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 (NASDAQ: PGC) is a New Jersey bank holding company for Peapack-Gladstone Bank, a commercial bank founded in 1921. The company regularly issues news and press releases covering its commercial banking operations, private banking initiatives and wealth management activities under the Peapack Private brand.
News about Peapack-Gladstone often includes quarterly earnings results, updates on deposits, loans, net interest margin, capital ratios and liquidity. The company uses press releases and investor updates to discuss trends in net interest income, wealth management fee income, commercial and industrial lending, and core relationship deposit growth. These items provide insight into how the bank’s balance sheet and revenue mix are evolving over time.
In addition to financial results, Peapack-Gladstone announces developments in its private banking and wealth management businesses. Recent communications have highlighted the expansion of its New York City presence, the hiring of commercial private banking teams and senior leaders, and the growth of assets under management and/or administration in the Wealth Management Division. The company also reports on credit ratings actions by agencies such as Moody’s and KBRA.
Strategic branding and corporate initiatives are another recurring theme. The organization has announced an expected rebrand that will bring Peapack-Gladstone Bank and its wealth management division together under the Peapack Private Bank & Trust name. Personnel announcements, such as appointments of senior managing directors, fiduciary officers and SBA lending leaders, further illustrate how the bank is building out its capabilities.
Investors and clients can use the Peapack-Gladstone news stream to follow earnings releases, capital and liquidity updates, expansion into the metro New York market and the evolution of its private banking and wealth management strategy.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced enhancements in its personal banking division on June 28, 2022, aimed at improving client experiences. Donna M. Aldredge has been appointed Vice President, Head of Retail Client Service and Training, while Ana L. Risoli becomes Vice President, Branch Distribution Manager. Tenzin C. Sison, now Vice President, leads a new retail-oriented Platinum Service Team targeting larger personal banking clientele. Peapack-Gladstone Bank, with total assets of $6.3 billion, focuses on comprehensive financial services and wealth management solutions.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has announced the promotion of Amy M. Long to Senior Managing Director and Chief Administrative Officer at Peapack Private Wealth Management. With over 20 years in financial services, Ms. Long has a significant role in managing business analytics, MIS reporting, and budgeting. Peapack-Gladstone Financial, founded in 1921, has $6.3 billion in total assets and $10.7 billion in assets under management as of March 31, 2022. The bank focuses on innovative wealth management and investment solutions.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has promoted Lisa Ciampi to Senior Vice President and Head of Operations at Peapack-Gladstone Bank. With 30 years of experience in financial services, Ciampi will oversee all banking operations, including over 100 projects in loan management, treasury, and electronic banking. The company reported total assets of $6.3 billion and $10.7 billion in assets under management as of March 31, 2022. This leadership change aims to enhance workflow and strengthen operations.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced the promotion of Nicole Bonanno to Senior Managing Director and Director of Client Service for its wealth division, effective immediately. Based in Bedminster, NJ, she will oversee client service professionals and collaborate on strategic initiatives. Bonanno previously managed client operations after the acquisition of Quadrant Capital Management in 2017. Peapack-Gladstone Financial holds total assets of $6.3 billion and manages $10.7 billion as of March 31, 2022.
Peapack-Gladstone Financial Corporation (PGC) reported strong Q1 2022 results with total revenue of $54.33 million and net income of $13.44 million, marking increases from Q1 2021. Diluted EPS rose to $0.71 from $0.67. Loan growth was robust at 6% quarterly and 21% year-over-year, totaling $5.15 billion. Wealth management fee income surged 22% to $14.8 million. However, a $6.6 million loss on securities sales and severance costs reduced net income. The Company also repurchased 300,000 shares, maintaining strong capital ratios above regulatory standards.
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Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced that its investment banking division, Peapack Private Investment Banking, acted as the exclusive financial advisor to D’Artagnan, Inc. on its sale to Fortune International, an Investcorp portfolio company. While financial terms remain undisclosed, the deal marks the culmination of a three-year partnership. D’Artagnan, known for its sustainable food sourcing, was praised for its unique value, and Peapack Private's expertise in the food industry was highlighted. The bank, with total assets of $6.1 billion, continues supporting middle market companies through various corporate advisory solutions.
Peapack-Gladstone Financial Corporation (PGC) announced its investment banking division, Peapack Private Investment Banking, played a key role in the sale of Community Surgical Supply (CSS) to AdaptHealth. CSS, a provider of home care equipment and services, has over 50 years of experience. The financial terms of the deal were not disclosed. AdaptHealth, operating in 47 states, specializes in patient-centered healthcare-at-home solutions. Peapack Private Investment Banking focuses on providing corporate advisory solutions, helping middle market businesses navigate critical phases in their lifecycle.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) announced the appointment of Heidi H. Smith as Senior Vice President, General Counsel, and Corporate Secretary at Peapack-Gladstone Bank. Based in Bedminster, New Jersey, Smith will oversee the legal affairs of the company and advise the executive team on legal and policy matters. An accomplished attorney, she previously served as Assistant General Counsel and has extensive experience in the legal aspects of banking and finance. Peapack-Gladstone Financial Corporation has total assets of $6.1 billion as of December 31, 2021.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported strong fourth quarter 2021 results, with revenues increasing to $56.17 million and net income rising to $14.86 million, translating to EPS of $0.78, a significant jump from $0.16 in Q4 2020. Full-year results showed revenues of $210.31 million and net income of $56.62 million, leading to EPS of $2.93. Key drivers included growth in wealth management and commercial banking sectors. The company also repurchased 274,929 shares for $9.21 million in Q4 2021 and authorized a new 5% stock repurchase program for 2022.