Peapack‑Gladstone reports Q3 2026 earnings with EPS of $0.99 and strong loan‑deposit growth
Peapack‑Gladstone Financial Corp. released its third‑quarter 2026 results on Oct. 27‑28. Net income was reported around $18.5 million (some sources say $18.9 million) and diluted earnings per share of $0.99, beating analyst forecasts. Total revenue was about $87.5 million, though one source listed $126.9 million, while loan balances grew 17% to $7.1 billion and deposits rose 12% to $7.4 billion. Management said net interest margin would rise 2‑3 basis points each quarter through 2027 and expense growth would stay in the mid‑ to upper‑single‑digit range.
Why it matters
The company expects modest net‑interest‑margin expansion of 2‑3 bps per quarter into 2027, which could offset higher funding costs (the company said this in its earnings call). It also guided to mid‑ to upper‑single‑digit operating‑expense growth for 2027, indicating controlled cost pressure.
Key facts
- 1Diluted EPS for Q3 2026 was $0.99. stocktitan.net
- 2Loan balances as of Sep 30 2026 were $7.1 billion, up 17% YoY. investing.com
- 3Deposits as of Sep 30 2026 were $7.4 billion, up 12% YoY. investing.com
- 4Net interest margin was 3.34%, a 53‑basis‑point increase YoY. stocktitan.net
- 5Operating expenses were $55 million, down 1% sequentially. finance.yahoo.com
- 6Management expects net interest margin to improve by 2‑3 basis points each quarter through 2027. finance.yahoo.com
Open questions
- Net income amount differs: $18.5 million vs $18.9 million.
- Total revenue amount differs: $87.5 million vs $126.9 million.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.