Peapack-Gladstone Financial Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 24% YoY and net income reached $18.5 million as expenses declined QoQ. Strong loan and deposit pipelines, repricing and disciplined spending underpin guidance, while funding costs and multifamily credit remain watchpoints.
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Q2 saw strong revenue and profit growth, with net income up 11% sequentially and 99% year-over-year. Deposit and loan growth remained robust, though competition and credit headwinds persist, especially in multifamily. Capital and efficiency metrics improved.
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Core earnings rose for the sixth straight quarter, with net income up 86% year-over-year and strong loan and deposit growth. Margin expansion and disciplined capital actions supported improved profitability, while asset quality and liquidity remained robust amid a competitive market.