Peapack-Gladstone Financial

Peapack-Gladstone Financial Corporation declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on August 27, 2026 to shareholders of record as of August 13, 2026. The company is a New Jersey bank holding company with total assets of $8.0 billion and assets under management and/or administration of $13.9 billion as of June 30, 2026.

Peapack-Gladstone Financial Corporation reported second quarter 2026 net income available to common shareholders of $15.8 million, or $0.85 per diluted share, up from $7.9 million, or $0.45 per diluted share, a year earlier. Total revenue rose 23% year-over-year to $86.1 million, marking the ninth consecutive quarter of revenue growth, while operating expenses increased only 7% to $55.7 million, producing approximately 70% growth in pre-provision net revenue. Net interest income climbed 32% to $63.9 million and the net interest margin expanded to 3.32%, supported by balance sheet repositioning and disciplined pricing. Total loans reached $6.7 billion, up $854 million year-over-year, and deposits grew to $7.1 billion. The company also issued the remaining $20 million of its 6% non-cumulative perpetual convertible preferred stock under a $50 million commitment from Strategic Value Bank Partners, enhancing financial flexibility as earnings strengthen.

Peapack Private Bank & Trust has appointed Leonard Carraturo as Senior Managing Director, Commercial Private Banker. Carraturo brings more than 20 years of commercial banking experience, with expertise in middle-market C&I lending, sponsor finance, healthcare finance, and asset-based lending. He joins from Metropolitan Commercial Bank, where he was Vice President and Commercial Banking Relationship Manager, and previously held roles at Webster Bank, Wells Fargo, JPMorgan Chase, and others. Peapack-Gladstone Financial Corporation, the parent company, reported total assets of $7.7 billion and assets under management and/or administration of $13.1 billion as of March 31, 2026.

Peapack Private Bank & Trust has appointed Paul Kotronis as Senior Managing Director, Commercial Real Estate. In this role, Kotronis will support and expand the bank’s commercial real estate lending platform, drive relationship-based deposit growth, and strengthen its presence in the New York and New Jersey markets. He brings more than 20 years of commercial real estate finance experience, most recently serving as Group Director and Senior Vice President at Signature Bank where he managed a $5 billion portfolio and originated over $4 billion in multifamily and commercial real estate loans. Kotronis also previously held leadership roles at A&E Real Estate Finance, Santander Bank, and New York Commercial Bank. He holds an MBA in Finance and Real Estate from Baruch College’s Zicklin School of Business and a BA in Economics from Hunter College.