# EDGAR Filing Document

**Accession Number:** 0001050743
**File Stem:** 0001193125-26-029537
**Filing Date:** 2026-1
**Character Count:** 107524
**Document Hash:** 1f5fe7d3860c157f71b14e22faaa4185
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-029537.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001193125-26-029537

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20260129

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEAPACK GLADSTONE FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001050743
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 223537895
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16197
- **FILM NUMBER:** 26578847

**BUSINESS ADDRESS:**
- **STREET 1:** 500 HILLS DRIVE
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921
- **BUSINESS PHONE:** 9082340700

**MAIL ADDRESS:**
- **STREET 1:** 500 HILLS DRIVE
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**____________**

**FORM** 8-K

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Date of report (Date of earliest event reported)** | &nbsp;&nbsp;January 29, 2026 |

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PEAPACK-GLADSTONE FINANCIAL CORPORATION

**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;New Jersey | &nbsp;&nbsp;001-16197 | &nbsp;&nbsp;22-3537895 |
| &nbsp;&nbsp;**(State or Other Jurisdiction** | &nbsp;&nbsp;**(Commission** | &nbsp;&nbsp;**(I.R.S. Employer** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**of Incorporation)** | &nbsp;&nbsp;**File Number)** | &nbsp;&nbsp;**Identification No.)** |

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| | |
|:---|:---|
| &nbsp;&nbsp;500 Hills Drive, Suite 300, Bedminster, New Jersey | &nbsp;&nbsp;07921 |
| &nbsp;&nbsp;**(Address of Principal Executive Offices)** | &nbsp;&nbsp;**(Zip Code)** |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Registrant's telephone number, including area code** | &nbsp;&nbsp;(908) 234-0700 |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, no par value | PGC | The NASDAQ Stock Market, LLC |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐

**INFORMATION TO BE INCLUDED IN THE REPORT**

**Item 2.02 Results of Operations and Financial Condition.**

On January 29, 2026, Peapack-Gladstone Financial Corporation (the "Company") issued a press release reporting earnings and other financial results for the three and twelve months ended December 31, 2025. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference in its entirety.

The information disclosed under this Item 2.02, including Exhibit 99.1, shall be considered "furnished" but not "filed" for purposes of the Securities Exchange Act of 1934, as amended.

**Item 7.01 Regulation FD Disclosure.**

The Company is furnishing presentation materials included as Exhibit 99.2 to this report. The Company is not undertaking to update this presentation. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.2).

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| Exhibit No. | Title |
| 99.1 | [<u>Press Release dated January 29, 2026.</u>](pgc-ex99_1.htm) |
| 99.2 | [<u>Investor Presentation used by the Company for the fourth quarter of 2025</u>](pgc-ex99_2.htm). |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | PEAPACK-GLADSTONE FINANCIAL CORPORATION | PEAPACK-GLADSTONE FINANCIAL CORPORATION |
| Dated: January 29, 2026 | By: | /s/ Frank A. Cavallaro |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank A. Cavallaro | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank A. Cavallaro |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Executive Vice President and Chief Financial Officer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Executive Vice President and Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

**Contact:**

Frank A. Cavallaro, SEVP and CFO

Peapack-Gladstone Financial Corporation

T: 908-306-8933

**PEAPACK-GLADSTONE FINANCIAL CORPORATION** 

**REPORTS FOURTH QUARTER FINANCIAL RESULTS** 

**Bedminster, N.J. – January 29, 2026 –** Peapack-Gladstone Financial Corporation (**NASDAQ Global Select Market: PGC**) (the "Company") announces its fourth quarter 2025 financial results.

***This earnings release should be read in conjunction with the Company's Q4 2025 Investor Update, a copy of which is available on our website at*** www.peapackprivate.com ***and via a Current Report on Form 8-K on the website of the Securities and Exchange Commission at <u>www.sec.gov</u>.*** 

The Company recorded net income of $12.2 million and diluted earnings per share ("EPS") of $0.69 for the quarter ended December 31, 2025, which is an increase of 26%, compared to net income of $9.6 million and diluted EPS of $0.54 for the quarter ended September 30, 2025.

