Peapack-Gladstone Financial Corp PGC

FinancialsBanking ServicesUnited States of America

Last close 45.91 USD on Nov 1, 2026, +63.4% year to date

Quant rating

Quant rating C Rank 347 of 799 in Financials

Growth C 343 of 799
Valuation A 56 of 799
Quality C 549 of 799
Revisions D 570 of 799
Momentum B 212 of 799

Wall Street consensus Buy (2.25)Average target 56.67 USD +23.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 804M
Enterprise value: 901M
52-week range: 24.72 – 48.67
3-year range: 20.50 – 48.67
Dividend yield: 0.44%
Beta (5 years): 0.75
Shares outstanding: 17.7M
Next earnings: Jan 27, 2027

About the company

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack Private Bank & Trust (the Bank), which is a state-chartered commercial bank. Its segments include the Banking and Wealth Management Division. The Banking segment includes commercial (includes corporate and industrial (C&I) and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services, and customer support sales. Its Wealth Management Division includes investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian, and other financial planning and advisory services. It also includes the activity of the Delaware subsidiary, PGB Trust and Investments of Delaware.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	363	328	304	212	160	–
Revenue growth	10.6%	7.8%	43.5%	32.4%	−3.4%	16.9%
EPS (basic, normalized)	3.07	2.19	3.33	4.35	3.27	–
EPS growth	40.2%	−34.3%	−23.4%	32.9%	23.6%	3.0%
Gross margin	–	–	–	–	–	–
Net margin	10.3%	10.1%	16.1%	35.0%	35.4%	21.4%
ROE	–	5.6%	8.8%	13.8%	11.2%	9.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	10.8%
Long-term debt (mil)	1.1
Net debt (mil)	–
Total equity (mil)	716
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	363	+10.6%	2.5x	37.49	+11.4%	1.2x	2.10	+13.5%	21.9x
2026	349	−3.8%	2.6x	39.97	+6.6%	1.1x	3.56	+69.7%	12.9x
2027	395	+13.3%	2.3x	44.92	+12.4%	1.0x	4.80	+34.6%	9.6x
2028	446	+12.8%	2.0x	50.68	+12.8%	0.9x	5.71	+19.0%	8.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	349	−0.3%	−0.3%	+1.4%	3.56	−0.1%	−0.1%	−3.8%
2027	395	0.0%	0.0%	+3.1%	4.80	−0.3%	−0.3%	+0.5%
2028	446	–	–	–	5.71	–	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	53.1	56.6	56.6	61.8	63.1	66.6	70.7	78.2	78.6	86.1
Sales mean (mil)	55.1	53.9	55.8	60.5	63.8	69.8	72.4	78.2	79.2	84.5
Surprise	−3.6%	+5.0%	+1.4%	+2.2%	−1.2%	−4.5%	−2.3%	0.0%	−0.7%	+1.9%
EPS reported	0.48	0.42	0.43	0.52	0.43	0.45	0.54	0.62	0.80	0.85
EPS mean	0.51	0.34	0.37	0.46	0.50	0.61	0.60	0.63	0.68	0.87
Surprise	−5.6%	+25.2%	+15.2%	+14.3%	−14.4%	−26.2%	−10.4%	−2.1%	+18.1%	−2.8%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
PGC Peapack-Gladstone Financial Corp	804M	10.8%	10.3%	1.07x	12.9x	9.6x	1.1x	1.0x
MTB M&T Bank Corporation	31.7B	11.6%	25.7%	1.22x	11.3x	10.5x	1.2x	1.2x
FLG Flagstar Bank, National Association	4.2B	14.0%	−4.7%	1.11x	38.8x	11.4x	0.5x	0.5x
TFSL TFS Financial Corp	4.6B	15.7%	11.7%	0.67x	42.1x	40.6x	2.3x	2.2x
FULT Fulton Financial Corporation	4.4B	12.8%	23.6%	1.12x	11.1x	9.7x	1.2x	1.1x
FBP First BanCorp	4.0B	17.0%	29.2%	1.29x	10.9x	9.2x	2.0x	1.8x
Mean		13.7%	16.0%	1.08x	21.2x	15.2x	1.4x	1.3x
Median		13.4%	17.7%	1.11x	12.1x	10.1x	1.2x	1.1x

