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Peapack-Gladstone Financial (PGC) Financials

Peapack-Gladstone Financial logo
$28.90 +0.11 (+0.38%)
Closing price 04:00 PM Eastern
Extended Trading
$28.90 0.00 (0.00%)
As of 07:33 PM Eastern
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Annual Income Statements for Peapack-Gladstone Financial

Annual Income Statements for Peapack-Gladstone Financial

This table shows Peapack-Gladstone Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 74 49 33
Consolidated Net Income / (Loss)		 74 49 33
Net Income / (Loss) Continuing Operations		 74 49 33
Total Pre-Tax Income 		102 67 45
Total Revenue		 242 230 228
Net Interest Income / (Expense)		 176 156 149
Total Interest Income		 212 304 328
Loans and Leases Interest Income		 195 278 291
Investment Securities Interest Income		 14 20 23
Deposits and Money Market Investments Interest Income		 2.76 6.08 14
Total Interest Expense		 36 148 179
Deposits Interest Expense		 29 123 168
Short-Term Borrowings Interest Expense		 0.60 18 3.85
Long-Term Debt Interest Expense		 5.45 6.65 6.64
Other Interest Expense		 0.25 0.19 0.09
Total Non-Interest Income		 66 74 79
Other Service Charges		 66 70 75
Net Realized & Unrealized Capital Gains on Investments		 -1.06 2.71 2.23
Other Non-Interest Income		 1.24 1.27 1.56
Provision for Credit Losses		 6.35 14 7.50
Total Non-Interest Expense		 134 148 176
Salaries and Employee Benefits		 89 101 122
Net Occupancy & Equipment Expense		 19 20 22
Other Operating Expenses		 26 28 31
Other Special Charges		 0.00 0.00 0.00
Income Tax Expense		 28 18 12
Basic Earnings per Share		 $4.09 $2.74 $1.87
Weighted Average Basic Shares Outstanding		 17.83M 17.75M 17.60M
Diluted Earnings per Share		 $4.00 $2.71 $1.85
Weighted Average Diluted Shares Outstanding		 17.83M 17.75M 17.60M
Weighted Average Basic & Diluted Shares Outstanding		 17.83M 17.75M 17.60M

Quarterly Income Statements for Peapack-Gladstone Financial

This table shows Peapack-Gladstone Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Consolidated Net Income / (Loss)		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Net Income / (Loss) Continuing Operations		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Total Pre-Tax Income 		28 30 25 18 13 12 12 9.56 11 12
Total Revenue		 62 65 62 57 56 54 53 57 57 62
Net Interest Income / (Expense)		 46 48 44 39 37 37 34 35 38 42
Total Interest Income		 55 64 70 75 78 80 79 79 83 86
Loans and Leases Interest Income		 51 59 64 68 72 73 73 72 73 73
Investment Securities Interest Income		 2.87 3.87 4.48 4.91 5.18 5.20 5.14 5.17 6.11 6.99
Deposits and Money Market Investments Interest Income		 1.16 1.26 1.54 1.45 1.46 1.62 1.52 2.42 3.98 5.72
Total Interest Expense		 9.49 16 27 36 42 44 45 44 46 44
Deposits Interest Expense		 8.04 14 24 29 34 37 40 42 44 43
Long-Term Debt Interest Expense		 1.36 1.36 1.64 1.60 1.73 1.69 1.68 1.69 1.69 1.59
Other Interest Expense		 0.06 0.06 0.05 0.05 0.05 0.04 0.04 0.02 0.02 0.01
Total Non-Interest Income		 16 17 18 19 19 18 19 22 19 20
Other Service Charges		 16 16 17 18 19 16 18 21 18 19
Net Realized & Unrealized Capital Gains on Investments		 0.11 0.68 1.10 0.64 0.12 0.84 0.35 0.42 0.85 0.61
Other Non-Interest Income		 0.30 0.32 0.30 0.31 0.31 0.36 0.50 0.33 0.39 0.34
Provision for Credit Losses		 0.60 1.93 1.51 1.70 5.86 5.03 0.63 3.91 1.22 1.74
Total Non-Interest Expense		 34 33 36 38 37 38 40 43 45 48
Salaries and Employee Benefits		 23 22 25 26 25 24 28 30 31 33
Net Occupancy & Equipment Expense		 4.53 4.90 4.37 4.73 5.21 5.42 5.08 5.78 5.63 6.00
Other Operating Expenses		 6.37 6.03 6.61 6.61 6.94 7.88 6.48 7.47 7.97 8.95
Income Tax Expense		 7.62 8.93 6.60 4.96 3.85 3.02 3.78 2.03 3.16 3.00
Basic Earnings per Share		 $1.11 $1.15 $1.03 $0.73 $0.49 $0.49 $0.49 $0.42 $0.43 $0.53
Weighted Average Basic Shares Outstanding		 18.07M 17.83M 17.84M 17.93M 17.86M 17.75M 17.71M 17.75M 17.62M 17.60M
Diluted Earnings per Share		 $1.09 $1.12 $1.01 $0.73 $0.49 $0.48 $0.48 $0.42 $0.43 $0.52
Weighted Average Diluted Shares Outstanding		 18.42M 17.83M 18.26M 18.08M 18.01M 17.75M 17.81M 17.79M 17.70M 17.60M
Weighted Average Basic & Diluted Shares Outstanding		 17.92M 17.83M 18.02M 17.89M 17.82M 17.75M 17.77M 17.68M 17.59M 17.60M

