For the year ending 2025-12-31, PGC had -$203,547K decrease in cash & cash equivalents over the period. $28,815K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net interest income | 200,910 |
| Noninterest income | 82,085 |
| Total income | 282,995 |
| Provision For Doubtful Accounts | 23,518 |
| Provision for credit losses | 23,518 |
| Compensation and benefits | 145,492 |
| Premises and equipment expense | 22,498 |
| Depreciation expense | 4,115 |
| Federal Deposit Insurance Corporation Premium Expense Benefit | 4,810 |
| Fdic insurance expense | 4,810 |
| Other noninterest expense | 30,253 |
| Total noninterest expense | 230,686 |
| Income before income tax expense | 52,309 |
| Income tax expense | 14,983 |
| Net income | 37,326 |
| Depreciation | 4,115 |
| Amortization of premium and accretion of discount on securities, net | 85 |
| Amortization of restricted stock | 5,320 |
| Amortization of intangible assets | 1,087 |
| Amortization of subordinated debt costs | 469 |
| Provision for credit losses | 23,518 |
| Stock-based compensation and employee stock purchase plan expense | 199 |
| Deferred tax expense/(benefit) | 7,784 |
| Fair value adjustment for equity security | 418 |
| Gain on sale of securities, available for sale, net | 7 |
| Proceeds from sales of loans held for sale | 29,217 |
| Loans originated for sale | 23,794 |
| Gain on loans held for sale | 1,716 |
| Loss/(gain) on loans held for sale at lower of cost or fair value | -364 |
| Loss on disposal of fixed assets | -304 |
| Gain on life insurance death benefit | 8 |
| Increase in cash surrender value of life insurance, net | 48 |
| (increase)/decrease in accrued interest receivable | 2,073 |
| Increase in other assets | 15,351 |
| (decrease)/increase in accrued expenses and other liabilities | -23,071 |
| Net cash provided by operating activities | 43,132 |
| Principal repayments, maturities and calls of securities held to maturity | 5,693 |
| Principal repayments, maturities and calls of securities available for sale | 722,821 |
| Redemptions for fhlb & frb stock | 27,081 |
| Sales of securities available for sale | 53,182 |
| Purchase of securities available for sale | 733,429 |
| Purchase of fhlb & frb stock | 29,313 |
| Proceeds from sale of loans held for sale at lower of cost or fair value | -886 |
| Net increase in loans, net of participations sold | 768,131 |
| Purchases of premises and equipment | 14,317 |
| Disposal of premises and equipment | 237 |
| Net cash used in investing activities | -735,764 |
| Net increase in deposits | 459,957 |
| Net increase/(decrease) in short-term borrowings | 73,267 |
| Dividends paid on common stock | 3,521 |
| Exercise of stock options, net of stock swaps | 0 |
| Restricted stock repurchased on vesting to pay taxes | 1,249 |
| Issuance of restricted stock | 0 |
| Redemption of subordinated debt | 35,000 |
| Equity adjustment related to reit minority interest | -58 |
| Issuance of shares for employee stock purchase plan | 1,133 |
| Shares repurchased | 5,444 |
| Net cash provided by financing activities | 489,085 |
| Net (decrease)/increase in cash and cash equivalents | -203,547 |
| Cash and cash equivalents at beginning of period | 391,367 |
| Cash and cash equivalents at end of period | 187,820 |
PEAPACK GLADSTONE FINANCIAL CORP (PGC)
PEAPACK GLADSTONE FINANCIAL CORP (PGC)