Peapack Gladstone Financial Corp - Understand $pgc stock

$PGC Market Cap: $643.8 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$246.5M

TTM

Gross Margin

Net Earnings

$32.35M

TTM

Current Assets

Current Liabilities

$115.9M

Q3 2024

Current Ratio

Total Assets

$6.794B

Q3 2024

Total Liabilities

$6.186B

Q3 2024

Book Value

$607.6M

Q3 2024

Cash

$492.7M

Q3 2024

P/E

19.90

Dec 02, 2024 EST

Free Cash Flow

$40.88M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Revenue	$229.7M	$242.5M	$210.3M	$189.4M	$175.0M	$159.4M	$145.8M	$125.4M	$108.2M	$88.70M	$73.37M	$72.71M
YoY Change	-5.29%	15.31%	11.06%	8.23%	9.8%	9.32%	16.29%	15.89%	21.94%	20.89%	0.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$229.7M	$242.5M	$210.3M	$189.4M	$175.0M	$159.4M	$145.8M	$125.4M	$108.2M	$88.70M	$73.37M	$72.71M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.700M	$3.500M	$3.200M	$3.100M	$3.100M	$3.100M	$3.275M	$3.093M	$3.921M	$2.993M	$3.536M	$2.946M	$2.870M	$3.150M	$2.430M	$2.270M	$2.250M	$2.070M	$1.990M	$1.660M	$1.450M	$1.350M	$1.200M	$1.000M	$1.080M	$1.000M	$690.0K	$670.0K	$480.0K
YoY Change	5.71%	9.38%	3.23%	0.0%	0.0%	-5.34%	5.88%	-21.12%	31.01%	-15.36%	20.03%	2.65%	-8.89%	29.63%	7.05%	0.89%	8.7%	4.02%	19.88%	14.48%	7.41%	12.5%	20.0%	-7.41%	8.0%	44.93%	2.99%	39.58%
% of Gross Profit
Operating Expenses										$59.54M	$55.18M	$48.33M
YoY Change										7.9%	14.18%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$147.9M	$35.80M	$22.01M	$38.15M	$60.40M	$44.52M	$27.59M	$20.61M	$14.69M	$7.681M	$4.277M	$4.687M
YoY Change	313.24%	62.66%	-42.31%	-36.84%	35.65%	61.4%	33.83%	40.32%	91.25%	79.59%	-8.75%
% of Operating Profit
Other Income/Expense, Net	$25.09M	$22.99M	$22.82M	$19.88M	$19.71M	$19.34M	$17.30M	$14.11M	$17.08M	$13.34M	$13.02M	$11.27M
YoY Change	9.13%	0.74%	14.8%	0.89%	1.88%	11.81%	22.65%	-17.41%	28.07%	2.43%	15.55%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Pretax Income	$67.28M	$102.3M	$77.66M	$32.00M	$66.12M	$57.72M	$54.31M	$42.74M	$32.14M	$24.29M	$14.76M	$16.10M	$14.00M	$10.90M	$10.20M	-$34.60M	$17.10M	$13.70M	$18.90M	$19.20M	$18.10M	$17.70M	$13.30M	$11.70M	$10.80M	$9.600M	$7.300M	$5.300M	$5.400M	$5.300M	$4.200M	$4.100M	$2.100M	$2.300M	$2.500M	$2.700M
YoY Change	-34.26%	31.78%	142.67%	-51.6%	14.56%	6.28%	27.06%	32.98%	32.34%	64.51%	-8.31%	15.01%	28.44%	6.86%	-129.48%	-302.34%	24.82%	-27.51%	-1.56%	6.08%	2.26%	33.08%	13.68%	8.33%	12.5%	31.51%	37.74%	-1.85%	1.89%	26.19%	2.44%	95.24%	-8.7%	-8.0%	-7.41%	50.0%
Income Tax	$18.43M	$28.10M	$21.04M	$5.811M	$18.69M	$13.55M	$17.81M	$16.26M	$12.17M	$9.396M	$5.502M	$6.405M	$1.800M	$3.200M	$3.100M	-$12.60M	$5.200M	$3.500M	$5.800M	$6.100M	$5.800M	$5.800M	$4.400M	$3.900M	$3.600M	$3.600M	$2.800M	$1.800M	$1.500M	$1.500M	$1.100M	$900.0K	$300.0K	$600.0K	$600.0K	$600.0K
% Of Pretax Income	27.39%	27.45%	27.09%	18.16%	28.26%	23.48%	32.8%	38.05%	37.86%	38.69%	37.27%	39.78%	12.86%	29.36%	30.39%		30.41%	25.55%	30.69%	31.77%	32.04%	32.77%	33.08%	33.33%	33.33%	37.5%	38.36%	33.96%	27.78%	28.3%	26.19%	21.95%	14.29%	26.09%	24.0%	22.22%
Net Earnings	$48.85M	$74.25M	$56.62M	$26.19M	$47.43M	$44.17M	$36.50M	$26.48M	$19.97M	$14.89M	$9.261M	$9.696M	$12.20M	$7.700M	$7.100M	-$22.10M	$11.90M	$10.20M	$13.10M	$13.10M	$12.30M	$11.90M	$8.900M	$7.700M	$7.200M	$6.000M	$4.500M	$3.600M	$3.900M	$3.900M	$3.800M	$3.200M	$1.800M	$1.700M	$1.900M	$2.000M
YoY Change	-34.2%	31.13%	116.18%	-44.78%	7.39%	21.02%	37.84%	32.57%	34.13%	60.78%	-4.49%	-20.52%	58.44%	8.45%	-132.13%	-285.71%	16.67%	-22.14%	0.0%	6.5%	3.36%	33.71%	15.58%	6.94%	20.0%	33.33%	25.0%	-7.69%	0.0%	2.63%	18.75%	77.78%	5.88%	-10.53%	-5.0%	42.86%
Net Earnings / Revenue	21.27%	30.62%	26.92%	13.83%	27.11%	27.72%	25.04%	21.12%	18.46%	16.79%	12.62%	13.34%
Basic Earnings Per Share	$2.74	$4.09	$3.01	$1.39	$2.46	$2.33	$2.07	$1.62	$1.31	$1.23	$1.02	$1.05
