Wealth Management - As of December 31, 2025, Peapack-Gladstone Financial Corporation's Wealth Management Division had $13.1 billion in assets under management and/or administration[38]. - The company aims to grow its wealth management business through organic growth and strategic acquisitions, emphasizing a relationship-driven private banking model[39]. - Peapack Private Bank & Trust rebranded effective January 1, 2025, to align its brand with its strategic vision and private banking model[49]. - The wealth management business is vulnerable to reductions in assets under management, which could decrease fees earned and negatively affect results of operations[157]. - Strong competition in the wealth management sector may hinder the company's ability to attract and retain clients, impacting financial performance[158]. - The wealth management industry faces extensive regulation, which could adversely affect revenues and profitability due to potential penalties or compliance costs[159]. Community Engagement - In 2025, employees performed over 1,500 hours of community service and the company provided $941,000 in financial support to over 320 charitable organizations[36]. Technology and Innovation - The company reported a focus on enhancing technology and utilizing artificial intelligence to improve client experience and operational efficiency[52]. - The Company relies on AI and ML technologies, exposing it to operational, data, regulatory, and reputational risks that could materially impact financial results[160]. Employee and Workplace Recognition - Peapack-Gladstone Financial Corporation had 682 full-time and part-time employees as of December 31, 2025[20]. - The company has been recognized as one of American Banker's "Best Banks to Work For" for eight consecutive years from 2018 to 2025[25]. Capital and Financial Health - The company emphasizes a disciplined approach to capital deployment and maintaining a strong balance sheet to support growth[52]. - The Company is required to maintain a common equity Tier 1 (CET1) capital to risk-based assets ratio of at least 4.5% as per Basel III standards[65]. - The Company and the Bank were in compliance with the capital requirements, including the capital conservation buffer, as of December 31, 2025[68]. - The capital conservation buffer requires an additional 2.5% CET1 on top of minimum risk-weighted asset ratios, resulting in minimum ratios of 7.0% for CET1, 8.5% for Tier 1 capital, and 10.5% for total capital[67]. - The Bank's capital ratios were all above the minimum levels required for it to be considered a "well capitalized" financial institution at December 31, 2025[70]. - The Bank's ability to raise additional capital may be constrained by market conditions and financial performance, which could impair future growth[131]. - Regulatory requirements may limit the Bank's ability to pay dividends or repurchase shares if capital levels fall below required amounts[134]. - The imposition of more stringent capital requirements could lower returns on equity and necessitate raising additional capital[135]. Risk Management - The company is sensitive to adverse changes in the local economy, which could lead to higher losses and delinquencies on loans due to its concentration in Central and Northern New Jersey and metropolitan New York[100]. - Inflation levels have remained elevated, exceeding the Federal Reserve Board's long-term target of 2.0%, which could negatively impact the company's investment securities and increase noninterest expenses[101]. - A deterioration in the commercial real estate market could adversely affect the company's financial condition and results of operations due to significant concentrations in specific industries[106]. - The company maintains allowances for credit losses, which are subject to change based on economic conditions and may require increases that could reduce net income and capital[109]. - The repayment of commercial real estate loans depends on income generated by the property, exposing the company to greater credit risk compared to residential real estate loans[110]. - The company faces risks related to credit quality due to its exposure to small- and medium-sized businesses, which may be less able to withstand economic pressures[105]. - Changes in federal funding and supply chain disruptions could negatively impact customers' ability to repay loans, affecting the company's financial performance[104]. - The company is affected by monetary policies of the U.S. federal government, which could have a material adverse effect on its business and financial condition[95]. - The Bank is exposed to environmental liability risks associated with its lending activities, which could have a material adverse effect on its financial condition[113]. - Cybersecurity risks pose a significant threat, with potential breaches leading to financial losses, reputational damage, and regulatory scrutiny[149][152]. - The company faces operational risks related to the adequacy of its controls and procedures, which could adversely affect its financial condition and results of operations[155]. Loan Portfolio and Concentration - The company's loan portfolio included loans to lessors of office buildings amounting to $166.0 million, or 2.7% of total loans, and borrowers in the retail industry totaling $289.5 million, or 4.6% of total loans[106]. - As of December 31, 2025, the total multifamily rent-regulated exposure in New York was approximately $854.1 million, representing 13.7% of the total loan portfolio[107]. - As of December 31, 2025, the Bank's commercial real estate loans represented 367% of total bank capital, indicating a significant concentration in this area[112]. Interest Rate Risk - The Company’s interest rate risk management strategies include an interest rate swap program with a total notional value of $305.0 million as of December 31, 2025[324]. - A loan level/back-to-back swap program supports the commercial lending business, with $429.3 million of notional value in swaps executed and outstanding as of December 31, 2025[325]. - In a sustained 100 basis point increase in market rates, net interest income would decrease approximately 1.6% for year 1 and increase 2.2% for year 2 compared to a flat interest rate scenario[327]. - The Company is liability sensitive, indicating that net interest income would decline in a rising rate environment but improve in a falling rate environment[329]. - The estimated economic value of portfolio equity (EVPE) would decrease by $31,678,000 (3.43%) with a 200 basis point increase in interest rates as of December 31, 2025[332]. - Simulation modeling for interest rate risk requires assumptions that may not reflect actual market responses, indicating potential discrepancies in forecasts[334]. Competition and Market Conditions - A decrease in client deposits due to perceived better investment opportunities could lead to higher funding costs, negatively impacting net interest income and profitability[141]. - The company relies heavily on deposits as its primary source of funds, and any decline in available funding could adversely impact its ability to originate loans and meet obligations[144]. - Competition from other financial institutions and non-bank providers may adversely affect the company's ability to attract deposits and originate loans, impacting profitability[145][148]. - The company's expansion into metropolitan New York markets requires recruiting experienced personnel, and failure to retain such personnel could limit growth strategy execution[132]. - The company regularly evaluates opportunities for acquisitions, which may materially affect operating results and financial condition, potentially diluting shareholder value[136]. - Risks associated with acquisitions include integration challenges, potential adverse short-term effects on operations, and failure to realize expected revenue synergies[139].

