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Peapack Private Bank and Trust

Bedminster, NJ · Cert 11035 · Peapack-Gladstone Finl Corp.

State charter, Fed member · FED · 19 branches

Q2 2026

$8.0BAssets
$6.7BLoans
$7.1BDeposits
$700.2MEquity
Loan mix
66%RE $4.1B30%C&I $1.9B3%Consumer $0.2BQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $5.4B23%Noninterest $1.6BQ2 2025Q2 2026

NIM

4.88%Q2 ’244.89%Q2 ’254.93%Q2 ’26+19%+18%

Non-interest income vs. expense

2.54%Q2 ’242.79%Q2 ’252.76%Q2 ’26+30%-3%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.2% share · #36 of 151 inst. · $7.1B of $2921.1B

0.1% New York
12.6% Somerset
4.5% Morris
7.6% Hunterdon

Executive Summary

  • Earnings: ROA of 0.84%, up 34 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 1.07% of loans (-91 bps YoY), with net charge-offs at 0.52%.
  • Capital: tier 1 leverage ratio of 8.96%, down 104 bps from a year ago.
  • Funding: loans stand at 94.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.84%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.17%+48 bps YoY

Efficiency Ratio (YTD, annualized)

64.22%-951 bps YoY

Tier 1 Leverage Ratio

8.96%-104 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.50%0.53%0.57%0.85%0.84%+34 bps
Return on Equity5.07%5.36%5.84%9.10%9.18%+412 bps
Net Interest Margin2.69%2.69%2.76%3.21%3.17%+48 bps
Efficiency Ratio73.73%73.34%71.66%64.31%64.22%-951 bps
Non-Interest Burden1.68%1.67%1.65%1.63%1.62%-6 bps
Growth
Asset Growth (YoY)10.73%9.54%7.27%8.04%10.65%-8 bps
Loan Growth (YoY)10.54%13.29%13.36%11.92%14.66%+413 bps
Deposit Growth (YoY)12.39%10.47%7.41%8.41%10.72%-167 bps
Asset Quality
Nonperforming Loans / Loans1.97%1.40%1.09%0.92%1.07%-91 bps
Net Charge-Offs / Loans0.08%0.45%0.41%0.70%0.52%+44 bps
Allowance / Loans1.40%1.14%1.14%1.04%1.04%-37 bps
Allowance Coverage of NPLs0.7x0.8x1.0x1.1x1.0x+0.3x
Capital
Tier 1 Leverage Ratio9.99%9.89%9.89%9.02%8.96%-104 bps
Total Risk-Based Capital13.54%12.82%12.64%11.83%11.65%-188 bps
Equity / Assets9.79%9.65%9.76%8.87%8.79%-100 bps
Liquidity & Funding
Loans / Deposits91.30%91.61%94.76%94.26%94.54%+325 bps
Liquid Assets / Assets5.65%5.86%3.66%4.21%4.07%-158 bps
CRE / Total Capitaln/a434%446%489%n/an/a