Filing Flows › Peapack Gladstone Financial (PGC) › Q2 2025
Peapack Gladstone Financial (PGC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Peapack Gladstone Financial (PGC) reported revenue of $69.7M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before. Operating margin was 16.1%, net earnings $7.9M (11.4% of revenue).
Peapack Gladstone Financial, Q2 2025: revenue $69.7M (+23% year over year), operating margin 16.1%, net earnings $7.9M, operating cash flow $15.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.7M | +8% | +23% |
| Operating profit | $11.3M | +8% | +18% |
| Net earnings | $7.9M | +5% | +5% |
| Operating cash flow | $15.9M | — | 19× |
| Free cash flow | $9.9M | — | — |
What changed
Revenue was $69.7M in Q2 2025, up 23% year over year and up 8% from the previous quarter. Banking Segment was the largest line at 76% of revenue. Banking Segment added $13.7M year over year (up 35%), 104% of the total change. Wealth Management Division declined 3%.
Operating profit was $11.3M, a 16.1% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 17% margin then. Total costs grew 24% against revenue growth of 23%. Net earnings were $7.9M, up 5% year over year. The effective tax rate was 29.5%.
Operating cash flow was $15.9M (up 1771% year over year), 201% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items added $6.7M. Capital expenditures of $6.0M left free cash flow of $9.9M.
Questions
What was Peapack Gladstone Financial's revenue in the second quarter 2025?
Peapack Gladstone Financial (PGC) reported revenue of $69.7M for the second quarter 2025 (Q2 2025), +23% from a year earlier and +8% from the quarter before.
Was Peapack Gladstone Financial profitable in the second quarter 2025?
Operating profit was $11.3M (16.1% of revenue) and net earnings $7.9M.