PEAPACK GLADSTONE FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
PGC$45.90+0.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition at September 30, 2026 and December 31, 2025
CONSOLIDATED STATEM ENTS OF CONDITION
(Dollars in thousands, except per share data)
| (unaudited) | (audited) | |
|---|---|---|
| September 30, | December 31, | |
| 2026 | 2025 | |
| ASSETS | ||
| Cash and due from banks | $9,039 | $8,712 |
| Interest-earning deposits | 259,843 | 179,108 |
| Total cash and cash equivalents | 268,882 | 187,820 |
| Securities available for sale | 811,994 | 774,203 |
| Securities held to maturity (fair value $66,741 at September 30, 2026 and $87,491 at December 31, 2025) | 77,350 | 95,862 |
| CRA equity security, at fair value | 12,818 | 13,459 |
| Federal Home Loan Bank / Federal Reserve Bank stock, at cost | 22,199 | 14,605 |
| Loans held for sale, at fair value | — | 450 |
| Loans held for sale, at lower of cost or fair value | 1,266 | 4,437 |
| Loans | 7,080,420 | 6,253,736 |
| Less: allowance for credit losses | 72,951 | 71,039 |
| Net loans | 7,007,469 | 6,182,697 |
| Premises and equipment | 41,983 | 39,164 |
| Other real estate owned | 96 | — |
| Accrued interest receivable | 35,297 | 31,971 |
| Bank owned life insurance | 48,266 | 47,761 |
| Goodwill | 36,212 | 36,212 |
| Other intangible assets | 6,904 | 7,627 |
| Finance lease right-of-use assets | 739 | 844 |
| Operating lease right-of-use assets | 43,399 | 39,886 |
| Deferred tax assets, net | 3,458 | 772 |
| Other assets | 79,214 | 48,639 |
| TOTAL ASSETS | $8,497,546 | $7,526,409 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing demand deposits | $1,555,544 | $1,428,745 |
| Interest-bearing deposits: | ||
| Checking | 3,658,620 | 3,448,497 |
| Savings | 103,933 | 105,123 |
| Money market accounts | 1,670,251 | 1,197,995 |
| Certificates of deposit - retail | 370,034 | 408,219 |
| Certificates of deposit - listing service | — | 400 |
| Total deposits | 7,358,382 | 6,588,979 |
| Short-term borrowings | 281,119 | 73,267 |
| Finance lease liabilities | 1,060 | 1,186 |
| Operating lease liabilities | 46,804 | 43,294 |
| Subordinated debt, net | — | 99,030 |
| Accrued expenses and other liabilities | 74,555 | 62,447 |
| TOTAL LIABILITIES | 7,761,920 | 6,868,203 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock (no par value; authorized 500,000 shares; issued 50,000 shares; liquidation preference of $1,000 per share) | 50,000 | — |
| Common stock (no par value; stated value $0.83 per share; authorized 42,000,000 shares; issued shares, 21,877,192 at September 30, 2026 and 21,707,259 at December 31, 2025; outstanding shares, 17,727,952 at September 30, 2026 and 17,558,019 at December 31, 2025) | 18,238 | 18,096 |
| Surplus | 356,659 | 353,267 |
| Treasury stock at cost (4,149,240 shares at September 30, 2026 and 4,149,240 shares at December 31, 2025) | (122,953) | (122,953) |
| Retained earnings | 503,087 | 457,357 |
| Accumulated other comprehensive loss, net of income tax | (69,405) | (47,561) |
| TOTAL SHAREHOLDERS’ EQUITY | 735,626 | 658,206 |
| TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY | $8,497,546 | $7,526,409 |
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