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 ...

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].

Financial Performance - Net interest income after provision for credit losses was $37,247 thousand for the three months ended March 31, 2022, compared to $31,568 thousand for the same period in 2021, reflecting a year-over-year increase of 17.93%[15] - Wealth management fee income grew to $14,834 thousand, up 22.29% from $12,131 thousand in the prior year[15] - The company reported a net income of $13,441 thousand for Q1 2022, slightly up from $13,178 thousand in Q1 2021, reflecting a growth of 1.99%[15] - Total income for the three months ended March 31, 2022, was $54,336,000, up 9.3% from $49,613,000 in the prior year[148] - The company reported total operating expenses of $36,544,000 for the three months ended March 31, 2022, an increase from $31,819,000 in the same period of 2021, marking a rise of 14.8%[148] Asset and Loan Growth - Total assets increased to $6,255,664 thousand as of March 31, 2022, up from $6,077,993 thousand at December 31, 2021, representing a growth of 2.93%[12] - Net loans rose to $5,063,816 thousand, an increase of 6.71% from $4,745,024 thousand at the end of 2021[12] - Total deposits increased to $5,387,416 thousand, up 2.30% from $5,266,149 thousand at December 31, 2021[12] - As of March 31, 2022, total loans outstanding reached $5,122,202 thousand, an increase from $4,806,721 thousand as of December 31, 2021, representing a growth of approximately 6.56%[112] Credit Loss Provisions - The provision for credit losses increased to $2,375 thousand in Q1 2022, compared to $225 thousand in Q1 2021, indicating a significant rise in expected credit losses[15] - The allowance for credit losses (ACL) totaled $58.386 million as of March 31, 2022, based on the CECL methodology[133] - The provision for credit losses for the three months ended March 31, 2022, was $2,375,000, compared to $225,000 for the same period in 2021, indicating a significant increase in credit loss provisions[148] Shareholder Equity and Dividends - Total shareholders' equity decreased to $523,426,000 as of March 31, 2022, down from $546,388,000 at the end of Q1 2021, reflecting a decline of 4.17%[19] - Cash dividends declared on common stock were $920,000, consistent with the previous year's $949,000, indicating a stable dividend policy[21] Securities and Investments - The company reported a total of $654,287 thousand in securities available for sale as of March 31, 2022, with unrealized losses of $53,507 thousand[108] - The fair value of the company's investment in a CRA investment fund was $14,000 thousand as of March 31, 2022, with a loss of $682 thousand for the three months ended March 31, 2022[111] - The fair value of U.S. government-sponsored agencies as of March 31, 2022, was $218,263,000, while mortgage-backed securities-residential were valued at $340,513,000[157] Loan Modifications and TDRs - The company approved total loan modifications under the CARES Act amounting to $947.0 million, with $12.7 million remaining outstanding as of March 31, 2022[72] - The Company allocated $2.5 million of specific reserves on Troubled Debt Restructurings (TDRs) as of March 31, 2022[126] - The Bank modified 542 loans with a balance of $947.0 million, resulting in the deferral of principal and/or interest[125] Risk Management and Credit Quality - The company employs a credit risk rating system that categorizes commercial loans based on borrowers' ability to service their debt, with annual assessments conducted[116] - Loans classified as "Substandard" are characterized by a well-defined weakness that jeopardizes debt liquidation, indicating potential losses[119] - The adoption of CECL requires loans in foreclosure to be individually evaluated for potential loss and allowance adequacy, enhancing risk management practices[121] Economic and Market Conditions - The company faces risks related to the ongoing COVID-19 pandemic, which may adversely affect its business operations and financial condition[202] - The allowance for credit losses is subject to significant judgment and may require adjustments based on economic conditions, particularly in the New Jersey and New York markets[208] Changes in Accounting Standards - The Company adopted ASU 2016-13 on January 1, 2022, which replaced the incurred loss methodology with CECL for estimating expected credit losses[207] - The company expects that the amendments in ASU 2022-02 will not have a material effect on its consolidated financial statements[199]

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, 2021. 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, 2021 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. ...

