Earnings surge at Peapack-Gladstone (NASDAQ: PGC) as Q2 2026 revenue climbs 23%

Q: How did revenue and net interest income change for PGC in Q2 2026?

Peapack-Gladstone generated total revenue of $86.1 million in Q2 2026, up 23% year-over-year . Net interest income was $63.9 million , rising 7% from Q1 2026 and 32% year-over-year , while net interest margin improved to 3.32% .

Q: What were Peapack-Gladstone (PGC)'s loan and deposit levels as of June 30, 2026?

At June 30, 2026, Peapack-Gladstone reported $6.7 billion in total loans , up $854 million year-over-year, and $7.1 billion in deposits , up $694 million year-over-year. Noninterest-bearing deposits increased by $79.7 million during the quarter, supporting margin and balance sheet stability.

Q: How strong are PGC's capital and liquidity positions after the preferred stock issuance?

The company completed the full $50 million issuance of 6% non-cumulative perpetual convertible preferred stock, including $20 million on July 24, 2026. As of June 30, 2026, the holding company’s Tier 1 leverage ratio was 9.13% and the Bank’s loan-to-deposit ratio was 95% with total liquidity of $5.0 billion .

Q: How is the wealth management business performing for Peapack-Gladstone (PGC)?

Wealth management delivered a solid quarter with $13.9 billion in assets under management and administration, up 13% year-over-year. Wealth management fee income reached $17.2 million , representing about 20% of total revenue, supported by $205 million of gross client inflows and favorable markets.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Peapack-Gladstone Financial Corporation reported strong second quarter 2026 results, with net income available to common shareholders of $15.8 million, or $0.85 per diluted share, up from $14.2 million and $0.80 in the prior quarter and $7.9 million and $0.45 a year earlier.

Total revenue rose 23% year-over-year to $86.1 million, the ninth consecutive quarterly increase, driven mainly by net interest income of $63.9 million, up 32% year-over-year. Net interest margin improved to 3.32%, while operating expenses grew only 7%, supporting roughly 70% growth in pre-provision net revenue year-over-year.

Total loans reached $6.7 billion and deposits $7.1 billion, with noninterest-bearing deposits rising and wealth management assets under management increasing to $13.9 billion. Asset quality remained manageable despite higher nonperforming assets of $72.2 million (0.91% of assets) and an $8.1 million credit loss provision. Capital and liquidity stayed strong, aided by the full $50 million issuance of 6% non-cumulative perpetual convertible preferred stock.

Positive

Strong earnings momentum with $86.1 million Q2 revenue up 23% year-over-year and diluted EPS of $0.85, an 89% year-over-year increase, driven by 32% growth in net interest income and roughly 70% growth in pre-provision net revenue.
Broad-based balance sheet and fee growth: loans reached $6.7 billion, deposits $7.1 billion, and wealth management assets under management rose 13% year-over-year to $13.9 billion, while tangible book value per share increased 9% to $36.26.

Negative

Credit costs ticked higher as the provision for credit losses increased to $8.1 million and nonperforming assets rose to $72.2 million, or 0.91% of total assets, including a $6.1 million charge-off on a single multifamily loan.

Filing Explained

The July 27 8-K confirms that Peapack-Gladstone issued the remaining $20 million of its 6% non-cumulative perpetual convertible preferred stock on July 24, completing the previously announced up-to-$50 million commitment; the completed funding is preferred equity, rather than a reported common-stock issuance.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total revenue: $86.1 million Net income available to common shareholders: $15.8 million Diluted EPS: $0.85 +5 more

8 metrics

Total revenue $86.1 million For the quarter ended June 30, 2026

Net income available to common shareholders $15.8 million For the quarter ended June 30, 2026

Diluted EPS $0.85 For the quarter ended June 30, 2026

Net interest margin 3.32 % Quarter ended June 30, 2026, up from 3.26% in Q1 2026 and 2.77% in Q2 2025

Total loans $6.7 billion Outstanding at June 30, 2026, up $854 million year-over-year

Total deposits $7.1 billion Outstanding at June 30, 2026, up $694 million year-over-year

Nonperforming assets to total assets 0.91 % Nonperforming assets of $72.2 million at June 30, 2026

Tangible book value per share $36.26 At June 30, 2026, a 9% increase from $33.19 at June 30, 2025

Key Terms

pre-provision net revenue, nonperforming assets, loan-to-deposit ratio, Tier 1 Leverage Ratio, +1 more

5 terms

pre-provision net revenue financial

"producing approximately 70% growth in pre-provision net revenue year-over-year"

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

nonperforming assets financial

"Nonperforming assets increased to $72.2 million, or 0.91% of total assets"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

loan-to-deposit ratio financial

"The Company’s liquidity profile remains strong with a loan-to-deposit ratio of 95%"

Loan-to-deposit ratio measures how much a bank has lent out compared with the money customers have deposited, expressed as a percentage. Think of it like the share of a household’s savings that has been loaned to others: a higher ratio can boost earnings but reduce cash on hand and increase risk, while a lower ratio means more liquidity but potentially lower returns—key for investors assessing a bank’s balance of profit and safety.

Tier 1 Leverage Ratio financial

"The Tier 1 Leverage Ratio at June 30, 2026 was 8.96% for the Bank"

Tier 1 leverage ratio measures a bank’s core capital — the money that can absorb losses — as a share of its total assets, showing how much of its balance sheet is funded by real loss-absorbing capital rather than borrowed money. Investors use it like a safety gauge: a higher ratio means a bigger cushion against shocks and lower risk of insolvency, similar to how a thicker spare tire reduces the chance of being stranded.

Earnings Snapshot

Total revenue Q2 2026: $86.1 million

quarter and six months ended June 30, 2026

Total revenue Q2 2026 $86.1 million up 23% from $69.7 million in the quarter ended June 30, 2025

Net income available to common Q2 2026 $15.8 million up from $7.9 million in the quarter ended June 30, 2025

Diluted EPS Q2 2026 $0.85 up from $0.45 in the quarter ended June 30, 2025

Net interest margin Q2 2026 3.32 % up from 2.77% in the quarter ended June 30, 2025

Total revenue six months 2026 $168.5 million up 26% from $134.1 million in the six months ended June 30, 2025

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Understanding 8-K Material Events →

Available on EDGAR 07/27/2026 - 04:53 PM Accepted by SEC EDGAR 07/27/2026 - 04:52 PM

FAQ

What were Peapack-Gladstone (PGC)'s Q2 2026 earnings and EPS?

Net income available to common shareholders was $15.8 million and diluted EPS was $0.85 in Q2 2026. This compares with $14.2 million and $0.80 in Q1 2026 and $7.9 million and $0.45 in the quarter ended June 30, 2025.

How did revenue and net interest income change for PGC in Q2 2026?

Peapack-Gladstone generated total revenue of $86.1 million in Q2 2026, up 23% year-over-year. Net interest income was $63.9 million, rising 7% from Q1 2026 and 32% year-over-year, while net interest margin improved to 3.32%.

What were Peapack-Gladstone (PGC)'s loan and deposit levels as of June 30, 2026?

At June 30, 2026, Peapack-Gladstone reported $6.7 billion in total loans, up $854 million year-over-year, and $7.1 billion in deposits, up $694 million year-over-year. Noninterest-bearing deposits increased by $79.7 million during the quarter, supporting margin and balance sheet stability.

How strong are PGC's capital and liquidity positions after the preferred stock issuance?

The company completed the full $50 million issuance of 6% non-cumulative perpetual convertible preferred stock, including $20 million on July 24, 2026. As of June 30, 2026, the holding company’s Tier 1 leverage ratio was 9.13% and the Bank’s loan-to-deposit ratio was 95% with total liquidity of $5.0 billion.

What is the asset quality picture for Peapack-Gladstone (PGC) in Q2 2026?

Nonperforming assets were $72.2 million, or 0.91% of total assets, up from $59.3 million and 0.77% at March 31, 2026. The provision for credit losses was $8.1 million, and the allowance for credit losses stood at $69.2 million, or 1.04% of total loans.

How is the wealth management business performing for Peapack-Gladstone (PGC)?

Wealth management delivered a solid quarter with $13.9 billion in assets under management and administration, up 13% year-over-year. Wealth management fee income reached $17.2 million, representing about 20% of total revenue, supported by $205 million of gross client inflows and favorable markets.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported)	July 27, 2026

PEAPACK-GLADSTONE FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in Charter)


New Jersey	001-16197	22-3537895
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)


500 Hills Drive, Suite 300, Bedminster, New Jersey	07921
(Address of Principal Executive Offices)	(Zip Code)


Registrant’s telephone number, including area code	(908) 234-0700

Securities registered pursuant to Section 12(b) of the Act:

     Title of each class

     Trading
Symbol(s)

     Name of each exchange on which registered

     Common Stock, no par value

     PGC

     The NASDAQ Stock Market, LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐

INFORMATION TO BE INCLUDED IN THE REPORT

Item 2.02 Results of Operations and Financial Condition.

