Peapack-Gladstone Financial Corporation Q2 2025 Financial Results FAQ
Summary
What were the key financial results reported by Peapack-Gladstone Financial Corporation for Q2 2025?
The company reported deposits grew to $6.4 billion, a 12% increase over the last twelve months, net income of $7.9 million, and diluted earnings per share of $0.45. Net interest income increased by 6% to $48.3 million compared to the previous quarter.
How has Peapack-Gladstone Financial Corporation’s expansion in Metro New York impacted its performance?
The expansion has driven deposit growth with over 700 new relationships, more than $1.3 billion in new core relationship deposit balances, and $464 million in loan balances, contributing to a third consecutive quarter of positive operating leverage.
What was the net interest margin for the quarter ended June 30, 2025?
The net interest margin increased to 2.77% for the quarter ended June 30, 2025, compared to 2.68% for the previous quarter and 2.25% for the same quarter in the previous year.
What are the highlights from the Wealth Management Division?
AUM/AUA totaled $12.3 billion at June 30, 2025, with new business inflows of $193 million for Q2 2025, and Wealth Management fee income was $15.9 million, accounting for 23% of total revenue for the quarter.
What strategic moves did Peapack-Gladstone Financial Corporation make in Q2 2025?
The company added five production teams in Long Island and rebranded to Peapack Private Bank & Trust, aligning with its strategy to become the premier boutique private bank in Metro New York.
How did the Commercial Banking and Balance Sheet Management perform?
Total loans increased by $304 million to $5.8 billion, with commercial and industrial lending accounting for 58% of new business originations and growing to 44% of the total loan portfolio.
Where can I find more detailed information about Peapack-Gladstone Financial Corporation’s Q2 2025 results?
More detailed information is available in the Company’s Q2 2025 Investor Update on their website at www.peapackprivate.com and via a Current Report on Form 8-K on the SEC’s website at www.sec.gov.
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