Core Viewpoint - Peapack-Gladstone (PGC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, making it a valuable tool for investors [2][3]. - A strong correlation exists between revisions in earnings estimates and near-term stock price movements, with institutional investors playing a role in this relationship [3]. Company Performance and Outlook - The upgrade for Peapack-Gladstone reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [4]. - For the fiscal year ending December 2026, Peapack-Gladstone is expected to earn $3.52 per share, with a 1.4% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - The upgrade to Zacks Rank 2 places Peapack-Gladstone in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9].

Core Viewpoint - PeapackGladstone Financial (PGC) is identified as a strong value stock, currently holding a Zacks Rank 2 (Buy) and an A grade for Value, indicating potential undervaluation and a favorable earnings outlook [4][8]. Valuation Metrics - PGC has a P/E ratio of 9.17, which is lower than the industry average of 10.19, suggesting it may be undervalued compared to its peers [4]. - The P/B ratio for PGC stands at 0.82, significantly below the industry average of 1.22, indicating attractive valuation relative to its book value [5]. - PGC's P/S ratio is 1.39, compared to the industry's average of 2.07, further supporting the notion of undervaluation based on sales performance [6]. - The P/CF ratio for PGC is 11.99, which is also lower than the industry average of 12.98, suggesting solid cash flow performance relative to its valuation [7].

Core Insights - The article emphasizes the importance of value investing, highlighting the strategy of identifying undervalued companies in the market [2] Company Overview - PeapackGladstone Financial (PGC) is currently rated with a Zacks Rank 2 (Buy) and has an A grade for Value, indicating it is a strong candidate for value investors [4][8] Valuation Metrics - PGC has a Forward P/E ratio of 9.17, which is lower than the industry average of 9.84. The Forward P/E has fluctuated between 7.84 and 17.68 over the past 12 months, with a median of 9.67 [4] - The P/B ratio for PGC is 0.82, compared to the industry average of 1.17. This ratio has ranged from 0.70 to 1.09 in the last year, with a median of 0.83 [5] - PGC's P/S ratio stands at 1.28, which is lower than the industry's average of 1.97, indicating a potentially better valuation based on sales [6] - The P/CF ratio for PGC is 11.99, which is attractive compared to the industry average of 13.04. This ratio has varied from 10.12 to 14.97 over the past year, with a median of 11.97 [7] Investment Outlook - The combination of PGC's favorable valuation metrics and strong earnings outlook suggests that the stock is likely undervalued at present, making it an impressive value stock [8]

