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Peapack Gladstone Financial (Peapack Gladstone Financial) Effective Interest Rate on Debt % : 29.63% (As of Dec. 2023)


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What is Peapack Gladstone Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Peapack Gladstone Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $174.0 Mil. Peapack Gladstone Financial's average total debt for the quarter that ended in Dec. 2023 was $587.3 Mil. Therefore, Peapack Gladstone Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 29.63%.


Peapack Gladstone Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Peapack Gladstone Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Peapack Gladstone Financial Effective Interest Rate on Debt % Chart

Peapack Gladstone Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.53 13.88 12.16 10.53 27.28

Peapack Gladstone Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.01 24.65 26.69 29.63 43.36

Competitive Comparison of Peapack Gladstone Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Peapack Gladstone Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Peapack Gladstone Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Peapack Gladstone Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Peapack Gladstone Financial's Effective Interest Rate on Debt % falls into.



Peapack Gladstone Financial Effective Interest Rate on Debt % Calculation

Peapack Gladstone Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -147.921/( (530.917+553.394)/ 2 )
=-1  *  -147.921/542.1555
=27.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=151.387 + 379.53
=530.917

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.58 + 403.814
=553.394

Peapack Gladstone Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -174.012/( (621.126+553.394)/ 2 )
=-1  *  -174.012/587.26
=29.63 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=150.55 + 470.576
=621.126

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.58 + 403.814
=553.394

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Peapack Gladstone Financial  (NAS:PGC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Peapack Gladstone Financial Effective Interest Rate on Debt % Related Terms

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Peapack Gladstone Financial (Peapack Gladstone Financial) Business Description

Traded in Other Exchanges
N/A
Address
500 Hills Drive, Suite 300, Bedminster, NJ, USA, 07921
Peapack Gladstone Financial Corp provides banking services. It operates through two segments namely Banking, which involves the delivery of loans and deposits, and Peapack Private Division which includes asset management services. The banking segment includes commercial real estate, multifamily, residential and consumer lending, deposit generation, and internet banking services. Peapack Private includes asset management services for individuals and institutions; personal trust services, administrator, custodian and guardian, and other financial planning and advisory services.
Executives
Stuart M. Vorcheimer officer: EVP, Comm & Ind Lndg 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Frank A. Cavallaro officer: SEVP & Chief Financial Officer 132 YALE AVENUE, SOMERDALE NJ 08083
Patrick Campion director C/O ANJIE LAROCCA, DEUTSCHE ASSET MGMT, 345 PARK AVENUE, NEW YORK NY 10154
John P Babcock officer: SEVP & Pres of Priv Wealth Mgt 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Anthony W. Spinelli director 500 HILLS DRIVE, SUITE 300, P.O. BOX 700, BEDMINSTER NJ 07921
Robert A. Plante officer: EVP, Chief Operating Officer 500 HILLS DRIVE, SUITE 300, P.O. BOX 700, BEDMINSTER NJ 07921
Carmen M Bowser director 1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
F Duffield Meyercord director
Douglas L Kennedy director, officer: President & CEO C/O PEAPACK GLADSTONE FINANCIAL CORP, 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921-1538
Francesco S Rossi officer: SVP/Chief Accounting Officer 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Vincent A Spero officer: EVP, Head of Comml Real Estate 190 MAIN STREET, PO BOX 178, GLADSTONE NJ 07934
Peter D. Horst director 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Steven A Kass director 226 LANDIS AVENUE, VINELAND NJ 08360
Jeffrey J Carfora officer: SEVP & Chief Financial Officer C/O PENNFED FINANCIAL SERVICES INC, 622 EAGLE ROCK AVENUE, WEST ORANGE NJ 07052
Gregory Martin Smith officer: EVP, Head of Comml Banking 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921