For the quarter ending 2025-09-30, PGC had $31,584K increase in cash & cash equivalents over the period. $34,000K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net interest income | 144,368 | - |
| Noninterest income | 60,426 | - |
| Total income | 204,794 | - |
| Provision For Doubtful Accounts | 15,847 | - |
| Provision for credit losses | 15,847 | - |
| Compensation and employee benefits | 108,696 | - |
| Premises and equipment expense | 16,483 | - |
| Depreciation expense | 1,067 | - |
| Federal Deposit Insurance Corporation Premium Expense Benefit | 3,245 | - |
| Fdic insurance expense | 3,245 | - |
| Other operating expense | 22,218 | - |
| Total operating expense | 169,477 | - |
| Income before income tax expense | 35,317 | - |
| Income tax expense | 10,150 | - |
| Net income | 9,631 | 15,536 |
| Depreciation | 1,067 | 1,921 |
| Amortization of premium and accretion of discount on securities, net | -6 | 59 |
| Amortization of restricted stock | 1,233 | 2,846 |
| Amortization of intangible assets | 273 | 543 |
| Amortization of subordinated debt costs | 48 | 372 |
| Provision for credit losses | 4,790 | 11,057 |
| Deferred tax benefit | -228 | -2,691 |
| Stock-based compensation and employee stock purchase plan expense | 56 | 95 |
| Fair value adjustment for equity security | 125 | 237 |
| Gain on securities available for sale | 0 | 7 |
| Loans originated for sale | 5,726 | 13,423 |
| Proceeds from sales of loans held for sale | 3,132 | 17,435 |
| Gain on loans held for sale | 209 | 913 |
| Loss/(gain) on loans held for sale at lower of cost or fair value | -364 | - |
| (gain)/loss on disposal of fixed assets | 15 | -6 |
| Increase in cash surrender value of life insurance, net | 142 | 258 |
| Increase in accrued interest receivable | 911 | 3,311 |
| Increase in other assets | 5,818 | -3,117 |
| Increase in accrued expenses and other liabilities | 28,760 | -23,959 |
| Net cash provided by operating activities | 36,186 | 8,070 |
| Principal repayments, maturities and calls of securities available for sale | 169,027 | 348,176 |
| Principal repayments, maturities and calls of securities held to maturity | 1,191 | 2,971 |
| Redemptions of fhlb and frb stock | 93 | 22,212 |
| Proceeds from sales of securities available for sale | 0 | 53,182 |
| Purchase of securities available for sale | 150,371 | 364,303 |
| Purchase of fhlb and frb stock | 13 | 21,306 |
| Proceeds from sales of loans held for sale at lower of cost or fair value | 364 | - |
| Net (increase)/decrease in loans, net of participations sold | 217,848 | 308,990 |
| Purchase of premises and equipment | 2,186 | 9,610 |
| Disposal of premises and equipment | -21 | -16 |
| Net cash (used in)/provided by investing activities | -200,450 | -277,652 |
| Net increase in deposits | 199,039 | 234,101 |
| Dividends paid on common stock | 877 | 1,767 |
| Restricted stock repurchased on vesting to pay taxes | 0 | 1,249 |
| Repayment of subordinated debt | 0 | 35,000 |
| Issuance of shares for employee stock purchase plan | 352 | 510 |
| Shares repurchased | 2,666 | 2,778 |
| Net cash provided by financing activities | 195,848 | 193,817 |
| Net (decrease)/increase in cash and cash equivalents | 31,584 | -75,765 |
| Cash and cash equivalents at beginning of period | 391,367 | - |
| Cash and cash equivalents at end of period | 347,186 | - |
PEAPACK GLADSTONE FINANCIAL CORP (PGC)
PEAPACK GLADSTONE FINANCIAL CORP (PGC)