Peapack Gladstone Financial (PGC) Net Interest Margin And EPS Beat Support Bullish Narratives

Peapack-Gladstone Financial (PGC) opened 2026 with Q1 revenue of US$75.2 million and basic EPS of US$0.80, setting the tone against a trailing 12 month revenue base of US$273.9 million and EPS of US$2.49. Over recent quarters the company has seen revenue move from US$59.9 million in Q1 2025 to US$75.2 million in Q1 2026, while quarterly basic EPS shifted from US$0.43 to US$0.80. This gives investors a clear read on how profit per share has tracked alongside top line expansion. With trailing net profit margin at 16% versus 14% last year, this set of results puts profitability squarely in focus as investors parse the latest update.

See our full analysis for Peapack-Gladstone Financial.

With the headline numbers on the table, the next step is to see how these results line up against the prevailing stories about Peapack-Gladstone Financial and where the data challenges those narratives.

Curious how numbers become stories that shape markets? Explore Community Narratives

Loan book growth with improving credit quality

• Total loans moved from US$5,510.9 million in Q4 2024 to US$6,251.9 million in Q4 2025, while non performing loans over the same points fell from US$100.2 million to US$68.2 million. This shows a larger loan book paired with a smaller pool of problem loans at those dates.
• Bears often focus on regional credit and concentration risk in commercial and real estate lending. The data here partly challenges that concern, as:
  • Non performing loans at Q4 2025 are below the Q2 2025 figure of US$115.0 million, even though total loans are higher at US$6,251.9 million versus US$5,816.8 million.
  • The bank also carries a wealth management and trust business that adds fee income on top of lending, which is different to a pure loan driven model that critics often worry about.

Over the past year, skeptics have worried about loan concentration. At the same time, credit metrics and fee based wealth management help round out the story for this regional bank, so it can be useful to see how bears frame the risks in more detail 🐻 Peapack-Gladstone Financial Bear Case.

Net margin at 16% with higher trailing EPS

• On a trailing 12 month basis, net income excluding extra items stands at US$43.9 million on revenue of US$273.9 million, which equates to a 16% net margin and supports trailing basic EPS of US$2.49 compared with US$2.12 a year earlier.
• Supporters of the bullish view point to these profitability figures as a core strength, and the data gives them several talking points:
  • Earnings over the last year are reported as having grown 37.3%, and trailing net margin is described as moving from 14% to 16%. This lines up with the step up in trailing EPS from US$2.12 to US$2.49.
  • Net interest margin in the trailing data is 2.84% at Q4 2025 versus 2.32% at Q4 2024, which aligns with the idea that the underlying banking spread has helped support that higher profitability.

Stronger trailing margins and EPS growth are central to the optimistic case, so if you want to see how bullish investors connect these figures to a longer term story 🐂 Peapack-Gladstone Financial Bull Case.

P/E of 16x with price above DCF fair value

• At a share price of US$40.05 and trailing EPS of US$2.49, the stock trades on a P/E of about 16x. This is above the 11.7x US banks industry average and a peer average of 11.3x, and also sits above a DCF fair value of roughly US$34.91.
• What stands out is how this richer multiple lines up against the mix of growth and history that investors are weighing:
  • Earnings are forecast in the data to grow 34.72% per year with revenue forecast at 18.3% per year, yet the same data notes that over the prior five year period earnings declined at an annual rate of 9.8%. As a result, the share price is being compared with both a strong recent year and a weaker longer trend.
  • Even with the higher P/E relative to bank peers, the multiple is below the cited broader US market P/E of 19.7x, which may matter for investors who compare banks against the wider equity market rather than only against other banks.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Peapack-Gladstone Financial's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

With that backdrop in mind, now is a good time to look through the numbers yourself and see what stands out most to you. To round out your view before making any decisions, it can help to review 3 key rewards.

See What Else Is Out There

While Peapack-Gladstone Financial carries a 16x P/E that sits above both its banking peers and DCF fair value, earnings history and forecasts pull in different directions.

If that mix of richer pricing and uneven earnings story leaves you wanting a clearer margin of safety, it is worth checking 55 high quality undervalued stocks for alternatives that better match your comfort zone.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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