Financial Performance - Net income for Q4 2025 was $12.2 million, a 26% increase from $9.6 million in Q3 2025, with diluted EPS rising to $0.69 from $0.54[3] - Total revenue for the three months ended December 31, 2025, reached $78,201 thousand, up from $61,836 thousand in the prior year, representing a growth of 26.4%[44] - For the twelve months ended December 31, 2025, total revenue was $282,995 thousand, a 24% increase from $228,128 thousand in 2024[47] - Net income for the three months ended December 31, 2025, was $12,159 thousand, compared to $9,240 thousand in the same quarter of 2024, indicating a year-over-year increase of 31.3%[44] - The Company reported a 35% increase in net interest income for the year ended December 31, 2025, totaling $200.9 million compared to $149.0 million in 2024[12] Asset and Deposit Growth - Total deposits grew by $460 million, or 8%, to $6.6 billion at December 31, 2025, with noninterest-bearing deposits increasing by $316 million, or 28%[4] - Total assets increased to $7,526,409 thousand as of December 31, 2025, up from $7,439,642 thousand in the previous quarter, representing a growth of 1.17%[51] - The total assets of the company increased to $7,207,533 thousand as of December 31, 2025, compared to $6,556,386 thousand a year earlier, reflecting a growth of 9.9%[74] - Assets under management (AUM) in the Wealth Management Division grew by $1.2 billion to $13.1 billion at December 31, 2025, with new business inflows totaling $291 million in Q4 2025[9] Loan Performance - Total loans increased by $738 million, or 13%, to $6.3 billion, with commercial and industrial lending accounting for 55% of new business originations[7] - Total loans reached $6,258,623 thousand, an increase of 3.84% from $6,027,265 thousand in the prior quarter[51] - The total commercial loans for the twelve months ended December 31, 2025, were $1,821,138,000, significantly higher than $1,041,172,000 in 2024[62] - Nonperforming assets decreased to $68.2 million, or 0.91% of total assets, at December 31, 2025, down from $84.1 million, or 1.13% of total assets, at September 30, 2025[30] Interest Income and Margin - Net interest income rose by $6.0 million, or 12%, to $56.5 million for Q4 2025, driven by improved cost on average interest-bearing liabilities and a net interest margin (NIM) increase to 3.08%[5] - Net interest income for the three months ended December 31, 2025, was $56,771 thousand, up from $50,809 thousand in the prior quarter, representing an increase of 11.5%[70] - The net interest margin improved to 3.08% for the three months ended December 31, 2025, compared to 2.81% in the previous quarter, indicating enhanced profitability[70] - The net interest margin (tax-equivalent basis) improved to 3.08% for the three months ended December 31, 2025, compared to 2.46% in the same quarter of 2024, reflecting a 25.4% increase[44] Credit Loss Provisions - Provision for credit losses increased to $23.5 million for the year ended December 31, 2025, a 214% increase from $7.5 million in 2024[12] - The provision for credit losses increased to $7.7 million in Q4 2025, compared to $4.8 million in Q3 2025 and $1.7 million in Q4 2024, primarily due to specific reserves related to two multifamily loans and one C&I loan[31] - The allowance for credit losses was $71.0 million, or 1.14% of total loans, as of December 31, 2025, compared to $68.6 million at September 30, 2025[32] Efficiency and Cost Management - Total operating expenses for Q4 2025 were $53.5 million, up from $52.3 million in Q3 2025 and $47.9 million in Q4 2024, driven by expansion efforts in New York City and Long Island[27] - The efficiency ratio improved to 68.93%, down from 73.73% in the prior quarter, indicating better cost management[81] - The GAAP efficiency ratio improved to 68.46% for the three months ended December 31, 2025, down from 77.40% in the same quarter of 2024, showing a positive trend in operational efficiency[44] Shareholder Returns - The Company declared a cash dividend of $0.05 per share on December 18, 2025, payable on February 26, 2026[36] - Tangible book value per share increased by 10% to $34.99 at December 31, 2025, compared to $31.89 at the end of 2024[9] - Book value per share rose to $37.49, compared to $36.62 in the previous quarter, indicating an increase of 2.37%[57]

