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Peapack-Gladstone Financial PGC Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

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Provident Financial ServicesPFS
$4.03M+92.8%
Park National logo
Park NationalPRK
$1.71M+12.9%
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Shore BancsharesSHBI
$33K-93.8%
Mercantile Bank Corporation logo
Mercantile Bank CorporationMBWM
$665K+22.5%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$853K-17.3%
CTB
Community Trust BancorpCTBI
$1.71M+65.6%

Other financials

Income statement

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Revenue$82.5M+28.2%
Net income$14.2M+86.3%
EPS (diluted)$0.80+86.0%

Balance sheet

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Cash & equivalents$253.4M+9.3%
Total debt$106.4M+140%
Total equity$699.2M+12.4%
Total assets$7.7B+8.1%

Cash flow

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Operating cash flow$24.6M+412%
CapEx$1.3M-64.1%
Free cash flow$23.3M+303%

Valuation

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Market cap$820.01M+73.9%
Enterprise value$673.03M+137%
P/E18.7×+3.9×
P/S2.7×+0.8×

Profitability

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Net margin14.6%+1.2pp
FCF margin14.2%-6.9pp

Returns & leverage

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Return on equity6.6%+1.3pp
Debt / equity0.2×+0.1×

Where this comes from

Reported directly by Peapack-Gladstone Financial in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

The official record: Peapack-Gladstone Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Peapack-Gladstone Financial's bank owned life insurance income?
Peapack-Gladstone Financial (PGC) reported bank owned life insurance income of $345K in Q1 2026.
How has Peapack-Gladstone Financial's bank owned life insurance income changed year-over-year?
Peapack-Gladstone Financial's bank owned life insurance income decreased by 7.0% year-over-year, from $371K to $345K.
What is the long-term trend for Peapack-Gladstone Financial's bank owned life insurance income?
Over 4 years (2021 to 2025), Peapack-Gladstone Financial's bank owned life insurance income has grown at a -0.3% compound annual growth rate (CAGR), from $1.7M to $1.68M.
What does bank owned life insurance income mean?
Refers to the income earned on life insurance policies purchased by the bank on the lives of key employees or officers. This serves as a tax-advantaged financial instrument used to offset the costs of employee benefit plans and provide long-term capital growth.