On July 27, 2026, Peapack-Gladstone Financial Corporation (the "Company") issued a press release reporting earnings and other financial results for the three and six months ended June 30, 2026. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference in its entirety.

The information disclosed under this Item 2.02, including Exhibit 99.1, shall be considered “furnished” but not “filed” for purposes of the Securities Exchange Act of 1934, as amended.

Item 7.01 Regulation FD Disclosure.

The Company is furnishing presentation materials included as Exhibit 99.2 to this report. The Company is not undertaking to update this presentation. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.2).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Title

99.1		Press Release dated July 27, 2026.

99.2		Investor Presentation used by the Company for the second quarter of 2026.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	PEAPACK-GLADSTONE FINANCIAL CORPORATION

Dated: July 27, 2026	By:	/s/ Frank A. Cavallaro
	Frank A. Cavallaro
	Senior Executive Vice President and Chief Financial Officer

Exhibit 99.1

Contact:

Frank A. Cavallaro, SEVP and CFO

Peapack-Gladstone Financial Corporation

T: 908-306-8933

PEAPACK-GLADSTONE FINANCIAL CORPORATION

REPORTS SECOND QUARTER FINANCIAL RESULTS

Bedminster, N.J. – July 27, 2026 – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announces its second quarter 2026 financial results.

This earnings release should be read in conjunction with the Company’s Q2 2026 Investor Update, a copy of which is available on our website at www.peapackprivate.com and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.

The Company reported second quarter 2026 financial results that reflect continued execution of its private banking strategy and demonstrate accelerating earnings momentum. Revenue increased for the ninth consecutive quarter while expense growth continued to normalize, producing another quarter of meaningful positive operating leverage. These results reflect the maturation of the Company's strategic investments across the Metropolitan New York market and reinforce management's confidence in the long-term earnings power of the franchise.

Douglas L. Kennedy, President and CEO stated, “During the industry disruption of 2023, we invested significantly to expand our presence in Metropolitan New York. Since then, we have added 20 experienced banking teams and nearly 200 professionals, opened our flagship financial center on Park Avenue, and rebranded the Company as Peapack Private Bank & Trust. These investments temporarily affected earnings, but they created the platform that is now producing sustained growth and improving profitability. "

Mr. Kennedy added, "These actions capture our unique brand that seamlessly combines traditional banking with wealth management delivered through a single point of contact. The quality of growth is very strong as our bankers continue to onboard longstanding relationships, introducing clients to a broader range of banking, treasury, and wealth solutions. This integrated approach is deepening relationships and allowing us to compete effectively with much larger institutions.”

Our second quarter results reflect continued momentum and sustainability in delivering enhanced shareholder value. Revenue grew by 23% year-over-year, while operating expenses increased by only 7%, producing approximately 70% growth in pre-provision net revenue year-over-year. This positive operating leverage led to net income available to common shareholders of $15.8 million, or $0.85 per diluted share for the second quarter, compared to $14.2 million, or $0.80 per diluted share, for the linked quarter and $7.9 million, or $0.45 per diluted share for the June 30, 2025 quarter. This led to an increase of 11% of net income on a linked quarter basis and earnings per diluted share increased 89% year-over-year.

During the first quarter the Company also announced a commitment by Strategic Value Bank Partners to purchase up to $50 million of convertible preferred stock. Strategic Value Bank Partners is a well-known, long-term investor primarily focused on the banking sector. The commitment included an initial $30 million private placement of the preferred stock which closed during March 2026 with the ability to issue an additional $20 million through the end of 2027. Based on this quarter’s results and our continued momentum and projected growth, we elected to issue the remaining $20 million of our 6% non-cumulative perpetual convertible preferred stock on July 24, 2026. Mr. Kennedy added, “We remain focused on maintaining the capital necessary to support growth prudently. The additional preferred equity enhances our financial flexibility as earnings continue to strengthen and move the Company toward greater organic capital generation.”

Second Quarter Highlights:

•

Net income available to common shareholders of $15.8 million, or $0.85 per diluted share

•

Total revenue of $86.1 million, representing the ninth consecutive quarter of revenue growth

•

Net interest income: $63.9 million, up 7% on a linked quarter and 32% year-over-year

•

Net interest margin: 3.32%, an increase of 6 basis points compared to the previous quarter and 55 basis points year-over-year

•

Loan growth: $6.7 billion in total loans, an increase of $854 million year-over-year

•

Deposits: $7.1 billion at June 30, 2026, an increase of $694 million year-over-year

•

Wealth management: $13.9 billion in assets under management and administration, up 13% year-over-year

•

Wealth management fee income: $17.2 million or 20% of total revenue

•

Shareholders' equity: $715.8 million at June 30, 2026, an increase of $86 million year-over-year

•

Shareholder value: Tangible book value per share increased 9% year-over-year to $36.26. Book value per share increased 8% year-over-year to $38.70


Key Financial Metrics	Q2 2026			Q1 2026			Q2 2025
Net income available to common shareholders ($ millions)	$	15.8		$	14.2		$	7.9
Diluted EPS	$	0.85		$	0.80		$	0.45
Net interest income ($ millions)	$	63.9		$	59.9		$	48.3
Net interest margin		3.32	%		3.26	%		2.77	%
Total revenue ($ millions)	$	86.1		$	82.5		$	69.7
Operating expenses ($ millions)	$	55.7		$	55.4		$	51.9
Pre-provision net revenue ($ millions)	$	30.4		$	27.1		$	17.8
Return on average assets (annualized)		0.80	%		0.74	%		0.45	%
Return on average equity (annualized)		8.94	%		8.51	%		5.11	%

Earnings and Operating Leverage

The Company had strong revenue growth of 23% year-over-year, with total revenue of $86.1 million for the second quarter of 2026, compared to $82.5 million for the first quarter of 2026 and $69.7 million for the second quarter of 2025. Revenue growth has been primarily attributable to the consistent improvement in net interest income over the last twelve months. The increase in revenue growth translated into higher earnings driving positive operating leverage and improved profitability.

Operating expenses continued to normalize this quarter, increasing at a more moderate pace to $55.7 million for the second quarter of 2026, compared to $55.4 million for the first quarter of 2026 and $51.9 million for the second quarter of 2025. The GAAP efficiency ratio improved for a seventh consecutive quarter to approximately 65%.

Net Interest Income and Margin

Net interest income totaled $63.9 million for the second quarter of 2026, an increase of $4.0 million, or 7%, from the first quarter of 2026 and an increase of $15.6 million, or 32%, from the second quarter of 2025. Net interest margin expanded to 3.32% compared to 3.26% in the prior quarter and 2.77% in the second quarter of 2025, continuing the upward trend over the past several quarters. This improvement in net interest income and net interest margin was primarily supported by balance sheet repositioning, disciplined pricing and improved earning-asset yields.

Loans / Commercial Banking

Total loans increased $235.9 million, or 15% annualized, to $6.7 billion at June 30, 2026, compared to $6.4 billion at March 31, 2026. Loans increased year-over-year $854.1 million, or 15%. Growth remained concentrated in our core areas of strength, particularly C&I and commercial real estate. Commercial mortgage activity was bolstered

by sponsor demand for stabilized assets and refinancing activity. C&I growth was driven by business expansion and capital investment. Total C&I loans and leases at June 30, 2026 were $2.9 billion, or 44% of the total loan portfolio.

Mr. Kennedy noted, “The quality of our loan growth remains as important as the pace of growth. Our bankers are onboarding core relationships and connecting commercial banking, personal banking, treasury management and wealth management through a single point of contact. This model allows us to deepen the connection with our customers and compete effectively against much larger institutions."

Wealth Management

John Babcock, President of the Bank’s Wealth Management Division, stated, “Wealth Management delivered another strong quarter, supported by $205 million of gross client inflows and favorable market performance. Our integrated model continues to create opportunities to introduce investment management, trust, tax, financial planning and other advisory services to banking relationships, while also delivering banking and credit solutions to wealth clients.”

Funding / Liquidity / Interest Rate Risk Management

Total deposits increased $230.8 million, or 14% annualized, to $7.1 billion at June 30, 2026, from $6.8 billion at March 31, 2026. Relationship-based deposits have created solid franchise value for our Company. Noninterest-bearing deposits increased by $79.7 million during the quarter, which represented 56% of the deposit growth over the last twelve months and a meaningful portion of total funding, supporting both margin expansion and balance sheet stability.

The Company’s liquidity profile remains strong with a loan-to-deposit ratio of 95%. At June 30, 2026, the Company’s balance sheet liquidity totaled $1.0 billion, or 13% of total assets. The Company maintains additional liquidity resources of approximately $4.0 billion through secured available borrowing facilities with the Federal Home Loan Bank and the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company’s loan and investment portfolios. The Company's total on and off-balance sheet liquidity totaled $5.0 billion at June 30, 2026, which amounted to 204% of the total uninsured/uncollateralized deposits currently on the Company’s balance sheet. The Company continues to maintain a well-diversified funding base with a high level of operating deposits and no reliance on brokered funding.

