Peapack-Gladstone

Q2 FY2026 EarningsFY26 Q2 beat consensus across top and bottom-line metrics: total revenue of $86.1M vs. $85.2M expected, and diluted EPS of $0.86 vs. $0.875 expected (slightly lower due to preferred dividends). Net interest income surged 32% YoY to $63.9M, driven by an 11% increase in interest-earning assets and significant NIM expansion to 3.32% (+55 bps YoY). Despite rising operating expenses from strategic expansion into New York City, pretax income of $22.3M substantially exceeded expectations, and the Wealth Management division maintained strong momentum with $13.9B in AUM.