NASDAQ$PGC

Peapack-Gladstone Financial Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong fourth quarter results, as net interest margin continued to expand.

Peapack-Gladstone Financial Corporation reported strong fourth quarter results with total revenue of $64.85 million, net income of $20.58 million, and diluted earnings per share of $1.12. The results were driven by continued improvement in net interest income and net interest margin.

  • Net interest margin improved by 14 basis points compared to Q3 2022 and 66 basis points compared to Q4 2021.
  • Wealth Management fee income of $13.0 million comprised 20% of total revenue for the quarter.
  • Total loans were $5.30 billion, reflecting growth of $112 million (2.2% linked quarter or 8.7% annualized) compared to September 30, 2022.
  • Repurchased 140,700 shares of Company stock for a total cost of $5.2 million during Q4 2022.

Headline financials

Total Revenue

$64.9M

Previous: $56.2M+15.4%
EPS (adj)

$1.12

Previous: $0.78+43.6%
Capital Expenditures

$787K

Previous: $557K+41.3%
Free Cash Flow

$12.5M

Previous: $6.44M+94.4%
Net Income

$20.6M

Previous: $14.9M+38.5%
Gross Profit

$64.9M

Previous: $55M+17.8%
Cash & Equivalents

$190M

Previous: $147M+29.5%
Total Assets

$6.35B

Previous: $6.08B+4.5%

Revenue & EPS history

Peapack-Gladstone · Revenue · Quarterly

$64.9M

Q4 2022+15.4%vs Q4 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Peapack-Gladstone · $14.5M total across 2 segments · Q2 2021

  • Wealth Mgmt Fees
    $13M+30.3%
  • Capital Markets
    $1.46M+44.6%

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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