PEAPACK GLADSTONE FINANCIAL CORP — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Peapack-Gladstone (market cap ~$464M) reported Q3 2026 diluted EPS of $0.99 (up 83% YoY, 15% QoQ) on net income of $18.5M. Total loans reached $7.1B (+17% YoY, +$403M QoQ); deposits $7.4B (+12% YoY, +$301M QoQ). Net interest margin expanded to 3.34% (+53 bps YoY). In July 2026, the company issued the remaining $20M of 6% non-cumulative perpetual convertible preferred stock (committed by Strategic Value Bank Partners in Q1; $30M initial placement closed March 2026). Tangible book value per share increased 6% to $36.24. Operating leverage improved: expenses down 1% sequentially while revenue grew 2% QoQ.
Why this rating
Solid organic growth (+17% loans, +12% deposits YoY) and improving profitability (EPS +83% YoY) are meaningful for a $464M company. Preferred issuance supports growth but dilutes tangible equity. No transformational event, but consistent execution.
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