Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Shareholder Meeting (May 2020)
19 slides from Peapack-gladstone Financial's shareholder meeting presentation, May 6, 2020
Slide 1: Annual Meeting 05/05/2020
Annual Meeting 05/05/2020 Peapack-Gladstone Bank 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: Statement Regarding Forward-Looking Information (COVID-19)
Statement Regarding Forward-Looking Information Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 outbreak on our business. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus
Slide 4: PGC Comparative Stock Price Performance 12/31/2014 – 12/31/2019
PGC Comparative Stock Price Performance 12/31/2014 – 12/31/2019 Five Year Comparative Stock Price Performance: 12/31/2014 – 12/31/2019 Note: Market data as of December 31, 2019 Source: S&P Global Market Intelligence
Slide 5: 2019 Recap
2019 Recap Peapack-Gladstone Bank
Slide 6: Financial Performance: Balance Sheet
NPAs to Total Assets Total Loans (in billions) Capital (in millions) Total Deposits (in billions) Financial Performance Balance Sheet YOY +12% YOY +9%
Slide 7: Loan Portfolio Transformation
Note: Gross loans include loans held for sale. MFL 27% CRE 17% C&I 40% Resi/Cons 16% Resi /Cons 54% C&I 10% CRE 22% MFL 14% Loan Mix As of December 31, 2019 Loan Mix As of December 31, 2012 Gross Loans: $1,153 million Gross Loans: $4,412 million Residential / Consumer Multifamily CRE Commercial & In
Slide 8: C&I Loans and Leases
C&I Loans and Leases (Dollars in Millions) Includes Equipment Finance loans totaling $659MM at 12/31/2019. YOY +27%
Slide 9: Diversification within C&I Lending
Diversification within C&I Lending C&I comprises 40% of the total loan portfolio.
Slide 10: Financial Performance: Income Statement
Diluted Earnings per Share Pre-Tax Income (in millions) Revenue (in millions) Financial Performance Income Statement YOY +7% YOY +6% Net Income (in millions) YOY +10% YOY +15% * * * Impacted by 2019 higher effective tax rate.
Slide 11: Peapack Private Wealth Management
Peapack Private Wealth Management AUM / AUA (in billions) Fee Income (in millions) YOY +15% YOY +29%
Slide 12: COVID-19 Update
COVID-19 Update Peapack-Gladstone Bank
Slide 13: Our COVID-19 Pandemic Initial Approach
Incident Response Team Enacted: Team comprised of Senior and Departmental Leaders across the Bank Meets daily to monitor recent developments and address new challenges Partnered with local health department to ensure best practices are in place Business Continuity Plan: Updated and tested annually C
Slide 14: Our Response to the COVID-19 Pandemic
Our Response to the COVID-19 Pandemic EMPLOYEES CLIENTS SHAREHOLDERS COMMUNITY Committed to no layoffs in 2020. Over 70% of employees working remotely. Leveraging technology (Zoom, Microsoft Teams, WebEx) to support employees working remotely. Weekly all employee communications. Conducting weekly vi
Slide 15: Supporting Clients During a Global Pandemic
Supporting Clients During a Global Pandemic Approved Deferrals by Loan Type (Deferrals as of 04/22/2020) 1 Total Loan Type Balances are Based on Call Report Code Data 2 Risk Based Capital Loan Type Total Loan Type Balance 1 (000's) Deferral Approvals (000's) % of Total Loans % of Loan Type % of RBC
Slide 16: SBA PPP Approved Loans
SBA PPP Approved Loans *As of 04.28.2020 PPP-1 (thru 4.16.2020) Category # of apps $ loan amts Avg/loan Fees# Jobs units $ MMM Avg/unit PPP Loan Apps Rec'v 1,500 $500M $330K $13.7M N/A 1,500 500 est 0.33333333333333331 N/A 13.75 Bank Processed 1,040 $400M $385K $11.0M N/A 1,040 400 est 0.38461538461
Slide 17: Fortress Balance Sheet
Fortress Balance Sheet As of 03/31/2020 1 Substantially all of the Bank's loans and securities are pledged for back up liquidity purposes. 2 Net of $620m of term borrowing. 3 Excludes Securities, the majority of which are pledged against secured funding. Peapack-Gladstone Financial Corp. Fortress Ba
Slide 18: Priorities
Emphasis on the health and safety of our employees and clients. Adapt the way in which we interact with clients and prospects to reflect the current environment. Actively manage emerging credit risk associated with the environment caused by the COVID-19 pandemic. Conservatively manage capital and li
Slide 19: Q&A
PEAPACK-GLADSTONE FINANCIAL CORPORATION PEAPACK-GLADSTONE BANK Q&A
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