For the quarter ending 2025-09-30, PGC made $207,299K in revenue. $9,631K in net income. Net profit margin of 4.65%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-09-30 | |
|---|---|---|---|---|
| Interest and fees on loans | 82,080 | 79,657 | - | |
| Taxable | 7,504 | 8,370 | - | |
| Interest on loans held for sale | 1 | 6 | - | |
| Interest on interest-earning deposits | 2,960 | 1,618 | - | |
| Total interest income | 92,545 | 89,651 | - | |
| Interest on savings and interest-bearing deposit accounts | 37,378 | 35,807 | - | |
| Interest on borrowed funds | - | 505 | - | |
| Interest on certificates of deposit | 3,657 | 4,002 | - | |
| Interest on finance lease liability | 13 | 13 | - | |
| Interest on subordinated debt | 924 | 924 | - | |
| Subtotal - interest expense | 41,972 | 41,251 | - | |
| Interest on interest-bearing demand - brokered | - | 110 | - | |
| Total interest expense | 41,972 | 41,361 | - | |
| Net interest income before provision for credit losses | 50,573 | 48,290 | - | |
| Provision for credit losses | 4,790 | 6,586 | 1,224 | |
| Net interest income after provision for credit losses | 45,783 | 41,704 | - | |
| Wealth management fee income | 15,798 | 15,943 | - | |
| Service charges and fees | 1,184 | 1,194 | - | |
| Bank owned life insurance | 383 | 370 | - | |
| Gain on loans held for sale at fair value (mortgage banking) | 6 | 27 | - | |
| (loss)/gain on loans held for sale at lower of cost or fair value | -364 | - | - | |
| Fee income related to loan level, back-to-back swaps | 0 | 221 | - | |
| Gain on sale of sba loans | 203 | 521 | - | |
| Corporate advisory fee income | 692 | 30 | - | |
| Other income | 2,094 | 3,096 | - | |
| Securities gains | 0 | 7 | - | |
| Fair value adjustment for cra equity security | 125 | 42 | - | |
| Total other income | 20,121 | 21,451 | - | |
| Revenues | - | - | 56,619 | |
| Other expenses including swap valuation allowance | - | - | 7,096 | |
| Compensation and employee benefits | 36,756 | 36,061 | 31,050 | |
| Premises and equipment | 6,676 | 6,641 | 5,633 | |
| Fdic insurance expense | 1,345 | 1,045 | 870 | |
| Other operating expense | 7,520 | 8,146 | - | |
| Operating expenses | - | - | 45,873 | |
| Total operating expenses | 52,297 | 51,893 | - | |
| Income before income tax expense | 13,607 | 11,262 | 10,746 | |
| Income tax expense | 3,976 | 3,321 | 3,159 | |
| Net income | 9,631 | 7,941 | 7,587 | |
| Diluted weighted average shares outstanding | 17,686,979 | 17,773,237 | 17,700,042 | |
| Earnings per share, basic, total | 0.55 | 0.45 | 0.43 | |
| Earnings per share, diluted, total | 0.54 | 0.45 | 0.43 | |
| Weighted average number of shares outstanding, basic, total | 17,576,899 | 17,704,110 | 17,616,046 | |
PEAPACK GLADSTONE FINANCIAL CORP (PGC)
PEAPACK GLADSTONE FINANCIAL CORP (PGC)