Peapack-Gladstone Financial Reports Strong Q3 2025 Performance
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Peapack-Gladstone Financial Corporation reported strong Q3 2025 results, with a net income of $9.6 million and a 21% increase in diluted earnings per share. Key growth drivers included a 7% rise in deposits to $6.6 billion and a 9% increase in loans to $6.0 billion. The wealth management division's assets under management grew to $12.9 billion, contributing $15.8 million in fee income. The net interest margin improved to 2.81%, and nonperforming assets decreased by $31 million. The company is focused on capital preservation and is optimistic about future growth.
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