Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Shareholder Meeting (May 2021)
16 slides from Peapack-gladstone Financial's shareholder meeting presentation, May 4, 2021
Slide 1: Welcome to Our 2021 Annual Meeting
Welcome to Our 2021 Annual Meeting Celebrating 100 Years Exhibit 99.1
Slide 2: 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 3: Strategy and Business Lines Overview
Peapack Private wealth management provides a diversified and stable source of revenue. Highly acquisitive of RIA businesses with four acquisitions and two lift-outs since 2017. Commercial banking focused on providing high-touch client service through an advice-based approach encompassing commercial
Slide 4: Financial Highlights and Franchise Overview
Financial Highlights 1 Branch Map Franchise Overview 4 Private Banking Offices Bedminster, NJ Morristown, NJ Princeton, NJ Teaneck, NJ Bonita Springs, FL Red Bank, NJ New Providence, NJ Summit, NJ We Operate in 3 of the Top 10 Wealthiest Counties in the United States 2 1 Financial data as of 03/31/2
Slide 5: In 2020, We Provided Much Needed Capital that Helped Retain Jobs
In 2020, We Provided Much Needed Capital that Helped Retain Jobs 5
Slide 6: Celebrating 100 years in business in 2021
Celebrating 100 years in business in 2021. HMDA Loans to Majority-Minority census tracts and low- and moderate-income census tracts in 2020 represented approximately 25% and 17% of residential loan production respectively. Corporate Giving and Volunteerism: 2020 – In a Covid-19 environment of reduce
Slide 7: We Invested in Enhancing the Client Experience through Digital
We Invested in Enhancing the Client Experience through Digital 7
Slide 8: We Began 2021 with Strong Results
We Began 2021 with Strong Results 8 * Capital Markets consists of Mortgage Banking, SBA Lending, Corporate Advisory and Back-to-Back Swap fee income. 1 Quarter ended 03/31/2021 actual included $1.5mm of severance expense due to an internal restructuring. See Non-GAAP financial measures reconciliatio
Slide 9: Continued Progress Growing Our Fee Income
Continued Progress Growing Our Fee Income 9 * Capital Markets consists of Mortgage Banking, SBA Lending, Corporate Advisory and Back-to-Back Swap fee income. $11.7 MM $14.5 MM $17.8 MM Total Fee Income as a % of Total Revenue: 28% 31% 36% Q1 2019 YTD Q1 2020 YTD Q1 2021 YTD
Slide 10: Wealth Management Continues to Provide a Stable Source of Revenue
Q1 2021: AUMs/AUAs at 03/31/21 were a record $9.4B. Total AUM/AUA inflows were $283MM and net flows were a positive $181MM for Q1 2021. Wealth fees totaled $12MM for Q1 2021 reflecting an increase of $2.2MM (22%) vs Q1 2020. Wealth fee revenue comprised 24% of total bank revenue for 2021. The Decemb
Slide 11: Well Diversified Loan Portfolio
11 Well Diversified Loan Portfolio Gross Loans: $4.4 billion Note: Gross loans include loans held for sale; C&I includes Owner-Occupied CRE, which was 5% of the total loan portfolio as of 3/31/2021 Loan Mix as of 3/31/2021 Historical Loan Composition
Slide 12: Continued Strong Credit Quality Despite the Pandemic
NPAs / Assets (%)* ALLL / Non-Performing Loans (%)* NCOs / Average Loans (%) ALLL / Gross Loans (%) Continued Strong Credit Quality Despite the Pandemic 12 *Excludes restructured loans of $5.6MM HFS at 03/31/2021. NOTE: Less than 1% of loans currently on deferral.
Slide 13: A Fortress Balance Sheet
A Fortress Balance Sheet 13 1 Substantially all of the Bank's loans and securities are pledged for back up liquidity purposes. 2 Net of $15MM of term borrowing. 3 Excludes securities, the majority of which are pledged against secured funding.
Slide 14: Priorities
Actively deploy/manage capital and liquidity by expanding our lending activities and executing on our recently announced stock repurchase program. Continue to grow and expand our core Wealth Management, Commercial Banking and Capital Markets businesses through core operations, strategic hires, lift-
Slide 15: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation (Dollars in thousands, except per share data) 15 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 a
Slide 16: Q&A 2021 Annual Meeting
Q&A 2021 Annual Meeting Celebrating 100 Years
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