A Business at a Glance
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PEAPACK GLADSTONE FINANCIAL CORP
PGC
$824M
Mkt Cap
$46.38
+1.53%
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a current P/E ratio of 24.0, compared to its historical median P/E of 12.2. The stock is currently considered Expensive based on its historical valuation range.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a 5-year average return on invested capital (ROIC) of 8.7%. This is below average and may indicate limited pricing power.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a market capitalization of $824M. It is classified as a small-cap stock.
Yes, PEAPACK GLADSTONE FINANCIAL CORP (PGC) pays a dividend with a trailing twelve-month yield of 0.43%. The company also returns capital through share buybacks, with a buyback yield of 0.66%.
Based on historical P/E analysis, PEAPACK GLADSTONE FINANCIAL CORP (PGC) appears expensive. The current P/E of 24.0 is 98% above its historical median of 12.2. The estimated fair value CAGR (P/E method) is 2.0%.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) operates in the Commercial Banks, Nec industry, within the Financials sector.
The disclosures set forth in this Form 10-K are qualified by Item 1A-Risk Factors and the section captioned “Cautionary Statement Concerning Forward-Looking Statements” in Item 7-Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report and other cautionary statements set forth elsewhere in this report and filed by us from time to time with the Securities and Exchange Commission. The terms “Peapack,” the “Company,” “we,” “our” and “us” refer to Peapack-Gladstone Financial Corporation and its wholly-owned subsidiaries unless otherwise indicated or the context requires otherwise. The Corporation Peapack-Gladstone Financial Corporation (the "Company") is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 445M | 445M | 407M | 378M | 294M | 232M |
| Net Income | 37M | 37M | 33M | 49M | 74M | 57M |
| EPS | $2.10 | $2.10 | $1.85 | $2.71 | $4.00 | $2.93 |
| Free Cash Flow | 29M | 29M | 63M | 67M | 115M | 72M |
| ROIC | 6.9% | 5.9% | 5.5% | 8.8% | 13.8% | 9.7% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 0.11 | 0.11 | -0.67 | 0.69 | 0.71 | 10.12 |
| Dividends/Share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
| Operating Income | 52M | 52M | 45M | 67M | 102M | 78M |
| Operating Margin | 11.8% | 11.8% | 11.0% | 17.8% | 34.8% | 33.4% |
| ROE | 5.7% | 5.9% | 5.5% | 8.8% | 13.8% | 10.5% |
| Shares Outstanding | 18M | 18M | 18M | 18M | 19M | 19M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 96M | 123M | 146M | 173M | 204M | 235M | 228M | 232M | 294M | 378M | 407M | 445M | 445M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 36M | 40M | 45M | 54M | 63M | 70M | 78M | 82M | 89M | 101M | 122M | 145M | 145M |
| EBIT | 24M | 32M | 1.6M | 2.8M | 3.8M | 66M | 32M | 78M | 102M | 67M | 45M | 52M | 52M |
| Op. Margin | 25.2% | 26.2% | 1.1% | 1.6% | 1.9% | 28.1% | 14.1% | 33.4% | 34.8% | 17.8% | 11.0% | 11.8% | 11.8% |
