NASDAQ$PGC
Peapack-Gladstone Financial Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Peapack-Gladstone's Q3 2021 earnings were announced, marked by record wealth management fee income, driving total fee income to 34% of total revenue.
Peapack-Gladstone Financial Corporation reported a slight increase in total revenue and net income for the third quarter of 2021 compared to the same period in 2020. Total revenue reached $52.99 million, and net income was $14.17 million. The growth was driven by increased wealth management fee income and capital markets activities, offsetting the impact of a $1.35 million swap valuation allowance.
- Total revenue increased to $52.99 million, a 1% increase compared to Q3 2020.
- Net income rose to $14.17 million, a 5% increase compared to Q3 2020.
- Wealth management fee income increased by 37% to $13.86 million.
- Diluted earnings per share increased to $0.74, up from $0.71 in Q3 2020.
Headline financials
Revenue & EPS history
Peapack-Gladstone · Revenue · Quarterly
$53M
Revenue by segment
Peapack-Gladstone · $14.5M total across 2 segments · Q2 2021
- Wealth Mgmt Fees$13M+30.3%89.9%
- Capital Markets$1.46M+44.6%10.1%
Forward guidance
Peapack-Gladstone anticipates continued growth in wealth management and commercial banking, with robust pipelines for both businesses heading into the fourth quarter.
Tailwinds
- Robust loan pipelines to generate loan growth and utilize excess liquidity.
- Continued downward repricing of maturing CDs.
- An increase in target Fed funds (should that occur).
- Continued growth in wealth management and commercial banking businesses.
- Gaining momentum in Corporate Advisory business with robust pipeline of new business opportunities.
Headwinds
- Potential impact of economic conditions on business and operations.
- Risk of higher-than-expected increases in loan and lease losses.
- Potential decline in real estate values within market areas.
- Risk of cyberattacks against IT infrastructure.
- Potential inability to adapt to technological changes.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.1%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+9.7%
Q3 2024
Best reaction
-12.3%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +8.9% | +8.8% | |
| Q3 2025 | +1.0% | +2.0% | +9.8% | |
| Q2 2025 | -0.9% | +1.8% | +9.3% | |
| Q1 2025 | -1.2% | -0.8% | -5.0% | |
| Q4 2024 | -1.2% | -3.5% | -1.1% | |
| Q3 2024 | +9.7% | +10.3% | +25.7% | |
| Q2 2024 | +1.4% | +7.6% | -1.8% | |
| Q1 2024 | -6.6% | -7.2% | -8.2% | |
| Q4 2023 | +4.0% | +4.6% | -18.7% | |
| Q3 2023 | -7.0% | -8.0% | +5.4% | |
| Q2 2023 | +2.5% | -1.2% | -9.0% | |
| Q1 2023 | -2.2% | -2.4% | +0.1% | |
| Q4 2022 | +1.0% | +5.0% | +6.2% | |
| Q3 2022 | +4.9% | +4.3% | +10.0% | |
| Q2 2022 | +5.1% | +6.9% | +9.3% | |
| Q1 2022 | -2.6% | +1.3% | +4.6% | |
| Q4 2021 | +6.7% | +8.7% | +9.2% | |
| Q3 2021 | +2.4% | +2.9% | +2.4% | |
| Q2 2021 | +5.6% | +3.8% | +9.4% | |
| Q1 2021 | +2.3% | +4.4% | +6.2% | |
| Q4 2020 | +5.6% | +8.9% | +23.4% | |
| Q3 2020 | +2.3% | +3.1% | +36.6% | |
| Q2 2020 | +1.8% | -3.3% | +2.5% | |
| Q1 2020 | -12.3% | -1.7% | +8.9% | |
| Q4 2019 | +3.0% | +4.0% | -4.7% | |
| Q3 2019 | +3.3% | +4.5% | +7.4% | |
| Q2 2019 | +1.3% | +2.0% | -2.8% | |
| Q1 2019 | +8.4% | +5.1% | +2.0% | |
| Q4 2018 | +1.4% | -0.4% | +10.6% | |
| Q3 2018 | -2.4% | -3.8% | -1.4% | |
| Q2 2018 | -2.7% | -3.4% | -2.1% | |
| Q1 2018 | -2.7% | -4.8% | +3.8% | |
| Q4 2017 | +3.8% | +1.2% | -6.3% | |
| Q3 2017 | -0.6% | +1.2% | -4.3% | |
| Q2 2017 | -3.6% | -2.2% | -6.1% | |
| Q1 2017 | +6.4% | +3.3% | -3.5% | |
| Q4 2016 | -4.3% | -2.2% | +1.1% | |
| Q3 2016 | -2.5% | -2.9% | +22.2% | |
| Q2 2016 | +0.0% | +0.9% | -0.2% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | -6.5% | — | — | |
| Q3 2015 | +5.5% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | -4.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -3.0% | — | — | |
| Q1 2011 | -1.5% | — | — | |
| Q1 2012 | +3.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q4 2010 | +1.4% | — | — |
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