Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Peapack-Gladstone Financial ( (PGC) ) has provided an update.
On April 22, 2026, Peapack-Gladstone Financial Corporation reported strong first quarter 2026 results that underscored the momentum of its private banking strategy and expansion across the Metropolitan New York region. Net income for the quarter ended March 31, 2026 rose to $14.2 million, or $0.80 per diluted share, up 16% from the prior quarter and 86% from the same period in 2025, driven by higher net interest income, improved net interest margin, and disciplined expense growth.
Total revenue increased 28% year-over-year to $82.5 million, with net interest income climbing to $59.9 million and net interest margin expanding to 3.26%, reflecting growth in interest-earning assets, lower funding costs, and a stronger mix of core deposits. Loans reached $6.4 billion and deposits $6.8 billion, with meaningful contributions from commercial mortgages, C&I lending, and noninterest-bearing deposits, while wealth management fee income rose to $16.5 million and assets under management and administration held at $13.1 billion despite market volatility.
During the quarter, the company also fortified its capital base through a commitment by Strategic Value Bank Partners to purchase up to $50 million of preferred stock, including an initial $30 million private placement that closed in March 2026. Management emphasized that this capital raise supports continued balance-sheet growth, geographic and business-line expansion, and the ability to maintain targeted capital levels, positioning Peapack-Gladstone to pursue risk-adjusted growth and deliver higher returns to shareholders.
The most recent analyst rating on (PGC) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on Peapack-Gladstone Financial stock, see the PGC Stock Forecast page.
Spark’s Take on PGC Stock
According to Spark, TipRanks’ AI Analyst, PGC is a Neutral.
The score is anchored by a solid but cooling financial profile: revenue growth and profitability persist, but margins and cash generation weakened in 2024–2025. Technicals are supportive with an established uptrend, while valuation looks reasonable at ~13x earnings but with a low dividend yield. Corporate actions are a modest positive, improving capital flexibility and potentially lowering funding costs.
To see Spark’s full report on PGC stock, click here.
More about Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation, listed on the NASDAQ Global Select Market under the symbol PGC, operates as a private banking-focused financial institution serving the Metropolitan New York region. The company offers commercial and industrial lending, commercial real estate financing, deposit services, and a sizable wealth management franchise with $13.1 billion in assets under management and administration as of March 31, 2026.
Its strategy centers on relationship-driven private banking, scaling a core C&I platform, and expanding geographically while maintaining disciplined underwriting and a strong deposit franchise. Wealth management contributes a meaningful share of total revenue, providing fee-based diversification alongside traditional net interest income and supporting long-term earnings stability for clients and shareholders.
Average Trading Volume: 137,206
Technical Sentiment Signal: Buy
Current Market Cap: $699.3M
For detailed information about PGC stock, go to TipRanks’ Stock Analysis page.