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Income Statement
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Cash Flow Statement
Segments

Common Size IS
Op Efficiency
Credit Analysis

PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  195.2147.8155.8165.7148.6131.0112.094.3
        Interest income on investments  13.911.79.010.69.36.74.54.6
       211.9160.1165.8180.7159.7138.7117.099.1
    Interest expense:  
        Interest on borrowings       0.20.30.1
       5.57.05.060.444.527.620.614.7
Net interest income  217.3167.1170.7120.3115.2111.196.484.5
Provision for loan losses  6.46.532.44.03.65.97.57.1
Net interest income after provision for loan losses  211.0160.6138.3116.3111.6105.388.977.4
        Deposit and loan fees     3.53.53.23.33.3
        Gain on sale of investments, net     0.1-0.4 0.10.5
        Other non-interest income  66.472.261.851.141.131.425.519.9
Total non-interest income  66.472.261.854.744.234.628.923.7
Non-interest expenses  133.8126.2125.0104.898.185.675.168.9
Pre-tax income before non-recurring items  102.377.732.064.056.152.742.132.1
Non-recurring items     -2.1-1.6-1.6-0.6 
Pre-tax income  102.377.732.066.157.754.342.732.1
Income taxes  28.121.05.818.713.617.816.312.2
            Tax rate  27.5%27.1%18.2%28.3%23.5%32.8%38.1%37.9%
Net income  74.256.626.247.444.236.526.520.0
            Net margin  26.8%24.3%13.1%27.7%28.3%26.1%22.5%19.8%
   
Basic EPS  $4.09$3.01$1.39$2.46$2.33$2.07$1.62$1.32
Diluted EPS  $4.00$2.93$1.37$2.44$2.31$2.03$1.60$1.29
   
Shares outstanding (basic)  18.218.818.919.319.017.716.315.2
Shares outstanding (diluted)  18.619.319.119.419.117.916.515.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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