Peapack-Gladstone Financial Corporation (FRA:45V)

FRA:45V Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	317.66	290.76	278.17	195.2	147.81	155.79
Interest Income on Investments	37.05	37.05	25.84	16.68	12.25	9.96
Total Interest Income	354.71	327.8	304.01	211.88	160.07	165.75
Interest Paid on Deposits	157.85	168.21	122.88	29.49	14.22	28.84
Interest Paid on Borrowings	10.58	10.58	25.05	6.3	7.79	9.31
Total Interest Expense	168.43	178.8	147.92	35.8	22.01	38.15
Net Interest Income	186.28	149.01	156.09	176.08	138.06	127.6
Net Interest Income Growth (YoY)	29.56%	-4.54%	-11.35%	27.54%	8.20%	6.09%
Trust Income	62.66	61.46	55.75	54.65	52.99	40.86
Gain (Loss) on Sale of Assets	-	-	-	0.28	-	-
Gain (Loss) on Sale of Investments	0.92	0.83	0.18	-8.31	-0.43	0.28
Other Non-Interest Income	15.73	15.2	15.09	12.53	10.96	8.16
Total Non-Interest Income	80.12	78.89	73.54	66.39	71.79	61.76
Non-Interest Income Growth (YoY)	4.40%	7.27%	10.76%	-7.52%	16.24%	12.91%
Revenues Before Loan Losses	266.39	227.89	229.63	242.47	209.85	189.36
Provision for Loan Losses	17.59	7.5	14.09	6.35	6.48	32.4
Revenue	248.81	220.39	215.54	236.12	203.37	156.96
Revenue Growth (YoY)	18.63%	2.25%	-8.72%	16.10%	29.57%	-8.19%
Salaries and Employee Benefits	135.67	116.38	89.6	80.95	74.68	70.42
Occupancy Expenses	19.4	16.42	16.27	18.72	17.17	16.38
Federal Deposit Insurance	4.07	3.51	2.95	1.94	2.07	1.98
Selling, General & Administrative	14.12	14.12	16.26	10.41	8.47	8.73
Other Non-Interest Expense	27.95	24.96	22.66	21.58	22.9	17.76
Total Non-Interest Expense	201.2	175.39	147.73	133.6	125.29	119.69
EBT Excluding Unusual Items	47.61	45	67.81	102.52	78.08	37.28
Other Unusual Items	-	-	-	-	-0.65	-4.78
Pretax Income	47.56	44.95	67.28	102.34	77.66	32
Income Tax Expense	13.15	11.96	18.43	28.1	21.04	5.81
Net Income	34.41	32.99	48.85	74.25	56.62	26.19
Net Income to Common	34.41	32.99	48.85	74.25	56.62	26.19
Net Income Growth	6.37%	-32.48%	-34.20%	31.13%	116.18%	-44.78%
Basic Shares Outstanding	18	18	18	18	19	19
Diluted Shares Outstanding	18	18	18	19	19	19
Shares Change (YoY)	0.35%	-1.16%	-2.79%	-3.75%	1.11%	-1.70%
EPS (Basic)	1.95	1.87	2.74	4.09	3.01	1.39
EPS (Diluted)	1.93	1.85	2.71	4.00	2.93	1.37
EPS Growth	6.12%	-31.73%	-32.25%	36.52%	113.87%	-43.85%
Dividend Per Share	0.200	0.200	0.200	0.200	0.200	0.200
Effective Tax Rate	27.65%	26.61%	27.39%	27.45%	27.09%	18.16%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.