Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Q2 2026 Earnings Presentation
27 slides from Peapack-gladstone Financial's earnings presentation, Jul 27, 2026
Slide 1: Investor Update Q2 2026
Investor Update Q2 2026 The Q2 2026 Investor Update should be read in conjunction with the Q2 2026 Earnings Release issued on July 27, 2026.
Slide 2: Strategic Execution Driving Stronger Earnings
Strategic Execution Driving Stronger Earnings Delivering significant momentum through positive operating leverage Earnings Performance (YoY1) Banking & Wealth Momentum (YoY) + 23% + 7% + 70% + 89% + 15% + 31% + 13% Revenue Growth OpEx Growth PPNR2 Growth EPS Loan Growth NIB DDA3 Growth AUM/AUA Growt
Slide 3: Second Quarter Highlights
Second Quarter Highlights Continuing to deliver shareholder value ($ in millions, except per share data) Strong Operating Leverage Q1 2026 Q2 2026 QoQ Revenue Growth outpaced Operating Expense Total revenue 82.5 86.1 4% Growth 10-to-1, resulting in core earnings1 Operating expense 55.4 55.7 0% growt
Slide 4: Strategic Repositioning Delivering Strong Results
Strategic Repositioning Delivering Strong Results Investments in talent, infrastructure, and brand continue to drive value March 2023 – July 2023: Three large bank failures and Earnings inflection Summer 2025: Hired new Head of CRE, Head of rapid increase in Fed Funds bring industry-wide volatility
Slide 5: Core Deposit Growth Driving Value
Core Deposit Growth Driving Value NIB DDA represents 56% of deposit growth over LTM ($ in billions) 35% Improved Funding Mix YoY $7.1 of total QoQ $6.6 $6.8 growth was $6.4 $6.6 in NIB DDA $2.0 Non-DDA, 26% NIB DDA, 19% $1.7 $1.7 $1.7 $1.8 Q2 2025 $3.6 $3.5 $3.5 $3.5 $3.5 31% IB DDA, 55% $1.2 $1.3 $
Slide 6: Loan Trends
Loan Trends Consistent growth focused on our strengths in C&I and CRE ($ in billions) $6.7 $6.3 $6.4 $5.8 $6.0 $1.0 $0.9 C&I, 44% CRE, 15% $0.9 $0.8 $0.8 15% C&I Growth YoY NY Rent Regulated $2.8 $2.9 Multifamily, 13% $2.7 $2.5 $2.7 Gross Loans1 $6.7 billion Diversified Across 386 Other Rent Regulat
Slide 7: Net Interest Income
Net Interest Income Consistently delivering positive operating leverage & NII growth Net Interest Net Interest Income (millions) Margin (%) $70 3.50% 3.32% $65 3.26% 3.25% $60 3.08% $55 3.00% $64 2.81% $50 2.77% $60 $57 2.75% $45 $51 $48 $40 2.50% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Interest
Slide 8: Margin Expansion
Margin Expansion Improving asset yields while preserving funding cost Interest-Earnings Assets & Yields Total Liabilities & Cost of Funds Interest-Earning Annualized Average Liabilities Annualized Assets (billions) Yield (%) (billions) Cost (%) $8.0 5.25% $7.2 2.80% 2.70% 2.59% 2.57% 5.19% 5.20% 2.6
Slide 9: Wealth Management
Wealth Management AUM/AUA remained stable despite volatile market conditions $16 $75 Performance Insights $13.9B Sustained Long-Term Growth $14 $13.1B • Track record of sustained long-term growth, achieving $11.9B $65 a 10% CAGR over the past three years. $12 $10.9B $33.7 • Gross inflows of $205 mil
Slide 10: Credit Quality
Credit Quality Problem loans remain well-controlled Criticized & Classified Loans / Gross Loans 30-89 Days Past Due / Gross Loans Nonperforming Assets / Total Assets 5.00% 1.00% 2.00% 1.60% 4.00% 0.73% 0.72% 4.00% 1.13% 3.18% 1.50% 2.72% 3.00% 2.58% 0.48% 2.36% 0.42% 0.91% 0.91% 0.50% 1.00% 0.77% 2.
