PGC

Peapack-Gladstone Financial Corporation

$26.58

-0.08

(-0.3%)

Exchange:	NASDAQ
Market Cap:	471.42M
Shares Outstanding:	7.181M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

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Revenue Segmentation

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EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	108,166	125,353	145,768	159,356	174,970	189,362	210,304	242,497	215,535	228,128
? Cost Of Revenue	68,926	30,109	29,289	32,841	34,442	36,259	39,989	41,712	44,825	122,325
? Gross Profit	39,240	95,244	116,479	126,515	140,528	153,103	170,315	200,785	170,710	105,803
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	42,432	49,761	56,322	65,245	70,406	79,491	83,935	91,415	103,470	0
? Selling And Marketing Expenses	637	824	1,108	1,340	1,363	1,631	1,288	1,882	1,872	0
? Operating Expenses	68,926	75,112	85,611	-54,460	-108,848	-157,359	-132,642	133,800	225,830	175,676
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	99,142	117,048	138,727	159,686	180,670	165,750	160,067	211,875	304,010	327,801
? Interest Expense	14,690	20,613	27,586	44,523	60,396	38,148	22,006	35,795	144,272	178,795
? Depreciation And Amortization	4,003	3,216	3,596	4,314	4,165	4,414	4,788	5,044	5,007	0
? EBITDA	36,143	0	57,903	61,802	70,287	36,417	-6,089	36,363	0	-69,873
? EBIT
? Operating Income	46,830	63,354	81,893	102,243	66,122	32,003	77,662	138,139	93,406	-69,873
? Income Before Tax	32,140	42,741	54,307	57,720	66,122	32,003	77,662	102,344	67,281	52,452
? Income Tax Expense	12,168	16,264	17,810	13,550	18,688	5,811	21,040	28,098	18,427	11,964
? Net Income From Continuing Operations
? Net Income	19,972	26,477	36,497	44,170	47,434	26,192	56,622	74,246	48,854	32,988
? EPS (Earnings Per Share)	1.310	1.620	2.060	2.330	2.460	1.390	3.010	4.090	2.740	1.870
? EPS Diluted	1.290	1.600	2.030	2.310	2.440	1.370	2.930	4	2.710	1.850
? Weighted Average Shares Outstanding	15,187.637	16,318.868	17,659.625	18,965.305	19,268.870	18,896.825	18,788.679	18,161.605	17,849.558	17,664.640
? Weighted Average Shares Outstanding Diluted	15,434.996	16,514.998	17,943.685	19,148.645	19,411.448	19,081.187	19,292.602	18,568.098	18,049.052	17,839.761
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	70,059	162,590	113,346	160,672	208,083	653,220	146,804	190,075	187,671	8,492
? Short Term Investments	195,630	305,388	327,633	377,936	390,755	622,689	796,753	554,648	550,617	784,544
? Cash And Short Term Investments	265,689	467,978	440,979	538,608	598,838	1,275,909	943,557	744,723	187,671	793,036
? Net Receivables	6,820	8,153	9,452	10,814	0	0	21,589	25,157	30,676	29,898
? Accounts Receivables										29,898
? Inventory	0	0	0	0	-218,729	-675,867	-173,235	-216,440	0	0
? Total Current Assets	3,135,502	3,539,717	3,879,602	4,175,396	609,332	1,298,404	965,146	769,880	218,347	822,934
? Property Plant Equipment Net	30,246	30,371	29,476	27,408	38,123	35,360	36,401	39,539	38,349	70,162
? Goodwill	1,573	1,573	17,107	24,417	30,208	33,103	36,212	36,212	36,212	36,212
? Intangible Assets	1,708	1,584	6,729	7,982	10,380	10,788	12,690	11,121	9,802	8,714
? Long Term Investments	195,630	305,388	327,633	382,655	401,591	637,806	920,118	669,924	671,538	0
? Total Non Current Assets	229,157	338,916	380,945	442,462	480,302	717,057	1,005,421	756,796	6,289,186	131,469
? Total Assets	3,364,659	3,878,633	4,260,547	4,617,858	5,182,879	5,890,442	6,077,993	6,353,593	6,476,857	7,011,238
