The mixed quarter with an EPS miss but strong revenue growth and margin expansion creates uncertainty. Monitor the July 28 investor call for guidance on credit quality trends and the impact of the preferred stock issuance on future EPS. The elevated nonperforming assets warrant close attention.
Price Chart
Executive Summary
Peapack-Gladstone Financial reported Q2 2026 EPS of $0.85, a 2.9% miss vs. the $0.88 consensus, but revenue of $86.1M beat the $85.2M estimate. Net income available to common shareholders rose 89% YoY to $15.8M, driven by 23% revenue growth and 7% expense growth, producing strong operating leverage. However, nonperforming assets increased to $72.2M (0.91% of assets) from $59.3M (0.77% in Q1), and the company issued the remaining $20M of convertible preferred stock, adding dilution.
Key Financial Metrics
Key Facts
- EPS of $0.85 missed consensus of $0.88 by 2.9%
- Revenue of $86.1M beat consensus of $85.2M
- Net income available to common shareholders rose 89% YoY to $15.8M
- Net interest margin expanded to 3.32% from 2.77% YoY
- Nonperforming assets increased to $72.2M (0.91% of assets) from $59.3M (0.77%) in Q1
- Issued remaining $20M of 6% convertible preferred stock on July 24, 2026
- Total loans grew 15% annualized to $6.7B
- GAAP efficiency ratio improved to 64.69% from 74.41% YoY
Financial Impact
EPS miss of $0.03 vs consensus; revenue beat of $0.9M; $20M preferred stock issuance adds dilution
Risk Factors
- Further deterioration in asset quality if nonperforming loans continue to rise
- Dilution from the $20M convertible preferred stock issuance
- Potential for higher provision expenses if credit conditions worsen
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3333901 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $45.44 | awaiting T+60 | — | $45.78 (+0.75%) |
Oct 27, 2026 today | Press Release | $45.44 | awaiting T+60 | — | $45.78 (+0.75%) |
Oct 22, 2026 5d ago | Press Release | $45.19 | awaiting T+60 | — | $45.78 (+1.31%) |
Oct 19, 2026 8d ago | Press Release | $42.82 | awaiting T+60 | — | $45.78 (+6.91%) |
Oct 15, 2026 12d ago | Press Release | $43.38 | awaiting T+60 | — | $45.78 (+5.53%) |
Oct 13, 2026 14d ago | Press Release | $43.28 | awaiting T+60 | — | $45.78 (−5.78%) |
Oct 5, 2026 22d ago | Press Release | $44.34 | awaiting T+60 | — | $45.78 (+3.25%) |
Sep 22, 2026 5w ago | Press Release | $44.68 | awaiting T+60 | — | $45.78 (+2.46%) |
Sep 9, 2026 6w ago | Press Release | $45.62 | awaiting T+60 | — | $45.78 (+0.35%) |
Sep 1, 2026 8w ago | Press Release | $44.59 | awaiting T+60 | — | $45.78 (+2.67%) |
US Market Status
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