Peapack-Gladstone Financial Corporation Reports First Quarter Results
Posted April 23, 2024
Peapack-Gladstone Financial Corporation 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.
Recent News
Greg Tamberlane Joins Peapack Private as Senior Vice President, Head of Commercial Bank Operations New York
Posted April 22, 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.
Peapack Private Announces New York City Expansion
Posted April 8, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, boldly continue to move into New York City with the hiring of Andrew F. Corrado and more than 10 teams of commercial and private bankers. Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private. He will lead the Bank’s NY expansion and oversee its presence in Manhattan, leveraging the combined experience of more than 50 bankers to ensure the successful growth of the Company.
“We are continuing to move aggressively into New York City due to the market disruption that occurred last spring,” said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank. “Our expansion last summer has been well-received. The additional investment we are making today by hiring Andrew and multiple teams of commercial and private bankers capitalizes on the momentum we’ve achieved to date.”
Peapack Private Hires Joanne Gagliardi, Senior Managing Director
Posted April 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 Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director. With the Bank’s expanded footprint in New York City, Joanne joins a team of high-skilled commercial bankers, helping to grow Peapack Private and its commercial and industrial business into the New York market. She is responsible for providing customized banking solutions to small and medium-sized enterprises to achieve their long-term financial goals.
Dawn Kasulke Joins Peapack Private as Senior Managing Director, Team Leader
Posted April 2, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Dawn Kasulke has been appointed to lead a team of experienced commercial bankers as a Senior Managing Director, Team Leader, for Peapack Private’s New York City location. She will oversee building out the Bank’s presence in Manhattan. Dawn has extensive experience leading high-performing commercial bankers whose primary focus is providing customized client solutions that meet individual and complex needs.
With a proven track record as a financial services professional, Dawn brings 24 years of experience to Peapack Private, previously serving as Banking Group Head at Customers Bank in New York City where she delivered exceptional revenue growth, increased market share, and maximized profits.
Peapack Private Investment Banking Advises Super Stud Building Products, Inc. and Affiliates on the Sale to EB Metals, Inc.
Posted March 18, 2024
Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), the holding company for Peapack-Gladstone Bank and its Investment Banking division, Peapack Private Investment Banking, is pleased to announce its participation in the transition of Super Stud Building Products Inc. and affiliates, owned and operated by Ray Frobosilo, Sr., to EB Metals Inc. and affiliates. The financial terms of the sale were not disclosed.
Ray Frobosilo, Sr. and his family are recognized as industry pioneers in manufacturing and diverse offerings of cold-formed steel framing components, hollow metal doors and frames, and accessories for the use in the construction of commercial, institutional, and residential structures. EB Metals Inc., another highly successful business, was the perfect fit to create an enterprise that will have an expanded product offering and enhanced service capabilities, operating from manufacturing sites along the East Coast in Alabama, New Hampshire, New Jersey, and Mississippi. Super Stud and EB Metal’s commitment to quality products, prompt service, and technical engineering resources ensures unmatched building product solutions that meet the needs of some of the most complex projects in the building industry.
Archives
2024
Posted January 29, 2024 - Peapack Private Moves to Park Avenue
Posted January 25, 2024 - Peapack-Gladstone Financial Corporation Reports Fourth Quarter Results
Posted January 16, 2024 -Peapack-Gladstone Bank Announces New Hires
2023
Posted December 18, 2023 - Peapack-Gladstone Bank’s Boonton Charity Christmas Tree Sale Supports Sound Start Foundation
Posted October 25, 2023 - Ronald Andersen, Senior Managing Director, Commercial Private Banker, at Peapack-Gladstone Bank Named to CIANJ Board of Directors
Posted October 24, 2023 - Peapack-Gladstone Financial Corporation Reports Third Quarter Results
Posted September 13, 2023 - Klaudio Nikolla Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted September 6, 2023 - Peapack Private Hires James T. Foti, Senior Managing Director, Commercial Private Banker
Posted September 13, 2023 - Klaudio Nikolla Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted September 6, 2023 - Peapack Private Hires James T. Foti, Senior Managing Director, Commercial Private Banker
Posted August 18, 2023 - Peapack-Gladstone Bank Announces Promotions and New Hires
Posted August 16, 2023 - Faycal Lhamidi Joins Peapack Private as Senior Managing Director, Commercial Private Banker
Posted August 3, 2023 - Raymond C. Radigan is the Newest Member of Peapack Private
Posted July 27, 2023 - Peapack-Gladstone Bank Hires Brian J. Scherman as Senior Vice President, Director of Residential and Consumer Lending
Posted July 26, 2023 - Joseph W. Harpster Joins Peapack Private as SVP, Senior Credit Officer
Posted July 25, 2023 - Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted July 25, 2023 - Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted July 19, 2023 - Christopher Tomai Joins Peapack Private
Posted July 17, 2023 - Peapack-Gladstone Bank Receives Editor’s Choice Recognition at Fintech Finance Banking Tech Awards USA Ceremony
Posted July 13, 2023 - Peapack-Gladstone Financial Corporation Announces Expansion Into New York City
Posted June 27, 2023 - Peapack-Gladstone Bank Promotes Heather Gibbs to Senior Vice President, Enterprise Risk and Information Security Officer
Posted June 22, 2023 - Peapack-Gladstone Financial Corporation Announces the Appointment of a New Director
Posted January 27, 2023 - Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results, as Net Interest Margin Continues to Expand
Posted January 25, 2023 - Peapack-Gladstone Bank Announces the Winner of “Neighme” that Horse!
