Peapack-Gladstone Financial Corporation (PGC) financial statements (2022 and earlier)

Company profile

Business Address 500 HILLS DRIVE
BEDMINSTER, NJ 07921
State of Incorp. NJ
Fiscal Year End December 31
SIC 6029 - Commercial Banks, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16166821916511316370
Cash and cash equivalents14765320816111316370
Short-term investments1515115   
Total current assets:16166821916511316370
Noncurrent Assets
Finance lease, right-of-use asset445
Operating lease, right-of-use asset10912
Property, plant and equipment23222127293030
Intangible assets, net (including goodwill)494441322433
Goodwill363330241722
Intangible assets, net (excluding goodwill)1311108722
Total noncurrent assets:85797960533434
Other undisclosed assets5,8315,1434,8854,3934,0943,6833,261
TOTAL ASSETS:6,0785,8905,1834,6184,2613,8793,365
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 151283 2441
Total current liabilities: 151283 2441
Noncurrent Liabilities
Liabilities, other than long-term debt3933     
Deferred income tax liabilities3933 
Total noncurrent liabilities:3933     
Other undisclosed liabilities5,4925,3154,5514,1463,8573,5313,048
Total liabilities:5,5325,3634,6794,1493,8573,5543,089
Stockholders' equity
Stockholders' equity attributable to parent, including:546527504469404324276
Common stock17171716161514
Treasury stock, value(65)(36)(30)(9)(9)(9)(9)
Accumulated other comprehensive loss(12)(1)(1)(2)(1)(2)(0)
Retained earnings2742211991551148158
Other undisclosed stockholders' equity attributable to parent332327319309284239213
Total stockholders' equity:546527504469404324276
TOTAL LIABILITIES AND EQUITY:6,0785,8905,1834,6184,2613,8793,365

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues210189175159146125108
Net investment income16016618116013911799
Financial services revenue251917
Cost of revenue(6)(32)(4)(4)(6)(8)(7)
Provision for loan, lease, and other losses(6)(32)(4)(4)
Financial services costs(6)(8)(7)
Gross profit:204157171156140118101
Operating expenses(17)(16)(15)(13)(66)(56)(52)
Other operating expense, net
(Other Expenses)
(23)(20)(20)(19)(17)(19)(17)
Operating income:164121137123574332
Interest and debt expense(22)(38)(60)(45)(28)(21)(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (51)(10)(21)252115
Income from continuing operations before equity method investments, income taxes:142326658544332
Other undisclosed loss from continuing operations before income taxes(64)      
Income from continuing operations before income taxes:78326658544332
Income tax expense(21)(6)(19)(14)(18)(16)(12)
Net income available to common stockholders, diluted:57264744362620

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:57264744362620
Other comprehensive income (loss)(20)65(1)1(1)(2)
Comprehensive income:36325343372518
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(6)(4)    
Comprehensive income, net of tax, attributable to parent:46264843372518

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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