Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Q4 2025 Earnings Presentation
30 slides from Peapack-gladstone Financial's earnings presentation, Jan 29, 2026
Slide 1: Investor Update Q4 2025
Investor Update Q4 2025 The Q4 2025 Investor Update should be read in conjunction with the Q4 2025 Earnings Release issued on January 29, 2026.
Slide 2: Year in Review: Disciplined Execution
Year in Review: Disciplined Execution Prudent growth and balance sheet management is delivering excellent shareholder value Strong & Growing Balance Sheet Excellent Earnings Momentum Results driven by structural balance sheet improvement, not short-term rate tailwinds. Core Relationship Deposit Grow
Slide 3: Metro New York Expansion Timeline
Metro New York Expansion Timeline Strategic expansion during industry stress creating long-term value March 2023 – July 2023: Three large bank failures and rapid increase in Fed Funds bring industry-wide volatility Earnings inflection following NYC buildout March – Summer 2025: Hired new Head of CRE
Slide 4: Fourth Quarter 2025 Highlights
Fourth Quarter 2025 Highlights Delivering improved earnings & balance sheet momentum Earnings Performance Balance Sheet Momentum $0.69 + 34% + 12% 3.08% + 15% + 8% - 19% + 28% QoQ QoQ QoQ + 27 bps QoQ Q4 Annualized QoQ QoQ EPS PPNR1 Growth Rate NII Growth Rate Net Interest Margin Loan Growth Rate NI
Slide 5: Quarterly Earnings Momentum
Quarterly Earnings Momentum Core earnings growth continuing to deliver shareholder value ($ in millions, except per share data) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Key Observations Net Interest Income $ 41.9 $ 45.5 $ 48.3 $ 50.6 $ 56.5 Wealth Management Fee Income 15.5 15.4 15.9 15.8 16.1 • Cont
Slide 6: Excellent Earnings Improvement YoY
Excellent Earnings Improvement YoY Disciplined growth delivering meaningful operating leverage ($ in millions, except per share data) FY 2024 FY 2025 Variance Key Observations $ % Net Interest Income $ 149.0 $ 200.9 $ 51.9 35% • Delivered strong positive operating leverage year-over-year, Wealth Man
Slide 7: Continued Improvement in Credit Quality
Continued Improvement in Credit Quality Positive credit trends with problem loans well controlled Special Mention Loans / Gross Loans 30-89 Days Past Due / Gross Loans Nonperforming Assets / Total Assets 2.00% 0.75% 2.00% 1.60% 1.49% 1.43% 1.36% 1.13% 1.31% 0.49% 0.48% 1.50% 0.50% 0.42% 0.84% 0.94%
Slide 8: Rent-Regulated Multifamily
Rent-Regulated Multifamily Continues to remain resilient with no evidence of systemic deterioration New York Rent Regulated Multifamily PA Rent Regulated, < 1% (Dollars in Millions) PA Market, NJ Market, Total Balance $854 Ownership Tenure 15% 14% $600 # of Loans 200 Balance ($ millions) Outstanding
Slide 9: Balance Sheet Strength
Balance Sheet Strength A rapidly improving liquidity profile By the Numbers • Purposeful utilization of liquidity in the fourth quarter to fund lending within our core competencies (largely C&I) at strong risk- Year End Year End Year End adjusted spreads. ($ in millions) 2023 2024 2025 • Core relati
Slide 10: Deposit Trends
Deposit Trends Strong growth at a favorable mix and excellent beta ($ in billions) $7 $6.3 $6.4 $6.6 $6.6 $6.1 Key Trends & Impacts $6 $1.7 $1.8 $1.7 $1.6 $5 $1.7 • Core relationship deposits1 increased $828 million (16%) in 2025, and greater than $2 billion (50%) over the last two years. $4 This ha
Slide 11: Loan Trends
Loan Trends Consistent growth focused on our strengths ($ in billions) Loan Growth & Mix • Net loan growth in Q4 totaled $231 million (4%), reflecting continued strength across core lending businesses. • For full-year 2025, loan originations totaled $2.1 billion at a $6.3 6.60% weighted average coup
