Peapack-Gladstone Financial (PGC) Declares $0.05 Quarterly Dividend; 0.7% Yield

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Go back to Peapack-Gladstone Financial (PGC) Declares $0.05 Quarterly Dividend; 0.7% Yield

Peapack-Gladstone Financial Corporation Reports First Quarter Results and Declares Its Quarterly Cash Dividend

April 26, 2019 9:01 AM EDT

BEDMINSTER, N.J., April 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the Company) recorded net income of $11.43 million and diluted earnings per share of $0.58 for the quarter ended March 31, 2019, compared to $10.81 million and $0.57, respectively, for the quarter ended March 31, 2018, reflecting increases of $618,000, or 6%, and $0.01 per share, or 2%, respectively.

The increased net income in the 2019 quarter was driven by increased net interest income, increased wealth management fee income, and a reduced provision for loan losses, partially offset by increased operating expenses and a higher... More