2022
Posted December 23, 2022 - Douglas L. Kennedy Reelected as a Class A Director to New York Fed Board of Directors
Posted December 22, 2022 - Patrick Scatuorchio Joins Peapack Capital as Senior Vice President, Business Development Officer
Posted December 22, 2022 - Peapack-Gladstone Banks Boonton Christmas Tree Sale Supports Lakeland Hills Family YMCA
Posted October 31, 2022 - Frank A. Cavallaro to Join Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank as Senior Executive Vice President
Posted October 27, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Third Quarter Results, as Net Interest Margin Continues to Expand
Posted September 19, 2022 - Peapack-Gladstone Bank Announces Enhancements to its Subsidiary, Peapack Capital
Posted July 29, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, as Net Interest Margin Continues to Expand
Posted June 28, 2022 - Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker
Posted June 28, 2022 - Peapack-Gladstone Bank Announces Enhancements to its Personal Banking Division
Posted June 9, 2022 - Peapack Private Wealth Management Promotes Amy M. Long to Senior Managing Director, Chief Administrative Officer
Posted June 8, 2022 - Peapack-Gladstone Bank Promotes Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations
Posted May 31, 2022 - Peapack Private Wealth Management Promotes Nicole Bonanno to Senior Managing Director, Director of Client Service
Posted April 29, 2022 - Peapack-Gladstone Financial Corporation Reports Strong First Quarter Results
Posted April 15, 2022 - Bank Subsidiary, Peapack Capital, Celebrates 5th Anniversary
Posted April 12, 2022 - Peapack Private Investment Banking Advises on Sale of D'Artagnan
Posted March 9, 2022 - Peapack Private Investment Banking Advises Community Surgical Supply in Sale
Posted February 8, 2022 - Peapack-Gladstone Bank Appoints Heidi H. Smith, Esq. as Senior Vice President, General Counsel and Corporate Secretary
Posted January 28, 2022 - Peapack-Gladstone Financial Corporation Reports Strong Fourth Quarter Results and Announces Another 5% Stock Repurchase Program
Posted January 11, 2022 - Peapack-Gladstone Bank Hires New SBA Team Members
Posted on January 11, 2022 - Peapack-Gladstone Bank Hires Karen Rosner as Vice President, Assistant Brand and Marketing Director
2021
Posted on December 22, 2021 - Peapack-Gladstone Bank Gives Back this Holiday Season
Posted December 16, 2021 - Peapack-Gladstone Bank’s Return of the Boonton Christmas Tree Sale Supports nourish.NJ
Posted December 1, 2021 - Peapack-Gladstone Bank Hires Katherine M. Dickenson, Esq. as Senior Managing Director, Assistant General Counsel
Posted December 1, 2021 - Peapack-Gladstone Bank Earns 2021 Best Banks to Work For Recognition
Posted November 18, 2021 - Peapack-Gladstone Bank Celebrates Company’s 100th Anniversary through Volunteerism
Posted November 18, 2021 - Brandon J. Smith Joins Peapack Capital as Senior Vice President, Head of Asset Management
Posted November 18, 2021 - Peapack-Gladstone Bank Hires Brenda Boyce, Vice President, Senior Credit Underwriter at Peapack Capital
Posted November 8, 2021 - Peapack-Gladstone Bank Brings Back Boonton Christmas Tree Sale Tradition
Posted October 28, 2021 – Peapack-Gladstone Bank Corporation Reports Third Quarter Results, as Record Wealth Management Fee Income Drives Total Fee Income to 34% of Total Revenue
Posted September 1, 2021 – Peapack-Gladstone Bank Hires Senior Managing Director, Market President
Posted July 28, 2021 – Peapack-Gladstone Financial Corporation Reports Strong Second Quarter Results, Driven By Increased Wealth Management Fee Income, Strong Loan Growth And Margin Expansion
Posted July 1, 2021 – Peapack Private Wealth Management Acquires Princeton Portfolio Strategies Group
Posted May 27, 2021 – Peapack-Gladstone Bank Hires Senior Vice President, Director of Residential and Consumer Lending
Posted May 12, 2021 – Peapack-Gladstone Financial Corporation to Acquire Princeton Portfolio Strategies Group
Posted April 27, 2021 – Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend
Posted April 26, 2021 – Jacqueline Reyes is promoted to Senior Vice President, BSA/AML/OFAC Officer at Peapack-Gladstone Bank
Posted April 19, 2021 – Peapack-Gladstone Bank Turns 100 in 2021
Posted April 12, 2021 – Peapack-Gladstone Bank Now Open in Boonton, NJ
Posted April 5, 2021 - Matthew Remo is Promoted to Senior Vice President, Director of Strategy and Development at Peapack-Gladstone Bank
Posted March 16, 2021 – Peapack-Gladstone Bank to Open a New Location
