Peapack Gladstone Financial 10-K: Net income $37.3M, EPS $2.10

Peapack Gladstone Financial reported a net income of $37.3 million for the year, a 13% increase from the previous year, with diluted earnings per share of $2.10. The growth was attributed to higher net interest income and increased wealth management fees, despite a rise in operating expenses. Wealth management fees accounted for 22% of total revenue, with total operating expenses increasing by 18%. Assets under management grew to $13.1 billion, and total loans rose to $6.3 billion, reflecting strong commercial lending expansion.