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) 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.
Peapack-Gladstone Financial Corporation (PGC) has expanded its SBA Lending Division by welcoming three experienced professionals aimed at enhancing growth and service to small business clients. Sanjay T. Patel and Bhavesh R. Sheth join as Managing Directors with extensive backgrounds in SBA lending, while Parth Thakor comes on board as an Assistant Vice President, SBA Underwriter. This strategic move reinforces the bank's commitment to providing personalized services and support to small businesses, promoting economic growth.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Karen Rosner as Vice President, Assistant Brand and Marketing Director. She will lead the development and promotion of Peapack-Gladstone Bank's branding, advertising, and marketing strategies. Rosner has 20 years of experience, having previously worked at Lakeland Bank and North Jersey Federal Credit Union. Peapack-Gladstone Financial, founded in 1921, manages $10.3 billion in assets, providing wealth management and commercial banking services.
Peapack-Gladstone Financial Corporation (PGC) has announced a $5,000 donation to the Land Conservancy of New Jersey as part of its annual holiday giving program, celebrating its 100th anniversary. The Bank, committed to community support, has a history of charitable contributions, benefiting organizations like America's Grow-a-Row and Covenant House. With total assets of $6.2 billion and assets under management of $10.3 billion as of September 30, 2021, Peapack-Gladstone Bank provides various financial services aimed at individuals and businesses.
Peapack-Gladstone Bank has successfully revived its annual Boonton Christmas Tree Sale, held from November 26 to December 5, 2021. The event sold over 250 trees, raising $27,750 for nourish.NJ, aimed at combating hunger and homelessness. This initiative marks the return of a cherished community tradition, emphasizing family connections during the holiday season. The Bank, which has total assets of $6.2 billion, aims to enhance its community presence through such charitable events, fostering lasting memories for families in the area.
Peapack-Gladstone Financial Corporation (PGC) announced the appointment of Katherine M. Dickenson, Esq. as Senior Managing Director and Assistant General Counsel. Ms. Dickenson will support Peapack Capital and oversee various legal affairs within the company. She brings over 21 years of experience from Citizens Asset Finance, providing essential legal guidance in complex commercial agreements. PGC, with total assets of $6.2 billion and $10.3 billion in assets under management as of September 30, 2021, emphasizes innovative financial solutions through Peapack Private and its banking services.
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Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Brandon J. Smith as Senior Vice President, Head of Asset Management at Peapack Capital. With over 30 years in equipment finance, Smith will oversee various asset management functions, succeeding David Santom, who is retiring. Smith's previous role was Vice President at Investors Bank Equipment Finance, managing a $950 million portfolio. Peapack-Gladstone Financial holds total assets of $6.2 billion and manages $10.3 billion as of September 30, 2021, providing banking and wealth management services.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) has appointed Brenda Boyce as Vice President, Senior Credit Underwriter at Peapack Capital. With 31 years of financial services experience, Ms. Boyce is tasked with overseeing credit and underwriting functions focused on equipment financing and leasing. Prior to her new role, she served at Citizens Asset Finance, enhancing credit administration and client support. Peapack-Gladstone Financial holds total assets of $6.2 billion and provides a range of financial services, including wealth management and investment banking.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) reported its Q3 2021 results, with total revenue reaching $154.13 million, up 8% year-over-year. Net income surged 80% to $41.77 million, translating to diluted EPS of $2.15. Growth was driven by increased wealth management fees and net interest income, though gains from PPP loan sales were lower than the previous year. The company's wealth management division's assets under management reached $10.3 billion. The firm also repurchased 227,060 shares in Q3. The effective tax rate for Q3 was 26.22%.