Investor Update Q4 2025 The Q4 2025 Investor Update should be read in conjunction with the Q4 2025 Earnings Release issued on January 29, 2026. Year in Review: Disciplined Execution Prudent growth and balance sheet management is delivering excellent shareholder value Strong & Growing Balance Sheet Excellent Earnings Momentum Core Relationship Deposit1 Growth +23% (2-Year CAGR) 2025: +16% ($828MM) | Past Two Years: +50% ($2B+) Transformed funding base through remixing NIB up $316MM of $460MM total in 2025 (n ...

Core Viewpoint - The article highlights PeapackGladstone Financial (PGC) as a strong value stock, supported by its favorable valuation metrics and Zacks Rank system, indicating potential for profit in the current market environment [4][8]. Valuation Metrics - PGC has a Forward P/E ratio of 9.17, which is lower than the industry average of 9.65, suggesting it may be undervalued [4]. - The stock's P/B ratio stands at 0.82, compared to the industry's average of 1.12, indicating an attractive valuation relative to its book value [5]. - PGC's P/S ratio is 1.15, significantly lower than the industry average of 1.94, reinforcing its undervalued status based on sales performance [6]. - The P/CF ratio for PGC is 11.99, which is also favorable compared to the industry's average of 12.51, suggesting strong cash flow relative to its valuation [7]. Investment Outlook - The combination of PGC's strong earnings outlook and its attractive valuation metrics positions it as an impressive value stock in the current market [8].

Financial Results - Plato Gold Corp. reported financial results for the nine months and three months ended September 30, 2025, showing income of $1,389 million for nine months and $352 million for three months [1] - The company experienced a net loss of $131,176 million for the nine months and $35,353 million for the three months [1] - Comprehensive loss matched the net loss figures, with comprehensive losses of $131,176 million for nine months and $35,353 million for three months [1] - Loss per common share was reported at $(0.01) for the nine months [1] - The weighted average number of common shares outstanding was 230,665,717 for the nine months [1] 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 [3] - The Timmins project includes four properties: Guibord, Harker, Holloway, and Marriott, focusing on gold exploration [3] - In Argentina, the company holds a 95% interest in Winnipeg Minerals S.A., which has mineral rights totaling 9,672 hectares with potential for gold and silver [4] - The Good Hope Niobium Project covers approximately 6,035 hectares near Marathon, Ontario, targeting niobium [4] - The Pic River Platinum Group Metals Project consists of 2,352 hectares near Marathon, Ontario, with claims contiguous to Generation Mining's Marathon PGM project [5]

分组1 - Peapack-Gladstone (PGC) reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.59 per share, and showing an increase from $0.43 per share a year ago, resulting in an earnings surprise of -8.47% [1] - The company posted revenues of $70.69 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.09%, but up from $56.62 million year-over-year [2] - Peapack-Gladstone shares have declined approximately 20.5% since the beginning of the year, contrasting with the S&P 500's gain of 14.3% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $74.13 million, and for the current fiscal year, it is $2.10 on revenues of $279.35 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 23% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