Asset Quality / Provision for Credit Losses

Nonperforming assets increased to $72.2 million, or 0.91% of total assets compared to $59.3 million, or 0.77% of total assets, at March 31, 2026. The increase in nonperforming assets during the second quarter of 2026 was largely driven by the migration of a previously disclosed larger well secured multifamily relationship to nonaccrual status. Loans past due 30 through 89 days and still accruing increased slightly to $48.1 million, or 0.72% of total loans at June 30, 2026, compared to $47.1 million, or 0.73% of total loans, at March 31, 2026. Loans subject to special mention and performing modifications have declined in the second quarter of 2026.

Mr. Kennedy noted, “We continue to manage credit issues proactively and conservatively. While isolated relationships have affected certain credit metrics, criticized and classified loan trends have improved over time, reserve coverage remains appropriate and we continue to see no evidence of broad-based deterioration across the portfolio."

The provision for credit losses totaled $8.1 million for the second quarter of 2026, compared to $7.3 million for the first quarter of 2026 and $6.6 million for the June 30, 2025 quarter. The second quarter provision was primarily attributable to loan growth of $235.9 million resulting in a provision of $2.9 million, in addition to changes in specific reserves which required a provision of $3.9 million.

At June 30, 2026, the allowance for credit losses ("ACL") was $69.2 million (1.04% of total loans), compared to $67.0 million (1.04% of total loans) at March 31, 2026. The increase in the ACL was due to the provision for credit losses of $8.1 million partially offset by net charge-offs of $5.9 million. Charge-offs consisted of $6.1 million during the period associated with the sale of one multifamily loan with a balance totaling $7.2 million. Specific reserves of $2.4 million, related to this charge-off, had been established in prior periods. This charge-off was partially offset by recoveries of $231,000 during the second quarter of 2026.

Capital

The Company’s capital position remained solid during the second quarter of 2026 and continued to benefit from earnings generation. Based on this quarter’s results and our continued momentum, we elected in July to issue the remaining $20 million of our 6% non-cumulative perpetual convertible preferred stock available under the $50 million commitment announced in the first quarter. Based on current results, projected growth and capital needs, management determined that completing the remaining issuance was appropriate to support continued relationship-based balance sheet growth, while maintaining prudent capital levels.

Tangible book value per share increased 9% to $36.26 per share at June 30, 2026 from $33.19 at June 30, 2025. See Non-GAAP financial measures reconciliation included in these tables. Book value per share increased 8% to $38.70 per share at June 30, 2026 compared to $35.71 at June 30, 2025.

The Company’s and Bank’s regulatory capital ratios as of June 30, 2026 remain strong. The Tier 1 Leverage Ratio at June 30, 2026 was 8.96% for the Bank and 9.13% for the Company, while the Common Equity Tier 1 Ratio was 10.60% for the Bank and 10.38% for the Company. Where applicable, such ratios remain well above regulatory well capitalized standards.

Investor Conference Call

Peapack-Gladstone Financial Corporation's CEO Douglas Kennedy will host a conference call with investors and the financial community on July 28, 2026 at 11:00 a.m. (ET) to review second quarter 2026 financial results. The live audio webcast and presentation slides will be available using the following link: https://events.q4inc.com/attendee/134224446. Investor presentation materials will be made available prior to the conference call by going to the Investor Relations page on our Company website at www.peapackprivate.com. A replay will be available under the Events & Presentation section on our Investor Relations website.

ABOUT THE COMPANY

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026. Founded in 1921, Peapack Private Bank & Trust, a subsidiary of Peapack-Gladstone Financial Corporation, is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.

FORWARD-LOOKING STATEMENTS

The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to:

•

our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan;

•

the impact of anticipated higher operating expenses in 2026 and beyond;

•

our ability to successfully integrate wealth management firm and team acquisitions;

•

our ability to successfully integrate our expanded employee base;

•

an unexpected decline in the economy, in particular in our New Jersey and New York market areas, including potential recessionary conditions;

•

declines in our net interest margin caused by the interest rate environment and/or our highly competitive market;

•

declines in the value of our investment portfolio;

•

impact from a pandemic event on our business, operations, customers, allowance for credit losses and capital levels;

•

higher than expected increases in our allowance for credit losses;

•

changes in the methodology and assumptions used to calculate the allowance for credit losses;

•

higher than expected increases in credit losses or in the level of delinquent, nonperforming, classified and criticized loans or charge-offs;

•

inflation and changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and lead to higher operating costs;

•

decline in real estate values within our market areas;

•

legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs;

•

the imposition of tariffs or other domestic or international governmental policies, trade restrictions and retaliatory measures impacting our borrowers and the broader economy;

•

the impact of any federal government shutdown, debt ceiling impasses or fiscal uncertainty;

•

the failure to maintain current technologies and/or to successfully implement future information technology enhancements and the operational risks associated with the adoption of artificial intelligence and other emerging technologies;

•

risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors;

•

higher than expected FDIC insurance premiums;

•

adverse weather conditions;

•

the current or anticipated impact of military conflict, terrorism or other geopolitical events;

•

our inability to successfully generate new business in new geographic markets, including our expansion into New York City and Long Island;

•

a reduction in our lower-cost funding sources;

•

changes in liquidity, including the size and composition of our deposit portfolio, including the percentage of uninsured deposits in the portfolio;

•

our inability to adapt to technological changes;

•

claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters;

•

our inability to attract and retain key employees;

•

demand for loans and deposits in our market areas;

•

adverse changes in securities markets;

•

changes in New York City rent regulation law;

•

changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary and fiscal policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System;

•

changes in accounting policies and practices; and/or

•

other unexpected material adverse changes in our financial condition, operations or earnings.

A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2025. Except as may be required by the applicable law or regulation, we undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

(Tables to follow)

PEAPACK-GLADSTONE FINANCIAL CORPORATION

SELECTED CONSOLIDATED FINANCIAL DATA

(Dollars in Thousands, except per share data)

(Unaudited)


	For the Three Months Ended
	June 30,			March 31,			Dec 31,			Sept 30,			June 30,
	2026			2026			2025			2025			2025
Income Statement Data:
Interest income	$	100,210		$	95,049		$	93,984		$	92,545		$	89,651
Interest expense		36,289			35,153			37,442			41,972			41,361
Net interest income		63,921			59,896			56,542			50,573			48,290
Wealth management fee income		17,220			16,503			16,064			15,798			15,943
Service charges and fees		1,390			1,359			1,317			1,184			1,194
Capital markets revenue		925			544			873			901			799
Other income		2,596			4,191			3,405			2,238			3,515
Total other income		22,131			22,597			21,659			20,121			21,451

Total revenue		86,052			82,493			78,201			70,694			69,741

Compensation expense		29,352			29,782			28,399			28,613			28,232
Benefits expense		10,250			9,583			8,397			8,143			7,829
Premises and equipment		7,009			6,858			7,142			6,676			6,641
FDIC insurance expense		1,495			1,388			1,565			1,345			1,045
Professional and legal fees		1,532			1,554			1,868			1,972			1,645
Trust department expense		1,189			1,180			1,139			1,111			1,092
Loan expense		687			556			905			475			939
Advertising		468			267			329			651			919
Other expenses		3,685			4,272			3,794			3,311			3,551
Total operating expenses		55,667			55,440			53,538			52,297			51,893
Pretax income before provision for credit losses		30,385			27,053			24,663			18,397			17,848
Provision for credit losses		8,088			7,327			7,671			4,790			6,586
Income before income taxes		22,297			19,726			16,992			13,607			11,262
Income tax expense		6,325			5,573			4,833			3,976			3,321
Net Income		15,972			14,153			12,159			9,631			7,941
Dividends on preferred stock		195			—			—			—			—
Net income available to common shareholders	$	15,777		$	14,153		$	12,159		$	9,631		$	7,941

Per Common Share Data:
Earnings per share (basic)	$	0.89		$	0.80		$	0.69		$	0.55		$	0.45
Earnings per share (diluted)		0.85			0.80			0.69			0.54			0.45
Weighted average number of common shares outstanding:
Basic		17,717,883			17,585,846			17,558,019			17,576,899			17,704,110
Diluted		18,625,408			17,760,678			17,705,355			17,686,979			17,773,237
Performance Ratios:
Return on average assets annualized (ROAA)		0.80	%		0.74	%		0.65	%		0.53	%		0.45	%
Return on average equity annualized (ROAE)		8.94	%		8.51	%		7.51	%		6.12	%		5.11	%
Return on average tangible common equity annualized (ROATCE) (A)		9.98	%		9.13	%		8.06	%		6.59	%		5.50	%
Net interest margin (tax-equivalent basis)		3.32	%		3.26	%		3.08	%		2.81	%		2.77	%
GAAP efficiency ratio (B)		64.69	%		67.21	%		68.46	%		73.98	%		74.41	%
Operating expenses / average assets annualized		2.83	%		2.92	%		2.88	%		2.87	%		2.92	%

(A) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income available to common shareholders. See non-GAAP financial measures reconciliation included in these tables.

