GET DAILY SIGNALSPeapack-Gladstone Financial (PGC) Reports +24% Revenue Growth in Q3 2026
Key Takeaways
- Peapack-Gladstone posted third-quarter 2026 revenue of about $87.5 million, reflecting roughly 24% growth from the prior-year period.
- Diluted EPS came in at $0.99, surpassing the consensus estimate of approximately $0.93.
- Net interest income rose 33% year over year to $67.5 million, with net interest margin expanding to 3.34%.
- Total loans reached $7.1 billion and deposits reached $7.4 billion, underscoring ongoing balance-sheet expansion.
- Nonperforming assets declined to $57.8 million, or 0.68% of total assets, pointing to better credit quality.
- Tangible book value per share climbed 6% year over year to $36.24.
Putting the Quarter in Context
Peapack-Gladstone Financial Corporation operates as a New Jersey-based bank holding company through its subsidiary, Peapack Private Bank & Trust. The firm has pursued an aggressive push into the New York City and Long Island markets, blending commercial banking with an expanding wealth management business. This approach has supported loan and deposit growth, though it has also increased operating expenses in recent periods, keeping profitability trends in focus for investors. The Q3 2026 results provide a useful update on whether PGC can turn its balance-sheet momentum into consistent earnings growth while gaining ground on efficiency. With roughly $8.5 billion in total assets and $13.6 billion in assets under management and/or administration, this quarter acts as an important checkpoint on the multi-year shift toward a more boutique private banking model.
The Reported Numbers
For the third quarter ended September 30, 2026, PGC reported total revenue of approximately $87.5 million, up 24% from $70.7 million a year earlier. Diluted EPS reached $0.99, and GAAP net income totaled $18.9 million, with net income available to common shareholders at $18.5 million. Net interest income increased 33% year over year to $67.5 million, supported by loan growth and a wider net interest margin that reached 3.34%. Operating expenses came in at $55.1 million, down 1% from the previous quarter, and the efficiency ratio improved to 63.03%.
On the balance sheet, loans grew to $7.1 billion and deposits to $7.4 billion. Credit quality showed progress as nonperforming assets fell to $57.8 million, representing 0.68% of total assets. The provision for credit losses was $8.5 million, and the allowance for credit losses stood at $73.0 million, or 1.03% of total loans. Tangible book value per share rose 6% from a year earlier to $36.24. Relative to expectations, the $0.99 diluted EPS beat the roughly $0.93 consensus, while revenue of about $87.5 million came in slightly below the approximately $90 million estimate. I also checked this using Tickeron’s AI Screener to see how the results stacked up against peers in the regional banking space.
Market Reaction and Investor Sentiment
Sentiment toward PGC has been on an upward path through 2026 as the New York expansion has begun to deliver stronger revenue and margin expansion. Ahead of the release, the focus was on whether earnings momentum could hold while credit provisions rose with loan growth. The EPS beat, paired with a fourth consecutive quarter of efficiency gains and lower nonperforming assets, should have been viewed positively. That said, the modest revenue shortfall versus consensus and the higher credit-loss provision may limit some of the enthusiasm. As is typical for regional banks, the post-earnings share reaction will likely depend on management’s comments about net interest margin trends, expense control, and the pace of resolving problem credits.
Forward Outlook and Key Factors to Monitor
Several themes stand out for investors to follow after this report. The path of the net interest margin remains central, as the 3.34% level achieved in the quarter will need to be sustained or extended amid changing interest-rate conditions. Balance-sheet growth offers both potential and risk; commercial and industrial lending has driven much of the expansion, yet it also requires higher provisions. The $8.5 million provision in Q3 2026 reflects ongoing reserve building, and future levels will indicate how management assesses credit risk in the growing portfolio.
Efficiency continues to be an important differentiator. The improvement to a 63.03% efficiency ratio suggests the investments in New York and Long Island are starting to pay off, though further expense discipline will be required to maintain that progress. Capital management also warrants attention. Additional preferred stock was issued during the year to support growth, and tangible book value per share reached $36.24. Tracking capital ratios such as the Common Equity Tier 1 ratio and any shifts in capital priorities will matter as the expansion continues. These elements, rather than any single headline, are likely to shape the next stage of the PGC story.
Enhancing My Research with AI Tools
I regularly turn to Tickeron’s AI Screener when reviewing earnings reports like this one. It lets me quickly filter stocks by fundamentals, technical patterns, and performance metrics to spot how PGC compares with similar names and uncover other ideas in the sector. The tool has become a practical part of my routine for staying on top of developments across the market.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
PGC in upward trend: price rose above 50-day moving average on October 22, 2026
PGC moved above its 50-day moving average on October 22, 2026 date and that indicates a change from a downward trend to an upward trend. In 30 of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 21, 2026. You may want to consider a long position or call options on PGC as a result. In 57 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
The Moving Average Convergence Divergence (MACD) for PGC just turned positive on October 20, 2026. Looking at past instances where PGC's MACD turned positive, the stock continued to rise in 24 of 39 cases over the following month. The odds of a continued upward trend are 62%.
Following a +1.31% 3-day Advance, the price is estimated to grow further. Considering data from situations where PGC advanced for three days, in 181 of 289 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PGC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
PGC broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for PGC entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 26 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 28 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. PGC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 54 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.183) is normal, around the industry mean (1.272). P/E Ratio (15.571) is within average values for comparable stocks, (13.289). Projected Growth (PEG Ratio) (0.450) is also within normal values, averaging (1.190). Dividend Yield (0.004) settles around the average of (0.035) among similar stocks. P/S Ratio (2.606) is also within normal values, averaging (3.738).
The Tickeron Profit vs. Risk Rating rating for this company is 60 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 56, placing this stock slightly worse than average.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a regional bank
Industry RegionalBanks
Advertisement