Posted February 10, 2021 – Peapack Private Investment Banking Advises on the Sale of Randall Farms
Posted February 2, 2021 – Peapack Gladstone Financial Corporation Reports Fourth Quarter and Full Year Results and Announces a 5% Stock Repurchase Program
Posted January 21, 2021 – Peapack-Gladstone Bank Promotes Gregory M. Smith, President of Commercial Banking and Stuart Vorcheimer, Market President and Head of Commercial and Industrial Lending at Peapack-Gladstone Bank
Posted January 19, 2020 – Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
2020
Posted December 17, 2020 – New Jersey Headquartered Banks Commit Over $145,000 to Support Hackensack
Posted December 16, 2020 – Peapack-Gladstone Bank Brings Holiday Cheer
Posted December 14, 2020 – Peapack Private Wealth Management Hires Team from Noyes Capital Management
Posted December 14, 2020 – Ralf Sellig, Rob Vogel and Team from Lucas Capital Management Join Peapack Private Wealth Management
Posted November 25, 2020 – Kim Waldron, Senior Managing Director at Peapack-Gladstone Bank Completes NJBankers Emerging Leaders Program
Posted November 9, 2020 – Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
Posted October 28, 2020 – Peapack-Gladstone Financial Corporation Reports Third Quarter Results
Posted October 28, 2020 – Peapack-Gladstone Bank Named a “Best Banks to Work For in 2020” by American Banker for the Third Straight Year
Posted October 18, 2020 – Peapack-Gladstone Bank Hires New Senior Vice President
Posted September 3, 2020 – Peapack-Gladstone Bank Announces Sale of Paycheck Protection Program Loans
Posted August 25, 2020 – Peapack-Gladstone Bank Report Lessons Learned: What the SBA’s PPP Loan Process Revealed to Us About Small Businesses and Our Bank
Posted August 18, 2020 – Peapack-Gladstone Bank Helps Stock New Jersey Food Banks
Posted August 11, 2020 – Peapack Capital partners with LTi Technology Solutions to fuel equipment finance expansion
Posted July 29, 2020 – Peapack-Gladstone Financial Corporation Reports Second Quarter Results
Posted June 30, 2020 – Peapack-Gladstone Bank Announces the Expansion of the Peapack Capital Team to Accommodate Continued Growth
Posted May 5, 2020 – Peapack-Gladstone Financial Corporation Reports First Quarter Results
Posted April 17, 2020 – Community Bank Saves 30,000 Small Business Jobs in New Jersey
Posted April 10, 2020 – Cynthia Fusillo Completes Chartered Special Needs Consultant® Certification Requirements
Posted April 3, 2020 – Peapack-Gladstone Bank Continues to Support Clients and the Community
Posted February 10, 2020 – Peapack Capital Originates more than $300 Million in 2019
Posted January 29, 2020 – Peapack-Gladstone Financial Corporation Reports Record Fourth Quarter and Full Year Results, Driven by Solid Wealth Management and Commercial Banking Activities
2019
Posted December 10, 2019 – Bottomline Delivers Intelligent Customer Engagement for Peapack-Gladstone Bank
Posted October 23, 2019 – Peapack-Gladstone Bank Hires John A. Trobiano, Senior Managing Director, Wealth Advisor, for Peapack Private Wealth Management
Posted September 20, 2019 – Tri-County Scholarship Fund to Honor Douglas L. Kennedy Among Others at 38th Annual Awards Dinner
Posted September 3, 2019 – Point View Wealth Management Becomes a Peapack Private Wealth Management Firm
Posted August 29, 2019 – Peapack-Gladstone Bank has been named one of the Best Banks to Work For in 2019 by American Banker
Posted July 26, 2019 – Peapack-Gladstone Financial Corporation Reports Second Quarter Results, Quarterly Cash Dividend and Stock Repurchase Program
Posted July 10, 2019 – Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank Receive Investment Grade Ratings from Moody’s Investors Service
Posted July 5, 2019 – Peapack-Gladstone Financial Corporation to Acquire Point View Wealth Management
Posted April 26, 2019 – Peapack-Gladstone Financial Corporation Reports First Quarter Results and Declares its quarterly Cash Dividend
Posted April 1, 2019 – Peapack-Gladstone Bank Announces Appointment of Executive Vice President, Head of Commercial Banking
Posted February 28, 2019 – Peapack-Gladstone Financial Corporation Announces Appointment of Two New Directors
Posted January 28, 2019 – Betty S. Thomas Completes CERTIFIED FINANCIAL PLANNER™ Certification Requirements
Posted January 25, 2019 – Peapack-Gladstone Financial Corporation Reports Fourth Quarter and Full Year Results and Declares Its Cash Dividend
Posted January 24, 2019 – Peapack-Gladstone Bank Announces New Hires