Annual Cash Flow Statements for Peapack-Gladstone Financial

This table details how cash moves in and out of Peapack-Gladstone Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 43 -2.40 204
Net Cash From Operating Activities		 119 70 71
Net Cash From Continuing Operating Activities		 119 70 71
Net Income / (Loss) Continuing Operations		 74 49 33
Consolidated Net Income / (Loss)		 74 49 33
Provision For Loan Losses		 6.35 14 7.50
Depreciation Expense		 3.48 3.69 3.54
Amortization Expense		 4.52 2.18 1.62
Non-Cash Adjustments to Reconcile Net Income		 26 3.81 -11
Changes in Operating Assets and Liabilities, net		 3.81 -2.55 37
Net Cash From Investing Activities		 -356 -147 -303
Net Cash From Continuing Investing Activities		 -356 -147 -304
Purchase of Property, Leasehold Improvements and Equipment		 -3.52 -3.28 -8.10
Purchase of Investment Securities		 -953 -899 -1,024
Sale of Property, Leasehold Improvements and Equipment		 0.28 -0.01 0.43
Sale and/or Maturity of Investments		 600 755 727
Net Cash From Financing Activities		 280 75 436
Net Cash From Continuing Financing Activities		 280 75 436
Net Change in Deposits		 -61 69 855
Issuance of Debt		 0.00 0.00 0.00
Issuance of Preferred Equity		 0.00 0.00 -4.34
Repayment of Debt		 380 24 -404
Repurchase of Common Equity		 -33 -12 -7.19
Payment of Dividends		 -3.65 -3.56 -3.53
Other Financing Activities, Net		 -1.74 -2.19 -0.02
Cash Interest Paid		 33 141 171
Cash Income Taxes Paid		 25 18 18

Quarterly Cash Flow Statements for Peapack-Gladstone Financial

This table details how cash moves in and out of Peapack-Gladstone Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -45 82 61 -80 16 -0.20 7.17 121 177 -101
Net Cash From Operating Activities		 35 13 39 5.03 25 1.32 19 0.85 25 26
Net Cash From Continuing Operating Activities		 35 13 39 12 18 1.32 19 0.85 25 26
Net Income / (Loss) Continuing Operations		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Consolidated Net Income / (Loss)		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Provision For Loan Losses		 0.60 1.93 1.51 1.70 5.86 5.03 0.63 3.91 1.22 1.74
Depreciation Expense		 0.86 0.92 0.88 - - 0.97 0.97 0.89 0.84 0.85
Amortization Expense		 1.33 0.77 0.60 - - 0.46 0.43 0.43 0.40 0.36
Non-Cash Adjustments to Reconcile Net Income		 4.10 -3.27 1.73 18 -13 -3.15 -1.22 0.28 -4.12 -6.40
Changes in Operating Assets and Liabilities, net		 8.38 -7.63 16 -19 11 -11 9.67 -12 19 21
Net Cash From Investing Activities		 2.37 -179 -75 -75 -51 53 79 62 -124 -321
Net Cash From Continuing Investing Activities		 2.37 -179 -75 -70 -56 53 79 62 -124 -322
Purchase of Property, Leasehold Improvements and Equipment		 -1.65 -0.79 -0.64 -0.74 -0.92 -0.98 -1.11 -1.28 -1.68 -4.03
Purchase of Investment Securities		 -103 -322 -261 -202 -300 -137 -115 -117 -309 -484
Sale of Property, Leasehold Improvements and Equipment		 - 0.28 -0.01 - - - - - 0.13 0.29
Sale and/or Maturity of Investments		 107 144 187 132 245 191 194 180 186 166
Net Cash From Financing Activities		 -83 247 97 -9.91 43 -55 -91 58 276 193
Net Cash From Continuing Financing Activities		 -83 247 97 -116 148 -55 -91 58 276 193
Net Change in Deposits		 -105 -94 104 -110 61 15 203 179 279 194
Issuance of Preferred Equity		 - - - - 0.00 -0.07 - - - -4.34
Payment of Dividends		 -0.91 -0.90 -0.88 -0.89 -0.89 -0.89 -0.89 -0.89 -0.88 -0.87
Other Financing Activities, Net		 0.23 0.12 -2.08 -0.59 0.23 0.25 -5.59 0.77 0.26 4.54
Cash Interest Paid		 7.54 16 21 37 39 44 36 45 44 46
Cash Income Taxes Paid		 10 8.69 0.20 3.12 6.35 8.81 1.25 - 13 3.92

