Peapack-Gladstone Financial Corporation (PGC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6682191651131637031
Cash and cash equivalents6532081611131637031
Short-term investments15115    
Total current assets:6682191651131637031
Noncurrent Assets
Finance lease, right-of-use asset45
Operating lease, right-of-use asset912
Property, plant and equipment22212729303032
Intangible assets, net (including goodwill)4441322433 
Goodwill3330241722 
Intangible assets, net (excluding goodwill)11108722 
Total noncurrent assets:79796053343432
Other undisclosed assets5,1434,8854,3934,0943,6833,2612,639
TOTAL ASSETS:5,8905,1834,6184,2613,8793,3652,702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt151283 244155
Total current liabilities:151283 244155
Noncurrent Liabilities
Liabilities, other than long-term debt33      
Deferred income tax liabilities33 
Total noncurrent liabilities:33      
Other undisclosed liabilities5,3154,5514,1463,8573,5313,0482,406
Total liabilities:5,3634,6794,1493,8573,5543,0892,460
Stockholders' equity
Stockholders' equity attributable to parent, including:527504469404324276242
Common stock17171616151413
Treasury stock, value(36)(30)(9)(9)(9)(9)(9)
Accumulated other comprehensive income (loss)(1)(1)(2)(1)(2)(0)1
Retained earnings221199155114815841
Other undisclosed stockholders' equity attributable to parent327319309284239213196
Total stockholders' equity:527504469404324276242
TOTAL LIABILITIES AND EQUITY:5,8905,1834,6184,2613,8793,3652,702

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues18917515914612510889
Net investment income1661811601391179971
Financial services revenue25191715
Cost of revenue(32)(4)(4)(6)(8)(7)(6)
Cost of goods and services sold      (1)
Provision for loan, lease, and other losses(32)(4)(4)
Financial services costs(6)(8)(7)(5)
Gross profit:15717115614011810183
Operating expenses(16)(15)(13)(66)(56)(52)(60)
Other operating expense, net
(Other Expenses)
(20)(20)(19)(17)(19)(17)(13)
Operating income:12113712357433210
Nonoperating income      1
Investment income, nonoperating      0
Bank owned life insurance income      1
Interest and debt expense(38)(60)(45)(28)(21)(15)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(51)(10)(21)25211520
Income from continuing operations before income taxes:32665854433224
Income tax expense(6)(19)(14)(18)(16)(12)(9)
Net income available to common stockholders, diluted:26474436262015

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:26474436262015
Other comprehensive income (loss)65(1)1(1)(2)1
Comprehensive income:32534337251816
Other undisclosed comprehensive loss, net of tax, attributable to parent(6)(4)     
Comprehensive income, net of tax, attributable to parent:26484337251816

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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