The earnings decline and margin compression signal ongoing pressure from higher deposit costs and a less favorable credit environment. Monitor the net interest margin trajectory and loan growth in the next quarter for signs of stabilization or further deterioration.
Price Chart
Executive Summary
Peapack-Gladstone Financial Corporation reported Q3 2026 earnings with net income of $8.2 million, or $0.46 per diluted share, compared to $9.1 million, or $0.51 per diluted share, in Q3 2025. Net interest income declined 8.5% year-over-year to $25.4 million, driven by higher deposit costs and a shift in deposit mix, while non-interest income rose 12.3% to $6.4 million. The provision for credit losses increased to $1.5 million from $0.8 million a year ago, reflecting a less favorable economic outlook.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $8.2 million, down 9.9% from $9.1 million in Q3 2025
- Diluted EPS of $0.46, down 9.8% from $0.51 in Q3 2025
- Net interest income fell 8.5% to $25.4 million from $27.8 million
- Net interest margin compressed to 2.68% from 3.02% a year ago
- Provision for credit losses nearly doubled to $1.5 million from $0.8 million
- Non-interest income increased 12.3% to $6.4 million, driven by wealth management fees
- Total deposits declined 2.1% to $4.8 billion; non-interest-bearing deposits fell 15.3%
- Total loans grew 1.8% to $4.2 billion
- Book value per share rose to $27.34 from $25.89 a year ago
- Tangible book value per share increased to $24.11 from $22.70
Financial Impact
Net income declined ~$0.9M YoY; net interest margin compressed 34 bps; provision for credit losses increased $0.7M
Risk Factors
- Continued net interest margin compression if deposit costs remain elevated
- Further credit quality deterioration if economic outlook worsens
- Declining non-interest-bearing deposits could pressure funding costs
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3380092 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $45.19 | awaiting T+60 | — | $46.07 (+1.95%) |
Oct 19, 2026 8d ago | Press Release | $42.82 | awaiting T+60 | — | $46.07 (+7.59%) |
Oct 15, 2026 11d ago | Press Release | $43.38 | awaiting T+60 | — | $46.07 (+6.20%) |
Oct 13, 2026 14d ago | Press Release | $43.28 | awaiting T+60 | — | $46.07 (−6.45%) |
Oct 5, 2026 22d ago | Press Release | $44.34 | awaiting T+60 | — | $46.07 (+3.90%) |
Sep 22, 2026 5w ago | Press Release | $44.68 | awaiting T+60 | — | $46.07 (+3.11%) |
Sep 9, 2026 6w ago | Press Release | $45.62 | awaiting T+60 | — | $46.07 (+0.99%) |
Sep 1, 2026 8w ago | Press Release | $44.59 | awaiting T+60 | — | $46.07 (+3.32%) |
Jul 30, 2026 12w ago | Press Release | $46.02 $45.43 | ▼ −1.28% | ▼ −3.75% | $46.07 (+0.11%) |
Jul 27, 2026 13w ago | 8-K | $47.72 $43.95 | ▼ −7.90% | ▼ −12.25% | $46.07 (−3.46%) |
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