(B) Calculated as total operating expenses as a percentage of total revenue. For non-GAAP efficiency ratio, see the non-GAAP financial measures reconciliation included in these tables.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

SELECTED CONSOLIDATED FINANCIAL DATA

(Dollars in Thousands, except per share data)

(Unaudited)


	For the Six Months Ended
	June 30,						Change
	2026			2025			$			%
Income Statement Data:
Interest income	$	195,259		$	175,996		$	19,263			11	%
Interest expense		71,442			82,201			(10,759	)		-13	%
Net interest income		123,817			93,795			30,022			32	%
Wealth management fee income		33,723			31,378			2,345			7	%
Service charges and fees		2,749			2,306			443			19	%
Capital markets revenue		1,469			1,254			215			17	%
Other income		6,787			5,367			1,420			26	%
Total other income		44,728			40,305			4,423			11	%

Total revenue		168,545			134,100			34,445			26	%

Compensation expense		59,134			54,547			4,587			8	%
Benefits expense		19,833			17,393			2,440			14	%
Premises and equipment		13,867			12,795			1,072			8	%
FDIC insurance expense		2,883			1,900			983			52	%
Professional and legal fees		3,086			2,835			251			9	%
Trust department expense		2,369			2,135			234			11	%
Loan expense		1,243			1,372			(129	)		-9	%
Advertising		735			1,073			(338	)		-32	%
Other expenses		7,957			7,283			674			9	%
Total operating expenses		111,107			101,333			9,774			10	%
Pretax income before provision for credit losses		57,438			32,767			24,671			75	%
Provision for credit losses		15,415			11,057			4,358			39	%
Income before income taxes		42,023			21,710			20,313			94	%
Income tax expense		11,898			6,174			5,724			93	%
Net Income		30,125			15,536			14,589			94	%
Dividends on preferred stock		195			—			195		N/A
Net income available to common shareholders	$	29,930		$	15,536		$	14,394			93	%


Per Common Share Data:
Earnings per share (basic)	$	1.70		$	0.88		$	0.82			93	%
Earnings per share (diluted)		1.64			0.87			0.77			89	%
Weighted average number of common shares outstanding:
Basic		17,652,229			17,657,771			(5,542	)		0	%
Diluted		18,213,905			17,799,095			414,810			2	%
Performance Ratios:
Return on average assets (ROAA)		0.77	%		0.44	%		0.33	%		76	%
Return on average equity (ROAE)		8.73	%		5.04	%		3.69	%		73	%
Return on average tangible common equity (ROATCE) (A)		9.56	%		5.44	%		4.12	%		76	%
Net interest margin (tax-equivalent basis)		3.29	%		2.73	%		0.56	%		21	%
GAAP efficiency ratio (B)		65.92	%		75.57	%		(9.65	)%		-13	%
Operating expenses / average assets		2.87	%		2.87	%		0.00	%		0	%

(B) Calculated as total operating expenses as a percentage of total revenue. For non-GAAP efficiency ratio, see the non-GAAP financial measures reconciliation included in these tables.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF CONDITION

(Dollars in Thousands)

(Unaudited)


	As of
	June 30,		March 31,		Dec 31,		Sept 30,		June 30,
	2026		2026		2025		2025		2025
ASSETS
Cash and due from banks	$	8,388	$	9,220	$	8,712	$	8,514	$	7,524
Interest-earning deposits		245,506		244,194		179,108		338,672		308,078
Total cash and cash equivalents		253,894		253,414		187,820		347,186		315,602
Securities available for sale		752,440		710,046		774,203		756,578		767,533
Securities held to maturity		78,560		79,478		95,862		97,414		98,623
CRA equity security, at fair value		13,320		13,375		13,459		13,403		13,278
FHLB and FRB stock, at cost (A)		12,931		14,170		14,605		11,387		11,467

Residential mortgage		679,234		662,949		648,216		649,523		649,703
Multifamily mortgage		1,804,380		1,824,882		1,862,592		1,796,533		1,794,854
Commercial mortgage		981,896		887,712		774,428		689,166		643,520
Commercial and industrial loans		2,935,914		2,797,352		2,726,379		2,662,661		2,543,092
Consumer loans		220,961		210,731		187,360		171,811		140,668
Home equity lines of credit		55,136		58,194		59,306		57,166		52,434
Other loans		1,108		860		342		405		261
Total loans		6,678,629		6,442,680		6,258,623		6,027,265		5,824,532
Less: Allowance for credit losses		69,167		67,026		71,039		68,642		81,770
Net loans		6,609,462		6,375,654		6,187,584		5,958,623		5,742,762

Premises and equipment		40,830		39,322		39,164		37,756		36,626
Other real estate owned		908		—		—		—		—
Accrued interest receivable		34,060		33,115		31,971		34,120		33,209
Bank owned life insurance		48,071		47,896		47,761		48,381		48,239
Goodwill and other intangible assets		43,352		43,595		43,839		44,111		44,383
Finance lease right-of-use assets		774		809		844		879		914
Operating lease right-of-use assets		38,098		38,079		39,886		37,692		38,291
Other assets		43,593		50,012		49,411		52,112		49,746
TOTAL ASSETS	$	7,970,293	$	7,698,965	$	7,526,409	$	7,439,642	$	7,200,673

LIABILITIES
Deposits:
Noninterest-bearing demand deposits	$	1,624,244	$	1,544,515	$	1,428,745	$	1,323,492	$	1,237,864
Interest-bearing demand deposits		3,497,096		3,533,203		3,448,497		3,509,403		3,483,295
Savings		111,710		114,955		105,123		104,524		103,846
Money market accounts		1,448,916		1,222,405		1,197,995		1,226,506		1,095,665
Certificates of deposit – Retail		375,633		411,688		408,219		397,338		440,612
Certificates of deposit – Listing Service		—		—		400		899		1,841
Total deposits		7,057,599		6,826,766		6,588,979		6,562,162		6,363,123
Short-term borrowings		74,854		63,830		73,267		—		—
Finance lease liability		1,103		1,145		1,186		1,227		1,268
Operating lease liability		41,493		41,458		43,294		41,139		41,806
Subordinated debt, net		—		—		99,030		98,981		98,933
Due to brokers		9,642		—		—		25,125		—
Other liabilities		69,817		66,562		62,447		68,458		65,766
TOTAL LIABILITIES		7,254,508		6,999,761		6,868,203		6,797,092		6,570,896
Shareholders’ equity		715,785		699,204		658,206		642,550		629,777
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY	$	7,970,293	$	7,698,965	$	7,526,409	$	7,439,642	$	7,200,673
Assets under management and / or administration at Peapack Private Bank & Trust's Wealth Management Division (market value, not included above-dollars in billions)	$	13.9	$	13.1	$	13.1	$	12.9	$	12.3

(A) FHLB means "Federal Home Loan Bank" and FRB means "Federal Reserve Bank."

PEAPACK-GLADSTONE FINANCIAL CORPORATION

SELECTED BALANCE SHEET DATA

(Dollars in Thousands)

(Unaudited)


	As of
	June 30,			March 31,			Dec 31,			Sept 30,			June 30,
	2026			2026			2025			2025			2025
Asset Quality:
Loans past due over 90 days and still accruing (A)	$	3,300		$	—		$	—		$	—		$	—
Nonaccrual loans		68,034			59,321			68,243			84,142			114,958
Other real estate owned		908			—			—			—			—
Total nonperforming assets	$	72,242		$	59,321		$	68,243		$	84,142		$	114,958

Nonperforming loans to total loans		1.07	%		0.92	%		1.09	%		1.40	%		1.97	%
Nonperforming assets to total assets		0.91	%		0.77	%		0.91	%		1.13	%		1.60	%

Performing modifications (B)(C)	$	27,268		$	85,835		$	95,266		$	101,501		$	111,962

Loans past due 30 through 89 days and still accruing (D)	$	48,080		$	47,053		$	26,555		$	28,817		$	15,522

Loans subject to special mention	$	59,832		$	75,935		$	51,027		$	56,534		$	86,907

Classified loans	$	97,713		$	90,583		$	118,912		$	134,982		$	145,783

Individually evaluated loans	$	68,034		$	59,321		$	68,243		$	84,142		$	114,958

Allowance for credit losses ("ACL"):
Beginning of quarter	$	67,026		$	71,039		$	68,642		$	81,770		$	75,150
Provision for credit losses (E)		8,012			7,322			7,659			4,871			6,577
(Charge-offs)/recoveries, net (F)		(5,871	)		(11,335	)		(5,262	)		(17,999	)		43
End of quarter	$	69,167		$	67,026		$	71,039		$	68,642		$	81,770

ACL to nonperforming loans		96.96	%		112.99	%		104.10	%		81.58	%		71.13	%
ACL to total loans		1.04	%		1.04	%		1.14	%		1.14	%		1.40	%
Collectively evaluated ACL to total loans (G)		0.97	%		0.94	%		0.94	%		0.95	%		1.06	%

(A) Related to one matured, well secured multifamily loan. Closing is pending resolution of certain legal matters.