| Net Income | 15M | 20M | 26M | 36M | 44M | 47M | 26M | 57M | 74M | 49M | 33M | 37M | 37M |
| Net Margin | 15.4% | 16.3% | 18.1% | 21.1% | 21.7% | 20.2% | 11.5% | 24.4% | 25.3% | 12.9% | 8.1% | 8.4% | 8.4% |
| Non-Recurring | 9K | 1.7M | 0 | 0 | 0 | 0 | 488K | 228K | 476K | 559K | 184K | 304K | 304K |
| Returns on Capital | |||||||||||||
| ROIC | 7.2% | 7.7% | 8.2% | 9.0% | 9.7% | 9.8% | 4.6% | 9.7% | 13.8% | 8.8% | 5.5% | 5.9% | 6.9% |
| ROE | 7.2% | 7.7% | 8.8% | 10.0% | 10.1% | 9.8% | 5.1% | 10.5% | 13.8% | 8.8% | 5.5% | 5.9% | 5.7% |
| ROA | 0.6% | 0.7% | 0.7% | 0.9% | 1.0% | 1.0% | 0.5% | 0.9% | 1.2% | 0.8% | 0.5% | 0.5% | 0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 27M | 30M | 43M | 56M | 64M | 86M | 37M | 75M | 119M | 70M | 71M | 43M | 43M |
| Free Cash Flow | 23M | 28M | 40M | 54M | 63M | 85M | 34M | 72M | 115M | 67M | 63M | 29M | 29M |
| Owner Earnings | 24M | 26M | 40M | 52M | 60M | 81M | 32M | 68M | 111M | 62M | 66M | 37M | 37M |
| CapEx | 3.9M | 1.9M | 3.2M | 2.4M | 1.1M | 1.7M | 3.1M | 3.9M | 3.5M | 3.3M | 8.1M | 14M | 14M |
| Maint. CapEx | 3.0M | 4.0M | 3.2M | 3.6M | 4.3M | 4.2M | 4.4M | 4.8M | 5.0M | 5.0M | 4.6M | 5.2M | 5.2M |
| Growth CapEx | 948K | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.5M | 9.1M | 9.1M |
| D&A | 3.0M | 4.0M | 3.2M | 3.6M | 4.3M | 4.2M | 4.4M | 4.8M | 5.0M | 5.0M | 4.6M | 5.2M | 5.2M |
| CapEx/OCF | 14.5% | 6.3% | 7.5% | 4.3% | 1.6% | 2.0% | 8.4% | 5.2% | 3.0% | 4.7% | 11.4% | N/A | 33.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 2.4M | 3.1M | 3.3M | 3.5M | 3.7M | 3.9M | 3.8M | 3.8M | 3.6M | 3.6M | 3.5M | 3.5M | 3.5M |
| Dividend Yield | 1.1% | 1.0% | 1.0% | 0.7% | 0.6% | 0.7% | 1.0% | 0.6% | 0.6% | 0.7% | 0.7% | N/A | 0.4% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 21M | 6.5M | 29M | 33M | 12M | 7.2M | 5.4M | 5.4M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 3.6% | 1.5% | 4.3% | 4.9% | 2.3% | 1.3% | 0.0% | 0.7% |
| Stock-Based Comp | 283K | 319K | 156K | 122K | 189K | 1.1M | 741K | 2.4M | 2.9M | 3.2M | 877K | 1.2M | 1.2M |
| Debt Repayment | 300K | 14M | 41M | 0 | 0 | 0 | 0 | 0 | 380M | 24M | 404M | 73M | 73M |
| Balance Sheet | |||||||||||||
| Net Debt | -280M | -166M | -419M | -407M | -539M | -471M | -1.2B | N/A | -365M | -334M | -1.6B | -889M | -115M |
| Cash & Equiv. | 2.4M | 12M | 163M | 113M | 161M | 208M | 653M | 147M | 190M | 188M | 391M | 188M | 188M |
| Long-Term Debt | N/A | N/A | 49M | 34M | N/A | N/A | 98M | N/A | N/A | N/A | N/A | N/A | 73M |
| Debt/Equity | 0.23 | 0.15 | 0.15 | 0.08 | 0.00 | 0.25 | 0.21 | 10.12 | 0.71 | 0.69 | -0.67 | 0.11 | 0.11 |
| Interest Coverage | 4.2 | 3.2 | 0.1 | 0.1 | 2.3 | 2.1 | 1.8 | 4.5 | 3.9 | 353.3 | 506.1 | 0.0 | 0.3 |
| Equity | 242M | 276M | 324M | 404M | 469M | 504M | 527M | 546M | 533M | 584M | 606M | 658M | 658M |
| Total Assets | 2.7B | 3.4B | 3.9B | 4.3B | 4.6B | 5.2B | 5.9B | 6.1B | 6.4B | 6.5B | 7.0B | 7.5B | 7.5B |
| Total Liabilities | 2.5B | 3.1B | 3.6B | 3.9B | 4.1B | 4.7B | 5.4B | 5.5B | 5.8B | 5.9B | 6.4B | 6.9B | 6.9B |
| Intangibles | N/A | 1.7M | 1.6M | 6.7M | 8.0M | 10M | 11M | 13M | 11M | 9.8M | 8.7M | 7.6M | 7.6M |
