Peapack-Gladstone Financial (PGC) Misses Q3 EPS by 3c

Peapack-Gladstone Financial (NASDAQ: PGC) reported Q3 EPS of $0.56, $0.03 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $40.16 million versus the consensus estimate of $41.12 million.

Douglas L. Kennedy, President and CEO, said, “I am pleased with our results given this challenging environment. Our strategy and business model, which includes a focus on wealth management and fee income, provides a strong base for future performance.” Mr. Kennedy went on to say, “We believe that during this challenging period we may have an opportunity to attract additional talent to the Company from larger bank competitors, given our client centric strategy and business model.”

For earnings history and earnings-related data on Peapack-Gladstone Financial (PGC) click here.

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