Diluted Earnings Per Share	$2.71	$3.999M	$2.93	$1.37	$2.44	$2.31	$2.03	$1.60	$1.29	$1.22	$1.01	$1.05	$1.402M	$875.0K	$806.8K	-$2.540M	$1.352M	$1.159M	$1.489M	$1.489M	$1.398M	$1.368M	$1.035M	$895.3K	$827.6K	$689.7K	$584.4K	$473.7K	$513.2K	$513.2K	$500.0K	$421.1K	$236.8K	$223.7K	$250.0K	$263.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$38.35M	$39.66M	$36.40M	$35.40M	$38.10M	$27.40M	$29.50M	$30.40M	$30.20M	$32.30M	$29.00M	$30.00M	$31.90M	$33.80M	$27.90M	$26.90M	$26.20M	$24.10M	$21.40M	$20.20M	$15.10M	$14.40M	$13.50M	$11.70M	$9.700M	$9.200M	$8.600M	$8.600M	$0.00	$0.00	$0.00	$7.000M	$6.800M	$5.300M	$4.700M	$3.800M
YoY Change	-3.29%	8.94%	2.82%	-7.09%	39.05%	-7.12%	-2.96%	0.66%	-6.5%	11.38%	-3.33%	-5.96%	-5.62%	21.15%	3.72%	2.67%	8.71%	12.62%	5.94%	33.77%	4.86%	6.67%	15.38%	20.62%	5.43%	6.98%	0.0%				-100.0%	2.94%	28.3%	12.77%	23.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$505.0K					$0.00	$600.0K	$15.30M	$15.60M	$10.50M	$9.800M	$9.500M	$26.70M	$25.70M	$23.50M	$23.10M	$6.400M
YoY Change						-100.0%	-96.08%	-1.92%	48.57%	7.14%	3.16%	-64.42%	3.89%	9.36%	1.73%	260.94%
Total Long-Term Assets
YoY Change
Total Assets	$6.477B	$6.354B	$6.078B	$5.890B	$5.183B	$4.618B	$4.261B	$3.879B	$3.365B	$2.702B	$1.967B	$1.668B	$1.600B	$1.505B	$1.512B	$1.385B	$1.347B	$1.288B	$1.255B	$1.067B	$968.1M	$859.8M	$704.8M	$567.0M	$497.5M	$402.8M	$363.7M	$327.4M	$300.1M	$278.5M	$280.2M	$257.5M	$207.9M	$157.5M	$140.8M	$129.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$78.54M	$98.24M	$87.60M	$131.2M	$77.50M	$37.90M	$28.50M	$22.30M	$18.90M	$12.40M	$10.70M	$8.200M	$6.600M	$5.700M	$6.700M	$8.600M	$14.50M	$15.90M	$5.000M	$3.700M	$7.300M	$8.000M	$5.800M	$3.000M	$2.900M	$2.000M	$1.600M	$2.000M	$2.200M	$1.600M	$1.500M	$2.300M	$2.700M	$2.800M	$2.600M	$3.000M
YoY Change	-20.05%	12.14%	-33.23%	69.29%	104.49%	32.98%	27.8%	17.99%	52.42%	15.89%	30.49%	24.24%	15.79%	-14.93%	-22.09%	-40.69%	-8.81%	218.0%	35.14%	-49.32%	-8.75%	37.93%	93.33%	3.45%	45.0%	25.0%	-20.0%	-9.09%	37.5%	6.67%	-34.78%	-14.81%	-3.57%	7.69%	-13.33%
Deferred Revenue
YoY Change
Short-Term Debt																			$77.50M						$3.000M
YoY Change
Long-Term Debt Due	$1.456M	$1.456M	$1.400M									$9.000M	$9.200M	$6.300M	$0.00
YoY Change	0.0%	4.0%										-2.17%	46.03%
Total Short-Term Liabilities	$78.54M	$98.24M	$87.60M	$131.2M	$77.50M	$37.90M	$28.50M	$22.30M	$18.90M	$12.40M	$10.70M	$17.20M	$15.80M	$12.00M	$6.700M	$8.600M	$14.50M	$15.90M	$5.000M	$3.700M	$7.300M	$8.000M	$5.800M	$3.000M	$2.900M	$2.000M	$1.600M	$2.000M	$2.200M	$1.600M	$1.500M	$2.300M	$2.700M	$2.800M	$2.600M	$3.000M
YoY Change	-20.05%	12.14%	-33.23%	69.29%	104.49%	32.98%	27.8%	17.99%	52.42%	15.89%	-37.79%	8.86%	31.67%	79.1%	-22.09%	-40.69%	-8.81%	218.0%	35.14%	-49.32%	-8.75%	37.93%	93.33%	3.45%	45.0%	25.0%	-20.0%	-9.09%	37.5%	6.67%	-34.78%	-14.81%	-3.57%	7.69%	-13.33%
Long-Term Debt	$136.7M	$137.7M	$138.5M	$365.6M	$91.00M	$91.60M	$92.10M	$58.50M	$10.20M	$10.70M	$8.800M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-0.71%	-0.59%	-62.12%	301.76%	-0.66%	-0.54%	57.44%	473.53%	-4.67%	21.59%
Other Long-Term Liabilities	$0.00				$8.000M
YoY Change
Total Long-Term Liabilities	$136.7M	$137.7M	$138.5M	$365.6M	$99.00M	$91.60M	$92.10M	$58.50M	$10.20M	$10.70M	$8.800M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-0.71%	-0.59%	-62.12%	269.29%	8.08%	-0.54%	57.44%	473.53%	-4.67%	21.59%
Total Liabilities	$5.893B	$5.821B	$5.532B	$5.363B	$4.679B	$4.149B	$3.857B	$3.554B	$3.089B	$2.460B	$1.796B	$1.546B	$1.477B	$1.388B	$1.393B	$1.302B	$1.240B	$1.185B	$1.156B	$972.7M	$883.1M	$782.7M	$641.7M	$511.9M	$450.0M	$364.8M	$330.0M	$297.2M	$271.7M	$255.0M	$259.0M	$239.5M	$192.6M	$143.4M	$127.8M	$117.3M
YoY Change	1.25%	5.22%	3.14%	14.62%	12.78%	7.57%	8.51%	15.07%	25.56%	36.95%	16.21%	4.63%	6.46%	-0.37%	7.01%	5.0%	4.63%	2.46%	18.87%	10.15%	12.83%	21.97%	25.36%	13.76%	23.36%	10.55%	11.04%	9.39%	6.55%	-1.54%	8.14%	24.35%	34.31%	12.21%	8.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	17.85M	18.16M	18.79M	18.90M	19.27M	18.97M	17.66M	16.32M	15.19M shares	12.07M shares	9.094M shares	8.781M shares
Diluted Shares Outstanding	18.05M	18.57M	19.29M	19.08M	19.41M	19.15M	17.94M	16.51M	15.43M shares	12.17M shares	9.177M shares	8.828M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $643.8 Million