(B) Amounts reflect modifications that are paying according to modified terms.

(C) Excludes modifications included in nonaccrual loans of $21.6 million at June 30, 2026, $19.6 million at March 31, 2026, $36.0 million at December 31, 2025, $37.6 million at September 30, 2025, and $38.1 million at June 30, 2025.

(D) Includes one equipment financing relationship of $10.3 million that was in the process of restructuring at June 30, 2026.

(E) Excludes provision of $76,000 at June 30, 2026, provision of $5,000 at March 31, 2026, provision of $12,000 at December 31, 2025, a credit of $81,000 at September 30, 2025, and provision of $9,000 at June 30, 2025.

(F) Includes charge-offs of $4.8 million related to one multifamily loan and $995,000 related to one commercial mortgage for the quarter ended June 30, 2026. Includes charge-offs of $7.8 million related to two commercial and industrial loans and $3.5 million to one multifamily loan for the quarter ended March 31, 2026. Includes charge-offs of $6.3 million related to two multifamily loans for the quarter ended December 31, 2025. Includes charge-offs of $6.7 million related to three multifamily loans and $11.3 million related to one equipment financing relationship for the quarter ended September 30, 2025.

(G) Total ACL less reserves to loans individually evaluated equals collectively evaluated ACL.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

SELECTED BALANCE SHEET DATA

(Dollars in Thousands)

(Unaudited)


	As of
	June 30,				Dec 31,				June 30,
	2026				2025				2025
Capital Adequacy
Common equity to total assets (A)			8.60	%			8.75	%			8.75	%
Tangible common equity to tangible assets (B)			8.10	%			8.21	%			8.18	%
Book value per share (C)		$	38.70			$	37.49			$	35.71
Tangible book value per share (D)		$	36.26			$	34.99			$	33.19

(A) Common equity to total assets is calculated as total shareholders’ equity, less preferred stock, as a percentage of total assets at quarter end.

(B) Tangible common equity is calculated by subtracting goodwill, other intangible assets and preferred stock from shareholders' equity. Tangible assets is calculated by subtracting the balance of goodwill and other intangible assets from total assets. Tangible common equity as a percentage of tangible assets at quarter end is calculated by dividing tangible common equity by tangible assets at quarter end. See Non-GAAP financial measures reconciliation included in these tables.

(C) Book value per common share is calculated by dividing shareholders’ equity, less preferred stock, by quarter end common shares outstanding.

(D) Tangible book value per share excludes goodwill and other intangible assets. Tangible book value per share is calculated by dividing tangible common equity by quarter end common shares outstanding. See Non-GAAP financial measures reconciliation tables.


	As of
	June 30,			Dec 31,			June 30,
	2026			2025			2025
Regulatory Capital – Holding Company
Tier I leverage	$	721,057	9.13%	$	660,696	8.87%	$	639,537	8.94%
Tier I capital to risk-weighted assets		721,057	10.83		660,696	10.33		639,537	10.99
Common equity tier I capital ratio to risk-weighted assets		690,998	10.38		660,637	10.33		639,531	10.99
Tier I & II capital to risk-weighted assets		790,916	11.88		811,375	12.68		811,322	13.94

Regulatory Capital – Bank
Tier I leverage (E)	$	705,511	8.96%	$	735,931	9.89%	$	714,365	9.99%
Tier I capital to risk-weighted assets (F)		705,511	10.60		735,931	11.52		714,365	12.29
Common equity tier I capital ratio to risk-weighted assets (G)		705,452	10.60		735,872	11.52		714,359	12.29
Tier I & II capital to risk-weighted assets (H)		775,370	11.65		807,580	12.64		787,170	13.54

(E) Regulatory well capitalized standard (including capital conservation buffer) = 4.00% ($315 million)

(F) Regulatory well capitalized standard (including capital conservation buffer) = 8.50% ($566 million)

(G) Regulatory well capitalized standard (including capital conservation buffer) = 7.00% ($466 million)

(H) Regulatory well capitalized standard (including capital conservation buffer) = 10.50% ($699 million)

PEAPACK-GLADSTONE FINANCIAL CORPORATION

LOANS CLOSED

(Dollars in Thousands)

(Unaudited)


	For the Quarters Ended
	June 30,		March 31,		Dec 31,		Sept 30,		June 30,
	2026		2026		2025		2025		2025
Residential loans retained	$	52,253	$	29,376	$	18,993	$	18,323	$	34,990
Residential loans sold		4,792		4,680		2,544		445		1,712
Total residential loans		57,045		34,056		21,537		18,768		36,702
Commercial real estate		136,077		138,570		130,790		78,825		24,086
Multifamily		46,500		31,825		100,611		47,991		73,350
Commercial (C&I) loans (A) (B)		383,129		274,269		358,468		453,554		200,671
SBA		—		11,445		2,666		6,821		7,090
Wealth lines of credit (A)		23,255		5,225		3,925		2,700		2,400
Total commercial loans		588,961		461,334		596,460		589,891		307,597
Installment loans		26,844		30,171		40,428		47,115		8,164
Home equity lines of credit (A)		4,369		6,638		3,929		11,755		5,154
Total loans closed	$	677,219	$	532,199	$	662,354	$	667,529	$	357,617

(A) Includes loans and lines of credit that closed in the period but not necessarily funded.

(B) Includes equipment finance.


	For the Six Months Ended
	June 30,		June 30,
	2026		2025
Residential loans retained	$	81,629	$	60,147
Residential loans sold		9,472		5,786
Total residential loans		91,101		65,933
Commercial real estate		274,647		71,366
Multifamily		78,325		80,150
Commercial (C&I) loans (A) (B)		657,398		457,953
SBA		11,445		13,018
Wealth lines of credit (A)		28,480		12,300
Total commercial loans		1,050,295		634,787
Installment loans		57,015		85,105
Home equity lines of credit (A)		11,007		9,959
Total loans closed	$	1,209,418	$	795,784

(A) Includes loans and lines of credit that closed in the period but not necessarily funded.

(B) Includes equipment finance.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

AVERAGE BALANCE SHEET

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)


	For the Three Months Ended
	June 30, 2026								June 30, 2025
	Average			Income/		Annualized			Average			Income/		Annualized
	Balance			Expense		Yield			Balance			Expense		Yield
ASSETS:
Interest-earning assets:
Investments:
Taxable (A)	$	902,433		$	6,947		3.08	%	$	1,037,598		$	8,370		3.23	%

Loans (B) (C):
Mortgages		674,171			8,121		4.82			640,955			7,138		4.45
Commercial mortgages		2,728,178			33,116		4.87			2,426,318			27,392		4.52
Commercial		2,854,290			45,245		6.34			2,539,929			42,015		6.62
Commercial construction		746			12		6.45			—			—		—
Installment		219,354			3,457		6.32			140,133			2,403		6.86
Home equity		57,084			973		6.84			50,613			946		7.48
Other		1,079			4		1.49			348			5		5.75
Total loans		6,534,902			90,928		5.58			5,798,296			79,899		5.51
Interest-earning deposits		321,314			2,550		3.18			183,584			1,618		3.53
Total interest-earning assets		7,758,649			100,425		5.19	%		7,019,478			89,887		5.12	%
Noninterest-earning assets:
Cash and due from banks		7,865								8,237
Allowance for credit losses		(66,991	)							(76,811	)
Premises and equipment		40,188								35,501
Other assets		131,214								130,550
Total noninterest-earning assets		112,276								97,477
Total assets	$	7,870,925							$	7,116,955

LIABILITIES:
Interest-bearing deposits:
Checking	$	3,810,661		$	25,306		2.66	%	$	3,558,108		$	29,116		3.27	%
Money markets		1,194,874			7,665		2.57			950,891			6,544		2.75
Savings		112,263			205		0.73			104,114			147		0.56
Certificates of deposit – retail		396,342			2,947		2.98			447,422			4,002		3.58
Subtotal interest-bearing deposits		5,514,140			36,123		2.63			5,060,535			39,809		3.15
Interest-bearing demand – brokered		—			—		—			9,121			110		4.82
Total interest-bearing deposits		5,514,140			36,123		2.63			5,069,656			39,919		3.15
Borrowings		15,087			154		4.09			44,656			505		4.52
Capital lease obligation		1,118			12		4.31			1,283			13		4.05
Subordinated debt		—			—		—			98,905			924		3.74
Total interest-bearing liabilities		5,530,345			36,289		2.63	%		5,214,500			41,361		3.17	%
Noninterest-bearing liabilities:
Demand deposits		1,528,479								1,172,535
Accrued expenses and other liabilities		106,295								108,020
Total noninterest-bearing liabilities		1,634,774								1,280,555
Shareholders’ equity		705,806								621,900
Total liabilities and shareholders’ equity	$	7,870,925							$	7,116,955
Net interest income				$	64,136							$	48,526
Net interest spread							2.56	%							1.95	%
Net interest margin (D)							3.32	%							2.77	%