? Account Payables	0	0	0	0	7,951	0	0	0	0	18,514
? Short Term Debt	40,700	0	0	0	128,100	0	0	397,930	403,814	44,917
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	40,700	1,895,070	2,201,277	2,298,433	136,051	15,000	15,931	379,530	2,118,020	63,431
? Long Term Debt	93,914	96,355	129,994	199,555	208,438	198,284	148,632	151,387	149,580	0
? Deferred Revenue Non Current	0	-25,507	-40,838	-37,921	0	0	0	0	0	0
? Deferred Tax Liabilities Non Current	0	3,173	12,317	16,029	26,151	32,978	39,322	15,432	0	0
? Total Non Current Liabilities	93,914	120,252	129,994	215,584	234,589	408,348	187,954	379,530	5,893,176	6,360,472
? Total Liabilities	3,088,983	3,554,423	3,856,869	4,148,845	4,679,227	5,363,320	187,954	5,820,613	5,893,176	6,405,389
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	13,717	14,717	15,858	16,459	16,733	16,958	17,220	17,513	17,831	17,953
? Retained Earnings	58,123	81,304	114,468	154,799	199,029	221,441	274,288	348,798	394,094	423,552
? Additional Paid In Capital										0
? Total Stockholders Equity	275,676	324,210	403,678	469,013	503,652	527,122	546,388	532,980	583,681	605,849
? Total Equity	275,676	324,210	403,678	469,013	503,652	527,122	546,388	532,980	583,681	605,849
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	3,364,659	3,878,633	4,260,547	4,617,858	5,182,879	5,890,442	6,077,993	6,353,593	6,476,857	7,011,238
? Total Investments	391,260	610,776	655,266	760,591	792,346	1,260,495	1,716,871	1,224,572	1,222,155	784,544
? Total Debt	134,614	120,252	129,994	199,555	336,538	390,370	148,632	530,917	553,394	44,917
? Net Debt	64,555	-42,338	16,648	38,883	128,455	-262,850	1,828	340,842	365,723	36,425
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	19,972	26,477	36,497	44,170	47,434	26,192	56,622	74,246	48,854	32,988
? Depreciation And Amortization	4,003	3,216	3,596	4,314	4,165	4,414	4,788	5,044	5,007	287
? Deferred Income Tax	-4,043	952	14,118	17,042	10,013	8,225	9,452	-6,641	-15,276	0
? Stock Based Compensation	319	156	122	189	158	224	126	145	178	0
? Change In Working Capital	936	1,627	-9,764	-11,543	17,463	-31,498	-4,352	3,277	-3,005	0
? Accounts Receivables	-1,449	-1,333	-1,299	-1,362	328	-12,001	906	-3,568	0	778
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	30,306	42,926	55,935	64,248	86,296	36,720	75,463	118,901	70,080	8,267
? Investments In Property Plant And Equipment	-1,924	-3,218	-2,380	-1,059	-1,705	-3,075	-3,928	-3,517	-3,281	0
? Acquisitions Net	-800	-316,583	-13,500	-3,500	-2,600	-4,160	-5,500	277	0	0
? Purchases Of Investments	-8,049	-187,043	-91,561	-156,893	-215,971	-452,053	-762,449	-420,169	-629,372	-899,669
? Sales Maturities Of Investments	142,448	73,498	66,450	98,855	208,625	217,072	453,661	565,926	638,540	668,461
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	-303,426
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-403,814
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	-8,066
? Net Dividends Paid	-3,100	-3,296	-3,548	-3,712	-3,865	-3,780	-3,775	-3,645	-3,558	-3,530
? Common Dividends Paid										-3,530
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	634,074	482,780	330,335	280,785	448,081	622,412	171,817	280,437	74,997	-10,719
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	38,953	92,531	-49,244	47,326	47,412	445,137	-506,518	43,271	-2,404	-2,452
? Cash At End Of Period	70,160	162,691	113,447	160,773	208,185	653,322	146,804	190,075	187,671	20,141
