Peapack-Gladstone Financial -Peapack-Gladstone (PGC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Peapack-Gladstone (PGC) reported revenue of $56.62 million for Q3 2024, a year-over-year increase of 1.3% [1] - The earnings per share (EPS) for the same period was$ 0.43, down from $0.50 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 2.78%, while the EPS exceeded the consensus estimate by 2.38% [1] Financial Metrics - Net interest margin stood at 2.3%, matching the average estimate from two analysts [1] - The efficiency ratio was reported at 79.6%, higher than the average estimate of 75.9% from two analysts [1] - Total non-interest income was$ 18.94 million, below the estimated $21.61 million [1] - Net interest income reached$ 37.68 million, surpassing the average estimate of $36.67 million [1] Stock Performance - Peapack-Gladstone shares have returned +3.6% over the past month, outperforming the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]