 93,984 $ 95,049 Interest Expense 40,840 41,361 41,972 37,442 35,153 Net Interest Income 45,505 48,290 50,573 56,542 59,896 Wealth Manageme
Slide 24: Non-GAAP Financial Measurement Reconciliation
Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on the
Slide 25: Non-GAAP Financial Measurement Reconciliation
Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on the
Slide 26: Corporate Headquarters and Contacts
CORPORATE HEADQUARTERS 500 Hills Drive, Suite 300 P.O. Box 700 Bedminster, New Jersey 07921 (908) 234-0700 peapackprivate.com CONTACTS Douglas L. Kennedy John P. Babcock President & Chief Executive Officer Senior EVP & President of Peapack Private (908) 719-6554 Wealth Management dkennedy@peapackpri
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