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Peapack-Gladstone Financial Corporation - $PGC STOCK NEWS

Welcome to our dedicated page for Peapack-Gladstone Financial Corporation news (Ticker: $PGC), a resource for investors and traders seeking the latest updates and insights on Peapack-Gladstone Financial Corporation 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 Corporation'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.

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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
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Rhea-AI Summary
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced its second quarter 2023 results. The company recorded total revenue of $57.5 million, net income of $13.1 million, and diluted EPS of $0.73 for the quarter. Loans grew by $70 million to $5.4 billion while deposits declined by $110 million to $5.2 billion during the second quarter. The company's return on average assets was 0.82%, return on average equity was 9.43%, and return on average tangible equity was 10.30% for the quarter. The company also announced plans to expand into New York City.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
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News
Rhea-AI Summary
Peapack-Gladstone Financial Corporation announces the addition of Christopher Tomai to its division Peapack Private. Christopher, an experienced financial services professional, joins as Senior Managing Director and Senior Relationship Manager. He will be responsible for identifying, customizing, and implementing private banking strategies for clients, including personal and business banking, lending, and wealth management solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.32%
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Rhea-AI Summary
Peapack-Gladstone Financial Corporation, Peapack-Gladstone Bank, and Peapack Private have announced expansion plans with the filing of an application to open a location in New York City. The company believes their private banking services will be well received in the market and has recruited a team of professionals to lead the efforts. Jeanne Scungio, an experienced financial services leader, has joined as the President for Peapack Private's New York location.
Rhea-AI Impact
Rhea-AI Sentiment
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1.62%
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Rhea-AI Impact
Rhea-AI Sentiment
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-0.37%
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Rhea-AI Impact
Rhea-AI Sentiment
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-2.48%
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management
Rhea-AI Summary
Rhea-AI Impact
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2.43%
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Rhea-AI Impact
Rhea-AI Sentiment
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1.71%
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management
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Rhea-AI Impact
Rhea-AI Sentiment
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1.63%
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management
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Rhea-AI Sentiment
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1.99%
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buyback earnings
Peapack-Gladstone Financial Corporation

Nasdaq:PGC

PGC Rankings

PGC Stock Data

426.74M
14.71M
11.53%
74.54%
3.31%
Commercial Banking
Finance and Insurance
Link
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.