EarningsQ1 2026 Earnings Report
DE:45V Q1 2026 EPS Results
Actual EPS€0.71
Consensus EPS€0.62
Beat/MissBeat by +€0.09
One Year Ago EPS€0.37
DE:45V Q1 2026 Revenue Results
Actual Revenue€105.06M
Expected Revenue€70.65M
Beat/MissBeat by +€34.41M
YoY Revenue Growth+12.12%
Earnings Announcement Details
QuarterQ1 2026
Date04/22/2026
TimeAfter Close
Conference CallWednesday, April 22, 2026
DE:45V Upcoming Earnings
Peapack-Gladstone Financial's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
DE:45V Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive operating momentum: meaningful revenue and earnings growth, solid loan and deposit expansion, margin improvement, improved efficiency, stronger capital ratios and ample liquidity. Management acknowledged localized credit stress in a concentrated sponsor group, a modest provision build, competitive deposit pressures, and macro uncertainty, but emphasized disciplined underwriting, portfolio repositioning, and a pathway to continued margin and earnings improvement. Overall, positives substantially outweighed the highlighted issues.Company Guidance
Net Income and Core Earnings Momentum
Net income of $14.2 million, up 16% sequentially and 86% year-over-year, marking the sixth consecutive quarter of core earnings growth.
Strong Revenue Growth
Total revenue increased 28% year-over-year; net interest income approximately $60 million, up 6% sequentially and 32% year-over-year.
Loan and Deposit Growth
Loans grew $184 million to $6.4 billion (up 12% year-over-year); deposits increased $238 million to $6.8 billion (up 9% year-over-year).
Margin Expansion and Funding Mix
Net interest margin expanded 18 basis points to 3.26% in the quarter; incremental spreads on new production ~3.75%; noninterest-bearing deposits comprised 49% of Q1 deposit growth and over two-thirds of deposit growth over the past 12 months.
Wealth Management Performance
Wealth management revenue of $16.5 million, up 7% year-over-year; assets under management/administration stable at approximately $13 billion; gross inflows of $227 million.
Improved Efficiency and Operating Leverage
Operating expenses of $55.4 million were outpaced by revenue growth; efficiency ratio improved to ~67%, marking the sixth consecutive quarter of improvement and positive operating leverage.
Capital and Liquidity Strength
Redeemed $100 million of subordinated debt and completed a $30 million convertible preferred placement (with $20 million additional option), increasing Tier 1 capital to above 11%; loan-to-deposit ratio 94%; over $5 billion of available liquidity; no brokered funding.
Asset Quality Trend
Nonperforming assets declined for the third consecutive quarter to 0.77% of assets; allowance for credit losses stable at ~1.04% of total loans.
New Client Acquisition and New York Expansion
Added 150 new commercial relationships in Q1 (bringing New York expansion to >1,300 relationships) with over $2.1 billion in client deposits and >$1.6 billion in credit commitments; 683 new noninterest-bearing DDA accounts opened and funded in the quarter.
Securities Portfolio Repositioning
Exited lower-yielding long-duration bonds and redeployed proceeds into higher-yielding securities to provide a modest tailwind to margin going forward.
DE:45V Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed