PEAPACK GLADSTONE FINANCIAL CORP
For the period ended Jul 27, 2026. Filed Jul 27, 2026.
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Jul 27, 2026 · Filed Jul 27, 2026
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Contents
EX-99.1 · SELECTED BALANCE SHEET DATA
SELECTED BALANCE SHEET DATA
| As of | |||||
|---|---|---|---|---|---|
| June 30, | March 31, | Dec 31, | Sept 30, | June 30, | |
| 2026 | 2026 | 2025 | 2025 | 2025 | |
| Asset Quality: | |||||
| Loans past due over 90 days and still accruing (A) | $3,300 | $— | $— | $— | $— |
| Nonaccrual loans | 68,034 | 59,321 | 68,243 | 84,142 | 114,958 |
| Other real estate owned | 908 | — | — | — | — |
| Total nonperforming assets | $72,242 | $59,321 | $68,243 | $84,142 | $114,958 |
| Nonperforming loans to total loans | 1.07% | 0.92% | 1.09% | 1.40% | 1.97% |
| Nonperforming assets to total assets | 0.91% | 0.77% | 0.91% | 1.13% | 1.60% |
| Performing modifications (B)(C) | $27,268 | $85,835 | $95,266 | $101,501 | $111,962 |
| Loans past due 30 through 89 days and still accruing (D) | $48,080 | $47,053 | $26,555 | $28,817 | $15,522 |
| Loans subject to special mention | $59,832 | $75,935 | $51,027 | $56,534 | $86,907 |
| Classified loans | $97,713 | $90,583 | $118,912 | $134,982 | $145,783 |
| Individually evaluated loans | $68,034 | $59,321 | $68,243 | $84,142 | $114,958 |
| Allowance for credit losses ("ACL"): | |||||
| Beginning of quarter | $67,026 | $71,039 | $68,642 | $81,770 | $75,150 |
| Provision for credit losses (E) | 8,012 | 7,322 | 7,659 | 4,871 | 6,577 |
| (Charge-offs)/recoveries, net (F) | (5,871) | (11,335) | (5,262) | (17,999) | 43 |
| End of quarter | $69,167 | $67,026 | $71,039 | $68,642 | $81,770 |
| ACL to nonperforming loans | 96.96% | 112.99% | 104.10% | 81.58% | 71.13% |
| ACL to total loans | 1.04% | 1.04% | 1.14% | 1.14% | 1.40% |
| Collectively evaluated ACL to total loans (G) | 0.97% | 0.94% | 0.94% | 0.95% | 1.06% |
(A) Related to one matured, well secured multifamily loan. Closing is pending resolution of certain legal matters.
(B) Amounts reflect modifications that are paying according to modified terms.
(C) Excludes modifications included in nonaccrual loans of $21.6 million at June 30, 2026, $19.6 million at March 31, 2026, $36.0 million at December 31, 2025, $37.6 million at September 30, 2025, and $38.1 million at June 30, 2025.
(D) Includes one equipment financing relationship of $10.3 million that was in the process of restructuring at June 30, 2026.
(E) Excludes provision of $76,000 at June 30, 2026, 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, and provision of $9,000 at June 30, 2025.
(F) Includes charge-offs of $4.8 million related to one multifamily loan and $995,000 related to one commercial mortgage for the quarter ended June 30, 2026. 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.
(G) Total ACL less reserves to loans individually evaluated equals collectively evaluated ACL.
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