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PGC (Peapack Gladstone Financial) Net Income : $32.3 Mil (TTM As of Sep. 2024)


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What is Peapack Gladstone Financial Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Peapack Gladstone Financial's Net Income for the three months ended in Sep. 2024 was $7.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $32.3 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Peapack Gladstone Financial's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $0.43.


Peapack Gladstone Financial Net Income Historical Data

The historical data trend for Peapack Gladstone Financial's Net Income 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.

* Premium members only.

Peapack Gladstone Financial Net Income Chart

Peapack Gladstone Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.43 26.19 56.62 74.25 48.85

Peapack Gladstone Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income 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 8.76 8.60 8.63 7.53 7.59

Peapack Gladstone Financial Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Peapack Gladstone Financial's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=67.281+-18.427+0+-7.105427357601E-15
=48.9

Peapack Gladstone Financial's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=10.746+-3.159+0+-8.8817841970013E-16
=7.6

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $32.3 Mil.

* 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.


Peapack Gladstone Financial  (NAS:PGC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Peapack Gladstone Financial's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Peapack Gladstone Financial Net Income Related Terms

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Peapack Gladstone Financial Business Description

Traded in Other Exchanges
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 guardians, and other financial planning and advisory services.
Executives
John P Babcock officer: SEVP & Pres of Priv Wealth Mgt 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Stuart M. Vorcheimer officer: EVP, Comm & Ind Lndg 500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921
Gregory Martin Smith officer: EVP, Head of Comml Banking 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
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
F Duffield Meyercord director
Carmen M Bowser director 1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
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