Net income for the twelve-month period ended December 31, 2025 grew by 13% to $37.3 million, or $2.10 per share, compared to $33.0 million, or $1.85 per share for the twelve months ended December 31, 2024.

Total deposits grew by a net amount of $460 million, or 8%, over the last twelve months to $6.6 billion at December 31, 2025. Core relationship deposits increased $828 million for the year, as the Company continues to replace higher-cost deposit balances with new relationships at a lower funding cost. Noninterest-bearing deposit growth was strong throughout the year increasing by $316 million, or 28%, during 2025. Total loans grew by $738 million, or 13%, to $6.3 billion during the twelve-month period ended December 31, 2025. Loans were originated at a weighted average coupon of 6.60% during the year, resulting in an incremental spread of more than 400 basis points on new business when compared to funding sources in 2025.

Net interest income increased $6.0 million, or 12%, on a linked quarter basis to $56.5 million for the fourth quarter of 2025 compared to $50.6 million for the third quarter of 2025. The growth in net interest income was driven by improvement in the cost on average interest-bearing liabilities, as well as continued improvement in the net interest margin. The net interest margin ("NIM") increased to 3.08% for the quarter ended December 31, 2025 compared to 2.81% for the quarter ended September 30, 2025 and 2.46% for the quarter ended December 31, 2024.

Douglas L. Kennedy, President and CEO stated, "Our fourth quarter results demonstrate our ability to digest significant investments over a short period of time while delivering earnings growth, improved operating leverage, and meaningful shareholder value. Strong core deposit growth, disciplined pricing, and consistent execution have driven eight consecutive quarters of net interest income growth and continued expansion in our net interest margin. The transformation of our deposit base is a key differentiator for Peapack Private."

Mr. Kennedy added, "Anchored by a $13 billion wealth management franchise, our private banking model continues to deliver stable fee income, deeper client relationships, and long-term growth opportunities. We believe Peapack Private Bank & Trust is the premier boutique alternative to the mega banks in metro New York, and the success of our expansion efforts continue to exceed expectations affirming this belief."

The following are select highlights for the period ended December 31, 2025:

**<u>Commercial Banking and Balance Sheet Management:</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total loans increased $738 million to $6.3 billion at December 31, 2025 from $5.5 billion at December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Commercial and industrial lending ("C&I") accounted for 55% of new business originations during the fourth quarter. C&I balances represented 44% of the total loan portfolio at December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total deposits increased by $460 million, to $6.6 billion at December 31, 2025 compared to $6.1 billion at December 31, 2024. Noninterest-bearing demand deposits grew $105 million during the fourth quarter ($316 million year-to-date).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Fee income on unused commercial lines of credit totaled $908,000 for Q4 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•The NIM expanded to 3.08% for Q4 2025, an increase of 27 basis points compared to 2.81% for Q3 2025.

**<u>Wealth Management:</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•AUM/AUA in our Wealth Management Division grew by $1.2 billion to $13.1 billion at December 31, 2025 compared to $11.9 billion at December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•New business inflows totaled $291 million in Q4 2025 and $1.0 billion for the full year 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Wealth Management fee income was $16.1 million in Q4 2025, which amounted to 21% of total revenue for the quarter.

**<u>Capital Management:</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Tangible book value per share increased 10% to $34.99 per share at December 31, 2025 compared to $31.89 at December 31, 2024. Book value per share increased 9% to $37.49 per share at December 31, 2025 compared to $34.45 at December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•At December 31, 2025, the Tier 1 Leverage Ratio was 9.89% for Peapack Private Bank & Trust (the "Bank") and 8.87% for the Company. The Common Equity Tier 1 Ratio was 11.52% for the Bank and 10.33% for the Company at December 31, 2025. These ratios remain significantly above well capitalized standards, as capital continues to benefit from net income generation.

