Filing Flows › Peapack Gladstone Financial (PGC) › Q1 2026
Peapack Gladstone Financial (PGC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Peapack Gladstone Financial (PGC) reported revenue of $82.5M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +5% from the quarter before. Operating margin was 23.9%, net earnings $14.2M (17.2% of revenue).
Peapack Gladstone Financial, Q1 2026: revenue $82.5M (+28% year over year), operating margin 23.9%, net earnings $14.2M, operating cash flow $24.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.5M | +5% | +28% |
| Operating profit | $19.7M | +16% | +89% |
| Net earnings | $14.2M | +16% | +86% |
| Operating cash flow | $24.6M | — | — |
| Free cash flow | $23.3M | — | — |
What changed
Revenue was $82.5M in Q1 2026, up 28% year over year and up 5% from the previous quarter. Banking Segment was the largest line at 79% of revenue. Banking Segment added $17.2M year over year (up 36%), 95% of the total change.
Operating profit was $19.7M, a 23.9% margin (up 7.7 points year over year). Of the extra revenue versus Q1 2025, 51% reached operating profit, above the 16% margin then. Total costs grew 16% against revenue growth of 28%. Net earnings were $14.2M, up 86% year over year. The effective tax rate was 28.3%.
Operating cash flow was $24.6M, 174% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization. Working capital and other items added $9.0M. Capital expenditures of $1.3M left free cash flow of $23.3M.
Questions
What was Peapack Gladstone Financial's revenue in the first quarter 2026?
Peapack Gladstone Financial (PGC) reported revenue of $82.5M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +5% from the quarter before.
Was Peapack Gladstone Financial profitable in the first quarter 2026?
Operating profit was $19.7M (23.9% of revenue) and net earnings $14.2M.