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Jun 30
Peapack-Gladstone Q2 2025 Earnings Report
Peapack-Gladstone reported solid Q2 2025 results with improved net interest income and stable profitability.
Key Takeaways
The company delivered steady earnings with higher net interest income and continued deposit and loan growth, driven by its Metro New York expansion. Asset quality remained manageable despite an uptick in nonperforming assets.
Net income rose to $7.9 million with diluted EPS of $0.45
Net interest margin expanded to 2.77% supported by lower-cost deposits
Total revenue increased to $69.7 million, up 23% YoY
Wealth management AUM/AUA grew to $12.3 billion
Peapack-Gladstone
Peapack-Gladstone
Peapack-Gladstone Revenue by Segment
Revenue by Segment
Wealth Mgmt Fees Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Management remains optimistic about future growth, highlighting strong deposit momentum and expansion in Metro New York while continuing to monitor asset quality.
Positive Outlook
- Strong deposit growth with favorable mix
- Metro New York expansion delivering results
- Improved net interest margin trend
- Healthy wealth management inflows
- Strong capital levels above regulatory requirements
Challenges Ahead
- Rising operating expenses due to expansion
- Higher provision for credit losses
- Increase in nonperforming assets
- Higher health insurance and compensation costs
- Continued economic uncertainty impacting credit quality