Financial Performance - Net income for the three months ended June 30, 2021, was $14,418 thousand, a significant increase of 75.5% compared to $8,242 thousand for the same period in 2020[14]. - Earnings per share (EPS) for the second quarter of 2021 was $0.76, compared to $0.44 in the same quarter of 2020, marking a growth of 72.7%[14]. - Net income for the six months ended June 30, 2021, was $27,596,000, compared to $9,615,000 for the same period in 2020, representing a 187% increase[20]. - Comprehensive income for the three months ended June 30, 2021, was $22,767 thousand, compared to $9,905 thousand in the same period of 2020, showing a substantial increase of 130.5%[16]. - Net income for Q2 2021 was $14,418,000, up by $6,176,000 (75.00%) from $8,242,000 in Q2 2020[202]. - Net income for the first half of 2021 was $27,596,000, an increase of $17,981,000 (186.67%) from $9,615,000 in the first half of 2020[207]. Asset and Equity Changes - Total assets decreased to $5,791,688 thousand as of June 30, 2021, down from $5,890,442 thousand at December 31, 2020, representing a decline of approximately 1.7%[11]. - The company reported a total shareholders' equity of $538,459 thousand as of June 30, 2021, up from $527,122 thousand at the end of 2020, indicating a growth of approximately 2.5%[11]. - The total shareholders' equity as of June 30, 2021, was $538,459,000, compared to $507,980,000 as of June 30, 2020[20]. Loan and Deposit Growth - Net loans increased to $4,505,328 thousand, up from $4,305,128 thousand, reflecting a growth of about 4.6% year-over-year[11]. - Total deposits rose to $4,895,775 thousand, an increase of 1.6% from $4,818,484 thousand at the end of 2020[11]. - Total loans outstanding reached $4,568,833 thousand, an increase from $4,372,437 thousand as of December 31, 2020, representing a growth of approximately 4.5%[103]. - Noninterest-bearing demand deposits rose to $959,494 thousand, accounting for 19.60% of total deposits as of June 30, 2021, up from 17.30% at December 31, 2020[127]. Operating Expenses and Income - Total operating expenses for the six months ended June 30, 2021, were $62,278 thousand, compared to $57,249 thousand for the same period in 2020, reflecting an increase of 8.5%[14]. - Total revenue for Q2 2021 reached $51,523,000, reflecting an increase of $6,926,000 (15.55%) compared to Q2 2020[202]. - Total income for the Banking segment for the six months ended June 30, 2021, was $71,959 thousand, compared to $32,809 thousand for the same period in 2020, indicating significant growth[137]. Loan Loss Provisions - Provision for loan and lease losses decreased significantly to $900 thousand in Q2 2021 from $4,900 thousand in Q2 2020, indicating improved asset quality[14]. - The provision for loan and lease losses for the first half of 2021 was $1,125,000, a significant decrease of $23,775,000 (95.49%) from $24,900,000 in the first half of 2020[207]. - The allowance for loan and lease losses (ALLL) totaled $63,505 thousand as of June 30, 2021, compared to $63,448 thousand as of December 31, 2020[105]. Wealth Management and Noninterest Income - Wealth management fee income increased to $13,034 thousand for the three months ended June 30, 2021, up from $9,996 thousand in the same period last year, representing a growth of 30.4%[14]. - Total noninterest income for the three months ended June 30, 2021, was $17,678, an increase from $12,626 in the same period of 2020, representing a growth of approximately 40.7%[153]. - Wealth management fees for the six months ended June 30, 2021, amounted to $25,165, compared to $19,951 for the same period in 2020, reflecting a growth of about 26.0%[153]. Investment and Securities - Investment securities available for sale totaled $823,820 thousand as of June 30, 2021, with unrealized losses of $8,094 thousand, compared to $622,689 thousand with unrealized losses of $1,475 thousand as of December 31, 2020[100]. - The company believes that unrealized losses on investment securities are temporary and not indicative of credit-worthiness issues[101]. Risk Management and Credit Quality - The company segments and evaluates the loan portfolio based on Federal call report codes, identifying various portfolio classes including residential mortgages and commercial real estate loans[54][57]. - The company utilizes independent loan reviews quarterly to validate risk ratings and ensure compliance with policies[113]. - The company classifies loans into various credit risk rating categories, including Special Mention, Substandard, and Doubtful, based on borrower repayment ability[112][114][115][116]. Shareholder Actions - Cash dividends declared on common stock were $0.10 per share, totaling $1,901,000 for the six months ended June 30, 2021[20]. - Share repurchase for the six months ended June 30, 2021, amounted to 392,755 shares, costing $11,984,000[20].

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, 2021 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) incorporation or organization) Identifi ...

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, 2020. 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 ...