Financial Performance - Net income for the three months ended September 30, 2025, was $9,631 thousand, a 27% increase compared to $7,587 thousand in the prior year[14]. - Basic earnings per share increased to $0.55 for the three months ended September 30, 2025, compared to $0.43 for the same period in 2024, reflecting a growth of 27.9%[14]. - Total income for Q3 2025 reached $70,694,000, up from $56,619,000 in Q3 2024, marking a 24.9% year-over-year growth[155]. - Net income for Q3 2025 was $9,631,000, compared to $7,587,000 in Q3 2024, reflecting a 27.0% increase[155]. - For the nine months ended September 30, 2025, total income was $204,794,000, a 23.1% increase from $166,292,000 in the same period of 2024[156]. Asset Growth - Total assets increased to $7,439,642 thousand as of September 30, 2025, up from $7,011,238 thousand at December 31, 2024, representing a growth of 6.1%[11]. - Total deposits grew to $6,562,162 thousand, an increase of 7.2% from $6,129,022 thousand at the end of 2024[11]. - Cash and cash equivalents at the end of the period were $347,186,000 in 2025, down from $492,658,000 in 2024, a decrease of 30%[23]. Loan Performance - Net loans rose to $5,950,325 thousand, a 9.4% increase from $5,439,334 thousand in the previous year[11]. - As of September 30, 2025, total loans outstanding reached $6,018.97 million, an increase from $5,512.33 million as of December 31, 2024, representing a growth of 9.2%[110]. - The multifamily mortgage segment accounted for 29.85% of total loans as of September 30, 2025, slightly down from 32.65% in the previous year[110]. Credit Losses - Provision for credit losses for the three months ended September 30, 2025, was $4,790 thousand, significantly higher than $1,224 thousand in the same period last year[14]. - Provision for credit losses increased significantly to $15,847,000 in 2025 from $5,762,000 in 2024, indicating a rise of 175%[23]. - The allowance for credit losses (ACL) was $68.6 million as of September 30, 2025, down from $73.0 million at December 31, 2024, primarily due to charge-offs of $20.4 million during the nine months ended September 30, 2025[132]. Operating Expenses - Operating expenses for the three months ended September 30, 2025, totaled $52,297 thousand, an increase of 17.5% from $44,649 thousand in 2024[14]. - Total operating expenses for Q3 2025 were $57,087,000, up from $45,873,000 in Q3 2024, representing a 24.5% increase[155]. - The company’s total operating expenses for the nine months ended September 30, 2025, were $169,477,000, compared to $133,578,000 in the same period of 2024, an increase of 26.9%[156]. Wealth Management - Wealth management fee income for the nine months ended September 30, 2025, was $47,176 thousand, up from $45,976 thousand in the previous year[14]. - The Wealth Management Division generates revenue primarily from wealth management fee income and assets under management (AUM), with fees collected on a tiered schedule based on market value[34]. Shareholder Returns - Cash dividends declared on common stock for the three months ended September 30, 2025, were $877 thousand, with a dividend of $0.05 per share[18]. - The company repurchased 100,000 shares during the three months ended September 30, 2025, at a cost of $2,666 thousand[18]. - The total number of common shares outstanding as of September 30, 2025, was 17,548,471, a decrease from 17,577,747 shares as of September 30, 2024[18]. Securities and Investments - The total fair value of securities available for sale as of September 30, 2025, was $756,578,000, compared to $784,544,000 as of December 31, 2024, showing a decrease of 3.5%[104]. - The company reported unrealized losses on total securities available for sale amounting to $75.238 million as of September 30, 2025, compared to $100.521 million as of December 31, 2024, indicating a reduction in losses[107]. - The total securities, including available for sale and held to maturity, were valued at $536.94 million with unrealized losses of $84.395 million as of September 30, 2025[107]. Risk Management - The Company employs the Current Expected Credit Loss (CECL) methodology for determining the allowance for credit losses, requiring immediate recognition of estimated credit losses[47]. - The Company has engaged an independent loan review firm to validate risk ratings and ensure compliance with policies, reviewing loans greater than $1,000,000 quarterly[113]. - Current period gross charge-offs for commercial and industrial loans amount to $11,086,000, indicating potential credit quality concerns[120]. Other Income - The company reported a total of $20,121 thousand in other income for the three months ended September 30, 2025, compared to $18,938 thousand in the same period of 2024, reflecting a growth of 6.3%[14]. - The company reported a total of $8,082,000 in other income for the nine months ended September 30, 2025, compared to $8,252,000 for the same period in 2024, reflecting a decrease of 2.1%[177].