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

AVERAGE BALANCE SHEET

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)


	For the Three Months Ended
	June 30, 2026								March 31, 2026
	Average			Income/		Annualized			Average			Income/		Annualized
	Balance			Expense		Yield			Balance			Expense		Yield
ASSETS:
Interest-earning assets:
Investments:
Taxable (A)	$	902,433		$	6,947		3.08	%	$	934,080		$	7,126		3.05	%

Loans (B) (C):
Mortgages		674,171			8,121		4.82			656,719			7,958		4.85
Commercial mortgages		2,728,178			33,116		4.87			2,678,193			31,551		4.71
Commercial		2,854,290			45,245		6.34			2,773,733			43,359		6.25
Commercial construction		746			12		6.45			576			9		6.25
Installment		219,354			3,457		6.32			199,070			2,994		6.02
Home equity		57,084			973		6.84			55,816			936		6.71
Other		1,079			4		1.49			627			5		3.19
Total loans		6,534,902			90,928		5.58			6,364,734			86,812		5.46
Interest-earning deposits		321,314			2,550		3.18			188,404			1,325		2.81
Total interest-earning assets		7,758,649			100,425		5.19	%		7,487,218			95,263		5.09	%
Noninterest-earning assets:
Cash and due from banks		7,865								8,692
Allowance for credit losses		(66,991	)							(71,767	)
Premises and equipment		40,188								39,336
Other assets		131,214								139,139
Total noninterest-earning assets		112,276								115,400
Total assets	$	7,870,925							$	7,602,618

LIABILITIES:
Interest-bearing deposits:
Checking	$	3,810,661		$	25,306		2.66	%	$	3,713,856		$	23,842		2.57	%
Money markets		1,194,874			7,665		2.57			1,070,606			6,368		2.38
Savings		112,263			205		0.73			111,872			193		0.69
Certificates of deposit – retail		396,342			2,947		2.98			411,628			3,099		3.01
Total interest-bearing deposits		5,514,140			36,123		2.63			5,307,962			33,502		2.52
Borrowings		15,087			154		4.09			45,262			432		3.82
Capital lease obligation		1,118			12		4.31			1,159			12		4.14
Subordinated debt		—			—		—			66,026			1,207		7.31
Total interest-bearing liabilities		5,530,345			36,289		2.63	%		5,420,409			35,153		2.59	%
Noninterest-bearing liabilities:
Demand deposits		1,528,479								1,405,577
Accrued expenses and other liabilities		106,295								111,095
Total noninterest-bearing liabilities		1,634,774								1,516,672
Shareholders’ equity		705,806								665,537
Total liabilities and shareholders’ equity	$	7,870,925							$	7,602,618
Net interest income				$	64,136							$	60,110
Net interest spread							2.56	%							2.50	%
Net interest margin (D)							3.32	%							3.26	%

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

AVERAGE BALANCE SHEET

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)


	For the Six Months Ended
	June 30, 2026								June 30, 2025
	Average			Income/					Average			Income/
	Balance			Expense		Yield			Balance			Expense		Yield
ASSETS:
Interest-earning assets:
Investments:
Taxable (A)	$	918,169		$	14,073		3.07	%	$	1,034,942		$	16,583		3.20	%

Loans (B) (C):
Mortgages		665,493			16,079		4.83			629,136			13,808		4.39
Commercial mortgages		2,703,324			64,667		4.82			2,405,546			53,571		4.45
Commercial		2,814,233			88,603		6.30			2,486,690			82,119		6.60
Commercial construction		662			21		6.40			—			—		—
Installment		209,268			6,451		6.22			123,910			4,196		6.77
Home equity		56,453			1,909		6.82			48,294			1,791		7.42
Other		854			9		2.13			326			10		6.13
Total loans		6,450,287			177,739		5.56			5,693,902			155,495		5.46
Interest-earning deposits		255,226			3,875		3.06			236,847			4,394		3.71
Total interest-earning assets		7,623,682			195,687		5.18	%		6,965,691			176,472		5.07	%
Noninterest-earning assets:
Cash and due from banks		8,277								8,308
Allowance for credit losses		(69,366	)							(75,618	)
Premises and equipment		39,764								32,743
Other assets		135,128								128,959
Total noninterest-earning assets		113,803								94,392
Total assets	$	7,737,485							$	7,060,083

LIABILITIES:
Interest-bearing deposits:
Checking	$	3,762,526		$	49,148		2.63	%	$	3,502,315		$	57,194		3.27	%
Money markets		1,133,083			14,033		2.50			966,481			13,261		2.74
Savings		112,069			398		0.72			105,088			265		0.50
Certificates of deposit – retail		403,943			6,046		3.02			457,742			8,365		3.65
Subtotal interest-bearing deposits		5,411,621			69,625		2.59			5,031,626			79,085		3.14
Interest-bearing demand – brokered		—			—		—			9,558			210		4.39
Total interest-bearing deposits		5,411,621			69,625		2.59			5,041,184			79,295		3.15
Borrowings		30,091			586		3.93			22,949			516		4.50
Capital lease obligation		1,138			24		4.25			1,303			27		4.14
Subordinated debt		32,831			1,207		7.41			112,697			2,363		4.19
Total interest-bearing liabilities		5,475,681			71,442		2.63	%		5,178,133			82,201		3.17	%
Noninterest-bearing liabilities:
Demand deposits		1,467,367								1,147,502
Accrued expenses and other liabilities		108,654								118,181
Total noninterest-bearing liabilities		1,576,021								1,265,683
Shareholders’ equity		685,783								616,267
Total liabilities and shareholders’ equity	$	7,737,485							$	7,060,083
Net interest income				$	124,245							$	94,271
Net interest spread							2.55	%							1.90	%
Net interest margin (D)							3.29	%							2.73	%

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

PEAPACK-GLADSTONE FINANCIAL CORPORATION

NON-GAAP FINANCIAL MEASURES RECONCILIATION

Tangible book value per share and tangible common equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible common equity by subtracting goodwill, other intangible assets and preferred stock from total shareholders’ equity. Tangible assets are calculated by subtracting goodwill, and other intangible assets from total assets. We calculate tangible book value per share by dividing tangible common equity by common shares outstanding, as compared to book value per common share, which we calculate by dividing total common equity by common shares outstanding at period end. We calculate tangible common equity as a percentage of tangible assets at period end by dividing tangible common equity by tangible assets at period end. Management believes these non-GAAP measures are useful to investors in assessing the amount of capital attributable to common shareholders and facilitate comparisons with other banking organizations that use similar measures.

The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue.

We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below.


	Three Months Ended
	June 30,			March 31,			Dec 31,			Sept 30,			June 30,
Tangible Book Value Per Share	2026			2026			2025			2025			2025
Shareholders’ equity	$	715,785		$	699,204		$	658,206		$	642,550		$	629,777
Less: preferred stock		30,000			30,000			—			—			—
Total common equity		685,785			669,204			658,206			642,550			629,777
Less: intangible assets, net		43,352			43,595			43,839			44,111			44,383
Tangible common equity	$	642,433		$	625,609		$	614,367		$	598,439		$	585,394

Period end shares outstanding		17,718,733			17,708,327			17,558,019			17,548,471			17,636,264
Tangible book value per share	$	36.26		$	35.33		$	34.99		$	34.10		$	33.19
Book value per share		38.70			37.79			37.49			36.62			35.71

Tangible Equity to Tangible Assets
Total assets	$	7,970,293		$	7,698,965		$	7,526,409		$	7,439,642		$	7,200,673
Less: intangible assets, net		43,352			43,595			43,839			44,111			44,383
Tangible assets	$	7,926,941		$	7,655,370		$	7,482,570		$	7,395,531		$	7,156,290

Tangible common equity to tangible assets		8.10	%		8.17	%		8.21	%		8.09	%		8.18	%
Common equity to assets		8.60	%		8.69	%		8.75	%		8.64	%		8.75	%

(Dollars in thousands, except per share data)


	Three Months Ended
	June 30,			March 31,			Dec 31,			Sept 30,			June 30,
Return on Average Tangible Equity	2026			2026			2025			2025			2025
Net income available to common shareholders	$	15,777		$	14,153		$	12,159		$	9,631		$	7,941

Average shareholders’ equity	$	705,806		$	665,537		$	647,645		$	629,091		$	621,900
Less: average preferred stock		30,000			2,000			—			—			—
Total average common equity		675,806			663,537			647,645			629,091			621,900
Less: average intangible assets, net		43,487			43,741			43,982			44,266			44,538
Total average tangible common equity	$	632,319		$	619,796		$	603,663		$	584,825		$	577,362