Slide 12: Net Interest Income
Net Interest Income Consistently delivering positive operating leverage & NII growth Key Observations $60 3.20% 3.08% Eighth consecutive quarter of net interest income growth, driven $55 3.00% by successful core relationship deposit growth1. Net Interest Income ($ millions) 2.81% • NII increased by
Slide 13: Wealth Management Drives Fee Revenue
Wealth Management Drives Fee Revenue Record AUM/AUA and revenue Performance Insights $14 $75 Sustained Long-Term Growth $13.1B • Track record of sustained long-term growth, achieving $11.9B a 12% CAGR over the past seven years and 15% CAGR over $12 the past decade. $11.1B $10.9B $65 Strength and Sca
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: Transformative Year in Review: Investments
Transformative Year in Review: Investments Strategic investments powering 2025 performance and long-term franchise value Talent & Human Capital Infrastructure Investments Service Culture Accountability Revenue-generating talent aligned to core markets Scalable operating model and deposit-led growth
Slide 19: Positioned for Long-Term Growth & Compelling Returns
Positioned for Long-Term Growth & Compelling Returns • Peapack Private is the boutique alternative to large banks in the Metro New York region, with expansion results exceeding expectations and pipelines remaining strong. • Our private banking model is anchored by a scarce and valuable $13.1 billion
Slide 20: Appendix B: Notes & Financial Tables
Appendix B: Notes & Financial Tables
Slide 21: Notes
Notes Year in Review: Accomplishments slide 1) Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. 2) See Non-GAAP Financial Measurement Reconciliation included in these appendices. 3) See Non-GAAP Financial Measurement Reconciliation inc
Slide 22: Balance Sheet & AUM/AUA Summary
Balance Sheet & AUM/AUA Summary (Dollars in Thousands) 12/31/2024 9/30/2025 12/31/2025 ASSETS Cash and cash equivalents $ 391,367 $ 347,186 $ 187,820 Investments - AFS 809,958 781,368 802,267 Investments - HTM 101,635 97,414 95,862 Residential/Consumer 735,363 878,905 895,224 Multifamily mortgage 1,
Slide 23: Asset Quality
Asset Quality (Dollars in Thousands) 12/31/2024 9/30/2025 12/31/2025 Asset Quality: Loans past due over 90 days and still accruing $ — $ — $ — Nonaccrual loans 100,168 84,142 68,243 Other real estate owned — — — Total nonperforming assets $ 100,168 $ 84,142 $ 68,243 Nonperforming loans to total loan
Slide 24: Capital Summary
Capital Summary Capital Adequacy 12/31/2024 9/30/2025 12/31/2025 Equity to total assets 8.64% 8.64% 8.75% 1 Tangible equity to tangible assets 8.05% 8.09% 8.21% Book value per share $ 34.45 $ 36.62 $ 37.49 2 Tangible book value per share $ 31.89 $ 34.10 $ 34.99 Regulatory Capital - Holding Company T
Slide 25: Quarterly Income Statement
Quarterly Income Statement (Dollars in Thousands, except Earnings Per Share) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Interest Income $ 86,166 $ 86,345 $ 89,651 $ 92,545 $ 93,984 Interest Expense 44,258 40,840 41,361 41,972 37,442 Net Interest Income 41,908 45,505 48,290 50,573 56,542 Wealth Manageme
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: Annual Income Statement
Annual Income Statement (Dollars in Thousands, except per share data) 12/31/2024 12/31/2025 Interest Income $ 327,801 $ 362,525 Interest Expense 178,795 161,615 Net Interest Income 149,006 200,910 Wealth Management Fee Income 61,458 63,240 Other Noninterest Income 17,664 18,845 Total Noninterest Inc
Slide 28: 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 29: 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 30: 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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