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**<u>SUMMARY INCOME STATEMENT DETAILS:</u>**

The following tables summarize specified financial details for the periods shown.

**December 2025 Compared to Prior Year**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Year Ended** | **Year Ended** |  |  |
|  | **Dec 31,** | **Dec 31,** | **Increase/** | **Increase/** |
| **(Dollars in millions, except per share data) (unaudited)** | **2025** | **2024** | **(Decrease)** | **(Decrease)** |
| Net interest income | $200.9 | $149.0 | $51.9 | 35% |
| Wealth management fee income | 63.2 | 61.5 | 1.8 | 3 |
| Capital markets activity | 3.0 | 2.4 | 0.6 | 26 |
| Other income | 15.8 | 15.3 | 0.6 | 4 |
| Total other income | 82.1 | 79.1 | 3.0 | 4 |
| Total Revenue | 283.0 | 228.1 | 54.9 | 24% |
| Operating expenses | 207.2 | 175.7 | 31.5 | 18 |
| Pretax income before provision for credit losses | 75.8 | 52.5 | 23.4 | 45 |
| Provision for credit losses | 23.5 | 7.5 | 16.0 | 214 |
| Pretax income | 52.3 | 45.0 | 7.4 | 16 |
| Income tax expense | 15.0 | 12.0 | 3.0 | 25 |
| Net income | $37.3 | $33.0 | 4.3 | 13% |
| Diluted EPS | $2.10 | $1.85 | $0.25 | 14% |
| Return on average assets | 0.52% | 0.50% | 0.02 |  |
| Return on average equity | 5.95% | 5.61% | 0.34 |  |

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**December 2025 Quarter Compared to Prior Year Quarter**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |  |  |
|  | **Dec 31,** | **Dec 31,** | **Increase/** | **Increase/** |
| **(Dollars in millions, except per share data) (unaudited)** | **2025** | **2024** | **(Decrease)** | **(Decrease)** |
| Net interest income | $56.5 | $41.9 | $14.6 | 35% |
| Wealth management fee income | 16.1 | 15.5 | 0.6 | 4 |
| Capital markets activity | 0.9 | 0.1 | 0.8 | 691 |
| Other income | 4.7 | 4.3 | 0.4 | 9 |
| Total other income | 21.7 | 19.9 | 1.7 | 9 |
| Total Revenue | 78.2 | 61.8 | 16.4 | 26% |
| Operating expenses | 53.5 | 47.9 | 5.7 | 12 |
| Pretax income before provision for credit losses | 24.7 | 14.0 | 10.7 | 76 |
| Provision for credit losses | 7.7 | 1.7 | 5.9 | 341 |
| Pretax income | 17.0 | 12.2 | 4.8 | 39 |
| Income tax expense | 4.8 | 3.0 | 1.8 | 61 |
| Net income | $12.2 | $9.2 | $2.9 | 32% |
| Diluted EPS | $0.69 | $0.52 | $0.17 | 33% |
| Return on average assets annualized | 0.65% | 0.54% | 0.11 |  |
| Return on average equity annualized | 7.51% | 6.15% | 1.36 |  |

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**December 2025 Quarter Compared to Linked Quarter**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |  |  |
|  | **Dec 31,** | **Sept 30,** | **Increase/** | **Increase/** |
| **(Dollars in millions, except per share data) (unaudited)** | **2025** | **2025** | **(Decrease)** | **(Decrease)** |
| Net interest income | $56.5 | $50.6 | $6.0 | 12% |
| Wealth management fee income | 16.1 | 15.8 | 0.3 | 2 |
| Capital markets activity | 0.9 | 0.9 | (0.0) | (3) |
| Other income | 4.7 | 3.4 | 1.3 | 38 |
| Total other income | 21.7 | 20.1 | 1.5 | 8 |
| Total Revenue | 78.2 | 70.7 | 7.5 | 11% |
| Operating expenses | 53.5 | 52.3 | 1.2 | 2 |
| Pretax income before provision for credit losses | 24.7 | 18.4 | 6.3 | 34 |
| Provision for credit losses | 7.7 | 4.8 | 2.9 | 60 |
| Pretax income | 17.0 | 13.6 | 3.4 | 25 |
| Income tax expense | 4.8 | 4.0 | 0.9 | 22 |
| Net income | $12.2 | $9.6 | $2.5 | 26% |
| Diluted EPS | $0.69 | $0.54 | $0.15 | 28% |
| Return on average assets annualized | 0.65% | 0.53% | 0.12 |  |
| Return on average equity annualized | 7.51% | 6.12% | 1.39 |  |

