Peapack-Gladstone Financial Corporation (PGC) reported second-quarter 2026 financial results, with total revenue of $86.1 million and net income available to common shareholders of $15.8 million, or $0.85 per diluted share.
The company said revenue rose 23% from a year earlier, while operating expenses increased 7%. Net interest income totaled $63.9 million, and net interest margin was 3.32%.
- Total revenue was $86.1 million, marking the ninth consecutive quarter of revenue growth.
- Net income available to common shareholders was $15.8 million, compared with $14.2 million in the linked quarter and $7.9 million a year earlier.
- Diluted earnings per share were $0.85, compared with $0.80 in the prior quarter and $0.45 in the year-ago quarter.
- Total loans were $6.7 billion at June 30, 2026, up $854 million year over year.
- Total deposits were $7.1 billion at June 30, 2026, up $694 million year over year.
- Wealth management assets under management and administration were $13.9 billion, up 13% year over year.
- The company issued the remaining $20 million of its 6% non-cumulative perpetual convertible preferred stock on July 24, 2026.
