--- title: "Peapack-Gladstone | 10-K: FY2025 Revenue: USD 444.61 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/278762398.md" datetime: "2026-03-11T18:00:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278762398.md) - [en](https://longbridge.com/en/news/278762398.md) - [zh-HK](https://longbridge.com/zh-HK/news/278762398.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278762398.md) | [繁體中文](https://longbridge.com/zh-HK/news/278762398.md) # Peapack-Gladstone | 10-K: FY2025 Revenue: USD 444.61 M 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. #### Wealth Management Segment - **Assets Under Management and/or Administration (Market Value)**: - $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. - $11.9 billion as of December 31, 2024, an increase of $1.0 billion from $10.9 billion as of December 31, 2023. - **Wealth Management Fee Income**: - $63.240 million in 2025, an increase of $1.782 million from $61.458 million in 2024. - $61.458 million in 2024, an increase of $5.711 million from $55.747 million in 2023. - Comprised 22% of the Company’s total revenue for 2025. - **Trust Department Expense**: - $4.385 million in 2025, an increase of $0.371 million from $4.014 million in 2024. - $4.014 million in 2024, an increase of $0.177 million from $3.837 million in 2023. #### Banking Segment (Implied by Company-Wide Metrics, Loans, and Deposits) - **Net Interest Income (FTE Basis)**: - $201.9 million in 2025, an increase of $51.8 million or 35% from $150.1 million in 2024. - $150.1 million in 2024, a decrease of - $7.605 million from $157.665 million in 2023. - **Net Interest Margin (NIM)**: - 2.84% for 2025, an increase of 52 basis points from 2.32% for 2024. - 2.32% for 2024, a decrease of -0.16% from 2.48% for 2023. - **Interest Income**: - $362.525 million in 2025, an increase of $34.724 million from $327.801 million in 2024. - $327.801 million in 2024, an increase of $23.791 million from $304.010 million in 2023. - **Interest Expense**: - $161.615 million in 2025, a decrease of - $17.180 million from $178.795 million in 2024. - $178.795 million in 2024, an increase of $30.874 million from $147.921 million in 2023. - **Provision for Credit Losses**: - $23.518 million in 2025, an increase of $16.018 million from $7.500 million in 2024. - $7.500 million in 2024, a decrease of - $6.591 million from $14.091 million in 2023. - **Total Loans**: - $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. - $5.5 billion as of December 31, 2024, an increase of $83.001 million from $5.429 billion as of December 31, 2023. - **Loan Composition (as of December 31, 2025)**: - C&I loans (including equipment finance loans): 44% of total loan portfolio, totaling $2.7 billion. - Multifamily loans: 30% of total loan portfolio, totaling $1.9 billion. - Commercial mortgages: 12% of total loan portfolio, totaling $774.4 million. - Residential mortgages: 10% of total loan portfolio, totaling $647.8 million. - **Total Deposits**: - $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. - $6.1 billion as of December 31, 2024, an increase of $854.908 million from $5.274 billion as of December 31, 2023. - **Deposit Composition (as of December 31, 2025)**: - Noninterest-bearing demand deposits: $1.4 billion, an increase of $316.0 million or 28% from December 31, 2024. - Core deposits (noninterest-bearing demand, interest-bearing demand, savings, money market): 94% of total deposits. - **Allowance for Credit Losses (ACL)**: - $71.0 million as of December 31, 2025, a decrease of - $1.953 million from $72.992 million as of December 31, 2024. - ACL as a percentage of total loans outstanding: 1.14% as of December 31, 2025, down from 1.32% as of December 31, 2024. - **Net Charge-offs**: - $25.554 million in 2025, an increase from $0.392 million in 2024. - **Nonperforming Loans**: - $68.243 million as of December 31, 2025, a decrease from $100.168 million as of December 31, 2024. - **Federal Home Loan Bank (FHLB) Advances**: - Amount outstanding: $73.267 million as of December 31, 2025, compared to $0 at December 31, 2024. - Average daily balance: $12.067 million in 2025, a decrease from $65.299 million in 2024. - **Subordinated Debt**: - $105.781 million as of December 31, 2025, a decrease from $133.413 million as of December 31, 2024. - **Investment Securities**: - Held to maturity: $95.862 million (amortized cost) as of December 31, 2025, compared to $101.635 million as of December 31, 2024. - Available for sale: $774.203 million (estimated fair value) as of December 31, 2025, compared to $784.544 million as of December 31, 2024. - 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. - **Other Income (excluding Wealth Management Fee Income)**: - Total other income: $18.845 million in 2025, an increase of $1.181 million from $17.664 million in 2024. - Gain on sale of SBA loans: $1.584 million in 2025, an increase of $0.370 million from $1.214 million in 2024. - Fee income related to loan level, back-to-back swaps: $0.492 million in 2025, compared to $0 in 2024. - **Operating Expenses**: - Total operating expense: $207.168 million in 2025, an increase of $31.492 million or 18% from $175.676 million in 2024. - Compensation and employee benefits: $145.492 million in 2025, an increase of $23.167 million from $122.325 million in 2024. - FDIC assessment: $4.810 million in 2025, an increase of $1.300 million from $3.510 million in 2024. #### Outlook / Guidance 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. ### Related Stocks - [Peapack-Gladstone Financial Corporation (PGC.US)](https://longbridge.com/en/quote/PGC.US.md) ## Related News & Research - [Peapack Private Promotes Lisa Brandi to Senior Vice President, Treasury Management Sales](https://longbridge.com/en/news/281415170.md) - [Klarna Agrees to $1.7 Billion Transaction Supporting up to $40B+ of Lending | KLAR Stock News](https://longbridge.com/en/news/281356307.md) - [Indian bank's gross advances up 13.6% y/y as of March-end](https://longbridge.com/en/news/281374959.md) - [Yes Bank Posts Double-Digit Growth in Loans and Deposits in Q4 FY26](https://longbridge.com/en/news/281688653.md) - [Banco Santander Readies Major Risk Transfers Tied to US, UK Loans](https://longbridge.com/en/news/281385751.md)