Return on average tangible common equity		9.98	%		9.13	%		8.06	%		6.59	%		5.50	%


	For the Six Months Ended
	June 30,			June 30,
Return on Average Tangible Equity	2026			2025
Net income available to common shareholders	$	29,930		$	15,536

Average shareholders’ equity	$	685,783		$	616,267
Less: average preferred stock		16,077			—
Total average common equity		669,706			616,267
Less: average intangible assets, net		43,614			44,676
Total average tangible common equity	$	626,092		$	571,591

Return on average tangible common equity		9.56	%		5.44	%

(Dollars in thousands)


	Three Months Ended
	June 30,			March 31,			Dec 31,			Sept 30,			June 30,
Efficiency Ratio	2026			2026			2025			2025			2025
Net interest income	$	63,921		$	59,896		$	56,542		$	50,573		$	48,290
Total other income		22,131			22,597			21,659			20,121			21,451
Add:
Fair value adjustment for CRA equity security		55			84			(56	)		(125	)		(42	)
Less:
Loss on loans held for sale at lower of cost or fair value		—			—			—			364			—
Income from life insurance proceeds		—			—			(161	)		—
Loss/(gain) on securities sale, net		—			81			—			—			(7	)
Gain on sale of property		—			—			(318	)		—			—
Gain on lease termination		—			—			—			—			(875	)
Total recurring revenue		86,107			82,658			77,666			70,933			68,817

Operating expenses		55,667			55,440			53,538			52,297			51,893
Total operating expense		55,667			55,440			53,538			52,297			51,893

Efficiency ratio		64.65	%		67.07	%		68.93	%		73.73	%		75.41	%


	For the Six Months Ended
	June 30,			June 30,
Efficiency Ratio	2026			2025
Net interest income	$	123,817		$	93,795
Total other income		44,728			40,305
Add:
Fair value adjustment for CRA equity security		139			(237	)
Less:
Loss/(gain) on loans held for sale at lower of cost or fair value		—			—
Income from life insurance proceeds		—			—
Gain on securities sale, net		81			(7	)
Gain on sale of property		—			—
Gain on lease termination		—			(875	)
Total recurring revenue		168,765			132,981

Operating expenses		111,107			101,333
Total operating expense		111,107			101,333

Efficiency ratio		65.84	%		76.20	%

The Q2 2026 Investor Update should be read in conjunction with the Q2 2026 Earnings Release issued on July 27, 2026. Investor Update Q2 2026 Exhibit 99.2

Strategic Execution Driving Stronger EarningsDelivering significant momentum through positive operating leverage See page 20 for notes and important information. Earnings Performance (YoY1) Banking & Wealth Momentum (YoY) Relationship-based growth in deposits, wealth, and loans is increasing franchise value EPS increased for a fifth consecutive quarter; core earnings2 growth for a seventh consecutive quarter + 23% Revenue Growth 9 consecutive quarters of growth + 7% OpEx Growth Normalization continues + 70% PPNR2 Growth 7 consecutive quarters of growth + 89% EPS 5 consecutive quarters of growth + 13% AUM/AUA Growth Consistent Growth from Wealth Anchor + 31% NIB DDA3 Growth Value Creation + 15% Loan Growth Consistent production NY Metro investments are maturing as expense growth normalizes, creating positive operating leverage Efficiency ratio improved for a seventh consecutive quarter to 65% Balance sheet repositioning, improved funding mix, and disciplined lending are supporting margin expansion Margin increased 51 bps over the past 3 quarters and 112 bps from its low in Q1 2024 Integrated banking and wealth capabilities are deepening relationship and increasing share of wallet Wealth Management new business inflows totaled $937 million over the last year, up $205 million in Q2

Second Quarter HighlightsContinuing to deliver shareholder value ($ in millions, except per share data) See page 20 for notes and important information. Strong Operating Leverage Revenue Growth outpaced Operating Expense Growth 10-to-1, resulting in core earnings1 growth of 12% QoQ Value Creation +6% QoQ in Earnings Per Share +3% QoQ in Tangible Book Value Per Share Momentum Across Franchise Wealth, Deposits, and Loans have grown more than 10% YoY

Strategic Repositioning Delivering Strong ResultsInvestments in talent, infrastructure, and brand continue to drive value Annualized PPNR ($ millions) March 2023 – July 2023: Three large bank failures and rapid increase in Fed Funds bring industry-wide volatility April 2024: Hired 13 teams and leadership for NYC May 2023: Hired a team of seasoned bankers in NYC April 2024 – Present: Execution & Inflection April 2025: NYC financial center Flagship opened The strategic investments made during industry stress has translated into: Earnings inflection following NYC launch Summer 2025: Hired new Head of CRE, Head of Equipment Finance, Senior Wealth Advisors, and 6 Long Island Teams January 2025: Rebranded as Peapack Private Bank & Trust Enhanced funding profile Balance sheet remix Disciplined lending Margin expansion Expense normalization Positive operating leverage

Core Deposit Growth Driving ValueNIB DDA represents 56% of deposit growth over LTM $6.8 $7.1 $6.4 31% NIB Growth over LTM ($ in billions) $6.6 $6.6 618 Average # of NIB DDA accounts opened over the last 5 quarters 683 658 515 636 598 35% of total QoQ growth was in NIB DDA Q2 2026 Improved Funding Mix YoY Q2 2025

Loan TrendsConsistent growth focused on our strengths in C&I and CRE Diversified Across 386 NAICS Codes Gross Loans1 $6.7 billion $6.3 $6.4 $6.7 $5.8 $6.0 ($ in billions) 15% C&I Growth YoY +15% YoY Loan Growth See page 20 for notes and important information.

Net Interest IncomeConsistently delivering positive operating leverage & NII growth Net Interest Income (millions) Net Interest Margin (%)

Margin ExpansionImproving asset yields while preserving funding cost Total Liabilities & Cost of Funds Interest-Earnings Assets & Yields Interest-Earning Assets (billions) Annualized Yield (%) Average Liabilities (billions) Annualized Cost (%)

Wealth ManagementAUM/AUA remained stable despite volatile market conditions Sustained Long-Term Growth Track record of sustained long-term growth, achieving a 10% CAGR over the past three years. Gross inflows of $205 million in Q2; $432 million YTD. Strength and Scalability Market leader with $13.9 billion in assets under management and administration at quarter end. High Value Client Relationships Average client relationship size of $4.8 million highlights Peapack Private’s focus on high net worth and ultra high net worth individuals and families. Strong Profitability and Operating Leverage Delivered a 41% EBITDA margin in FY 2025, illustrating disciplined cost management and operating efficiency. Comprehensive and Integrated Wealth Offering Peapack Private provides a holistic suite of services, including financial planning, investment management, trust and fiduciary services, and estate and tax planning — all grounded in personalized advice. Performance Insights $33.7 YTD Revenue +10% AUM/AUA Growth

Credit QualityProblem loans remain well-controlled 30-89 Days Past Due / Gross Loans Nonperforming Assets / Total Assets Disciplined credit management and workout activity continue to drive improvement in total criticized and classified assets Previously disclosed large multifamily relationship partially migrated to nonperforming this quarter, driving the nonperforming loan ratios higher and special mention loans lower. Relative to the ratios in the charts above, this relationship has a 54-basis point impact on criticized and classified, 29-basis point impact on 30 to 89 days past due, and 21-basis point impact on non-performing assets. Early-stage delinquencies decreased modestly in the quarter, showing improvement in the NY rent-regulated portfolio with a 19-basis point decline Problem loan trends remain contained with no evidence of broad-based credit deterioration Criticized & Classified Loans / Gross Loans Key Observations 1 1 1 See page 20 for notes and important information.

Positioned for Long-Term Growth & Compelling Returns Our long-term financial objectives include a 1.25%+ ROA and 14.00%+ ROE. Private bank style alternative to large banks in the Metro New York region; named a 2026 Top Private Bank and Wealth Management Firm1. Anchored by a scarce and valuable $13.9 billion wealth management franchise. Expansion strategy has transformed our liquidity profile and creates a scalable foundation for future growth. Wealth management and spread income creates a platform for earnings durability and capital creation. Commercial & Industrial growth is strengthening relationship depth across lending, deposits and wealth. Continued expansion of our $2.9 billion commercial lending business, complementary treasury management platform, and sell-side advisory services supports deeper client engagement and revenue growth. Investments in technology and artificial intelligence are enhancing operating efficiency, driving innovation and supporting the delivery of white glove client experience, with a focus on governance. We remain laser-focused on cultivating a strong client-centric culture, independently affirmed by industry recognition: AB Best Banks To Work For eight years in a row. Crain’s New York Business 2024 and 2025 Best Places to Work in NYC. See page 20 for notes and important information.

