Peapack-Gladstone Financial stock gained 1.25 percent on October 2

Published on 10/04/2026 at 10:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Peapack-Gladstone Financial stock posted USD 86.1 million in Q2 revenue, up 23 percent year over year. Net income reached USD 15.8 million as credit metrics drew attention.

PGC, US7046991078, Illustration mit AI erstellt.

Peapack-Gladstone Financial Corporation (ISIN US7046991078) closed at USD 44.58 on Nasdaq on October 2, 2026, up 1.25 percent from the prior session. The Q2 2026 results showed revenue growth and higher profit, but also a rise in nonperforming assets that keeps credit quality central to the investment case.

Revenue rises to USD 86.1 million

According to the Benzinga Q2 2026 transcript, total revenue reached USD 86.1 million, up 23 percent year over year and 4 percent from Q1 2026. Net income available to common shareholders was USD 15.8 million, compared with USD 14.2 million in Q1 2026, while diluted earnings per share stood at USD 0.85 versus USD 0.80.

Net interest income increased to USD 63.9 million, and the net interest margin reached 3.32 percent after rising 6 basis points in Q2 2026. Wealth management fee income rose 8 percent year over year to USD 17.2 million, helping revenue growth outpace operating expense growth.

Credit metrics add a counterweight

The same Benzinga transcript reported USD 5.9 million in Q2 net charge-offs and USD 72.2 million in nonperforming assets, equal to 0.91 percent of total assets versus 0.77 percent in Q1 2026. Multifamily exposure remains the key credit variable, while management described the issue as concentrated rather than broad-based.

Deposits increased by USD 231 million during Q2 2026 to USD 7.1 billion, while loans grew by USD 236 million to USD 6.7 billion. The balance-sheet expansion supports earnings growth, but competition for deposits is pressuring funding costs and can make margin gains less linear.

Analyst target stays above the stock

MarketBeat lists an average analyst price target of USD 56.33 and a Buy consensus. That target is 26.4 percent above the USD 44.58 closing price, placing the valuation discussion alongside the bank's improving revenue and profit figures rather than price action alone.

PGC stock closes at USD 44.58

PGC stock closed at USD 44.58 on Nasdaq on October 2, 2026, with a 52-week range of USD 24.71 to USD 49.14. Market capitalization was USD 790.4 million and reported volume was 144,176 shares, leaving the stock 9.29 percent below its 52-week high.