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Stock impact report

Peapack-Gladstone Financial Corporation Reports Fourth Quarter Results [Yahoo! Finance]

Peapack-Gladstone Financial Corporation (PGC) 
Last peapack-gladstone financial corporation earnings: 1/29 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1137117
Company Research Source: Yahoo! Finance
This earnings release should be read in conjunction with the Company's Q4 2023 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. The Company recorded total revenue of $54.3 million, net income of $8.6 million and diluted earnings per share ("EPS") of $0.48 for the quarter ended December 31, 2023, compared to revenue of $64.9 million, net income of $20.6 million and diluted EPS of $1.12 for the quarter ended December 31, 2022. The net interest margin stabilized at 2.29% for the quarter ended December 31, 2023, compared to 2.28% for the quarter ended September 30, 2023 and 3.12% for the quarter ended December 31, 2022. The Company's return on average assets was 0.53%, return on average equity was 6.13%, and return on average tangible equity was 6.68% for the quarter ended December 31, 2023. Year over year deposits increased by $69.0 million to Show less Read more
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