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PGC

PEAPACK GLADSTONE FINANCIAL CORP
7 filings tracked
financialsasset managementSMALL ($300M-2B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Peapack-Gladstone Financial Corporation has hit a definitive earnings inflection point, reporting a staggering 86% year-over-year increase in net income to $14.2 million for the first quarter of 2026.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the headline earnings growth, a closer look at Peapack-Gladstone's credit profile reveals emerging vulnerabilities.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing presents a company in transition, balancing aggressive growth and margin optimization against a backdrop of deteriorating asset quality. On one hand, the surge in net income and the successful execution of the New York City expansion suggest a scalable growth model. On the other, the rise in special-mention loans and the decline in the allowance for credit losses relative to the loan book indicate that the cost of this growth may be manifesting in the credit portfolio. Investors are left to weigh the immediate benefits of a 3.26% net interest margin and a diversified revenue stream against the risks of a potential credit cycle downturn. The redemption of subordinated debt and the issuance of Tier 1 preferred stock provide a necessary capital cushion, but the ultimate success of the strategy depends on whether the new loan production can maintain yields without triggering a spike in non-performing assets.

Selected Quarter

Core Takeaway

PGC is successfully growing its top line and margins through geographic expansion, but credit quality is deteriorating in the multifamily and commercial segments.

Investor Lens

The trade-off is between immediate EPS growth and the long-term sustainability of the credit portfolio.

Watch Next

The ratio of non-performing loans to total loans and the stability of reciprocal deposit flows in the next 10-Q.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.67Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%
bullishMay 8

Net income surged 86% year-over-year to $14.2 million.

earnings beat
90%
bullishMay 8

Net interest margin increased by 58 basis points to 3.26%.

margin expansion
70%
bullishMay 8

Raised $30 million through the issuance of Series B Preferred Stock.

capital raise
60%
bullishMay 8

Fully redeemed $100 million in subordinated notes.

debt restructure
50%

Filing History

10-QMay 8, 2026
Expand Sequence

The Q1 2026 filing presents a company in transition, balancing aggressive growth and margin optimization against a backdrop of deteriorating asset quality. On one hand, the surge in net income and the successful execution of the New York City expansion suggest a scalable growth model. On the other, the rise in special-mention loans and the decline in the allowance for credit losses relative to the loan book indicate that the cost of this growth may be manifesting in the credit portfolio. Investors are left to weigh the immediate benefits of a 3.26% net interest margin and a diversified revenue stream against the risks of a potential credit cycle downturn. The redemption of subordinated debt and the issuance of Tier 1 preferred stock provide a necessary capital cushion, but the ultimate success of the strategy depends on whether the new loan production can maintain yields without triggering a spike in non-performing assets.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.