Peapack-Gladstone Q3 EPS rises to $0.99 from $0.54 as revenue grows 24%
Peapack-Gladstone reported third-quarter 2026 net income available to common shareholders of $18.5 million, or $0.99 per diluted share, up from $9.6 million, or $0.54, a year earlier. Total revenue rose 24% year over year to $87.5 million, and operating expenses rose 5% year over year. The company also issued the remaining $20 million of its 6% convertible preferred stock and reinstated a 3% discount feature in its Dividend Reinvestment Plan.
Key points
- Net income available to common shareholders of $18.5 million, or $0.99 diluted EPS, versus $9.6 million, or $0.54, in Q3 2025
- Total revenue of $87.5 million, up 24% year over year; net interest income of $67.5 million, up 33%
- Remaining $20 million of 6% non-cumulative perpetual convertible preferred stock issued on July 24, 2026
- Dividend Reinvestment Plan share purchases at a 3% discount to market price take effect with the November 2026 dividend
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 October 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.