Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corp. is a U.S. bank holding company headquartered in New Jersey, operating through its principal subsidiary, Peapack Private Bank & Trust. Its business combines commercial banking, private banking, residential lending, and wealth management across the New Jersey, New York, and Pennsylvania metropolitan market.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueLending, deposits, and treasury services for business and real estate clients.
Fiduciary, investment management, and tax services for high-net-worth clients and institutions.
Customers
The company serves businesses, professionals, and real estate investors through its commercial and private banking franchise, while also providing consumer banking products to households in its market area. Its wealth management division serves high-net-worth individuals, families, trusts, foundations, and endowments that need investment, fiduciary, and tax services.
Business owners, professionals, retailers, contractors, and real estate investors using working capital lines, term loans, and commercial mortgages.
Affluent individuals and households using deposit accounts, cash management, and integrated private banking services.
High-net-worth individuals, families, trusts, estates, foundations, and endowments buying fiduciary and investment services.
Local consumers using checking, savings, money market, CDs, IRAs, and residential mortgage products.
Strategy
The company’s strategy centers on expanding its private banking and wealth management franchise alongside relationship-based commercial lending and deposit gathering. It also emphasizes integrated client coverage, using bankers, lenders, and advisers together to deepen relationships and support growth in its core metro markets.
The franchise is concentrated in affluent, dense markets where relationship banking and private banking can scale.
Fee-based wealth services diversify revenue and deepen client relationships beyond lending and deposits.
Coordinated lending, deposits, and advisory services improve retention and wallet share.
Geography
The company’s core footprint is the New Jersey, New York, and Pennsylvania metropolitan area, with primary market activity in New Jersey and New York. It operates branches and private banking locations in New Jersey, New York City, and Long Island, and also supports wealth management through a Delaware trust subsidiary.
Risks
The company is exposed to credit risk, interest-rate risk, and deposit competition because its core business depends on lending, funding, and securities management. It also faces operational, cybersecurity, regulatory, and market risks that are typical for banks, while its wealth management business adds fiduciary and reputational exposure.
- Credit deterioration in the loan portfolioImpact: HighLikelihood: Medium
The company lends to commercial real estate, business, and consumer borrowers, so weaker economic conditions can increase delinquencies and charge-offs.
Exposure - Deposit competition and funding pressureImpact: HighLikelihood: Medium
Banking is highly competitive and the company must attract and retain core deposits to fund growth.
Exposure - Interest-rate and securities riskImpact: HighLikelihood: Medium
Changes in rates affect net interest income, deposit pricing, loan demand, and the value of available-for-sale securities.
Exposure - Cybersecurity and operational riskImpact: HighLikelihood: Medium
Digital banking, wealth platforms, and internal controls depend on secure systems and effective oversight.
Exposure - Regulatory and compliance riskImpact: MediumLikelihood: Low
As a bank holding company and trust/wealth manager, the company is subject to banking, fiduciary, and consumer protection rules.
Exposure
Accounting
Judgemental itemsASC 326 estimates depend on historical loss experience, forecasts, and qualitative overlays, which can materially change provisions.
Impact: Loan loss provision and reserve balance
Available-for-sale securities are measured at fair value, so rate moves can create unrealized gains or losses in equity.
Impact: Accumulated other comprehensive income and capital
Interest-rate swaps are used to manage duration and funding risk, and hedge effectiveness affects earnings and OCI.
Impact: Net interest income and other comprehensive income
Fees are tied to assets under management and administration, so market movements and client flows affect revenue timing.
Impact: Noninterest income
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Last updated: 24/09/2026