and the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company's loan and investment portfolios. Income from Capital Markets Activities Other noninterest income was $4.6 million for Q2 2024 compared to $3.0 million for Q1 2024 and $3.5 million for Q2 2023. Q2 2024 included $1.6 million of income recorded by the Equipment Finance Division related to equipment transfers to lessees upon the termination of leases, while Q1 2024 i ...

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, 2024 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. ...

Exhibit 99.1 Contact: Frank A. Cavallaro, SEVP and CFO Peapack-Gladstone Financial Corporation T: 908-306-8933 PEAPACK-GLADSTONE FINANCIAL CORPORATION REPORTS FIRST QUARTER RESULTS Bedminster, N.J. – April 23, 2024 – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the "Company") announces its first quarter 2024 financial results. The Company recorded total revenue of $53.1 million, net income of $8.6 million and diluted earnings per share ("EPS") of $0.48 for the quarter ended Ma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. 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) New Jersey 22-3537895 (State or ot ...

Financial Performance - Net income for the three months ended September 30, 2023, was $8,755 thousand, down 56.5% from $20,126 thousand in the prior year[13]. - Net income for the nine months ended September 30, 2023, was $40,255,000, a decrease of 25% compared to $53,667,000 for the same period in 2022[24]. - The company reported a comprehensive loss of $4,901 thousand for the three months ended September 30, 2023, compared to a comprehensive income of $3,870 thousand in the same period of 2022[16]. - The company reported a comprehensive loss of $13,656,000 for the quarter, which is a significant improvement from the previous year's comprehensive loss of $16,256,000, indicating a positive trend in financial performance[19]. - Net income for the three months ended September 30, 2023, was $8,755,000, down from $20,126,000 in the same period of 2022, a decrease of 56.5%[147]. - Total income was $55,869,000, a decrease of 9.8% from $61,908,000 in the same period of 2022[147]. - Total operating expenses for the nine months ended September 30, 2023, were $119,744,000, compared to $104,811,000 in the same period of 2022, an increase of 14.2%[148]. - Operating expenses for Q3 2023 were $37.413 million, an increase of $3.853 million compared to $33.560 million in Q3 2022[207]. Asset and Loan Growth - Total assets increased to $6,521,581 thousand as of September 30, 2023, up from $6,353,593 thousand at December 31, 2022, representing a growth of 2.65%[11]. - Net loans rose to $5,418,129 thousand, an increase of 3.73% from $5,224,417 thousand at the end of 2022[11]. - Total loans outstanding as of September 30, 2023, amounted to $5,486,721 thousand, an increase from $5,285,246 thousand as of December 31, 2022, representing a growth of approximately 3.8%[107]. - The total recorded investment in nonaccrual loans as of September 30, 2023, was $70,809 thousand, with no loans past due 90 days or over still accruing interest[107]. - The company reported a total of $5.129 billion in subtotal deposits as of September 30, 2023, which is 97.54% of total deposits[140]. Credit Losses and Provisions - The provision for credit losses increased to $5,856 thousand for the three months ended September 30, 2023, compared to $599 thousand for the same period in 2022[13]. - The company reported a provision for credit losses of $9,065,000, significantly higher than the $4,423,000 recorded in the same period last year[24]. - The allowance for credit losses (ACL) increased to $68.6 million as of September 30, 2023, up from $60.8 million at December 31, 2022, representing a growth of approximately 12.9%[130]. - The ACL as a percentage of loans was 1.25% at September 30, 2023, compared to 1.15% at December 31, 2022[130]. - The company reported no allowance for credit losses as of September 30, 2023, due to the belief that unrealized losses were primarily a result of market interest rate changes rather than credit quality deterioration[105]. Deposits and Borrowings - Total deposits increased to $5,259,359 thousand, up from $5,205,164 thousand at the end of 2022, reflecting a growth of 1.04%[11]. - Noninterest-bearing demand deposits decreased to $947.405 million (18.01%) as of September 30, 2023, from $1,246.066 million (23.94%) at December 31, 2022[140]. - The company had overnight borrowings with the Federal Home Loan Bank (FHLB) of $470.6 million at a rate of 5.58% as of September 30, 2023, up from $379.5 million at a rate of 4.61% at December 31, 2022[142]. - The company’s unused short-term overnight borrowing capacity available through the FHLB, correspondent banks, and the Federal Reserve Bank of New York totaled $3.3 billion as of September 30, 2023[142]. Earnings Per Share - Earnings per share (EPS) for the three months ended September 30, 2023, was $0.49, a decrease of 56.0% from $1.11 in the same period last year[13]. - The weighted average number of shares outstanding for diluted EPS was 18,010,127 for the three months ended September 30, 2023, compared to 18,420,661 for the same period in 2022[13]. Noninterest Income - Noninterest income for the three months ended September 30, 2023, was $19,354,000, compared to $16,383,000 in the same period of 2022, reflecting an increase of 18.0%[147]. - Total noninterest income for the nine months ended September 30, 2023, was $55,988, up from $49,605 in the same period of 2022, reflecting an increase of 12.4%[165]. Stock and Shareholder Information - The company declared cash dividends of $0.05 per share, totaling $893,000 for the quarter ended September 30, 2023, consistent with the previous year's dividend declaration[19]. - The number of common shares outstanding decreased from 17,920,571 as of September 30, 2022, to 17,816,922 as of September 30, 2023, representing a reduction of approximately 0.6%[19]. - The company repurchased 100,000 shares during the quarter, resulting in a total cost of $2,815,000[19]. Fair Value Measurements - The company’s fair value measurements as of September 30, 2023, included total assets of $588,416,000, with $575,835,000 classified as Level 2 inputs[157]. - The fair value of securities available for sale as of September 30, 2023, was $521,005 thousand, with no Level 1 inputs reported[161]. - The total liabilities related to derivatives as of September 30, 2023, were $38,265 thousand, all classified under Level 2 inputs[161]. Other Operating Expenses - Total other operating expenses for Q3 2023 were $6,194, compared to $5,860 in Q3 2022, marking an increase of 5.7%[173]. - Professional and legal fees rose to $1,619 in Q3 2023 from $1,180 in Q3 2022, a significant increase of 37%[173].

