Peapack-Gladstone Financial (PGC) Reports Q1 EPS of $0.33

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Go back to Peapack-Gladstone Financial (PGC) Reports Q1 EPS of $0.33

Peapack-Gladstone Financial Corporation Reports Another Strong Quarter

April 28, 2015 9:20 AM EDT

BEDMINSTER, NJ -- (Marketwired) -- 04/28/15 -- Peapack-Gladstone Financial Corporation (NASDAQ: PGC) (the "Corporation" or the "Company") recorded net income of $5.01 million and diluted earnings per share of $0.33 for the three months ended March 31, 2015, compared to $3.03 million and $0.26, respectively, for the same three month period last year, reflecting increases of 65 percent and 27 percent, respectively.

The following table summarizes earnings for the quarters ended:

Mar Mar (Dollars in millions, except EPS) 2015 (a) 2014 Improvement --------- --------- ------------ Pretax income $ 8.35 $ 4.90 $3.45 70% Net income $ 5.01 $ 3.03 $1.98 65% Diluted EPS $ 0.33 $ 0.26 $0.07 27% Total revenue $ 25.47 $ 20.57 $4.90 24% Return on average assets 0.71% 0.59% 0.12 Return on average equity 8.13% 7.01% 1.12 Efficiency ratio 62.58% 70.06%... More