PEAPACK GLADSTONE FINANCIAL CORP — Form 8-K
Filed July 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Peapack-Gladstone reported Q2 2026 net income of $15.8M ($0.85 diluted EPS) vs $7.9M ($0.45) in Q2 2025. Total revenue rose 23% YoY to $86.1M; net interest income increased 32% YoY to $63.9M with NIM expanding 55 bps YoY to 3.32%. On July 24, 2026, the company issued the remaining $20M of its $50M convertible preferred stock commitment (initial $30M closed March 2026), both at 6% non-cumulative perpetual rate. Loans grew $854M YoY to $6.7B; deposits grew $694M YoY to $7.1B.
Why this rating
Strong earnings momentum and margin expansion matter; preferred issuance is moderate capital event. Relative to $464M market cap, $50M preferred is ~11% of equity—material but manageable. Growth trends positive; nonperforming assets and credit issues contained. Execution risk and NY market concentration remain.
See more from July 27, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.