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 June 30, 2023 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. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (MARK ONE) For the Quarter Ended March 31, 2023 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. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. 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) New Jersey 22-3537895 (State or ot ...

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 September 30, 2022 OR For the transition period from to ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-16197 PEAPACK-GLADSTONE FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I. ...

Financial Performance - Net income for the second quarter of 2022 was $20,100 thousand, an increase of 39.0% from $14,418 thousand in the same quarter of 2021[14]. - Earnings per share (EPS) for the second quarter of 2022 was $1.10, compared to $0.76 in the same quarter of 2021, reflecting a growth of 44.7%[14]. - Net income for the three months ended June 30, 2022, was $20,100 thousand, compared to $14,418 thousand for the same period in 2021, representing a year-over-year increase of 39%[18]. - Net income for the six months ended June 30, 2022, was $33,541,000, an increase of 21.5% compared to $27,596,000 in 2021[23]. - Total comprehensive income for the second quarter of 2022 was $2,311 thousand, compared to $22,767 thousand in the same quarter of 2021, showing a significant decline[17]. Asset and Loan Growth - Total assets increased to $6,151,167 thousand as of June 30, 2022, compared to $6,077,993 thousand at December 31, 2021, reflecting a growth of 1.2%[11]. - Net loans rose to $5,094,851 thousand, up from $4,745,024 thousand, marking an increase of 7.4% year-over-year[11]. - Total loans outstanding as of June 30, 2022, reached $5,153.9 million, an increase from $4,806.7 million as of December 31, 2021, representing a growth of approximately 7.2%[115]. - The balance of retained earnings as of June 30, 2022, was $309,899 thousand, compared to $247,136 thousand as of June 30, 2021, reflecting an increase of approximately 25.4%[21]. Deposits and Funding - Total deposits increased to $5,403,868 thousand as of June 30, 2022, up from $5,266,149 thousand at December 31, 2021, indicating a growth of 2.6%[11]. - Net increase in deposits was $137,719,000, compared to $77,291,000 in the previous year, representing a growth of 78.2%[23]. - Noninterest-bearing demand deposits increased to $1.04 billion (19.30% of total deposits) from $956.5 million (18.16%) year-over-year[148]. Income and Expenses - Net interest income after provision for credit losses reached $41,444 thousand for the three months ended June 30, 2022, compared to $32,945 thousand for the same period in 2021, representing a growth of 25.5%[14]. - Operating expenses for the second quarter of 2022 totaled $32,659 thousand, up from $30,684 thousand in the same quarter of 2021, reflecting a rise of 6.4%[14]. - Total noninterest income for Q2 2022 was $18,508,000, an increase of 4.7% from $17,678,000 in Q2 2021[172]. - Wealth management fees for Q2 2022 reached $13,891,000, up 6.6% from $13,034,000 in Q2 2021[172]. Credit Losses and Allowances - The allowance for credit losses was $59,022 thousand as of June 30, 2022, down from $61,697 thousand at December 31, 2021, indicating a decrease of 4.4%[11]. - The provision for credit losses rose significantly to $3,824,000 from $1,125,000, indicating a substantial increase in expected credit losses[23]. - The Company reported a total allowance for credit losses (ACL) of $59.022 million as of June 30, 2022, based on the CECL methodology[138]. Securities and Investments - Total securities available for sale as of June 30, 2022, had a fair value of $556.8 million, with unrealized losses of $77.7 million[110]. - The total fair value of securities available for sale was $556,791,000 as of June 30, 2022, a decrease from $796,753,000 at December 31, 2021[170]. - The company reported unrealized losses on total securities of $87.1 million as of June 30, 2022, compared to $17.2 million as of December 31, 2021, reflecting a significant increase in market volatility[112]. Stock and Shareholder Activities - Cash dividends declared on common stock for the three months ended June 30, 2022, were $919 thousand, consistent with the previous year’s dividend of $952 thousand[18]. - The company repurchased 200,000 shares during the three months ended June 30, 2022, at a cost of $6,447 thousand, compared to 234,722 shares repurchased for $7,605 thousand in the same period of 2021[18]. - The Company issued 18,923 restricted stock units during the three months ended June 30, 2022, compared to 21,200 units issued in the same period of 2021[18]. Risk Management and Credit Quality - The Company segments its loan portfolio based on common characteristics, including primary residential mortgages, junior lien loans, multifamily properties, and commercial real estate loans[59][60][62][63][64]. - The Company has engaged an independent loan review firm to validate risk ratings and ensure compliance with policies[121]. - The credit risk profile indicates that $4,635.6 million of loans are classified as Pass, with $116.5 million as Special Mention and $50.7 million as Substandard[128]. Lease and Derivative Activities - The Company’s total present value of lease payments as of June 30, 2022, was $14.756 million[204]. - The total notional amount of standalone derivatives was $642.1 million as of June 30, 2022, down from $702.2 million as of December 31, 2021[196]. - The net interest expense recorded on swap transactions for the three months ended June 30, 2022, totaled $679,000, compared to $1.1 million for the same period in 2021[192].