Peapack-Gladstone Financial Corporation Reports Q3 Net Income of $9.6 Million on Revenue of $70.7 Million

Reuters10-23
Peapack-Gladstone Financial Corporation Reports Q3 Net Income of $9.6 Million on Revenue of $70.7 Million

Peapack-Gladstone Financial Corporation reported net income of $9.6 million for the third quarter ended September 30, 2025, up 21% from $7.9 million in the previous quarter. Net interest income for the first nine months of 2025 was $144.37 million, a 35% increase compared to $107.10 million for the same period in 2024. Deposits grew by $433 million, or 7%, over the last twelve months. Book value per share rose 6% to $36.62 at September 30, 2025, from $34.45 at December 31, 2024. The Tier 1 Leverage Ratio was 9.89% for the Bank and 8.86% for the Company. The Common Equity Tier 1 Ratio was 11.70% for the Bank and 10.47% for the Company as of September 30, 2025. The company declared a cash dividend of $0.05 per share, payable on November 28, 2025.

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