Peapack-Gladstone Financial Reports Strong 2025 Earnings Growth Driven by Metro New York Expansion
PGC sits 41% above its 52-week low of $23.96.
Summary
Peapack-Gladstone Financial Corporation reported a 13% increase in net income and a 14% rise in diluted EPS for 2025, fueled by significant growth in net interest income and deposits from its metro New York expansion.
Key Events · Earnings and Guidance · PGC
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Strong Financial Performance
Net income increased 13% to $37.3 million, and diluted EPS rose 14% to $2.10 in 2025 compared to 2024.
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Net Interest Income & Margin Growth
Net interest income surged 35% to $200.9 million, with net interest margin expanding by 52 basis points to 2.84%, driven by lower-cost deposits and Federal Reserve rate cuts.
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Deposit and Loan Expansion
Total deposits grew 7.5% to $6.6 billion, including a 28% increase in noninterest-bearing demand deposits. Total loans increased 13% to $6.3 billion, primarily from commercial and residential mortgages.
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Wealth Management Growth
Assets under management and/or administration (AUM) increased 10% to $13.1 billion, contributing 22% of the company's total revenue.
Analysis · PGC · Finance
Peapack-Gladstone Financial Corporation demonstrated robust financial growth in 2025, with double-digit increases in net income and diluted EPS. This performance was largely driven by its successful expansion into the metro New York market, which significantly boosted lower-cost core deposits and led to a substantial rise in net interest income and an improved net interest margin. While nonperforming loans decreased, the notable increase in net charge-offs, though attributed to previously identified and reserved credits, warrants investor attention. The company maintains strong capital ratios and has actively managed its debt by redeeming subordinated notes, indicating a healthy balance sheet. Investors should continue to monitor the impact of commercial real estate concentrations and future credit loss trends.
How filings like this one have moved
In the 30 days to Sep 23, 2026, 29.1% of the 1683 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.32%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PGC was trading at $33.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $591.4M. The 52-week trading range was $23.96 to $35.68. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.