| Retained Earnings | 41M | 58M | 81M | 114M | 155M | 199M | 221M | 274M | 349M | 394M | 424M | 457M | 457M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 1.22 | 1.29 | 1.60 | 2.03 | 2.31 | 2.44 | 1.37 | 2.93 | 4.00 | 2.71 | 1.85 | 2.10 | 2.10 |
| Owner EPS | 1.97 | 1.68 | 2.39 | 2.90 | 3.12 | 4.17 | 1.65 | 3.53 | 5.98 | 3.43 | 3.68 | 2.06 | 2.06 |
| Book Value | 19.85 | 17.81 | 19.59 | 22.45 | 24.53 | 25.91 | 27.57 | 28.27 | 28.71 | 32.38 | 33.98 | 37.03 | 37.03 |
| Cash Flow/Share | 2.23 | 1.96 | 2.59 | 3.11 | 3.36 | 4.44 | 1.92 | 3.90 | 6.41 | 3.89 | 3.99 | 2.43 | 2.39 |
| Dividends/Share | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Shares Out. | 12.2M | 15.5M | 16.5M | 18.0M | 19.1M | 19.4M | 19.1M | 19.3M | 18.6M | 18.0M | 17.8M | 17.8M | 17.8M |
| Valuation | |||||||||||||
| P/E Ratio | 13.9 | 15.3 | 18.5 | 16.4 | 10.3 | 12.2 | 16.1 | 11.7 | 8.9 | 10.9 | 17.2 | N/A | 22.1 |
| P/FCF | 8.9 | 10.7 | 12.4 | 11.2 | 7.2 | 6.8 | 12.5 | 9.3 | 5.7 | 8.0 | 9.0 | N/A | 28.6 |
| EV/EBIT | 8.2 | 7.4 | N/A | N/A | N/A | 5.6 | 6.2 | N/A | 7.5 | 13.9 | N/A | N/A | 13.6 |
| Price/Book | 0.9 | 1.1 | 1.5 | 1.5 | 1.0 | 1.1 | 0.8 | 1.2 | 1.2 | 0.9 | 0.9 | N/A | 1.3 |
| Price/Sales | 2.4 | 2.8 | 2.5 | 3.7 | 3.7 | 3.0 | 2.0 | 2.8 | 2.6 | 2.2 | 2.1 | N/A | 1.9 |
| FCF Yield | 11.3% | 9.3% | 8.1% | 8.9% | 13.9% | 14.7% | 8.0% | 10.8% | 17.5% | 12.5% | 11.1% | N/A | 3.5% |
| Market Cap | 207M | 305M | 490M | 599M | 456M | 576M | 421M | 665M | 661M | 534M | 569M | 0 | 824M |
| Avg. Price | 17.38 | 19.40 | 19.24 | 29.93 | 30.80 | 26.83 | 19.42 | 30.47 | 34.11 | 28.65 | 26.63 | 0.00 | 46.38 |
| Year-End Price | 16.96 | 19.70 | 29.63 | 33.33 | 23.86 | 29.65 | 22.04 | 34.41 | 35.62 | 29.61 | 31.91 | 0.00 | 46.38 |
PEAPACK GLADSTONE FINANCIAL CORP passes 2 of 9 quality checks, indicating weak fundamentals.
PEAPACK GLADSTONE FINANCIAL CORP trades at 24.0x trailing earnings, compared to its 15-year median P/E of 12.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.8x vs a median of 9.0x. The company's 5-year average ROIC is 8.7%. Total shareholder yield (dividends + buybacks) is 1.1%. At current prices, the estimated annualized return to fair value is -0.3%.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) reported annual revenue of $445 million in its most recent fiscal year, based on SEC EDGAR filings.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a net profit margin of 8.4%. This is a modest margin.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) generated $29 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) reported earnings per share (EPS) of $2.10 in its most recent fiscal year.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a return on equity (ROE) of 5.9%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for PEAPACK GLADSTONE FINANCIAL CORP (PGC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PEAPACK GLADSTONE FINANCIAL CORP (PGC) has a book value per share of $37.03, based on its most recent annual SEC filing.
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