Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Shareholder Meeting (April 2025)
17 slides from Peapack-gladstone Financial's shareholder meeting presentation, Apr 30, 2025
Slide 1: Welcome to Our Annual Meeting
Welcome to Our Annual Meeting Exhibit 99.1
Slide 2: Forward-looking statements
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 expectations about financial results, new and existing
Slide 3: NYC — 300 Park Avenue Branch
a NYC — 300 Park Avenue Branch | HW) Mt ( ul} M ft AV ™ \ PrEAPACK-GLADSTONE FINANCIAL CORPORATION peapackprivate.com
Slide 4: NYC — Park Avenue Branch
HB NYC — 300 Park Avenue Branch PrEAPACK-GLADSTONE FINANCIAL CORPORATION peapackprivate.com
Slide 5: 2024 Performance Highlights
2024 Performance Highlights Strategic Update Rebranded to “Peapack Private Bank & Trust” on January 1, 2025, a pivotal step in our private banking journey. Balance sheet continues to transform while fully absorbing 100+ new team members as we expand more broadly into metro New York. Metro NY expansi
Slide 6: An Emerging Regional Player
An Emerging Regional Player Green – Deposit Clients Blue – Commercial Loan/Lease Clients Gold – Wealth Management Clients
Slide 7: Net Promoter Score Results
Net Promoter Score Results 81 57 Peapack Private NY C&I (2024) Peapack Private Bank (2024) NPS Scores Best in Class 70+ Excellent 50+ Good 30+ 75 USAA (2023) 73 Amazon (2023) 72 Apple (2022) 31 U.S. Commercial Banks (2024)
Slide 8: An Enviable Wealth Management Business
An Enviable Wealth Management Business See page 17 for notes and important information.
Slide 9: Metro NY Expansion Results through Year-End
Metro NY Expansion Results through Year-End Hiring across critical support areas to support our growth. Investments in products, technology and enhanced processes focused on reducing client friction points and supporting our “branch light” model. 550+ Relationships $948MM Total Deposits 28% Noninter
Slide 10: Balance Sheet Transformation
Balance Sheet Transformation Excellent Liquidity Profile Continuing to rapidly strengthen our liquidity profile. Core relationship deposits grew $1.2B (30%) in 2024 and now fund 96% of loans (compared to 75% just one year ago). Noninterest-bearing deposits grew $155MM (16%) in 2024. $404MM of overni
Slide 11: Net Interest Income
Net Interest Income A Growing Core Deposit Base is Leading to Favorable Income & Margin Expansion Net interest income has grown in each of the last four quarters, driven by successful core deposit growth from both NJ and NY teams combined with rate cuts. NII increased $3.6MM (34% annualized) on a li
Slide 12: Wealth Management
Wealth Management Strong Operating Margin; Proven Asset Growth AUM/AUA (in millions) Revenue (in millions) $11.9B AUM/AUA 36% EBITDA Margin 2024 FY 11% Revenue CAGR1 $4.2MM Average Relationship $710MM 2024 Gross New Business Inflows See page 17 for notes and important information.
Slide 13: Diversified Lending Business
Diversified Lending Business Gross Loans1: $5.5 billion See page 17 for notes and important information. $1.2 billion of loan originations2 resulted in $85 million of net loan growth in 2024. Transforming our CRE book by focusing on full relationship borrowings. Weighted average coupon remains favor
Slide 14: Personal Banking Expansion into NYC
Personal Banking Expansion into NYC with Track Record of Successfully Competing against Large Banks Growing New Jersey market share in a shrinking market, continuing to outperform peers NYC4 Deposit Market $2.8 trillion See page 17 for notes and important information. Key Statistics Natural Market A
Slide 15: 1st Quarter Performance Highlights
Net interest income grew $3.6MM (34% annualized) on a linked-quarter basis and $11.1MM (32%) year-over-year, driven by core deposit growth at a favorable mix. Net interest margin increased 22 basis points on a linked-quarter basis to 2.68%; margin is up 48 basis points year-over-year. Loan originati
Slide 16: Summary & Conclusion
PEAPACK-GLADSTONE FINANCIAL CORPORATION PEAPACK PRIVATE Bank & Trust Summary & Conclusion meee a
Slide 17: Notes
Notes 2024 Performance Highlights slide 1) Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. 2) Q4 2024 compared to prior year quarter (Q4 2023). 3) Cash + Cash Equivalents + AFS Securities / Total Assets. 4) Cash + Cash Equivalents + A
Peapack-Gladstone Financial — Shareholder Meeting (April 2025) on 6ix