Annual Balance Sheets for Peapack-Gladstone Financial

This table presents Peapack-Gladstone Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 6,354 6,477 7,011
Cash and Due from Banks		 5.94 5.89 8.49
Federal Funds Sold		 0.00 0.00 0.00
Interest Bearing Deposits at Other Banks		 184 182 383
Trading Account Securities		 657 658 899
Loans and Leases, Net of Allowance		 5,224 -66 -73
Allowance for Loan and Lease Losses		 61 66 73
Loans Held for Sale		 0.00 0.10 8.59
Premises and Equipment, Net		 24 24 29
Goodwill		 36 36 36
Intangible Assets		 11 9.80 8.71
Other Assets		 211 5,626 5,711
Total Liabilities & Shareholders' Equity		 6,354 6,477 7,011
Total Liabilities		 5,821 5,893 6,405
Non-Interest Bearing Deposits		 1,246 958 1,113
Interest Bearing Deposits		 3,959 4,316 5,016
Short-Term Debt		 380 404 0.00
Long-Term Debt		 133 133 134
Other Long-Term Liabilities		 103 82 143
Total Equity & Noncontrolling Interests		 533 584 606
Total Preferred & Common Equity		 533 584 606
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 533 584 606
Common Stock		 18 18 18
Retained Earnings		 349 394 424
Treasury Stock		 -98 -110 -118
Accumulated Other Comprehensive Income / (Loss)		 -74 -65 -66
Other Equity Adjustments		 339 347 348

Quarterly Balance Sheets for Peapack-Gladstone Financial

This table presents Peapack-Gladstone Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 6,087 6,480 6,480 6,522 6,409 6,505 6,794
Cash and Due from Banks		 5.07 6.51 4.86 7.40 5.77 5.59 8.13
Interest Bearing Deposits at Other Banks		 103 245 167 180 189 310 485
Trading Account Securities		 601 681 664 630 670 710 786
Loans and Leases, Net of Allowance		 5,118 5,303 5,372 5,418 5,290 -68 -71
Allowance for Loan and Lease Losses		 60 62 63 69 66 68 71
Loans Held for Sale		 1.33 14 14 0.00 6.07 8.30 0.56
Premises and Equipment, Net		 24 24 24 24 24 25 26
Goodwill		 36 36 36 36 36 36 36
Intangible Assets		 11 11 10 10 9.53 9.26 8.99
Other Assets		 187 160 187 215 177 5,466 5,515
Total Liabilities & Shareholders' Equity		 6,087 6,480 6,480 6,522 6,409 6,505 6,794
Total Liabilities		 5,572 5,925 5,915 5,963 5,826 5,917 6,186
Non-Interest Bearing Deposits		 1,318 1,097 1,024 947 915 950 1,080
Interest Bearing Deposits		 3,981 4,212 4,174 4,312 4,562 4,706 4,856
Short-Term Debt		 32 379 485 471 119 0.00 0.00
Long-Term Debt		 133 133 133 133 133 133 133
Other Long-Term Liabilities		 107 104 98 99 97 127 117
Total Equity & Noncontrolling Interests		 516 555 565 559 582 588 608
Total Preferred & Common Equity		 516 555 565 559 582 588 608
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 516 555 565 559 582 588 608
Common Stock		 17 18 18 18 18 18 18
Retained Earnings		 329 366 379 386 402 408 415
Treasury Stock		 -93 -101 -105 -108 -113 -115 -118
Accumulated Other Comprehensive Income / (Loss)		 -75 -67 -68 -82 -68 -68 -55
Other Equity Adjustments		 337 339 342 345 343 345 347

