Peapack-Gladstone Q2 FY26 net income more than doubles to $15.97 million; revenue rises 23.39% to $86.05 million

Reuters2026/08/07 15:48

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Peapack-Gladstone posted Q2 net income available to common shareholders of USD 15.8 million, more than doubled from a year earlier; diluted EPS rose to USD 0.86.
Revenue climbed 23.39% to USD 86.1 million, driven by net interest income growth; net interest margin widened 55 percentage points to 3.32%.
Operating expenses increased 7.27% to USD 55.7 million; provision for credit losses rose 22.81% to USD 8.1 million.
Wealth management fee income increased 8.01% to USD 17.2 million, representing 20% of total revenue.
Deposits grew USD 230.8 million in the quarter, including USD 79.7 million in noninterest-bearing demand deposits; uninsured/unprotected deposits were USD 2.44 billion at quarter-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peapack-Gladstone Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-339645), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Peapack-Gladstone Q2 FY26 net income more than doubles to $15.97 million; revenue rises 23.39% to $86.05 million

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