Welcome to our dedicated page for Peapack-Gladstone Finl news (Ticker: PGC), a resource for investors and traders seeking the latest updates and insights on Peapack-Gladstone Finl stock.
Peapack-Gladstone Financial Corporation reports bank holding company developments tied to commercial banking, private banking and wealth management. Through Peapack-Gladstone Bank and Peapack Private, company updates commonly address commercial and commercial real estate lending, deposit growth, treasury and escrow services, SBA lending, trust and estate administration, investment management and financial planning services.
Recurring news also includes quarterly results, balance-sheet and liquidity commentary, credit-rating actions, Metropolitan New York market expansion, senior banking and wealth-management hires, fiduciary leadership changes and brand positioning for the bank and its wealth division.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) declared a regular quarterly cash dividend of $0.05 per share on its common stock, payable on August 27, 2026 to shareholders of record on August 13, 2026. As of June 30, 2026, the New Jersey bank holding company reported $8.0 billion in total assets and $13.9 billion in assets under management and/or administration.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported Q2 2026 net income to common shareholders of $15.8 million, or $0.85 diluted EPS, up from $14.2 million ($0.80) in Q1 2026 and $7.9 million ($0.45) in Q2 2025. Total revenue rose to $86.1 million, the ninth consecutive quarterly increase, 23% year-over-year, while operating expenses grew 7% to $55.7 million, driving pre-provision net revenue to $30.4 million (about 70% growth year-over-year) and a GAAP efficiency ratio near 65%.
Net interest income increased 32% year-over-year to $63.9 million with net interest margin at 3.32% (up 55 bps year-over-year). Loans reached $6.7 billion (15% growth), deposits $7.1 billion (up $694 million year-over-year), and wealth management AUM/A increased to $13.9 billion, with related fees of $17.2 million (20% of revenue). Tangible book value per share grew 9% year-over-year to $36.26 and book value per share 8% to $38.70.
The Company completed issuance of the remaining $20 million under its previously committed $50 million 6% non-cumulative perpetual convertible preferred stock with Strategic Value Bank Partners to support relationship-based balance sheet growth. Asset quality showed higher nonperforming assets at $72.2 million (0.91% of assets), driven largely by one multifamily relationship migration and a $6.1 million charge-off on a multifamily loan, while the allowance for credit losses stood at $69.2 million (1.04% of loans). Liquidity totaled $5.0 billion on and off balance sheet (204% of uninsured/unsecured deposits), and regulatory capital ratios, including a Common Equity Tier 1 Ratio of about 10.4% at the Company, remained well above well-capitalized standards.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) and Peapack Private Bank & Trust appointed Leonard Carraturo as Senior Managing Director, Commercial Private Banker. He joins the commercial banking team to provide customized lending and banking solutions supporting client growth initiatives, acquisitions, capital investments, treasury management, and long-term financial objectives.
Carraturo brings over 20 years of commercial banking and financial services experience, with expertise in middle-market C&I lending, sponsor finance, healthcare finance, asset-based lending, and treasury management. He previously held leadership and relationship management roles at Metropolitan Commercial Bank and Webster Bank, and earlier worked at Wells Fargo, Community Mutual Savings Bank, JPMorgan Chase, Moody’s Investors Service, and Bear Stearns. Peapack-Gladstone reported $7.7 billion in total assets and $13.1 billion in assets under management and/or administration as of March 31, 2026.
Peapack-Gladstone Financial (NASDAQ: PGC) and Peapack Private Bank & Trust appointed Paul Kotronis as Senior Managing Director, Commercial Real Estate. He will support and expand the commercial real estate lending platform, drive relationship-based deposit growth, and strengthen the bank’s presence in the New York and New Jersey markets.
Kotronis brings over 20 years of commercial real estate finance experience, including managing a $5 billion portfolio at Signature Bank and originating more than $4 billion in multifamily and commercial real estate loans. His background covers lending, underwriting, portfolio and relationship management, and launching a commercial real estate debt fund platform.
Peapack-Gladstone Financial (NASDAQ: PGC) will release its Q2 2026 financial results on Monday, July 27, 2026, after market close. A conference call to review results is scheduled for Tuesday, July 28, 2026, at 11:00 a.m. ET, with webcast and replay via the investor relations website.
Peapack Private Bank & Trust (NASDAQ:PGC) expanded its real estate payment services by introducing Remote Official Check (ROC) Printing. This technology lets approved business clients securely print official bank checks from remote locations, helping accelerate real estate closings and reduce branch visits across key East Coast markets, including New York City.
The solution supports law firms, escrow companies, insurance organizations and nonprofits that require cash-equivalent funds at closings. ROC Printing is powered by AP Technology’s APSecure platform, which is designed to maintain strict security, compliance and audit controls for payment issuance.
Peapack Capital, a subsidiary of Peapack-Gladstone Financial (NASDAQ: PGC), appointed Michael Mehosky as Senior Managing Director, National Sales Manager. He will lead sales strategy across Direct, Capital Markets and Third-Party channels, focusing on disciplined growth, portfolio diversification and profitability, with a target of $2 billion in originations over the next 18 months.
Halcyon, a leading anti-ransomware solution provider, has appointed Tony Spinelli as Vice President and Field Chief Information Security Officer (Field CISO). With over 30 years of cybersecurity and technology leadership experience, Spinelli brings extensive expertise from roles at Capital One, Tyco International, Equifax, and First Data Corporation.
In his new role, Spinelli will serve as a strategic advisor to CISOs and executives, helping organizations enhance their ransomware resilience strategies. He currently serves on the Board of Directors for the Blue Cross Blue Shield Association's Cybersecurity Subcommittee and Peapack Gladstone Bank (NASDAQ: PGC), and has previously advised the U.S. Department of Defense on cybersecurity.
Peapack-Gladstone Financial (NASDAQ: PGC) has appointed Paula Gambino as Senior Vice President, Head of SBA at Peapack-Gladstone Bank. Based in Bedminster, New Jersey, Gambino brings over 25 years of financial services experience and will lead the expansion of the Bank's SBA business.
Previously, she served as SVP and Director of SBA Lending at Somerset Regal Bank and Community First Bank, where she successfully launched and managed Small Business Lending operations. The Bank, with total assets of $6.9 billion and assets under management of $12.1 billion as of September 30, 2024, aims to strengthen its SBA Lending Division to support small business owners with customized financial solutions.
Peapack-Gladstone Financial (NASDAQ: PGC) announced plans to rebrand as Peapack Private Bank & Trust on January 1, 2025. The $6.8 billion commercial bank will unite its banking and wealth management divisions under a single brand to strengthen its presence in the New York metropolitan market. The rebranding decision follows extensive market research and client feedback, aiming to maintain the company's century-old reputation while expanding its services. The bank currently manages $12.1 billion in assets under management/administration as of September 30, 2024, and will continue its single point of contact business model offering comprehensive banking solutions.