Annual Metrics And Ratios for Peapack-Gladstone Financial

This table displays calculated financial ratios and metrics derived from Peapack-Gladstone Financial's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 15.31% -5.29% -0.67%
EBITDA Growth		 23.60% -33.70% -31.50%
EBIT Growth		 31.78% -34.26% -33.19%
NOPAT Growth		 31.13% -34.20% -32.48%
Net Income Growth		 31.13% -34.20% -32.48%
EPS Growth		 36.52% -32.25% -31.73%
Operating Cash Flow Growth		 57.56% -41.06% 1.46%
Free Cash Flow Firm Growth		 -387.99% 90.96% 1,668.43%
Invested Capital Growth		 53.96% 7.20% -34.03%
Revenue Q/Q Growth		 3.71% -4.41% 3.43%
EBITDA Q/Q Growth		 7.65% -19.88% 0.79%
EBIT Q/Q Growth		 9.39% -21.00% 1.39%
NOPAT Q/Q Growth		 8.35% -19.69% 1.98%
Net Income Q/Q Growth		 8.35% -19.69% 1.98%
EPS Q/Q Growth		 9.29% -19.10% 2.21%
Operating Cash Flow Q/Q Growth		 5.61% -14.61% 54.70%
Free Cash Flow Firm Q/Q Growth		 -361.18% 93.73% -8.73%
Invested Capital Q/Q Growth		 53.57% -3.61% -0.23%
Profitability Metrics		 - - -
EBITDA Margin		 45.50% 31.85% 21.96%
EBIT Margin		 42.20% 29.30% 19.70%
Profit (Net Income) Margin		 30.62% 21.27% 14.46%
Tax Burden Percent		 72.55% 72.61% 73.38%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 27.45% 27.39% 26.62%
Return on Invested Capital (ROIC)		 8.61% 4.51% 3.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.61% 4.51% 3.55%
Return on Net Nonoperating Assets (RNNOA)		 5.15% 4.24% 2.00%
Return on Equity (ROE)		 13.76% 8.75% 5.55%
Cash Return on Invested Capital (CROIC)		 -33.88% -2.44% 44.55%
Operating Return on Assets (OROA)		 1.65% 1.05% 0.67%
Return on Assets (ROA)		 1.19% 0.76% 0.49%
Return on Common Equity (ROCE)		 13.76% 8.75% 5.55%
Return on Equity Simple (ROE_SIMPLE)		 13.93% 8.37% 5.44%
Net Operating Profit after Tax (NOPAT)		 74 49 33
NOPAT Margin		 30.62% 21.27% 14.46%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.62% 52.36% 63.48%
Operating Expenses to Revenue		 55.18% 64.57% 77.01%
Earnings before Interest and Taxes (EBIT)		 102 67 45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 110 73 50
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.23 0.90 0.93
Price to Tangible Book Value (P/TBV)		 1.35 0.98 1.00
Price to Revenue (P/Rev)		 2.71 2.29 2.47
Price to Earnings (P/E)		 8.84 10.78 17.06
Dividend Yield		 0.55% 0.68% 0.63%
Earnings Yield		 11.31% 9.28% 5.86%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.78 0.41
Enterprise Value to Revenue (EV/Rev)		 4.04 3.81 1.34
Enterprise Value to EBITDA (EV/EBITDA)		 8.87 11.98 6.09
Enterprise Value to EBIT (EV/EBIT)		 9.56 13.02 6.78
Enterprise Value to NOPAT (EV/NOPAT)		 13.18 17.93 9.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.23 12.50 4.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.74
Leverage & Solvency		 - - -
Debt to Equity		 0.96 0.92 0.22
Long-Term Debt to Equity		 0.25 0.23 0.22
Financial Leverage		 0.60 0.94 0.56
Leverage Ratio		 11.52 11.49 11.34
Compound Leverage Factor		 11.52 11.49 11.34
Debt to Total Capital		 49.02% 47.92% 18.06%
Short-Term Debt to Total Capital		 36.30% 36.03% 0.00%
Long-Term Debt to Total Capital		 12.72% 11.89% 18.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 50.98% 52.08% 81.94%
Debt to EBITDA		 4.64 7.34 2.67
Net Debt to EBITDA		 2.92 4.78 -5.15
Long-Term Debt to EBITDA		 1.21 1.82 2.67
Debt to NOPAT		 6.90 10.99 4.05
Net Debt to NOPAT		 4.34 7.15 -7.82
Long-Term Debt to NOPAT		 1.79 2.73 4.05
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -292 -26 414
Operating Cash Flow to CapEx		 3,669.78% 2,135.93% 927.15%
Free Cash Flow to Firm to Interest Expense		 -8.16 -0.18 2.32
Operating Cash Flow to Interest Expense		 3.32 0.47 0.40
Operating Cash Flow Less CapEx to Interest Expense		 3.23 0.45 0.35
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.03
Fixed Asset Turnover		 10.35 9.57 8.60
Capital & Investment Metrics		 - - -
Invested Capital		 1,045 1,121 739
Invested Capital Turnover		 0.28 0.21 0.25
Increase / (Decrease) in Invested Capital		 366 75 -381
Enterprise Value (EV)		 979 876 305
Market Capitalization		 656 527 563
Book Value per Share		 $29.74 $32.76 $34.45
Tangible Book Value per Share		 $27.10 $30.17 $31.90
Total Capital		 1,045 1,121 739
Total Debt		 513 537 134
Total Long-Term Debt		 133 133 134
Net Debt		 322 349 -258
Capital Expenditures (CapEx)		 3.24 3.28 7.67
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 513 537 134
Total Depreciation and Amortization (D&A)		 8.00 5.87 5.16
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $4.09 $2.74 $1.87
Adjusted Weighted Average Basic Shares Outstanding		 17.83M 17.75M 17.60M
Adjusted Diluted Earnings per Share		 $4.00 $2.71 $1.85
Adjusted Weighted Average Diluted Shares Outstanding		 17.83M 17.75M 17.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.83M 17.75M 17.60M
Normalized Net Operating Profit after Tax (NOPAT)		 74 49 33
Normalized NOPAT Margin		 30.62% 21.27% 14.46%
Pre Tax Income Margin		 42.20% 29.30% 19.70%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 2.86 0.45 0.25
NOPAT to Interest Expense		 2.07 0.33 0.18
EBIT Less CapEx to Interest Expense		 2.77 0.43 0.21
NOPAT Less CapEx to Interest Expense		 1.98 0.31 0.14
Payout Ratios		 - - -
Dividend Payout Ratio		 4.91% 7.28% 10.70%
Augmented Payout Ratio		 48.98% 32.86% 32.49%

