FAQ: Peapack-Gladstone Financial Corporation Q3 2025 Financial Results

What were Peapack-Gladstone Financial Corporation’s key financial results for Q3 2025?

The company recorded net income of $9.6 million and diluted earnings per share of $0.54 for the quarter ended September 30, 2025, representing a 21% increase compared to the previous quarter.

How did the company’s deposit and loan performance compare year-to-date?

Through the first nine months of 2025, deposits grew $433 million (7%) to $6.6 billion, while loans grew $506 million at a weighted average coupon of 6.75%, resulting in an incremental spread of more than 400 basis points.

What was the trend in net interest income and margin?

Net interest income increased 5% to $50.6 million for Q3 2025 compared to the previous quarter, while the net interest margin improved to 2.81% from 2.77% in Q2 2025 and 2.34% in Q3 2024.

How successful has the company’s Metro New York expansion been?

Over the past two years, newly hired teams have onboarded more than 850 new client relationships, adding over $1.75 billion in core relationship deposits and more than $900 million in new loans.

What were the key highlights for the Wealth Management division?

Assets under management/administration grew by $1.0 billion to $12.9 billion, with Q3 2025 new business inflows of $214 million and wealth management fee income of $15.8 million representing 22% of total revenue.

How did the company address problem assets during the quarter?

The company aggressively addressed problem credits, with nonperforming assets declining by $31 million in the quarter, focusing on capital preservation through active management of problem assets.

What strategic hires were made in the third quarter?

The company expanded its equipment finance group by adding an experienced team in Long Island and hired three New York-based wealth advisors to capitalize on growing market presence.

Where can investors find more detailed financial information?

The Q3 2025 Investor Update is available on the company’s website at www.peapackprivate.com and via a Current Report on Form 8-K on the SEC website at www.sec.gov.

What is the significance of the company’s transformation into Peapack Private Bank & Trust?

This transformation reflects the company’s evolution toward becoming the premier boutique private bank serving Metro New York, leveraging its expanded presence and professional talent in the region.