Welcome to our dedicated page for Peapack-Gladstone Financial news (Ticker: $PGC), a resource for investors and traders seeking the latest updates and insights on Peapack-Gladstone Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Peapack-Gladstone Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Peapack-Gladstone Financial's position in the market.
Rhea-AI Summary
Peapack-Gladstone Financial (PGC) reports its first quarter 2024 financial results, showcasing a decrease in total revenue, net income, and diluted EPS compared to the prior year quarter. The company faced headwinds in margin compression and credit quality. Despite economic challenges, PGC is expanding into New York City, aiming to enhance liquidity, diversify the balance sheet, and improve profitability. Key highlights include growth in Wealth Management division, decline in loans, increase in deposits, reduction in borrowings, and stable liquidity position. PGC's capital position remains strong, with a focus on repurchasing shares and paying dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.63%
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Rhea-AI Summary
Peapack-Gladstone Financial (NASDAQ: PGC) appoints Greg Tamberlane as Senior Vice President, Head of Commercial Bank Operations in New York. Greg brings 10 years of financial services experience, previously working at Signature Bank, Corvil, Phreesia, ZocDoc, Argent, and Connecticut Business Systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
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Rhea-AI Summary
Peapack-Gladstone Bank promotes Kate Sant'Angelo to Senior Vice President, Director of Personal Banking, showcasing her extensive experience in the banking industry and recognition for her leadership skills.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
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Peapack-Gladstone Financial (PGC) expands into New York City with the hiring of Andrew F. Corrado and multiple teams of bankers. Corrado, with over 35 years of experience, will lead the Bank’s NY expansion. The move aims to capitalize on market disruption and momentum, offering customized private banking solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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Rhea-AI Summary
Peapack-Gladstone Financial (PGC) announces Joanne Gagliardi as Senior Managing Director to drive commercial banking growth in New York City.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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Peapack-Gladstone Financial (PGC) appoints Dawn Kasulke as Senior Managing Director for Peapack Private's New York City location. With 24 years of experience in financial services, Kasulke will lead a team of commercial bankers to expand the bank's presence in Manhattan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
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Peapack-Gladstone Financial (PGC) announces the transition of Super Stud Building Products Inc. to EB Metals Inc. in an undisclosed sale. The deal combines industry pioneers in steel framing components to enhance product offerings and service capabilities across the East Coast. Peapack Private Investment Banking facilitated the transaction, showcasing their expertise in corporate advisory services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.53%
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Rhea-AI Summary
Peapack-Gladstone Financial Corporation (PGC) appoints Ron Bezoza as Senior Managing Director at Peapack Private, aiming to drive growth, profitability, and client satisfaction. With 25+ years of experience in financial services, Ron Bezoza brings expertise from leadership roles at Leon Capital Group, Morgan Stanley, Goldman Sachs, and Credit Suisse.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
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Rhea-AI Summary
Peapack-Gladstone Financial Corporation (PGC) announced its fourth quarter 2023 financial results, reporting total revenue of $54.3 million, net income of $8.6 million, and diluted EPS of $0.48. The net interest margin stabilized at 2.29%. Year-over-year deposits increased by $69.0 million to $5.3 billion, and loans grew $135.2 million to $5.4 billion. The liquidity position remains stable, with balance sheet liquidity at 12.08% of total assets. The company's return on average assets was 0.53%, return on average equity was 6.13%, and return on average tangible equity was 6.68% for the quarter ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
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Rhea-AI Summary
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) appoints Rich Johnston as President of Peapack Capital, a subsidiary focusing on equipment finance and leasing. With over 30 years of expertise, Rich will oversee all originations and asset finance transactions, leveraging his track record as a top performer in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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Peapack-Gladstone Financial Corp
Nasdaq:PGC
PGC Rankings
PGC Stock Data
410.11M
14.71M
11.53%
74.54%
3.31%
Commercial Banking
Finance and Insurance
United States of America
BEDMINSTER
About PGC
member fdic - equal housing lender founded in 1921, peapack-gladstone bank is a commercial bank that provides innovative private banking services to businesses, non-profits and consumers which help them to establish, maintain and expand their legacy. through its private banking locations in bedminster, morristown, princeton and teaneck, its wealth management* and commercial private banking divisions, and its retail private banking network and online platforms, peapack-gladstone bank has proven to be a high performing boutique bank, leaders in wealth, lending and deposit solutions, known nationally for unparalleled client service, integrity and trust. *non-deposit investment products are not insured by the fdic; are not deposits or other obligations of, or guaranteed by, peapack-gladstone bank; and are subject to investment risks, including possible loss of the principal amount invested.