Company News

Peapack-Gladstone Financial Corporation Reports Second Quarter Results

Posted July 23, 2024

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its second quarter 2024 financial results.

This earnings release should be read in conjunction with the Company’s Q2 2024 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.

During the second quarter of 2024, core relationship deposits grew $354 million to $4.6 billion which represents an annualized rate of 33%. During the first six months of the year core relationship deposits have grown by $524 million. Strong growth in core relationship deposit balances have enabled the Company to repay $119.5 million of all outstanding short-term borrowings as of June 30, 2024.

The improvement in the Company’s liquidity profile also resulted in an increase in the net interest margin compared to the previous quarter. The net interest margin increased to 2.25% for the quarter ended June 30, 2024, compared to 2.20% for the quarter ended March 31, 2024.

Peapack Private Hires Kevin D. Casey as a Managing Principal with its Wealth Management Division

Published June 21, 2024

Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Kevin D. Casey has joined the organization as a Managing Principal. Kevin, now the Head of Sales and Relationship Management with the wealth management division, will lead business development, growth and profitability while supporting the Company’s wealth advisors in delivering unparalleled client service and satisfaction to both current and future clients. Mr. Casey will also be responsible for expanding Peapack Private’s footprint through recruiting and the expansion of new business development opportunities.

Mr. Casey brings approximately 25 years of financial services leadership experience to Peapack Private, previously, serving as Managing Director, Head of National Sales and Business Development at JP Morgan Chase & Company, New York City, with a focus on overall strategy, business client segmentation, revenue creation, advisor recruiting and growth.

Lisa Fitzgerald Joins Peapack-Gladstone Bank as Senior Vice President, Equipment Finance Operations Manager

Posted June 10, 2024

The Bank is proud to announce that Lisa Fitzgerald has joined the Company as Senior Vice President, Equipment Finance Operations Manager. Lisa is responsible for overall equipment financing lease and loan portfolio service management and acts as the primary liaison with a third-party servicer and system vendors.

Ms. Fitzgerald is a seasoned manager with extensive business and equipment financing and leasing product expertise.

She brings to the Bank 25 years of equipment finance and financial services experience previously serving as Senior Vice President, Business Application Development & Support (Equipment Finance & Rail) at First Citizens Bank where she was responsible for implementation and oversight of capital investment spends related to the core receivable platform for the Equipment Finance division of the Bank.

Peapack Private Hires Jerry Dominguez as Senior Managing Director

Posted May 3, 2024

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Jerry Dominguez has joined Peapack Privates New York City location as Senior Managing Director. Jerry is responsible for providing customized commercial banking solutions to a diverse set of businesses to help them achieve their financial goals.

Mr. Dominguez is a financial services professional with extensive experience in client relationship management and business development. Previously, he served as Relationship Manager, Private and Commercial Banking, at Customers Bank Corp., New York, NY, where he focused on middle-market companies, small businesses, municipalities, non-profits and large corporate and institutional investors with high deposit balances.

Peapack-Gladstone Financial Corporation Reports First Quarter Results

Posted April 23, 2024

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its first quarter 2024 financial results.

This earnings release should be read in conjunction with the Company’s Q1 2024 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov.

The Company recorded total revenue of $53.1 million, net income of $8.6 million and diluted earnings per share (“EPS”) of $0.48 for the quarter ended March 31, 2024, compared to revenue of $62.0 million, net income of $18.4 million and diluted EPS of $1.01 for the quarter ended March 31, 2023.

The Company’s return on average assets was 0.54%, return on average equity was 5.94%, and return on average tangible equity was 6.45% for the quarter ended March 31, 2024.

The net interest margin declined to 2.20% for the quarter ended March 31, 2024, compared to 2.29% for the quarter ended December 31, 2023 and 2.88% for the quarter ended March 31, 2023.

Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York

Posted April 23, 2024

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Greg Tamberlane has been appointed as Senior Vice President, Head of Commercial Bank Operations New York, continuing to lead the expansion of Peapack Private’s New York City location. Greg will oversee operations for New York, leading a team of financial services professionals to ensure the successful growth of the Company.

Greg brings 10 years of financial services experience to Peapack Private, most recently serving as Vice President, Senior Manager of Digital Asset Solutions at Signature Bank where he worked with commercial banking teams to develop and onboard strategic and complex client relationships and oversaw development of several internal and external commercial banking systems and applications.

Peapack-Gladstone Bank Promotes Kate Sant'Angelo to Senior Vice President, Director of Personal Banking

Posted April 19, 2024

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank, announce the elevation of Kate Sant’Angelo to Senior Vice President, Director of Personal Banking. As the lead for retail banking, Kate oversees the Bank’s retail branch network, branch operations, client experience training and retail administration functions and responsibilities, with a focus on the Bank’s strategic initiatives.

With 22 years of experience in the banking industry, Kate previously served at Lakeland Bank and subsequently at Wells Fargo as Assistant Vice President, Branch Manager in Branchburg and Bridgewater, NJ. Joining Peapack-Gladstone Bank in 2015, she held the positions of Vice President, Retail Private Banker and Vice President, Retail Administration in the Bank’s Bedminster headquarters location.