PGC on Nasdaq

PEAPACK GLADSTONE FINANCIAL CORP

American commercial banks company that raised $50 million in 2026 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

Compare with BLADEX, INC., Bank of N.T. Butterfield & Son Ltd or HDFC Bank, or pick any stock.

  • TickerPGC on Nasdaq2
  • IndustryCommercial Banks, NEC2
  • HeadquartersBedminster, United States2
  • Incorporated inNJ3
  • Business address500 Hills Drive, Bedminster, Nj 079213
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI549300G8DN2UK8K0ET302
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address500 Hills Drive, 07921 Bedminster, United States2
  • Registered withBusiness Records Service (Division of Revenue & Enterprise Services), 01007166552

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.2%Net margin4
24.1%Revenue growth, 20254
5.7%Return on equity4
$28.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Banking brought in 77% of the revenue PEAPACK GLADSTONE FINANCIAL CORP broke down this way in fiscal 2025.

  1. Banking$216.9M477%up 33% from 2024
  2. Wealth Management Division$66.1M423%up 2% from 2024
Business segments by year
Business segments202320242025
Banking$168.6M$163.5M$216.9M
Wealth Management Division$61.0M$64.7M$66.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs82¢$230.7M
  • Income tax5¢$15.0M
  • Profit13¢$37.3M

Out of $283.0M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending33¢$14.3M
  • Dividends paid8¢$3.5M
  • Share buybacks13¢$5.4M
  • Kept or used elsewhere46¢$19.9M

Out of $43.1M of cash from operations.4

Financial statements

Revenue56784$283.0M in 2025+62% since 2019
0$100.0M$200.0M$300.0M2019: $175.0M$175.0M20192020: $189.4M$189.4M2020+8%2021: $210.3M$210.3M2021+11%2022: $242.5M$242.5M2022+15%2023: $229.7M$229.7M2023−5%2024: $228.1M$228.1M2024−1%2025: $283.0M$283.0M2025+24%
Net income56784$37.3M in 2025−21% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $47.4M$47.4M20192020: $26.2M$26.2M2020−45%2021: $56.6M$56.6M2021+116%2022: $74.2M$74.2M2022+31%2023: $48.9M$48.9M2023−34%2024: $33.0M$33.0M2024−32%2025: $37.3M$37.3M2025+13%

Every line of the income statement as filed: the last 4 fiscal years (annual) or 8 quarters (quarterly), latest first.4

Period ending2025-12-312024-12-312023-12-312022-12-31
Loans, including fees$321.3M$290.8M$278.2M
Taxable securities$31.5M$23.4M$19.7M
Tax-exempt securities$22.0K
Interest-earning deposits$9.7M$13.6M$6.1M
Total interest income$362.5M$327.8M$304.0M
Savings and interest-bearing deposit accounts$141.6M$143.8M$107.5M
Certificates of deposit$15.0M$21.0M$11.7M
Borrowed funds$543.0K$3.8M$18.2M
Finance lease liability$53.0K$89.0K$191.0K
Subordinated debt$4.2M$6.6M$6.7M
Subtotal interest expense$161.4M$175.3M$144.3M
Interest-bearing demand - brokered$210.0K$522.0K$611.0K
Interest on certificates of deposits brokered$3.0M$3.0M
Total interest expense$161.6M$178.8M$147.9M
Net interest income before provision for credit losses$200.9M$149.0M$156.1M
Provision for credit losses$23.5M$7.5M$14.1M
Net interest income after provision for credit losses$177.4M$141.5M$142.0M
Wealth management fee income$63.2M$61.5M$55.7M
Service charges and fees$4.8M$5.3M$5.2M
Bank owned life insurance$1.7M$1.6M$1.3M
Gain on loans held for sale at fair value (mortgage banking)$132.0K$163.0K$91.0K
Loss/(gain) on loans held for sale at lower of cost or fair value-$364.0K$23.0K
Fee income related to loan level, back-to-back swaps$492.0K
Gain on sale of SBA loans$1.6M$1.2M$2.4M
Corporate advisory fee income$820.0K$1.0M$219.0K$820.0K
Other income$9.3M$7.5M$8.5M
Securities gains$7.0K
Fair value adjustment for equity securities$418.0K$828.0K$181.0K
Total other income$82.1M$79.1M$73.6M$82.1M
Compensation and employee benefits$145.5M$122.3M$100.5M
Premises and equipment$26.6M$22.5M$19.7M
FDIC insurance expense$4.8M$3.5M$2.9M
Other operating expenses$30.3M$27.4M$25.1M
Total operating expenses$207.2M$175.7M$148.3M
Income before income tax expense$52.3M$45.0M$67.3M
Income tax expense$15.0M$12.0M$18.4M
Net income$37.3M$33.0M$48.9M
Basic$2.12$1.87$2.74
Diluted$2.10$1.85$2.71

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Leadership

Who has led PEAPACK GLADSTONE FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerGregory M. Smith named Aug 3, 202663

Timeline

  1. Oct 17, 2012New chief executive Douglas L. Kennedy becomes CEO12
  2. Mar 31, 2006New chief executive Frank A. Kissel becomes CEO13
  3. Aug 19, 1997Founded PEAPACK GLADSTONE FINANCIAL CORP is founded2

Filings

367 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 206 insider forms, 17 large holders, 2 private raises, 68 other. The latest 20:

  1. Sep 25, 2026S-3D EDGAR
  2. Sep 22, 20264 EDGAR
  3. Sep 21, 2026144 EDGAR
  4. Sep 3, 20264 EDGAR
  5. Sep 2, 2026144 EDGAR
  6. Aug 31, 2026N-PX EDGAR
  7. Aug 14, 202613F-HR EDGAR
  8. Aug 7, 202610-Q EDGAR
  9. Aug 4, 20264 EDGAR
  10. Aug 3, 2026D/A EDGAR
  11. Aug 3, 2026D EDGAR
  12. Jul 27, 20268-K EDGAR
  13. Jun 30, 20264 EDGAR
  14. Jun 30, 20264 EDGAR
  15. Jun 29, 2026144 EDGAR
  16. Jun 29, 2026144 EDGAR
  17. Jun 23, 202611-K EDGAR
  18. Jun 12, 20264 EDGAR
  19. Jun 11, 2026144 EDGAR
  20. Jun 9, 20264 EDGAR

The 367 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

49 open-market trades by officers, directors and large owners since October 2021: 19 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Hemhauser MaureenEVP & Chief Risk OfficerSale2,297$45.32$104.1KForm 4
Sep 2, 2026Smith Gregory MartinSEVP, President Comml BankingSale1,250$44.66$55.8KForm 4
Jun 29, 2026BABCOCK JOHN PSEVP & Pres of Priv Wealth MgtSale5,000$47.11$235.6KForm 4
Jun 29, 2026Chalkan LisaEVP, Chief Credit OfficerSale1,100$47.60$52.4KForm 4
Jun 11, 2026ROSSI FRANCESCO SSVP/Chief Accounting OfficerSale2,484$45.52$113.1KForm 4
Jun 8, 2026Spinelli Anthony W.DirectorSale2,000$44.63$89.3KForm 4
Mar 31, 2026Cavallaro Frank A.SEVP & Chief Financial OfficerBuy2,890$34.95$101.0KForm 4
Mar 30, 2026KENNEDY DOUGLAS LPresident & CEOBuy11,296$35.21$397.7KForm 4
Mar 30, 2026Campion PatrickDirectorBuy1,430$34.97$50.0KForm 4
Feb 9, 2026Hemhauser MaureenEVP & Chief Risk OfficerSale5,272$35.59$187.6KForm 4
Sep 29, 2025GRAMIGNA EDWARD A JRDirectorSale2$28.22$56Form 4
Sep 18, 2025Chalkan LisaEVP, Chief Credit OfficerSale2,500$29.65$74.1KForm 4
Sep 15, 2025Smith Gregory MartinSEVP, President Comml BankingSale3,200$29.15$93.3KForm 4
Jul 23, 2025KENNEDY DOUGLAS LPresident & CEOBuy3,720$26.24$97.6KForm 4
Mar 31, 2025WELSH BETHDirectorBuy1,000$28.54$28.5KForm 4
Mar 31, 2025MEYERCORD F DUFFIELDDirectorBuy6,316$28.44$179.6KForm 4
Mar 31, 2025GRAMIGNA EDWARD A JRDirectorBuy3,000$28.43$85.3KForm 4
Mar 28, 2025KENNEDY DOUGLAS LPresident & CEOSale5,000$28.58$142.9KForm 4
Mar 27, 2025Campion PatrickDirectorSale340$28.85$9.8KForm 4
Mar 21, 2025KENNEDY DOUGLAS LPresident & CEOSale5,000$28.79$143.9KForm 4

All 49 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 26, 2026Raised $50 million in a private offering of equity Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,597,272$75.6M0.0%+125,923
Dimensional Fund Advisors LP1,035,542$49.0M0.0%+451
Vanguard Capital Management LLC705,681$33.4M0.0%+19,617
Wellington Management Group Llp674,880$31.9M0.0%+38,797
State Street Corp569,369$26.9M0.0%+52,457
Boston Partners467,556$22.1M0.0%−28,716
Geode Capital Management, LLC464,052$22.0M0.0%+72,659
American Century Companies Inc458,345$21.7M0.0%+89,530
Brown Advisory Inc450,880$21.3M0.0%−5,386
Strategic Value Bank Partners LLC378,416$17.9M12.5%No change
Algert Global LLC356,295$16.9M0.2%+26,880
Basswood Capital Management, L.l.c.291,105$13.8M0.6%+95,585
Banc Funds Co LLC273,947$13.0M2.1%No change
Adage Capital Partners Gp, L.l.c.259,220$12.3M0.0%+220,120
Jpmorgan Chase & Co254,146$12.1M0.0%+10,903
Russell Investments Group, Ltd.232,670$11.0M0.0%−7,466
Salzhauer Michael216,632$10.3M3.8%−39,107
Two Sigma Investments, LP193,594$9.2M0.0%−13,451
Vanguard Portfolio Management LLC177,057$8.4M0.0%+16,077
Hotchkis & Wiley Capital Management LLC164,790$7.8M0.0%−52,260
Northern Trust Corp147,187$7.0M0.0%+10,681
Charles Schwab Investment Management Inc132,779$6.3M0.0%+2,365
Bridgeway Capital Management, LLC125,040$5.9M0.1%+5,701
Oppenheimer & Close, LLC124,936$5.9M3.7%No change
Goldman Sachs Group Inc116,205$5.5M0.0%−75,966

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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