Revenue: As of FY2025, the actual value is USD 444.61 M.EPS: As of FY2025, the actual value is USD 2.1, beating the estimate of USD 2.05.EBIT: As of FY2025, the actual value is USD -148.6 M.<h4>Wealth Management Segment</h4><ul><li>Assets Under Management and/or Administration (Market Value):<ul><li>$13.1 billion as of December 31, 2025, an increase of $1.2 billion or 10% from $11.9 billion as of December 31, 2024.</li><li>$11.9 billion as of December 31, 2024, an increase of $1.0 billion from $10.9 billion as of December 31, 2023.</li></ul></li><li>Wealth Management Fee Income:<ul><li>$63.240 million in 2025, an increase of $1.782 million from $61.458 million in 2024.</li><li>$61.458 million in 2024, an increase of $5.711 million from $55.747 million in 2023.</li><li>Comprised 22% of the Company’s total revenue for 2025.</li></ul></li><li>Trust Department Expense:<ul><li>$4.385 million in 2025, an increase of $0.371 million from $4.014 million in 2024.</li><li>$4.014 million in 2024, an increase of $0.177 million from $3.837 million in 2023.</li></ul></li></ul><h4>Banking Segment (Implied by Company-Wide Metrics, Loans, and Deposits)</h4><ul><li>Net Interest Income (FTE Basis):<ul><li>$201.9 million in 2025, an increase of $51.8 million or 35% from $150.1 million in 2024.</li><li>$150.1 million in 2024, a decrease of - $7.605 million from $157.665 million in 2023.</li></ul></li><li>Net Interest Margin (NIM):<ul><li>2.84% for 2025, an increase of 52 basis points from 2.32% for 2024.</li><li>2.32% for 2024, a decrease of -0.16% from 2.48% for 2023.</li></ul></li><li>Interest Income:<ul><li>$362.525 million in 2025, an increase of $34.724 million from $327.801 million in 2024.</li><li>$327.801 million in 2024, an increase of $23.791 million from $304.010 million in 2023.</li></ul></li><li>Interest Expense:<ul><li>$161.615 million in 2025, a decrease of - $17.180 million from $178.795 million in 2024.</li><li>$178.795 million in 2024, an increase of $30.874 million from $147.921 million in 2023.</li></ul></li><li>Provision for Credit Losses:<ul><li>$23.518 million in 2025, an increase of $16.018 million from $7.500 million in 2024.</li><li>$7.500 million in 2024, a decrease of - $6.591 million from $14.091 million in 2023.</li></ul></li><li>Total Loans:<ul><li>$6.3 billion as of December 31, 2025, an increase of $741.4 million or 13% from $5.5 billion as of December 31, 2024.</li><li>$5.5 billion as of December 31, 2024, an increase of $83.001 million from $5.429 billion as of December 31, 2023.</li><li>Loan Composition (as of December 31, 2025):<ul><li>C&amp;I loans (including equipment finance loans): 44% of total loan portfolio, totaling $2.7 billion.</li><li>Multifamily loans: 30% of total loan portfolio, totaling $1.9 billion.</li><li>Commercial mortgages: 12% of total loan portfolio, totaling $774.4 million.</li><li>Residential mortgages: 10% of total loan portfolio, totaling $647.8 million.</li></ul></li></ul></li><li>Total Deposits:<ul><li>$6.6 billion as of December 31, 2025, an increase of $460.0 million or 8% from $6.1 billion as of December 31, 2024.</li><li>$6.1 billion as of December 31, 2024, an increase of $854.908 million from $5.274 billion as of December 31, 2023.</li><li>Deposit Composition (as of December 31, 2025):<ul><li>Noninterest-bearing demand deposits: $1.4 billion, an increase of $316.0 million or 28% from December 31, 2024.</li><li>Core deposits (noninterest-bearing demand, interest-bearing demand, savings, money market): 94% of total deposits.</li></ul></li></ul></li><li>Allowance for Credit Losses (ACL):<ul><li>$71.0 million as of December 31, 2025, a decrease of - $1.953 million from $72.992 million as of December 31, 2024.</li><li>ACL as a percentage of total loans outstanding: 1.14% as of December 31, 2025, down from 1.32% as of December 31, 2024.</li></ul></li><li>Net Charge-offs:<ul><li>$25.554 million in 2025, an increase from $0.392 million in 2024.</li></ul></li><li>Nonperforming Loans:<ul><li>$68.243 million as of December 31, 2025, a decrease from $100.168 million as of December 31, 2024.</li></ul></li><li>Federal Home Loan Bank (FHLB) Advances:<ul><li>Amount outstanding: $73.267 million as of December 31, 2025, compared to $0 at December 31, 2024.</li><li>Average daily balance: $12.067 million in 2025, a decrease from $65.299 million in 2024.</li></ul></li><li>Subordinated Debt:<ul><li>$105.781 million as of December 31, 2025, a decrease from $133.413 million as of December 31, 2024.</li></ul></li><li>Investment Securities:<ul><li>Held to maturity: $95.862 million (amortized cost) as of December 31, 2025, compared to $101.635 million as of December 31, 2024.</li><li>Available for sale: $774.203 million (estimated fair value) as of December 31, 2025, compared to $784.544 million as of December 31, 2024.</li><li>Net unrealized loss on available-for-sale securities: - $49.3 million (net of tax) as of December 31, 2025, compared to - $72.1 million (net of tax) as of December 31, 2024.</li></ul></li><li>Other Income (excluding Wealth Management Fee Income):<ul><li>Total other income: $18.845 million in 2025, an increase of $1.181 million from $17.664 million in 2024.</li><li>Gain on sale of SBA loans: $1.584 million in 2025, an increase of $0.370 million from $1.214 million in 2024.</li><li>Fee income related to loan level, back-to-back swaps: $0.492 million in 2025, compared to $0 in 2024.</li></ul></li><li>Operating Expenses:<ul><li>Total operating expense: $207.168 million in 2025, an increase of $31.492 million or 18% from $175.676 million in 2024.</li><li>Compensation and employee benefits: $145.492 million in 2025, an increase of $23.167 million from $122.325 million in 2024.</li><li>FDIC assessment: $4.810 million in 2025, an increase of $1.300 million from $3.510 million in 2024.</li></ul></li></ul><h4>Outlook / Guidance</h4>Peapack-Gladstone Financial Corporation anticipates continued profitable growth in 2026, driven by its private banking model in the Metropolitan New York region, supported by a scalable foundation and a capital strategy designed for business expansion and stability in stressed environments. The company’s stress tests indicate it remains well capitalized over a two-year period under severely adverse, no-growth scenarios. However, the company expects higher operating expenses in 2026 and beyond, necessitating revenue generation to offset these costs, especially with expansion into new geographic markets.

Peapack-Gladstone | 10-K: FY2025 Revenue: USD 444.61 M