Peapack-gladstone Financial Corporation · NASDAQ:PGC
Peapack-gladstone Financial — Q3 2026 Earnings Presentation
28 slides from Peapack-gladstone Financial's earnings presentation, Oct 27, 2026
Slide 1: Peapack-Gladstone Financial Corporation Q3 2026 Earnings Presentation
WEALTH MANAGEMENT | COMMERCIAL BANKING | PERSONAL BANKING Peapack-Gladstone Financial Corporation Q3 2026 Earnings Presentation Q3 DEPOSIT GROWTH + $301M Q3 LOAN GROWTH + $403M Q3 EARNINGS PER SHARE $0.99 01 (+ 4% QoQ) (+ 6% QoQ) (+ 15% QoQ) Exhibit 99.2
Slide 2: Q3 2026 Highlights
Q3 2026 HIGHLIGHTS Our organic growth continues to result in positive momentum TOTAL REVENUE1 $87.5M +24% YoY OPERATING EXPENSE $55.1M +5% YoY (−1% QoQ) PRE-TAX PRE-PROVISION NET REVENUE2 $32.3M +76% YoY NET INCOME TO COMMON 3 $18.5M +92% YoY LOAN GROWTH +$1.1B +17% YoY DEPOSIT GROWTH +$0.8B +12% Yo
Slide 3: Long-Term Strategic Execution
LONG-TERM STRATEGIC EXECUTION Our investments have translated into higher core earnings Annualized PPNR¹ reached $129M—approximately 2.7x the Q3 2024 trough in earnings. INDUSTRY MARGIN PRESSURE INVESTMENT PERIOD CORE EARNINGS INFLECTION ¹ See page 21 for notes and important information. 03 Mar–Jul
Slide 4: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS Earnings increased 17% sequentially ($ in millions, except per share data and ratios) Q2 2026 Q3 2026 QoQ Total revenue $86.1 $87.5 Operating expense 55.7 55.1 Pre-provision net revenue¹ 30.4 32.4 +6% Provision for credit losses 8.1 8.5 Income before taxes 22.3 23.9 Income t
Slide 5: Balance Sheet Growth
BALANCE SHEET GROWTH Loans and deposits are expanding at an attractive pace Growth has not been linear but our expectations remain $200 million of growth in both loans and deposits per quarter over time. 05 +17% YoY Loans +12% YoY Deposits ¹ See page 21 for notes and important information. ($ billio
Slide 6: Deposit Trends
DEPOSIT TRENDS Strong Deposit Growth Deposits grew $301 million sequentially. DEPOSIT GROWTH QOQ +$301M (+4%) DEPOSIT GROWTH YOY +$796M (+12%) NIB DEPOSIT GROWTH YOY +$232M (+18%) 06 $6.6 $6.6 $6.8 $7.1 $7.4 ($ billions)
Slide 7: Loan Trends
LOAN TRENDS Loan Portfolio Growth across commercial, multifamily and other lending opportunities. LOAN GROWTH QoQ +$403M (+6%) LOAN GROWTH YoY +$1.1B (+17%) C&I GROWTH YoY +$409M (+15%) 07 $6.0 $6.3 $6.4 $6.7 $7.1 ($ billions)
Slide 8: Net Interest Income
NET INTEREST INCOME Consistent NII growth and margin expansion Net interest income increased 33% YoY, while net interest margin expanded 2 bps sequentially. Net Interest Income ($ millions) Net Interest Margin (%) NET INTEREST INCOME GROWTH QoQ +6% Q3 NET INTEREST INCOME $67.5M Q3 NET INTEREST MARGI
Slide 9: Operating Performance
OPERATING PERFORMANCE Disciplined execution is improving returns Expense discipline and revenue growth are producing a stronger return profile. ROATCE¹ (%) GAAP Efficiency Ratio (%) OPERATING EXPENSE $55.1M −1% QoQ ROATCE¹ 11.4% +587 bps since Q3 2024 GAAP EFFICIENCY RATIO 63.0% -1583 bps since Q3 2
Slide 10: Capital Position
CAPITAL POSITION Current capital levels and buffers ($ in millions; all data as of September 30, 2026) ¹ See page 21 for notes and important information. 10 Regulatory Capital – Holding Company Amount Ratio Well-Capitalized1 Buffer Tier 1 leverage 761 9.29% 4.00% 433 Tier 1 capital / risk-weighted a
Slide 11: Wealth Management
WEALTH MANAGEMENT Wealth Management remains foundational to our private banking brand A scaled, long-established wealth management franchise differentiates the platform and deepens relationships across generations. AUM / AUA $13.6B SEPTEMBER 30, 2026 WEALTH REVENUE $17.3M (+9% YoY) Q3 2026 Relations
Slide 12: Outlook
OUTLOOK Our differentiated model is driving growth and improved profitability Our wealth-anchored private banking approach is delivering growth and improving operating leverage. Established platform Experienced teams Specialist capabilities Scaled infrastructure Integrated client relationship Wealth
Slide 13: Important Information
IMPORTANT INFORMATION Statement Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and may include expressions about Management’s strategies a
Slide 14: Appendix A: Franchise, client experience, credit and capital
Q3 2026 INVESTOR PRESENTATION Appendix A Franchise, client experience, credit and capital 14
Slide 15: Metropolitan New York Boutique Bank
APPENDIX A | FRANCHISE Metropolitan New York Boutique Bank Founded in 1921, with an established wealth franchise and a single point of contact model. A regional franchise built for relationships Experienced teams deliver private banking, commercial, and wealth services across New Jersey and metropol