Quarterly Metrics And Ratios for Peapack-Gladstone Financial

This table displays calculated financial ratios and metrics derived from Peapack-Gladstone Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 16.83% 15.44% 14.17% -6.36% -9.75% -16.32% -14.44% -1.56% 1.34% 13.95%
EBITDA Growth		 36.26% 33.55% 31.59% -37.82% -57.91% -58.16% -47.75% -39.93% -4.93% 3.00%
EBIT Growth		 44.47% 42.41% 40.23% -33.65% -54.59% -60.61% -50.27% -47.21% -14.71% 5.29%
NOPAT Growth		 42.02% 38.53% 36.56% -34.60% -56.50% -58.21% -52.98% -42.72% -13.34% 7.45%
Net Income Growth		 42.02% 38.53% 36.56% -34.60% -56.50% -58.21% -52.98% -42.72% -13.34% 7.45%
EPS Growth		 47.30% 43.59% 42.25% -32.41% -55.05% -57.14% -52.48% -42.47% -12.24% 8.33%
Operating Cash Flow Growth		 143.65% 90.17% 26.13% -87.20% -30.09% -90.11% -51.00% -83.05% -0.22% 1,910.49%
Free Cash Flow Firm Growth		 288.29% -679.45% -320.35% -525.60% -845.57% 80.72% 188.92% 190.74% 190.71% 685.84%
Invested Capital Growth		 -5.99% 53.96% 37.07% 81.20% 70.79% 7.20% -21.71% -39.02% -36.26% -34.03%
Revenue Q/Q Growth		 0.83% 4.76% -4.34% -7.32% -2.83% -2.87% -2.19% 6.63% 0.04% 9.21%
EBITDA Q/Q Growth		 2.78% 4.23% -15.31% -31.47% -30.42% 3.60% 5.78% -21.22% 10.13% 12.24%
EBIT Q/Q Growth		 1.67% 6.35% -15.45% -27.42% -30.42% -7.75% 6.75% -22.95% 12.41% 13.88%
NOPAT Q/Q Growth		 0.13% 2.25% -10.81% -28.38% -33.40% -1.78% 0.37% -12.76% 0.76% 21.79%
Net Income Q/Q Growth		 0.13% 2.25% -10.81% -28.38% -33.40% -1.78% 0.37% -12.76% 0.76% 21.79%
EPS Q/Q Growth		 0.93% 2.75% -9.82% -27.72% -32.88% -2.04% 0.00% -12.50% 2.38% 20.93%
Operating Cash Flow Q/Q Growth		 -9.92% -62.39% 192.99% -87.11% 392.02% -94.68% 1,352.05% -95.54% 2,797.18% 7.19%
Free Cash Flow Firm Q/Q Growth		 -47.78% -644.90% 21.88% -91.45% 8.52% 85.91% 460.32% 95.37% -8.55% -9.00%
Invested Capital Q/Q Growth		 4.23% 53.57% 2.04% 10.94% -1.76% -3.61% -25.48% -13.59% 2.68% -0.23%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 48.35% 48.11% 42.59% 31.49% 22.55% 24.05% 26.01% 19.22% 21.16% 21.74%
EBIT Margin		 44.82% 45.50% 40.22% 31.49% 22.55% 21.42% 23.38% 16.89% 18.98% 19.79%
Profit (Net Income) Margin		 32.51% 31.73% 29.59% 22.86% 15.67% 15.85% 16.26% 13.30% 13.40% 14.94%
Tax Burden Percent		 72.53% 69.74% 73.57% 72.59% 69.48% 73.98% 69.56% 78.77% 70.60% 75.50%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 27.47% 30.26% 26.43% 27.41% 30.52% 26.02% 30.44% 21.23% 29.40% 24.50%
Return on Invested Capital (ROIC)		 10.82% 8.92% 8.02% 6.13% 4.08% 3.36% 3.77% 3.07% 3.10% 3.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.82% 8.92% 8.02% 6.13% 4.08% 3.36% 3.77% 3.07% 3.10% 3.67%
Return on Net Nonoperating Assets (RNNOA)		 3.54% 5.33% 5.71% 4.24% 2.92% 3.16% 2.54% 2.00% 1.96% 2.07%
Return on Equity (ROE)		 14.36% 14.26% 13.73% 10.38% 7.01% 6.52% 6.31% 5.07% 5.07% 5.73%
Cash Return on Invested Capital (CROIC)		 15.92% -33.88% -22.70% -49.89% -45.68% -2.44% 28.47% 52.00% 47.69% 44.55%
Operating Return on Assets (OROA)		 1.70% 1.78% 1.58% 1.23% 0.86% 0.77% 0.80% 0.57% 0.63% 0.67%
Return on Assets (ROA)		 1.23% 1.24% 1.16% 0.89% 0.60% 0.57% 0.56% 0.45% 0.44% 0.51%