? Cash At Beginning Of Period	31,207	70,160	162,691	113,447	160,773	208,185	653,322	146,804	190,075	22,593
? Operating Cash Flow	30,306	42,926	55,935	64,248	86,296	36,720	75,463	118,901	70,080	8,267
? Capital Expenditure	-1,924	-3,218	-2,380	-1,059	-1,705	-3,075	-3,928	-3,517	-3,281	0
? Free Cash Flow	28,382	39,708	53,555	63,189	84,591	33,645	71,535	115,384	66,799	8,267
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	145,299.429	160,301.712	175,239.705	186,153.901	208,165.915	248,385.113	230,502.997	226,341	276,963	319,911
Estimated Revenue (High)	145,497.568	160,520.309	175,478.673	186,407.752	208,449.783	252,311.584	230,813.001	226,341	276,963	319,911
Estimated Revenue (Avg)	145,400	160,412.667	175,361	186,282.750	208,310	250,350	230,663	226,341	276,963	319,911
Estimated Ebitda (Low)	60,429.875	85,162.715	101,373.784	58,087.682	70,684.267	83,125.749	91,438.323	32,367.763	39,606.933	45,748.687
Estimated Ebitda (High)	90,644.812	127,744.073	152,060.676	87,131.524	106,026.400	124,688.622	137,157.484	32,367.763	39,606.933	45,748.687
Estimated Ebitda (Avg)	75,537.344	106,453.394	126,717.230	72,609.604	88,355.334	103,907.186	114,297.904	32,367.763	39,606.933	45,748.687
Estimated Net Income (Low)	25,773.810	35,302.527	36,804.274	18,300.385	38,983.861	47,328.396	39,083.200	31,397.981	47,156.378	68,445.279
Estimated Net Income (High)	38,660.715	52,953.790	55,206.411	27,450.578	58,475.791	70,992.594	58,624.799	31,397.981	47,156.378	68,445.279
Estimated Net Income (Avg)	32,217.263	44,128.159	46,005.343	22,875.482	48,729.826	59,160.495	48,854	31,397.981	47,156.378	68,445.279
Estimated SGA Expense (Low)	41,433.159	53,861.174	56,764.313	68,688.869	58,410.205	71,461.352	78,607.486	94,474.973	115,604.650	133,531.191
Estimated SGA Expense (High)	62,149.739	80,791.761	85,146.470	103,033.305	87,615.309	107,192.029	117,911.230	94,474.973	115,604.650	133,531.191
Estimated SGA Expense (Avg)	51,791.449	67,326.468	70,955.392	85,861.087	73,012.757	89,326.691	98,259.358	94,474.973	115,604.650	133,531.191
Estimated EPS (Avg)	1.940	2.360	2.420	1.530	3.060	4.360	2.790	1.760	2.640	3.840
Estimated EPS (High)	1.940	2.360	2.420	1.540	3.060	4.400	2.950	1.760	2.640	3.840
Estimated EPS (Low)	1.940	2.360	2.420	1.530	3.050	4.320	2.620	1.760	2.640	3.840
Number of Analysts (Estimated Revenue)	1	1	1	1	1	1	1	1	1	1
Number of Analysts (Estimated EPS)	1	1	1	1	1	1	3	1	1	2

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Current Key Metrics

?	Revenue (TTM) :	406.095M	?	P/S (TTM) :	1.15
?	Net Income (TTM) :	32.988M	?	P/E (TTM) :	14.65
?	Enterprise Value (TTM) :	382.643M	?	EV/FCF (TTM) :	11.41
?	Dividend Yield (TTM) :	0.01	?	Payout Ratio (TTM) :	0.11
?	ROE (TTM) :	0.05	?	ROIC (TTM) :	0.04
?	Net Debt (TTM) :	169.986M	?	Debt/Equity (TTM) :	0.23
?	P/B (TTM) :	0.75	?	Current Ratio (TTM) :	0.05

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
13.70	11.26	10.98	17.37	8.69

SWOT Analysis

No SWOT analysis available for this stock.

PGC

-0.3

3.44

1.94

-4.43

-15.8

31.18

50.58

Trading Metrics:

Open:	26.88	Previous Close:	26.66
Day Low:	26.43	Day High:	26.88
Year Low:	20.8	Year High:	37.88
Price Avg 50:	27.5	Price Avg 200:	30.41
Volume:	101872	Average Volume:	90991

PGC

Peapack-Gladstone Financial Corporation

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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