About PEAPACK GLADSTONE FINANCIAL CORP

Peapack-Gladstone Financial Corp. is a bank holding company, which engages in the provision of private banking services to businesses, non-profits, and consumers. The company is headquartered in Bedminster, New Jersey and currently employs 521 full-time employees. The company went IPO on 2000-11-01. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state-chartered commercial bank. Its segments include Banking and Peapack Private. The Banking segment includes commercial (includes corporate and industrial (C&I) and equipment financing), commercial real estate, multifamily, residential and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; operation of ATMs; telephone and Internet banking services; merchant credit card services, and customer support sales. Its Peapack Private segment includes investment management services for individuals and institutions; personal trust services, including services as executor, trustee, administrator, custodian, and other financial planning and advisory services. This segment also includes the activity of the Delaware subsidiary, PGB Trust and Investments of Delaware.

Industry: Commercial Banks, NEC Peers: Atlantic Capital Bancshares, Inc. CAMDEN NATIONAL CORP CENTRAL PACIFIC FINANCIAL CORP CROSSFIRST BANKSHARES, INC. FIRST MID BANCSHARES, INC. FLUSHING FINANCIAL CORP HILLS BANCORPORATION HomeStreet, Inc. OLD SECOND BANCORP INC PNC FINANCIAL SERVICES GROUP, INC.