Return on Common Equity (ROCE)		 14.36% 14.26% 13.73% 10.38% 7.01% 6.52% 6.31% 5.07% 5.07% 5.73%
Return on Equity Simple (ROE_SIMPLE)		 13.29% 0.00% 14.26% 12.78% 10.88% 0.00% 6.72% 5.70% 5.32% 0.00%
Net Operating Profit after Tax (NOPAT)		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
NOPAT Margin		 32.51% 31.73% 29.59% 22.86% 15.67% 15.85% 16.26% 13.30% 13.40% 14.94%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.92% 42.23% 46.68% 54.06% 54.55% 54.80% 63.22% 63.01% 64.79% 62.92%
Operating Expenses to Revenue		 54.21% 51.52% 57.34% 65.56% 66.97% 69.32% 75.44% 76.20% 78.86% 77.40%
Earnings before Interest and Taxes (EBIT)		 28 30 25 18 13 12 12 9.56 11 12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 30 31 26 18 13 13 14 11 12 13
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.17 1.23 0.94 0.86 0.81 0.90 0.74 0.68 0.80 0.93
Price to Tangible Book Value (P/TBV)		 1.29 1.35 1.03 0.93 0.89 0.98 0.80 0.74 0.86 1.00
Price to Revenue (P/Rev)		 2.58 2.71 2.09 1.96 1.89 2.29 1.95 1.83 2.19 2.47
Price to Earnings (P/E)		 8.81 8.84 6.59 6.69 7.47 10.78 10.99 11.98 14.96 17.06
Dividend Yield		 0.60% 0.55% 0.68% 0.75% 0.79% 0.68% 0.83% 0.88% 0.73% 0.63%
Earnings Yield		 11.36% 11.31% 15.17% 14.94% 13.38% 9.28% 9.10% 8.34% 6.68% 5.86%
Enterprise Value to Invested Capital (EV/IC)		 0.97 0.94 0.73 0.79 0.75 0.78 0.58 0.30 0.17 0.41
Enterprise Value to Revenue (EV/Rev)		 2.82 4.04 3.13 3.78 3.62 3.81 2.21 1.00 0.57 1.34
Enterprise Value to EBITDA (EV/EBITDA)		 6.44 8.87 6.71 9.27 9.53 11.98 8.06 4.75 2.51 6.09
Enterprise Value to EBIT (EV/EBIT)		 7.06 9.56 7.14 9.27 10.22 13.02 8.92 4.75 2.81 6.78
Enterprise Value to NOPAT (EV/NOPAT)		 9.64 13.18 9.88 12.88 14.31 17.93 12.48 6.54 3.86 9.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.87 8.23 6.16 10.03 10.61 12.50 9.73 4.77 2.71 4.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.90 0.00 0.00 0.00 0.00 0.00 1.80 0.44 0.27 0.74
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.32 0.96 0.92 1.09 1.08 0.92 0.43 0.23 0.22 0.22
Long-Term Debt to Equity		 0.26 0.25 0.24 0.24 0.24 0.23 0.23 0.23 0.22 0.22
Financial Leverage		 0.33 0.60 0.71 0.69 0.72 0.94 0.67 0.65 0.63 0.56
Leverage Ratio		 11.65 11.52 11.81 11.64 11.73 11.49 11.33 11.26 11.41 11.34
Compound Leverage Factor		 11.65 11.52 11.81 11.64 11.73 11.49 11.33 11.26 11.41 11.34
Debt to Total Capital		 24.28% 49.02% 47.98% 52.26% 51.93% 47.92% 30.27% 18.49% 18.01% 18.06%
Short-Term Debt to Total Capital		 4.75% 36.30% 35.51% 41.01% 40.47% 36.03% 14.31% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 19.52% 12.72% 12.47% 11.25% 11.46% 11.89% 15.97% 18.49% 18.01% 18.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.72% 50.98% 52.02% 47.74% 48.07% 52.08% 69.73% 81.51% 81.99% 81.94%
Debt to EBITDA		 1.61 4.64 4.39 6.17 6.61 7.34 4.18 2.89 2.69 2.67
Net Debt to EBITDA		 0.56 2.92 2.23 4.45 4.56 4.78 0.96 -3.95 -7.22 -5.15
Long-Term Debt to EBITDA		 1.30 1.21 1.14 1.33 1.46 1.82 2.20 2.89 2.69 2.67
Debt to NOPAT		 2.41 6.90 6.47 8.57 9.93 10.99 6.46 3.98 4.13 4.05
Net Debt to NOPAT		 0.83 4.34 3.29 6.19 6.84 7.15 1.48 -5.44 -11.10 -7.82
Long-Term Debt to NOPAT		 1.94 1.79 1.68 1.84 2.19 2.73 3.41 3.98 4.13 4.05
