Peapack-Gladstone Financial Corporation (PGC)

PGC 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	301.59	290.76	278.17	195.2	147.81	155.79
Interest Income on Investments	43.78	37.05	25.84	16.68	12.25	9.96
Total Interest Income	345.37	327.8	304.01	211.88	160.07	165.75
Interest Paid on Deposits	165.77	168.21	122.88	29.49	14.22	28.84
Interest Paid on Borrowings	6.21	10.58	25.05	6.3	7.79	9.31
Total Interest Expense	171.98	178.8	147.92	35.8	22.01	38.15
Net Interest Income	173.38	149.01	156.09	176.08	138.06	127.6
Net Interest Income Growth (YoY)	21.58%	-4.54%	-11.35%	27.54%	8.20%	6.09%
Trust Income	62.01	61.46	55.75	54.65	52.99	40.86
Gain (Loss) on Sale of Assets	-	-	-	0.28	-	-
Gain (Loss) on Sale of Investments	1.27	0.83	0.18	-8.31	-0.43	0.28
Other Non-Interest Income	14.31	15.2	15.09	12.53	10.96	8.16
Total Non-Interest Income	78.94	78.89	73.54	66.39	71.79	61.76
Non-Interest Income Growth (YoY)	2.30%	7.27%	10.76%	-7.52%	16.24%	12.91%
Revenues Before Loan Losses	252.32	227.89	229.63	242.47	209.85	189.36
Provision for Loan Losses	14.02	7.5	14.09	6.35	6.48	32.4
Revenue	238.3	220.39	215.54	236.12	203.37	156.96
Revenue Growth (YoY)	16.62%	2.25%	-8.72%	16.10%	29.57%	-8.19%
Salaries and Employee Benefits	130.24	116.38	89.6	80.95	74.68	70.42
Occupancy Expenses	17.27	16.42	16.27	18.72	17.17	16.38
Federal Deposit Insurance	3.6	3.51	2.95	1.94	2.07	1.98
Selling, General & Administrative	15.04	14.12	16.26	10.41	8.47	8.73
Other Non-Interest Expense	27.42	24.96	22.66	21.58	22.9	17.76
Total Non-Interest Expense	193.56	175.39	147.73	133.6	125.29	119.69
EBT Excluding Unusual Items	44.74	45	67.81	102.52	78.08	37.28
Other Unusual Items	-	-	-	-	-0.65	-4.78
Pretax Income	44.69	44.95	67.28	102.34	77.66	32
Income Tax Expense	12.33	11.96	18.43	28.1	21.04	5.81
Net Income	32.36	32.99	48.85	74.25	56.62	26.19
Net Income to Common	32.36	32.99	48.85	74.25	56.62	26.19
Net Income Growth	-3.44%	-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)	-0.25%	-1.16%	-2.79%	-3.75%	1.11%	-1.70%
EPS (Basic)	1.84	1.87	2.74	4.09	3.01	1.39
EPS (Diluted)	1.81	1.85	2.71	4.00	2.93	1.37
EPS Growth	-3.50%	-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	27.59%	26.61%	27.39%	27.45%	27.09%	18.16%

Updated Jul 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q