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**<u>SUPPLEMENTAL QUARTERLY DETAILS</u><u>:</u>**

**Wealth Management** 

AUM/AUA in the Bank's Wealth Management Division increased to $13.1 billion at December 31, 2025 compared to $11.9 billion at December 31, 2024. For the December 2025 quarter, the Wealth Management Team generated $16.1 million in fee income, compared to $15.8 million for the September 30, 2025 quarter and $15.5 million for the December 2024 quarter.

John Babcock, President of the Bank's Wealth Management Division, noted, "Our Wealth Management business delivered another strong quarter, driven by continued client inflows and the depth of our advisory relationships. We ended the year with a record $13.1 billion in assets under management and administration, reflecting both organic growth and market appreciation. Our integrated wealth platform, combined with our high-touch service model, continues to resonate with high-net-worth clients across our market."

**Loans / Commercial Banking** 

Total loans increased $738 million, or 13%, to $6.3 billion at December 30, 2025, compared to $5.5 billion at December 31, 2024, primarily driven by commercial and industrial loan originations during the year. C&I growth was driven by business expansion and capital investment. Total C&I loans and leases at December 31, 2025 were $2.7 billion or 44% of the total loan portfolio.

Mr. Kennedy noted, "Loan growth during the quarter was driven by our core C&I franchise, including equipment finance, where we continue to see strong demand from well-capitalized middle-market clients. We are scaling our C&I platform while maintaining disciplined underwriting standards and reducing reliance on higher-risk segments, which we believe positions the loan portfolio for durable, risk-adjusted growth. Our Commercial Real Estate lending team also contributed to the growth in the period focusing on clients that bring a complete relationship to Peapack Private."

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**Net Interest Income (NII)/Net Interest Margin (NIM)**

The Company's NII of $56.5 million and NIM of 3.08% for Q4 2025 increased $6.0 million and 27 basis points from NII of $50.6 million and NIM of 2.81% for the linked quarter (Q3 2025) and increased $14.6 million and 62 basis points from NII of $41.9 million and NIM of 2.46% compared to the prior year period (Q4 2024). Our single point of contact private banking strategy and metro New York City expansion continues to deliver lower-cost core deposit relationships resulting in consistent improvement in our cost of funds and net interest margin.

**Funding / Liquidity / Interest Rate Risk Management**

Total deposits increased $460 million to $6.6 billion at December 31, 2025 from $6.1 billion at December 31, 2024. The growth in deposits strengthened balance sheet liquidity and significantly reduced reliance on outside borrowings and other non-core funding sources. Outstanding overnight borrowings totaled $73.3 million at December 31, 2025.

At December 31, 2025, the Company's balance sheet liquidity totaled $990 million, or 13% of total assets. The Company maintains additional liquidity resources of approximately $3.6 billion through secured available borrowing facilities with the Federal Home Loan Bank and the Federal Reserve Discount Window. The available funding from the Federal Home Loan Bank and the Federal Reserve are secured by the Company's loan and investment portfolios. The Company's total on and off-balance sheet liquidity totaled $4.6 billion at December 31, 2025, which amounted to 244% of the total uninsured/uncollateralized deposits currently on the Company's balance sheet.

**Income from Capital Markets Activities** 

Noninterest income from Capital Markets activities (detailed below) totaled $873,000 for the December 2025 quarter compared to $901,000 for the September 2025 quarter and $114,000 for the December 2024 quarter. The third quarter of 2025 included revenue from a corporate advisory transaction in the amount of $639,000.