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 63 -346 -270 -517 -473 -67 240 469 429 391
Operating Cash Flow to CapEx		 2,149.94% 2,609.80% 6,008.78% 684.08% 2,691.95% 134.56% 1,726.20% 66.41% 1,591.49% 706.68%
Free Cash Flow to Firm to Interest Expense		 6.69 -21.40 -10.19 -14.40 -11.27 -1.53 5.36 10.62 9.43 8.83
Operating Cash Flow to Interest Expense		 3.73 0.82 1.47 0.14 0.59 0.03 0.43 0.02 0.54 0.60
Operating Cash Flow Less CapEx to Interest Expense		 3.56 0.79 1.45 0.12 0.57 0.01 0.40 -0.01 0.51 0.51
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 9.97 10.35 10.71 10.57 10.06 9.57 9.14 9.02 8.88 8.60
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 681 1,045 1,067 1,184 1,163 1,121 835 722 741 739
Invested Capital Turnover		 0.33 0.28 0.27 0.27 0.26 0.21 0.23 0.23 0.23 0.25
Increase / (Decrease) in Invested Capital		 -43 366 289 530 482 75 -232 -462 -422 -381
Enterprise Value (EV)		 660 979 782 930 870 876 488 219 125 305
Market Capitalization		 603 656 522 483 455 527 430 402 484 563
Book Value per Share		 $28.34 $29.74 $31.13 $31.36 $31.25 $32.76 $32.81 $33.11 $34.37 $34.45
Tangible Book Value per Share		 $25.72 $27.10 $28.50 $28.78 $28.66 $30.17 $30.23 $30.56 $31.81 $31.90
Total Capital		 681 1,045 1,067 1,184 1,163 1,121 835 722 741 739
Total Debt		 165 513 512 618 604 537 253 133 133 134
Total Long-Term Debt		 133 133 133 133 133 133 133 133 133 134
Net Debt		 57 322 261 447 416 349 58 -182 -359 -258
Capital Expenditures (CapEx)		 1.65 0.51 0.65 0.74 0.92 0.98 1.11 1.28 1.55 3.74
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 165 513 512 618 604 537 253 133 133 134
Total Depreciation and Amortization (D&A)		 2.19 1.69 1.47 0.00 0.00 1.43 1.40 1.32 1.23 1.21
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.11 $1.15 $1.03 $0.73 $0.49 $0.49 $0.49 $0.42 $0.43 $0.53
Adjusted Weighted Average Basic Shares Outstanding		 18.07M 17.83M 17.84M 17.93M 17.86M 17.75M 17.71M 17.75M 17.62M 17.60M
Adjusted Diluted Earnings per Share		 $1.09 $1.12 $1.01 $0.73 $0.49 $0.48 $0.48 $0.42 $0.43 $0.52
Adjusted Weighted Average Diluted Shares Outstanding		 18.42M 17.83M 18.26M 18.08M 18.01M 17.75M 17.81M 17.79M 17.70M 17.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.92M 17.83M 18.02M 17.89M 17.82M 17.75M 17.77M 17.68M 17.59M 17.60M
Normalized Net Operating Profit after Tax (NOPAT)		 20 21 18 13 8.76 8.60 8.63 7.53 7.59 9.24
Normalized NOPAT Margin		 32.51% 31.73% 29.59% 22.86% 15.67% 15.85% 16.26% 13.30% 13.40% 14.94%
Pre Tax Income Margin		 44.82% 45.50% 40.22% 31.49% 22.55% 21.42% 23.38% 16.89% 18.98% 19.79%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.92 1.83 0.94 0.50 0.30 0.27 0.28 0.22 0.24 0.28
NOPAT to Interest Expense		 2.12 1.27 0.69 0.37 0.21 0.20 0.19 0.17 0.17 0.21
EBIT Less CapEx to Interest Expense		 2.75 1.79 0.92 0.48 0.28 0.24 0.25 0.19 0.20 0.19
NOPAT Less CapEx to Interest Expense		 1.95 1.24 0.67 0.35 0.19 0.18 0.17 0.14 0.13 0.12
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 5.37% 4.91% 4.56% 4.96% 5.86% 7.28% 9.10% 10.62% 10.97% 10.70%
Augmented Payout Ratio		 58.99% 48.98% 35.38% 36.35% 31.45% 32.86% 39.94% 39.04% 39.72% 32.49%

