Peapack Gladstone Financial Corp

Finance
Commercial Banks
www.pgbank.com

Earnings Score
Moat Score

Market Cap $493.66M
PE 15
Debt -
Cash $391.37M
EV -
FCF $63.01M

Earnings

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Sales & Net Margins

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Earnings	$32.99M
EBIT	$44.95M
ROE	5%
ROA	1%
FCF	$63.01M
Equity	$605.85M
Growth Stability	55%
PE	14.96
PEG	3.85
PB	0.81
P/FCF	7.84
P/S	2.16
Price/Cash	0.79
Net Margins	14%
Op. Margins	20%
Earnings CAGR	7%
Sales Growth YoY	14%
Sales Growth QoQ	9%
Sales CAGR	9%
FCF CAGR	6%
Equity CAGR	9%
Earnings Stability	0.29
Earnings Growth YoY	7%

Earnings Growth QoQ	22%
Earnings CAGR 5Y	4%
Sales CAGR 5Y	6%
FCF CAGR 5Y	3%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	-27%
Equity CAGR 3Y	7%
Market Cap	$493.66M
Revenue	$228.13M
Dividend Yield	1%
Payout Ratio	11%
Assets	$7.01B
Cash	$391.37M
Shares Outstanding	17.59M
Earnings Score	13%
Moat Score	58%
Shares Growth 3y	-1%
Equity Growth QoQ	-0%
Equity Growth YoY	4%

Assets & ROA

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Stockholders Equity & ROE

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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 guardian, and other financial planning and advisory services.

SEC Filings

Direct access to Peapack Gladstone Financial Corp (PGC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Peapack Gladstone Financial Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Peapack Gladstone Financial Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 29%

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Peapack Gladstone Financial Corp Discounted Cash Flow

Fully customizable DCF calculator online for Peapack Gladstone Financial Corp.

Years

Calculation mode

= $926M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$63M	$67M	$70M	$74M	$78M	$83M	$87M	$92M	$97M	$103M	$109M	$1.1B
DCF		$60M	$58M	$56M	$54M	$51M	$49M	$47M	$45M	$44M	$42M	$419M
Value	$926M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	18%	21%	25%	28%	27%	14%	27%	31%	21%	14%	14%
ROA	-	2%	2%	2%	2%	1%	1%	2%	1%	1%	1%
ROE	-	8%	9%	9%	9%	5%	10%	14%	8%	5%	5%

Good Net Margins (14.46%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	0	0	1.51	0.45	-	3.29	6.04	-	-
Debt over Equity	0.15	-	0	0	0.25	0.03	-	0.71	0.69	-	-
Growth Stability	-	-	-	100%	100%	61%	100%	100%	93%	55%	55%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (55%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	16%	16%	9%	10%	8%	11%	15%	-5%	-1%	6%
Earnings YoY growth	-	33%	38%	21%	7%	-45%	116%	31%	-34%	-32%	4%
Equity YoY growth	-	18%	25%	16%	7%	5%	4%	-2%	10%	4%	4%
FCF YoY growth	-	40%	35%	18%	34%	-60%	113%	61%	-42%	-6%	3%