Slide 16: Wealth anchors a full-service private banking relationship
APPENDIX A | PRIVATE BANK MODEL Wealth anchors a full-service private banking relationship One private banker connects each client with banking, wealth and advisory capabilities. 16 Investment Banking Broadens the firm’s capabilities with strategic advisory and capital markets expertise. Creates dee
Slide 17: Client experience and culture are fundamental to our franchise
APPENDIX A | CLIENT EXPERIENCE & CULTURE Client experience and culture are fundamental to our franchise Net Promoter Score improved 24 points from 2023 to 2025. NET PROMOTER SCORE Banking industry benchmark¹: 41 Personalized service A dedicated relationship manager coordinates tailored solutions. Tr
Slide 18: Credit quality improved sequentially
APPENDIX A | CREDIT QUALITY Credit quality improved sequentially Key asset quality ratios improved quarter over quarter in both the NY rent-regulated multifamily and total loan portfolios. Criticized & classified loans / gross loans 30–89 days past due / gross loans Nonperforming assets / total asse
Slide 19: New York Rent-Regulated Multifamily
APPENDIX A | NEW YORK RENT-REGULATED MULTIFAMILY Conservatively underwritten NY rent-regulated MF portfolio continues to run off NY rent-regulated multifamily has declined by 12% year-over-year, from 18% to 11% of total loans. Portfolio statistic 9/30/2026 NY rent-regulated balance $775M Number of l
Slide 20: Appendix B: Financial data, reconciliations and supporting tables
Q3 2026 INVESTOR PRESENTATION Appendix B Financial data, reconciliations and supporting tables 20
Slide 21: Notes and Important Information
APPENDIX B Notes and Important Information Highlights and Strategic Execution (pages 2–4) Total Revenue equals net interest income plus non-interest income. Pre-Tax Pre-Provision Net Revenue (“PPNR”) or “Core Earnings” is a non-GAAP measure; see page 27. Annualized PPNR equals quarterly PPNR × 4. Ne
Slide 22: Balance Sheet & AUM/AUA
APPENDIX B | BALANCE SHEET Balance Sheet & AUM/AUA ($ in thousands) ASSETS 9/30/25 12/31/25 9/30/26 Cash and cash equivalents 347,186 187,820 268,882 Investments - AFS 781,368 802,267 847,011 Investments - HTM 97,414 95,862 77,350 Residential / Consumer 878,905 895,224 1,039,982 Multifamily mortgage
Slide 23: Asset Quality
APPENDIX B | ASSET QUALITY Asset Quality ($ in thousands) 9/30/2025 12/31/2025 9/30/2026 Loans past due over 90 days and still accruing $ — $ — $ 200 Nonaccrual loans 84,142 68,243 57,535 Other real estate owned — — 96 Total nonperforming assets $84,142 $68,243 $57,831 Nonperforming loans to total l
Slide 24: Capital Adequacy and Regulatory Capital
APPENDIX B | CAPITAL SUMMARY Capital Adequacy and Regulatory Capital ($ in thousands, except per share data) 9/30/2025 12/31/2025 9/30/2026 Common equity to total assets 8.64% 8.75% 8.07% Tangible common equity to tangible assets¹ 8.09% 8.21% 7.60% Book value per share $36.62 $37.49 $38.67 Tangible
Slide 25: Quarterly Income Statements
APPENDIX B | QUARTERLY INCOME STATEMENT Quarterly Income Statements ($ in thousands, except per share data) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Interest income $92,545 $93,984 $95,049 $100,210 $106,871 Interest expense 41,972 37,442 35,153 36,289 39,379 Net interest income 50,573 56,542 59,896 6
Slide 26: Tangible Capital and ROATCE Reconciliation
APPENDIX B | NON-GAAP FINANCIAL MEASURES Tangible Capital and ROATCE Reconciliation ($ in thousands, except per share data) Tangible Book Value Per Share Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Shareholders' equity 642,550 658,206 699,204 715,785 735,626 Less: preferred stock 0 0 30,000 30,000 50,00
Slide 27: Pre-Tax Pre-Provision Net Revenue Reconciliation
APPENDIX B | NON-GAAP FINANCIAL MEASURES Pre-Tax Pre-Provision Net Revenue Reconciliation ($ in thousands) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Income before income taxes $13,607 $16,992 $19,726 $22,297 $23,841 Provision for credit losses 4,790 7,671 7,327 8,088 8,499 Pre-tax pre-provision net re
Slide 28: Investor Relations Contacts
Peapack-Gladstone Financial Corporation Investor Relations Contacts Douglas L. Kennedy President & Chief Executive Officer 908-719-6554 | [email protected] Frank A. Cavallaro Senior EVP & Chief Financial Officer 908-306-8933 | [email protected] John P. Babcock Senior EVP & Pres
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