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| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Dec 31,** | **Sept 30,** | **Dec 31,** |
| **(Dollars in thousands, except per share data) (unaudited)** | **2025** | **2025** | **2024** |
| Gain on loans held for sale at fair value (Mortgage banking) | $36 | $6 | $58 |
| Fee income related to loan level, back-to-back swaps | 271 |  |  |
| Gain on sale of SBA loans | 558 | 203 |  |
| Corporate advisory fee income | 8 | 692 | 56 |
| Total capital markets activity | $873 | $901 | $114 |

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**Other Noninterest Income (other than Wealth Management Fee Income and Income from Capital Markets Activities)** 

Other noninterest income was $4.7 million for Q4 2025 compared to $3.4 million for Q3 2025 and $4.3 million for Q4 2024. Q4 2025 included income of $357,000 recorded by the Equipment Finance Division related to equipment transfers to lessees upon the termination of leases compared to income of $398,000 for Q3 2025 and $646,000 for Q4 2024. Additionally, Q4 2025 included $908,000 of unused line fees compared to $825,000 for Q3 2025 and $880,000 for Q4 2024. Other income also included a gain on sale of property of $318,000 in the fourth quarter of 2025.

**Operating Expenses**

Total operating expenses were $53.5 million for the fourth quarter of 2025, compared to $52.3 million for the third quarter of 2025 and $47.9 million for the quarter ended December 31, 2024. The increase during the fourth quarter was primarily driven by expenses associated with the Company's ongoing expansion into New York City and Long Island, including higher premises and equipment expenses. Premises and equipment expense increased by $465,000 in the fourth quarter of 2025 compared to the linked third quarter, primarily due to the opening of two new Long Island offices and related computer and software equipment investments. Loan expense increased $434,000, largely due to expenses related to the workout of several equipment finance problem loans of $305,000 for the quarter ended December 31, 2025.

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The addition of new members to our equipment financing team in the third quarter of 2025 also contributed to higher operating expenses. FDIC assessment expense increased for the three months ended December 31, 2025 due primarily to higher assessment rates implemented by the FDIC and an increase in the Bank's average total assets subject to assessment.

Mr. Kennedy noted, "While we continue to make targeted investments to support our expansion in Metro New York and enhance the client experience, we are seeing the pace of operating expense growth moderate as these initiatives mature. We remain focused on maintaining strong expense discipline while investing in areas that support long-term growth and profitability."

**Income Taxes**

The effective tax rate for the three months ended December 31, 2025 was 28.4%, as compared to 29.2% for the September 2025 quarter and 24.5% for the quarter ended December 31, 2024. The December 2024 quarter included the impact of discrete, favorable federal return to provision adjustments primarily related to the Company's state tax apportionment rate.

**Asset Quality / Provision for Credit Losses**

Nonperforming assets decreased to $68.2 million, or 0.91% of total assets, at December 31, 2025, compared to $84.1 million, or 1.13% of total assets, at September 30, 2025. The decrease in nonperforming assets during the fourth quarter was largely driven by the sale of two multifamily loans with balances totaling $12.5 million and one commercial loan with a balance of $2.7 million. Loans past due 30 to 89 days and still accruing decreased to $26.6 million, or 0.42% of total loans, at December 31, 2025 compared to $28.8 million, or 0.48% of total loans, at September 30, 2025. Criticized and classified loans decreased during the fourth quarter by $21.6 million to $169.9 million at December 31, 2025 compared to $191.5 million at September 30, 2025. The decline in criticized and classified loan balances was primarily driven by the reduction in nonperforming assets mentioned above. The Company currently has no loans or leases on deferral and still accruing.

