Peapack-Gladstone Financial Corp reports results for the quarter ended June 30 - Earnings Summary
Peapack-Gladstone Financial Corp reports results for the quarter ended June 30 - Earnings Summary
Peapack-Gladstone Financial Corp PGC.OQ reported quarterly adjusted earnings of 85 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of four analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 85 cents to 90 cents per share.
Revenue rose 29.1% to $86.05 million from a year ago; analysts expected $84.48 million.
Peapack-Gladstone Financial Corp's reported EPS for the quarter was 85 cents.
The company reported quarterly net income of $15.78 million.
Peapack-Gladstone Financial Corp shares had fallen by 2.0% this quarter and gained 66.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Peapack-Gladstone Financial Corp is $51.50, about 9.9% above its last closing price of $46.38
This summary was machine generated from LSEG data July 27 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.87 | 0.85 | Missed |
Mar. 31 2026 | 0.68 | 0.80 | Beat |
Dec. 31 2025 | 0.63 | 0.62 | Missed |
Sep. 30 2025 | 0.60 | 0.54 | Missed |
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Peapack-Gladstone Financial Corp reports results for the quarter ended June 30 - Earnings Summary