Peapack-Gladstone (PGC) Tops Q4 Earnings and Revenue Estimates

Earnings Performance - Peapack-Gladstone reported quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.47 per share, representing a 10.64% earnings surprise [1] - The company's earnings per share increased from $0.50 in the same quarter last year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] Revenue Performance - Peapack-Gladstone posted revenues of $61.84 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.72% [2] - This represents an increase from year-ago revenues of $54.27 million [2] - The company has topped consensus revenue estimates once over the last four quarters [2] Stock Performance - Peapack-Gladstone shares have added about 3.2% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3] - The stock's immediate price movement will depend on management's commentary on the earnings call [3] Future Outlook - The current consensus EPS estimate is $0.54 on $62.6 million in revenues for the coming quarter [7] - For the current fiscal year, the consensus EPS estimate is $2.73 on $265 million in revenues [7] - The estimate revisions trend for Peapack-Gladstone is mixed, translating into a Zacks Rank 3 (Hold) [6] Industry Context - Peapack-Gladstone belongs to the Zacks Banks - Northeast industry, which is currently in the top 9% of the 250 plus Zacks industries [8] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - LCNB, another company in the same industry, is expected to post quarterly earnings of $0.30 per share, representing a year-over-year change of -11.8% [9] - LCNB's revenues are expected to be $20.9 million, up 8.5% from the year-ago quarter [9]