Technical analysis

1M+2.7%
3M−4.9%
1Y+71.8%
3Y+108.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Peapack-Gladstone Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	363	328	304	212	160	166
Total interest expense	162	179	148	35.8	22.0	38.1
Net interest income	201	149	156	176	138	128
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	201	149	156	176	138	128
Non-interest income	82.1	79.1	73.6	66.4	72.2	61.8
Non-interest expense	−231	−183	−162	−140	−133	−157
Net income before taxes	52.3	45.0	67.3	102	77.7	32.0
Provision for taxes	15.0	12.0	18.4	28.1	21.0	9.0
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	37.3	33.0	48.9	74.2	56.6	23.0
Extraordinary items	–	–	–	–	–	3.2
Net income	37.3	33.0	48.9	74.2	56.6	26.2
Basic weighted average shares (mil)	17.6	17.7	17.8	18.2	18.8	18.9
Diluted weighted average shares (mil)	17.7	17.8	18.0	18.6	19.3	19.1
Basic EPS excluding extraordinary items	2.12	1.87	2.74	4.09	3.01	1.22
Basic EPS, normalized	3.07	2.19	3.33	4.35	3.27	2.65

Balance sheet in millions of USD, fiscal years

Balance sheet, Peapack-Gladstone Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	8.7	8.5	5.9	5.9	5.9	10.6
Other earning assets	1,130	1,351	939	948	1,158	1,373
Net loans	6,183	5,439	5,363	5,224	4,745	4,305
Property, plant & equipment	79.9	70.2	38.3	39.7	36.4	35.4
Goodwill	36.2	36.2	36.2	36.2	36.2	33.1
Intangibles	7.6	8.7	9.8	11.1	12.7	10.8
Long-term investments	–	–	–	–	–	–
Other long-term assets	0.8	16.4	0.5	–	–	–
Other assets	80.6	80.9	83.9	88.7	84.0	122
Total assets	7,526	7,011	6,477	6,354	6,078	5,890
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	106	123	78.5	82.8	87.6	131
Total deposits	6,589	6,129	5,274	5,205	5,266	4,818
Other bearing liabilities	73.3	–	404	380	0	15.0
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	0.2	0.2	1.5	1.5	1.4	–
Long-term debt	100	135	135	136	137	366
Minority interest	–	–	–	–	–	–
Other liabilities	0	18.5	0	15.4	39.3	33.0
Total liabilities	6,868	6,405	5,893	5,821	5,532	5,363
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	18.1	18.0	17.8	17.5	17.2	17.0
Additional paid-in capital	353	348	347	339	332	327
Retained earnings (accumulated deficit)	457	424	394	349	274	221
Treasury stock	−123	−118	−110	−97.8	−65.1	−36.5
Other equity	−47.6	−66.4	−64.9	−74.2	−12.4	−1.4
Total equity	658	606	584	533	546	527
Total liabilities & shareholders' equity	7,526	7,011	6,477	6,354	6,078	5,890

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Peapack-Gladstone Financial Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	37.3	33.0	48.9	74.2	56.6	26.2
Depreciation, depletion & amortization	5.2	4.6	5.0	5.0	4.8	4.4
Deferred taxes	7.8	−14.3	−15.3	−6.6	9.5	8.2
Non-cash items	6.2	6.3	11.8	11.8	15.8	12.3
Changes in working capital	−13.4	41.4	19.7	34.4	−11.2	−14.4
Cash from operations	43.1	71.1	70.1	119	75.5	36.7
Investing activities
Capital expenditures	−14.6	−8.1	−3.3	−3.5	−3.9	−3.1
Other investing cash flows	−721	−295	−144	−353	−750	−211
Cash from investing	−736	−303	−147	−356	−754	−214
Financing activities
Financing cash flow items	533	851	66.7	−63.0	431	357
Cash dividends paid	−3.5	−3.5	−3.6	−3.6	−3.8	−3.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−40.4	−411	11.8	347	−256	269
Cash from financing	489	436	75.0	280	172	622
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−204	204	−2.4	43.3	−507	445
Free cash flow	28.6	63.0	66.8	115	71.5	33.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.