Peapack-Gladstone Q2 FY26 net income available to common shareholders rises 89% year over year to $15.8 million; revenue climbs 23% to $86.1 million
PGC•Peapack-Gladstone reports higher Q2 FY26 earnings and revenue
Peapack-Gladstone Financial posted Q2 2026 net income available to common shareholders of $15.8 million, up 11% from Q1; EPS rose to $0.85.
- Revenue climbed 23% year-over-year to $86.1 million.
- Net interest income rose 32% to $63.9 million, lifting net interest margin 55 basis points to 3.32%.
- Operating expenses increased 7% year-over-year to $55.7 million.
- Pre-provision net revenue jumped about 70% to $30.4 million, with GAAP efficiency ratio at 65%.
- Total loans grew to $6.7 billion, up $854 million year-over-year; deposits rose to $7.1 billion, up $694 million year-over-year.
- The company issued the remaining of a commitment on to support growth and capital flexibility.
