Every 8-K that Peapack-Gladstone Financial Corp (PGC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PGC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PGC filings page.
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.
Peapack-Gladstone Financial Corporation reported shareholder voting results from its Annual Meeting and shared a detailed update on its 2025 performance and strategy. All thirteen director nominees were elected, executive compensation received majority support, and Crowe LLP was ratified as independent auditor for 2026.
The company highlighted strong 2025 momentum: core relationship deposits grew by $828 million, including $316 million in noninterest-bearing balances, supporting a 35% increase in net interest income and higher net interest margin. Pre-provision net revenue rose 45%, while earnings growth drove a 33% increase in EPS and 10% growth in tangible book value per share. Loans grew 13%, largely in diversified commercial and industrial lending, and wealth management assets reached a record $13.1 billion, supported by long-term double-digit growth and a 41% EBITDA margin.
Peapack-Gladstone Financial Corporation filed an amended report to correct first quarter 2026 equity metrics. The company discovered an error in how a March 2026 preferred stock issuance was treated when calculating book value and related ratios.
As of March 31, 2026, book value per common share was revised from $39.48 to $37.79, tangible book value per common share from $37.02 to $35.33, and tangible equity to tangible assets from 8.56% to 8.17%. The company states this correction does not affect reported net income, operating results, cash flows, or regulatory capital ratios.
The filing notes that Peapack-Gladstone had total assets of $7.7 billion and assets under management and/or administration of $13.1 billion as of March 31, 2026, reflecting the scale of its banking and wealth management operations.
Peapack-Gladstone Financial Corporation reported strong first quarter 2026 results, highlighted by higher earnings, loan and deposit growth, and stronger capital. Net income reached $14.2 million, or $0.80 per diluted share, up from $12.2 million, or $0.69, in the previous quarter and $7.6 million, or $0.43, a year earlier.
Total revenue rose to $82.5 million, with net interest income of $59.9 million and a net interest margin of 3.26%, reflecting improved loan yields and a better funding mix. Loans grew to $6.4 billion and deposits to $6.8 billion, supported by strong growth in noninterest-bearing accounts. Wealth management remained a key contributor, with $13.1 billion in assets under management and administration and $16.5 million of fee income.
Asset quality improved as nonperforming assets fell to $59.3 million, or 0.77% of total assets, while allowance coverage remained solid at 1.04% of total loans. The company redeemed $100 million of subordinated debt and completed a $30 million private placement of 6.00% Series B Non-Cumulative Convertible Preferred Stock, helping lift shareholders’ equity to $699 million and tangible book value per share to $37.02. The board declared a $0.05 per-share cash dividend.
Peapack-Gladstone Financial Corporation completed a private placement of 30,000 shares of newly created 6.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series B, for gross proceeds of $30.0 million. The shares were sold at $1,000 per share to affiliates of Strategic Value Bank Partners under a Regulation D exemption.
Under the same purchase agreement, the company can, in its sole discretion, sell an additional 20,000 preferred shares, providing a total preferred stock commitment of $50 million through December 31, 2027. The preferred stock carries a 6.00% annual dividend, is non-callable for five years, then redeemable at liquidation preference subject to regulatory approval.
Each preferred share is convertible at the holder’s option, generally after five years or upon a change in control, into 26.3157 shares of common stock based on a $1,000 liquidation preference and a $38.00 conversion price, with customary anti-dilution adjustments. The company expects the issuance to qualify as Tier 1 capital and plans to use net proceeds for general corporate purposes, including supporting growth, potential acquisitions, and debt reduction or refinancing.
Peapack-Gladstone Financial Corporation filed an amendment to a prior report to add board committee assignments for two recently appointed directors. The earlier filing had announced the appointments of Diane D’Erasmo and Ellen C. Walsh but did not yet specify their committee roles.
At a Board meeting held on February 26, 2026, the Board appointed Ms. D’Erasmo to the Risk Committee and the Technology Committee, and appointed Ms. Walsh to the Risk Committee and the Compensation Committee. These committee appointments were immediately effective.
Peapack-Gladstone Financial Corporation plans to redeem all of its $100,000,000 aggregate principal amount of 3.50% Fixed-to-Floating Rate Subordinated Notes due December 22, 2030. The notes will be redeemed at 100% of principal plus accrued and unpaid interest, with redemption expected on or about March 2, 2026.
The company states it will remain well capitalized after this redemption, indicating that regulatory capital levels are expected to stay strong even after the subordinated debt is retired.
Peapack-Gladstone Financial Corporation approved new performance-based restricted stock unit awards for its top leaders to encourage long-term retention and performance through December 31, 2028. Douglas Kennedy, President and CEO, received 50,000 RSUs at 100% of target, and John Babcock, Senior Executive Vice President and President of Private Wealth Management, received 32,000 RSUs at 100% of target.
The RSUs are earned over three annual performance periods ending December 31, 2026, 2027 and 2028, based on specific metrics. For Mr. Kennedy, all RSUs depend on the Company’s 30-day average stock price. For Mr. Babcock, 50% depend on the same stock price metric, 30% on wealth management assets under management, and 20% on the wealth management division’s net direct margin. Earned RSUs cliff vest on December 31, 2028, with vesting and forfeiture rules tied to continued employment, certain termination events and change in control outcomes.
Peapack-Gladstone Financial Corporation filed a current report to share its latest financial results and investor materials. The company issued a press release reporting earnings and other financial results for the three and twelve months ended December 31, 2025, which is furnished as Exhibit 99.1.
The company also provided an investor presentation for the fourth quarter of 2025, furnished as Exhibit 99.2. Both exhibits are presented as “furnished” rather than “filed” under securities laws, which limits their use in certain legal contexts but still makes the information available to investors.
Peapack-Gladstone Financial Corporation (PGC) furnished an update on quarterly results. The company reported that it issued a press release covering earnings and other financial results for the three and nine months ended September 30, 2025, and made an accompanying investor presentation available. The materials were furnished, not filed, under the Exchange Act, meaning they are not subject to Section 18 liabilities.
Exhibit 99.1 is the earnings press release dated October 22, 2025, and Exhibit 99.2 is the investor presentation for the third quarter of 2025.