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Peapack-Gladstone Financial PGC Provision for Credit Losses

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Segments

By segment

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Banking$8.09M+22.8%

Other financials

Income statement

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Revenue$86.1M+23.4%
Net income$16.0M+101%
EPS (diluted)$0.86+91.1%

Balance sheet

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Cash & equivalents$253.9M-19.6%
Total debt$117.5M+173%
Total equity$715.8M+13.7%
Total assets$8.0B+10.7%

Cash flow

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Operating cash flow$51.2M+221%
CapEx$2.6M-56.2%
Free cash flow$48.6M

Valuation

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Market cap$800.42M+79.2%
Enterprise value$663.97M+281%
P/E15.4×+1.6×
P/S2.5×+0.8×

Profitability

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Net margin16.4%+3.5pp
FCF margin14.2%-6.9pp

Returns & leverage

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Return on equity7.7%+2.4pp
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:ProvisionForLoanLeaseAndOtherLosses.

The source filing: Peapack-Gladstone Financial’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 11:46 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-339645
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Amortization of intangible assets487543
Write-off of subordinated debt costs938
Amortization of subordinated debt costs32372
Provision for credit losses15,41511,057
Deferred tax expense(3,211)(2,691)
Stock-based compensation and employee stock purchase plan expense11095
Fair value adjustment for equity security139(237)
Loss/(gain) on securities available for sale81(7)

Item 1. Financial Statements

FAQ

What is Peapack-Gladstone Financial's provision for credit losses?
Peapack-Gladstone Financial (PGC) reported provision for credit losses of $8.09M in Q2 2026.
How has Peapack-Gladstone Financial's provision for credit losses changed year-over-year?
Peapack-Gladstone Financial's provision for credit losses increased by 22.8% year-over-year, from $6.59M to $8.09M.
What is the long-term trend for Peapack-Gladstone Financial's provision for credit losses?
Over 4 years (2021 to 2025), Peapack-Gladstone Financial's provision for credit losses has grown at a 38.1% compound annual growth rate (CAGR), from $6.48M to $23.52M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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