Peapack-Gladstone Q2 net income rises to $15.8 million, $0.85 diluted EPS
Peapack-Gladstone Financial reported second quarter 2026 net income available to common shareholders of $15.8 million, or $0.85 per diluted share, up from $14.2 million and $0.80 in the first quarter and $7.9 million and $0.45 a year earlier. Total revenue rose 23% year-over-year to $86.1 million, while nonperforming assets increased to $72.2 million. The company also issued the remaining $20 million of 6% convertible preferred stock on July 24, 2026.
Key points
- Net income available to common shareholders of $15.8 million, or $0.85 per diluted share, for the quarter ended June 30, 2026
- Total revenue of $86.1 million, up 23% year-over-year, the ninth consecutive quarter of revenue growth
- Nonperforming assets rose to $72.2 million from $59.3 million at March 31, 2026, mainly due to one multifamily relationship moving to nonaccrual status
- $20 million of 6% non-cumulative perpetual convertible preferred stock issued on July 24, 2026, under a commitment from Strategic Value Bank Partners
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.