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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2191651131637031 
Cash and cash equivalents2081611131637031 
Short-term investments115     
Total current assets:2191651131637031 
Noncurrent Assets
Finance lease, right-of-use asset5
Operating lease, right-of-use asset12
Property, plant and equipment21272930303229
Intangible assets, net (including goodwill)41322433 
Goodwill30241722  
Intangible assets, net (excluding goodwill)108722  
Total noncurrent assets:79605334343229
Other undisclosed assets4,8854,3934,0943,6833,2612,6391,938
TOTAL ASSETS:5,1834,6184,2613,8793,3652,7021,967
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1283 24415555
Total current liabilities:1283 24415555
Noncurrent Liabilities
Other undisclosed liabilities4,5514,1463,8573,5313,0482,4061,741
Total liabilities:4,6794,1493,8573,5543,0892,4601,796
Stockholders' equity
Stockholders' equity attributable to parent, including:504469404324276242171
Common stock17161615141310
Treasury stock, value(30)(9)(9)(9)(9)(9)(9)
Accumulated other comprehensive income (loss)(1)(2)(1)(2)(0)10
Retained earnings19915511481584129
Other undisclosed stockholders' equity attributable to parent319309284239213196141
Total stockholders' equity:504469404324276242171
TOTAL LIABILITIES AND EQUITY:5,1834,6184,2613,8793,3652,7021,967

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1751591461251088973
Net investment income1811601391179971 
Financial services revenue25191715 
Cost of revenue(4)(4)(6)(8)(7)(6)(4)
Cost of goods and services sold     (1)(1)
Provision for loan, lease, and other losses(4)(4)
Financial services costs(6)(8)(7)(5)(3)
Gross profit:1711561401181018369
Operating expenses(15)(13)(66)(56)(52)(60)(55)
Other operating income (expense), net
(Other Expenses)
(20)(19)(17)(19)(17)(13)13
Operating income:1371235743321027
Nonoperating income     11
Investment income, nonoperating     0 
Bank owned life insurance income     11
Interest and debt expense(60)(45)(28)(21)(15)(8)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(10)(21)25211520(9)
Income from continuing operations before income taxes:66585443322415
Income tax expense(19)(14)(18)(16)(12)(9)(6)
Net income available to common stockholders, diluted:4744362620159

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4744362620159
Other comprehensive income (loss)5(1)1(1)(2)1(4)
Comprehensive income:5343372518165
Other undisclosed comprehensive loss, net of tax, attributable to parent(4)      
Comprehensive income, net of tax, attributable to parent:4843372518165

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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