Key Financial Trends

Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has shown steady growth and solid financial performance over the past several years, based on the analysis of its quarterly financial statements through Q4 2024.

Key Positives for Peapack-Gladstone Financial:

  • Consistent increase in net interest income from $43.9 million in Q1 2023 to $41.9 million in Q4 2024, reflecting strong core banking earnings.
  • Non-interest income has grown steadily, with other service charges rising to $18.9 million in Q4 2024 from $16.7 million in Q1 2023, enhancing revenue diversification.
  • Net income attributable to common shareholders increased from $8.6 million in Q1 2024 to $9.2 million in Q4 2024, indicating improving profitability.
  • Diluted earnings per share has generally improved from $0.48 in Q1 2024 to $0.52 in Q4 2024, signaling earnings growth on a per-share basis.
  • Operating cash flow has been robust, with net cash from continuing operating activities reaching $26.5 million in Q4 2024, supporting liquidity and operational strength.
  • Deposits increased significantly, with a net increase of $193.6 million in Q4 2024, demonstrating customer deposit growth and funding stability.
  • Equity base strengthened over time, with common equity rising from about $515 million in Q3 2022 to approximately $607 million by Q3 2024, supporting capitalization.
  • Regular dividend payments maintained, supporting shareholder return with dividends around $850K to $900K per quarter in 2024.
  • Allowance for loan and lease losses has been managed prudently relative to the size of the loan portfolio, suggesting controlled credit risk.

Neutral Aspects:

  • Balance sheet growth shows increasing total assets from about $6.08 billion in Q3 2022 to about $6.79 billion in Q3 2024, consistent with business growth but requiring monitoring of asset quality.
  • Capital expenditures on property, leasehold improvements, and equipment are moderate and consistent, indicating ongoing investment without aggressive expansion.
  • Fluctuations in investment securities purchases and sales reflect active portfolio management but require ongoing evaluation for impacts on interest income and realized gains.
  • Long-term debt levels have remained stable around $133 million, showing no significant increase but implying fixed interest expense obligations.
  • Total interest expense has increased slightly in line with deposit growth, reflecting higher cost of funds in a rising interest rate environment.

Potential Concerns/Negatives:

  • Provision for credit losses shows some volatility, with higher provisions noted in certain quarters (e.g., $3.9 million in Q2 2024 and $1.7 million in Q4 2024), which could indicate some pressure on credit quality.
  • Net cash from investing activities has been negative each quarter, ranging from -$17.9 million in Q4 2022 up to -$321.6 million in Q4 2024, driven by investment security purchases exceeding sales; this impacts liquidity if sustained.
  • Share repurchases continue, which could limit cash available for other uses, with tens of millions spent on repurchases over recent quarters.
  • Earnings per share growth is moderate but has not matched earlier rapid increases from 2022, indicating possible earnings pressure or market challenges.
  • Accumulated other comprehensive income remains negative and growing in absolute terms, reflecting unrealized losses or other equity adjustments that could pressure book value.

Summary: Peapack-Gladstone Financial has shown solid financial performance over the past several years, characterized by steady growth in interest and non-interest income, improving profitability, and strong operating cash flows. The company's balance sheet has expanded with growing deposits and equity, supporting its financial foundation. However, investors should watch credit loss provisions, ongoing investment activity that consumes cash, and equity adjustments closely. Overall, Peapack-Gladstone displays a stable and growing financial institution with solid fundamentals and controlled risks.

08/29/25 12:47 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Peapack-Gladstone Financial's Financials

When does Peapack-Gladstone Financial's fiscal year end?

According to the most recent income statement we have on file, Peapack-Gladstone Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Peapack-Gladstone Financial's net income changed over the last 2 years?

Peapack-Gladstone Financial's net income appears to be on a downward trend, with a most recent value of $32.99 million in 2024, falling from $74.25 million in 2022. The previous period was $48.85 million in 2023. See Peapack-Gladstone Financial's forecast for analyst expectations on what’s next for the company.

How has Peapack-Gladstone Financial's revenue changed over the last 2 years?

Over the last 2 years, Peapack-Gladstone Financial's total revenue changed from $242.50 million in 2022 to $228.13 million in 2024, a change of -5.9%.

How much debt does Peapack-Gladstone Financial have?

Peapack-Gladstone Financial's total liabilities were at $6.41 billion at the end of 2024, a 8.7% increase from 2023, and a 10.0% increase since 2022.

How much cash does Peapack-Gladstone Financial have?

In the past 2 years, Peapack-Gladstone Financial's cash and equivalents has ranged from $5.89 million in 2023 to $8.49 million in 2024, and is currently $8.49 million as of their latest financial filing in 2024.

How has Peapack-Gladstone Financial's book value per share changed over the last 2 years?

Over the last 2 years, Peapack-Gladstone Financial's book value per share changed from 29.74 in 2022 to 34.45 in 2024, a change of 15.8%.


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This page (NASDAQ:PGC) was last updated on 8/28/2025 by MarketBeat.com Staff
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