PEAPACK GLADSTONE FINANCIAL CORP
For the period ended Apr 22, 2026. Filed Apr 22, 2026.
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Apr 22, 2026 · Filed Apr 22, 2026
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Contents
EX-99.1 · SELECTED BALANCE SHEET DATA
SELECTED BALANCE SHEET DATA
| As of | |||||
|---|---|---|---|---|---|
| March 31, | Dec 31, | Sept 30, | June 30, | March 31, | |
| 2026 | 2025 | 2025 | 2025 | 2025 | |
| Asset Quality: | |||||
| Loans past due over 90 days and still accruing | $— | $— | $— | $— | $— |
| Nonaccrual loans | 59,321 | 68,243 | 84,142 | 114,958 | 97,170 |
| Other real estate owned | — | — | — | — | — |
| Total nonperforming assets | $59,321 | $68,243 | $84,142 | $114,958 | $97,170 |
| Nonperforming loans to total loans | 0.92% | 1.09% | 1.40% | 1.97% | 1.69% |
| Nonperforming assets to total assets | 0.77% | 0.91% | 1.13% | 1.60% | 1.36% |
| Performing modifications (A)(B) | $85,835 | $95,266 | $101,501 | $111,962 | $63,259 |
| Loans past due 30 through 89 days and still accruing | $47,053 | $26,555 | $28,817 | $15,522 | $28,323 |
| Loans subject to special mention | $75,935 | $51,027 | $56,534 | $86,907 | $75,248 |
| Classified loans | $90,583 | $118,912 | $134,982 | $145,783 | $142,273 |
| Individually evaluated loans | $59,321 | $68,243 | $84,142 | $114,958 | $97,170 |
| Allowance for credit losses ("ACL"): | |||||
| Beginning of quarter | $71,039 | $68,642 | $81,770 | $75,150 | $72,992 |
| Provision for credit losses (C) | 7,322 | 7,659 | 4,871 | 6,577 | 4,494 |
| (Charge-offs)/recoveries, net (D) | (11,335) | (5,262) | (17,999) | 43 | (2,336) |
| End of quarter | $67,026 | $71,039 | $68,642 | $81,770 | $75,150 |
| ACL to nonperforming loans | 112.99% | 104.10% | 81.58% | 71.13% | 77.34% |
| ACL to total loans | 1.04% | 1.14% | 1.14% | 1.40% | 1.31% |
| Collectively evaluated ACL to total loans (E) | 0.94% | 0.94% | 0.95% | 1.06% | 1.09% |
(A) Amounts reflect modifications that are paying according to modified terms.
(B) Excludes modifications included in nonaccrual loans of $19.6 million at March 31, 2026, $36.0 million at December 31, 2025, $37.6 million at September 30, 2025, $38.1 million at June 30, 2025 and $3.9 million at March 31, 2025.
(C) Excludes provision of $5,000 at March 31, 2026, provision of $12,000 at December 31, 2025, a credit of $81,000 at September 30, 2025, provision of $9,000 at June 30, 2025, and a credit of $23,000 at March 31, 2025 related to off-balance sheet commitments.
(D) Includes charge-offs of $7.8 million related to two commercial and industrial loans and $3.5 million to one multifamily loan for the quarter ended March 31, 2026. Includes charge-offs of $6.3 million related to two multifamily loans for the quarter ended December 31, 2025. Includes charge-offs of $6.7 million related to three multifamily loans and $11.3 million related to one equipment financing relationship for the quarter ended September 30, 2025.
(E) Total ACL less reserves to loans individually evaluated equals collectively evaluated ACL.
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