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 Corp (PGC), a bank holding company serving businesses and individuals since 1921, provides this centralized hub for official news and financial updates. Track material developments across commercial banking, wealth management, and strategic initiatives through verified press releases and regulatory filings.
This resource delivers timely access to earnings announcements, leadership updates, merger activity, and regulatory compliance matters. Investors gain insights into PGC’s operational performance while analysts find structured data for informed assessments. All content adheres to financial disclosure standards.
Key updates include quarterly earnings calls, executive appointments, partnership agreements, and service expansions. Content is curated to highlight developments impacting PGC’s market position and client offerings. Bookmark this page for efficient tracking of material events affecting one of New Jersey’s established financial institutions.
Peapack-Gladstone Financial Corporation (PGC) reported strong financial results for Q1 2023, achieving total revenue of $62.0 million, a 37% increase in net income to $18.4 million, and a diluted EPS of $1.01. The company's return on average assets and equity improved to 1.16% and 13.50%, respectively. Net interest income rose by 11% year-over-year, although it fell by 8% from the previous quarter due to margin compression. Deposits grew by $104 million, while liquidity remained robust at $851 million. The company authorized a 5% stock repurchase program for up to 890,000 shares to enhance shareholder value. Despite industry challenges, PGC is positioned for future growth with a healthy pipeline in wealth management and commercial banking.
On April 17, 2023, Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced the appointment of Daniel P. Trudo as Senior Managing Director, Commercial Private Banker, based in Teaneck, New Jersey. Trudo will enhance the Bank’s Commercial and Industrial business, focusing on personalized client service and expanding its presence in the Tri-State area. He brings extensive experience from his previous roles at Capital One Bank and Citizens Bank, where he successfully grew revenue through client relationships and new customer acquisition.
Peapack-Gladstone Financial operates with total assets of $6.4 billion and assets under management of $10 billion as of December 31, 2022. The Bank offers a range of financial services, including wealth management and investment banking solutions.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announces the appointment of Dr. Zoya Faynleyb as Senior Vice President and Deputy Chief Risk Officer. Based in Bedminster, NJ, Dr. Faynleyb will oversee compliance with BSA/AML/OFAC regulations and lead the Bank’s Risk Management Program. She brings over 20 years of experience in banking and compliance, previously serving as Director of AML & Sanctions at a Fortune 500 fintech company. Dr. Faynleyb holds an MBA in Banking and Finance and multiple certifications in anti-money laundering and regulatory compliance, enhancing the institution's risk management capabilities.
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