Slide 11: Positioned for Long-Term Growth & Compelling Returns
Positioned for Long-Term Growth & Compelling Returns • Our long-term financial objectives include a 1.25%+ ROA and 14.00%+ ROE. • Private bank style alternative to large banks in the Metro New York region; named a 2026 Top Private Bank and Wealth Management Firm1. • Anchored by a scarce and valuable
Slide 12: 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 13: Appendix A: Supplemental Information & Franchise Overview
Appendix A: Supplemental Information & Franchise Overview
Slide 14: Peapack Private
Peapack Private The Premier Alternative to the Mega Banks in Metropolitan New York NEW YORK CONNECTICUT $13.9B • Founded in 1921, Peapack Private is the boutique Wealth AUM alternative to large banks in the Metropolitan New 14% CAGR Since 2012 Rye Brook York region, delivering white glove service th
Slide 15: Peapack Private
Peapack Private The Premier Alternative to the Mega Banks in Metropolitan New York Financial & Retirement Planning Personal Banking & Bespoke Credit Solutions • Deepens client relationships through • Expands relationships with high net worth clients comprehensive, advice-led financial planning. thro
Slide 16: Bespoke Credit Solutions
Bespoke Credit Solutions Addition of Peapack Marine Jumbo Residential Fine Arts and Mortgage & HELOC Collectibles Investment Bespoke Credit Peapack Marine Credit Line (Yacht Financing) Solutions Life Insurance Complex Credit Premium Finance Facilities 16
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: Rent-Regulated Multifamily
Rent-Regulated Multifamily Continues to remain resilient with no evidence of systemic deterioration PA Rent Regulated New York Rent Regulated Multifamily NJ Market PA Market 1% 11% 13% (Dollars in Millions) Total Balance $838 $900 NJ Rent # of Loans 197 Regulated 18% # of Relationships 115 $860 Avg.
Slide 19: Appendix B: Notes & Financial Tables
Appendix B: Notes & Financial Tables
Slide 20: Notes
Notes Strategic Execution Driving Stronger Earnings slide 1) Year-over-year. 2) See Non-GAAP Financial Measurement Reconciliation included in these appendices. 3) Noninterest-bearing demand deposit account. Second Quarter Highlights slide 1) See Non-GAAP Financial Measurement Reconciliation included
Slide 21: Balance Sheet & AUM/AUA Summary
Balance Sheet & AUM/AUA Summary (Dollars in Thousands) 6/30/2025 12/31/2025 6/30/2026 ASSETS Cash and cash equivalents $ 315,602 $ 187,820 $ 253,894 Investments - AFS 792,278 802,267 778,691 Investments - HTM 98,623 95,862 78,560 Residential/Consumer 843,066 895,224 956,439 Multifamily mortgage 1,79
Slide 22: Asset Quality
Asset Quality (Dollars in Thousands) 6/30/2025 12/31/2025 6/30/2026 Asset Quality: Loans past due over 90 days and still accruing 1 $ — $ — $ 3,300 Nonaccrual loans 114,958 68,243 68,034 Other real estate owned — — 908 Total nonperforming assets $ 114,958 $ 68,243 $ 72,242 Nonperforming loans to tot
Slide 23: Capital Summary
Capital Summary Capital Adequacy 6/30/2025 12/31/2025 6/30/2026 Common equity to total assets 8.75% 8.75% 8.60% 1 Tangible common equity to tangible assets 8.18% 8.21% 8.10% Book value per share $ 35.71 $ 37.49 $ 38.70 Tangible book value per share 2 $ 33.19 $ 34.99 $ 36.26 Regulatory Capital - Hold
Slide 24: Quarterly Income Statement
Quarterly Income Statement (Dollars in Thousands, except Earnings Per Share) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Interest income $ 89,651 $ 92,545 $ 93,984 $ 95,049 $ 100,210 Interest expense 41,361 41,972 37,442 35,153 36,289 Net interest income 48,290 50,573 56,542 59,896 63,921 Wealth Managem
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: 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 27: 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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