Statement Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and may include expressions about Management’s strategies and Management’s expectations about financial condition and operating results, new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as “expect,” “look,” “believe,” “anticipate,” “may,” or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to: 1) our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; 2) the impact of anticipated higher operating expenses in 2026 and beyond; 3) our ability to successfully integrate wealth management firm and team acquisitions; 4) our ability to successfully integrate our expanded employee base; 5) an unexpected decline in the economy, in particular in our New Jersey and New York market areas, including potential recessionary conditions; 6) declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; 7) adverse changes in securities markets; 8) impact from a pandemic event on our business, operations, customers, allowance for credit losses and capital levels; 9) higher than expected increases in our allowance for credit losses; 10) changes in the methodology and assumptions used to calculate the allowance for credit losses; 11) higher than expected increases in credit losses or in the level of delinquent, nonperforming, classified and criticized loans or charge-offs; 12) inflation and changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and lead to higher operating costs; 13) decline in real estate values within our market areas; 14) legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; 15) the imposition of tariffs, trade policies and other measures impacting our borrowers and/or the broader economy; 16) the impact of any federal government shutdown, debt ceiling impasses or fiscal uncertainty; 17) risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors; 18) higher than expected FDIC insurance premiums; 19) adverse weather conditions; 20) the current or anticipated impact of military conflict, terrorism or other geopolitical events; 21) our inability to successfully generate new business in new geographic markets, including our expansion into New York City and Long Island; 22) a reduction in our lower-cost funding sources; 23) changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; 24) our inability to adapt to technological changes; 25) claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; 26) our inability to retain key employees; 27) demand for loans and deposits in our market areas; 28) changes in New York City rent regulation law; 29) changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary and fiscal policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; 30) changes in accounting policies and practices; and/or 31) other unexpected material adverse changes in our financial condition, operations or earnings. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements.

Appendix A: Supplemental Information & Franchise Overview

Bedminster New York City Melville NEW YORK NEW JERSEY CONNECTICUT PENNSYLVANIA Greenville Rye Brook Princeton Morristown Summit Red Bank Lakewood Teaneck DE Peapack Private Bank & Trust Financial Centers Garden City Peapack PrivateThe Premier Alternative to the Mega Banks in Metropolitan New York $13.9B Wealth AUM 14% CAGR Since 2012 $7.1B Deposits 12% CAGR Since 2012 $6.7B Loans 14% CAGR Since 2012 Founded in 1921, Peapack Private is the boutique alternative to large banks in the Metropolitan New York region, delivering white glove service through a single point of contact model. Grounded in an established wealth franchise, Peapack Private has demonstrated the ability to scale and compete for over the past decade. Strategic expansion throughout Metropolitan New York has created shareholder value and performance continues to exceed expectations.

Investment Banking Broadens the firm’s capabilities with strategic advisory and capital markets expertise. Creates deeper connections for business-owner and middle-market relationships. Trust & Fiduciary Services Provides durable, relationship-based revenue through trust and estate services. Helps retain and transition wealth across generations. Financial & Retirement Planning Deepens client relationships through comprehensive, advice-led financial planning. Supports long-term asset retention and multigenerational client engagement. Personal Banking & Bespoke Credit Solutions Expands relationships with high net worth clients through tailored banking and credit solutions. Creates opportunities to meet client’s financial needs. Investment & Wealth Management Provides customized fiduciary approach to investment management. Supports growth in assets under management and strengthens long-term client retention. Peapack PrivateThe Premier Alternative to the Mega Banks in Metropolitan New York Commercial Banking Serves as a core driver of relationship growth across middle-market and commercial clients. Creates cross-selling opportunities across deposits, treasury management, wealth, and advisory services. Private Banker

Bespoke Credit SolutionsAddition of Peapack Marine Bespoke Credit Solutions Fine Arts and Collectibles Jumbo Residential Mortgage & HELOC Investment Credit Line Life Insurance Premium Finance Complex Credit Facilities Peapack Marine (Yacht Financing)

The Peapack Private Client Experience Net Promoter ScoreClient satisfaction substantially exceeds the U.S. Banking Industry Benchmark Elevated boutique banking experience Distinct alternative to large banks with a refined, client-first service philosophy Personalized, relationship-driven service modelDedicated Relationship Manager delivering tailored solutions Trusted advisor approach built on integrity Transparent, professional interactions that foster long-term client relationships High-touch, responsive client experience and ease of doing business Clear communication, efficient processes, and seamless client interactions Net Promoter Score Momentum 41 57 65 NPS up 24 Points Since 2023 Banking Industry Benchmark1 Based on Real Client Feedback See page 20 for notes and important information.

Rent-Regulated Multifamily Continues to remain resilient with no evidence of systemic deterioration $1.8 billion Multifamily Portfolio Portfolio continues to run off with limited new originations focused on fully-banked relationships Isolated credit migration with recent increases in early-stage delinquencies and special mention loans driven by a single relationship; underlying collateral performance is generally stable Overall exposure remains manageable and represents a relatively small portion of the balance sheet Core portfolio anchored by experienced operators with significant ownership basis, supporting underlying credit quality New York Rent Regulated Multifamily Key Observations

Appendix B: Notes & Financial Tables

Notes Strategic Execution Driving Stronger Earnings slide Year-over-year. See Non-GAAP Financial Measurement Reconciliation included in these appendices. Noninterest-bearing demand deposit account. Second Quarter Highlights slide See Non-GAAP Financial Measurement Reconciliation included in these appendices. See Non-GAAP Financial Measurement Reconciliation included in these appendices. Loan Trends slide 1) Gross loans include loans held for sale. Credit Quality slide 1) New York Rent Regulated Multifamily. Positioned for Long-Term Growth & Compelling Returns slide Named a Top Private Banking and Wealth Management Firm 2026 by the Editorial Board of the Financial Services Review. Net Promoter Score slide 1) U.S. Banking Industry benchmark data source is Qualtrics, an international leader in client surveys and net promoter score.

Balance Sheet & AUM/AUA Summary

Asset Quality 1) Related to one matured, well secured multifamily loan. Closing is pending resolution of certain legal matters. 2) Amounts reflect modifications that are paying according to modified terms. 3) Excludes modifications included in nonaccrual loans of $38.1 million at Juned 30, 2025, $36.0 million at December 31, 2025 and $21.6 million at June 30, 2026. 4) Includes one equipment financing relationship of $10.3 million that was in the process of restructuring at June 30, 2026. 5) Excludes provision of $9,000 at June 30, 2025, provision of $12,000 at December 31, 2025 and provision of $76,000 at June 30, 2026. 6) Includes charge-offs of $6.3 million related to two multifamily loans for the quarter ended December 31, 2025. Includes charge-offs of $4.8 million related to one multifamily loan and $995,000 related to one commercial mortgage for the quarter ended June 30, 2026. 7) Total ACL less reserves to individually evaluated equals collectively evaluated ACL.

Capital Summary 1) Tangible common equity is calculated by subtracting goodwill, other intangible assets and preferred stock from shareholders’ equity. Tangible assets is calculated by subtracting the balance of goodwill and other intangible assets from total assets. Tangible common equity as a percentage of tangible assets at quarter end is calculated by dividing tangible common equity by tangible assets at quarter end. See Non-GAAP financial measures reconciliation included in these tables. 2) Tangible book value per share excludes goodwill and other intangible assets. Tangible book value per share is calculated by dividing tangible common equity by quarter end common shares outstanding. See Non-GAAP financial measures reconciliation tables.

Quarterly Income Statement 1) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income available to common shareholders. See Non-GAAP financial measures reconciliation table.

Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. Pre-Provision Net Revenue (“PPNR”) is a non-GAAP financial measure used by the Company to assess the earnings available to absorb credit losses and support capital from its core banking operations. PPNR is defined as: Net interest income (GAAP) + Noninterest income (GAAP) − Noninterest expense (GAAP). It excludes the provision for credit losses and income tax expense. PPNR is not a substitute for net income as reported under GAAP, and the calculation may differ from similarly-named measures at other institutions.

Douglas L. Kennedy President & Chief Executive Officer (908) 719-6554 dkennedy@peapackprivate.com Frank A. Cavallaro Senior EVP & Chief Financial Officer (908) 306-8933 fcavallaro@peapackprivate.com CONTACTS John P. Babcock Senior EVP & President of Peapack Private Wealth Management (908) 719-3301 jbabcock@peapackprivate.com Matthew P. Remo SVP | Managing Principal – Treasurer & Head of Corporate Finance (908) 872-9899 mremo@peapackprivate.com CORPORATE HEADQUARTERS 500 Hills Drive, Suite 300 P.O. Box 700 Bedminster, New Jersey 07921 (908) 234-0700 peapackprivate.com

Source: View Original Filing on SEC EDGAR

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Earnings surge at Peapack-Gladstone (NASDAQ: PGC) as Q2 2026 revenue climbs 23%

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