Peapack-Gladstone

Q2 FY2026 EarningsQ2 FY26 results slightly beat revenue expectations ($86.1M vs. $85.2M consensus) but missed on Diluted EPS ($0.85 vs. $0.88 expected), primarily due to higher-than-expected credit loss provisions and share dilution from a recent preferred stock issuance. Net Interest Margin (NIM) expanded to 3.32%, surpassing the 3.28% consensus, driven by balance sheet repositioning and disciplined pricing. Wealth management fee income remained a strong contributor at 20% of total revenue, while the GAAP efficiency ratio improved for the seventh consecutive quarter to 65%.