Core Viewpoint - Plato Gold Corp. has successfully closed a loan financing agreement to support its drilling program and general corporate purposes, with a total loan amount of up to US$1,050,000 [2][3]. Group 1: Loan Financing Details - The loan consists of two parts: US$50,000 from one lender and US$1,000,000 from 1338823 Alberta Inc., which is controlled by Anthony Cohen, a director of Plato [2][3]. - The loan proceeds will be allocated to finance the drill program at the Lolita Project in Santa Cruz, Argentina, as well as for working capital and general corporate purposes [2]. - The loans are unsecured, carry an interest rate of 7% per annum, and are due on June 10, 2026, unless repaid earlier [2]. Group 2: Related Party Transaction - The loan from 1338823 Alberta Inc. is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3]. - The fair market value of the loan is stated to be not more than US$2.5 million, which allows the company to bypass certain regulatory requirements [3]. Group 3: Company Overview - Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange, with projects located in Timmins, Ontario, and Santa Cruz, Argentina [5]. - The company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares in Argentina, with potential for gold and silver [6]. - The company also has projects focused on niobium and platinum group metals in Ontario [6][7].

Toronto, ON, May 22, 2025 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to report the three months financial results for fiscal 2025 and 2024, as summarized below: Three Months Ended (Unaudited) March 31, March 31, 2025 2024 Income $ - $ 513 Net Loss and Comprehensive Loss $ 29,969 $ 52,664 Loss per ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16197 PEAPACK-GLADSTONE FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. ...

Toronto, May 01, 2025 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (FRANKFURT: 4Y7 OR WKN: A0M2QX) (“Plato” or the “Company”) an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announces preparations are advancing for the first ever drill program at the gold-silver Lolita Project, Santa Cruz, Argentina. Representatives from Plato and its subsidiary in Argentina, Winnipeg Minerals S.A., met with representatives from the Gov ...

Toronto,, April 24, 2025 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to report the twelve and three months financial results for fiscal 2024 and 2023, as summarized below: Year Ended Three Months Ended (Audited) (Unaudited) December 31,December 31, December 31,December 31, 2024 2023 <td style=" ...

Peapack-Gladstone (PGC) reported $64.36 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 21.3%. EPS of $0.43 for the same period compares to $0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $63.49 million, representing a surprise of +1.37%. The company delivered an EPS surprise of -15.69%, with the consensus EPS estimate being $0.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Peapack-Gladstone (PGC) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.69%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.52, delivering a surprise of 10.64%.Over the last four quarter ...

Financial Performance - Net income for Q1 2025 was $7.6 million, with diluted EPS of $0.43, compared to $9.2 million and $0.52 in Q4 2024[4]. - Net income for Q1 2025 was $7.6 million, a decrease from $9.2 million in Q4 2024[40]. - Net interest income rose to $45,505,000, compared to $41,908,000 in the previous quarter, reflecting a growth of 3.8%[69]. - Total recurring revenue increased to $64,164,000 from $61,287,000 in the previous quarter, marking a growth of 4.8%[69]. - Noninterest income from Capital Markets activities totaled $455,000, significantly up from $114,000 in Q4 2024[23]. - Total operating expenses increased to $49.4 million in Q1 2025, up from $47.9 million in Q4 2024 and $40.0 million in Q1 2024, driven by expansion into New York City and increased health insurance costs[26]. - Operating expenses were $49,440,000, up from $47,860,000 in the previous quarter, indicating a rise of 3.3%[69]. - The effective tax rate for Q1 2025 was 27.3%, compared to 24.5% in Q4 2024 and 30.4% in Q1 2024[27]. Loan and Deposit Growth - Total loans increased by $236 million to $5.8 billion, representing an annualized growth rate of 17%[3]. - Total loans reached $5,756,672,000, an increase of 4.27% from $5,520,920,000 as of December 31, 2024[43]. - Core relationship deposit balances increased by $177 million, contributing to total deposits of $6.3 billion, a $158 million increase from Q4 2024[3][10]. - Total deposits rose to $6,286,556,000, a 2.57% increase from $6,129,022,000 at December 31, 2024[43]. - Total loans closed for the quarter ended March 31, 2025, amounted to $438.17 million, a decrease from $527.90 million in the previous quarter[55]. Asset Management - Wealth Management AUM/AUA totaled $11.8 billion, with new business inflows of $341 million in Q1 2025[8][17]. - Assets under management at Peapack Private Bank & Trust's Wealth Management Division totaled $11.8 billion as of March 31, 2025, down slightly from $11.9 billion at December 31, 2024[43]. Credit Quality - Provision for credit losses increased to $4.47 million, a 610% rise compared to $0.63 million in Q1 2024[12]. - The provision for credit losses was $4.5 million in Q1 2025, significantly higher than $1.8 million in Q4 2024 and $615,000 in Q1 2024, due to loan growth and increased charge-offs[29]. - Nonperforming assets decreased to $97.2 million (1.36% of total assets) at March 31, 2025, down from $100.2 million (1.43% of total assets) at December 31, 2024[28]. - Nonperforming loans to total loans ratio improved to 1.69% as of March 31, 2025, compared to 1.81% at December 31, 2024[45]. - The allowance for credit losses was $75.2 million (1.31% of total loans) at March 31, 2025, compared to $73.0 million (1.32% of total loans) at December 31, 2024[30]. Capital Ratios - The Tier 1 Leverage Ratio was 10.05% for the Bank, and the Common Equity Tier 1 Ratio was 12.52% at March 31, 2025[10]. - The Tier I capital to risk-weighted assets ratio was 11.19% as of March 31, 2025, down from 11.51% on December 31, 2024[53]. - The common equity tier I capital ratio to risk-weighted assets was 11.19% as of March 31, 2025, compared to 11.51% in the previous quarter[53]. - As of March 31, 2025, the equity to total assets ratio increased to 8.73% from 8.64% in December 31, 2024[50]. Shareholder Value - Tangible book value per share increased by 2% to $32.56 at March 31, 2025, compared to $31.89 at December 31, 2024[10]. - The tangible book value per share rose to $35.08 as of March 31, 2025, compared to $34.45 on December 31, 2024[50]. - The company declared a cash dividend of $0.05 per share, payable on May 22, 2025[33]. - Shareholders' equity rose to $621,873,000 as of March 31, 2025, compared to $605,849,000 at December 31, 2024, reflecting a growth of 2.00%[43]. - Average shareholders' equity increased to $610,573,000 from $600,808,000 in the prior quarter[69]. Operational Developments - The Company opened a new branch at 300 Park Avenue in New York City, enhancing its presence in the Metro New York market[6]. - The company continues to seek efficiencies while investing in client experience enhancements amid its strategic expansion into New York City[27].

Wall Street expects a year-over-year increase in earnings on higher revenues when Peapack-Gladstone (PGC) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock m ...

Peapack-Gladstone (PGC) shares ended the last trading session 6% higher at $26.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.8% loss over the past four weeks.Peapack-Gladstone stock rallied, fueled by a massive jump in the broad markets. The jump was driven by President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the PGC stock hi ...