Peapack-Gladstone Q2 FY26 net income available to common shareholders rises 89% year over year to $15.8 million; revenue climbs 23% to $86.1 million

Reuters2026/07/27 20:32

By:Reuters

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Peapack-Gladstone Financial posted Q2 2026 net income available to common shareholders of $15.8 million, up 11% from Q1; EPS rose to $0.85.
Revenue climbed 23% year-over-year to $86.1 million; net interest income rose 32% to $63.9 million, lifting net interest margin 55 basis points to 3.32%.
Operating expenses increased 7% year-over-year to $55.7 million; pre-provision net revenue jumped about 70% to $30.4 million, with GAAP efficiency ratio at 65%.
Total loans grew to $6.7 billion, up $854 million year-over-year; deposits rose to $7.1 billion, up $694 million year-over-year.
Issued the remaining $20 million of a $50 million 6% non-cumulative perpetual convertible preferred stock commitment on July 24 to support growth and capital flexibility.

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 GlobeNewswire (Ref. ID: 202607271630PRIMZONEFULLFEED9798726) on July 27, 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 available to common shareholders rises 89% year over year to $15.8 million; revenue climbs 23% to $86.1 million

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