For the quarter ended December 31, 2025, the provision for credit losses was $7.7 million compared to $4.8 million for the September 2025 quarter and $1.7 million for the December 2024 quarter. The increased provision for credit losses in the fourth quarter of 2025 was driven by an increase in specific reserves of approximately $5.8 million related to two multifamily loans and one C&I loan, as the Company continues to aggressively work to reduce nonperforming asset balances. Loan growth during the quarter drove the remaining balance of the provision.

At December 31, 2025, the allowance for credit losses ("ACL") was $71.0 million (1.14% of total loans), compared to $68.6 million (1.14% of total loans) at September 30, 2025, and $73.0 million (1.32% of total loans) at December 31, 2024. Charge-offs of $6.3 million during the period were associated with two multifamily loans that were sold in the fourth quarter. Specific reserves of $5.7 million, related to these charge-offs, had been established in prior periods.

Mr. Kennedy noted, "During the fourth quarter, we continued to proactively address problem credits, resulting in a meaningful reduction in nonperforming assets. We have committed to work through asset quality issues in a deliberate manner with an ultimate goal of preserving capital and maintaining appropriate reserve coverage."

**Capital** 

The Company's capital position increased during the fourth quarter of 2025 due to net income of $12.2 million and positive movement in accumulated other comprehensive income of $2.9 million related to the fair value of the Company's investment securities portfolio driven by the interest rate environment.

Tangible book value per share increased 10% to $34.99 per share at December 31, 2025 from $31.89 at December 31, 2024. Book value per share increased 9% to $37.49 per share at December 31, 2025 compared to $34.45 at December 31, 2024. The Company's and Bank's regulatory capital ratios as of December 31, 2025 remain strong. Where applicable, such ratios remain well above regulatory well capitalized standards.

The Company employs quarterly capital stress testing modeling of an adverse case and severely adverse case. In the most recently completed stress test (as of September 30, 2025), the Bank remains well capitalized over a two-year stress period.

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On December 18, 2025, the Company declared a cash dividend of $0.05 per share payable on February 26, 2026 to shareholders of record on February 12, 2026.

**ABOUT THE COMPANY**

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.5 billion and assets under management and/or administration of $13.1 billion as of December 31, 2025. Founded in 1921, Peapack Private Bank & Trust, a subsidiary of Peapack-Gladstone Financial Corporation, is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.

**FORWARD-LOOKING STATEMENTS**

The foregoing may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as "expect," "look," "believe," "anticipate," "may" or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the impact of anticipated higher operating expenses in 2026 and beyond;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our ability to successfully integrate wealth management firm and team acquisitions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our ability to successfully integrate our expanded employee base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•an unexpected decline in the economy, in particular in our New Jersey and New York market areas, including potential recessionary conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•declines in our net interest margin caused by the interest rate environment and/or our highly competitive market;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•declines in the value in our investment portfolio;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•impact from a pandemic event on our business, operations, customers, allowance for credit losses and capital levels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•higher than expected increases in our allowance for credit losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•changes in the methodology and assumptions used to calculate the allowance for credit losses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•higher than expected increases in credit losses or in the level of delinquent, nonperforming, classified and criticized loans or charge-offs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•inflation and changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and lead to higher operating costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•decline in real estate values within our market areas;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the imposition of tariffs or other domestic or international governmental policies and retaliatory responses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the impact of any federal government shutdown;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the failure to maintain current technologies and/or to successfully implement future information technology enhancements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•successful cyberattacks against our IT infrastructure and that of our IT and third-party providers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•higher than expected FDIC insurance premiums;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•adverse weather conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•the current or anticipated impact of military conflict, terrorism or other geopolitical events;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our inability to successfully generate new business in new geographic markets, including our expansion into New York City and Long Island;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•a reduction in our lower-cost funding sources;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•changes in liquidity, including the size and composition of our deposit portfolio, including the percentage of uninsured deposits in the portfolio;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our inability to adapt to technological changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•our inability to retain key employees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•demands for loans and deposits in our market areas;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•adverse changes in securities markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•changes in New York City rent regulation law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary and fiscal policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•changes in accounting policies and practices; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•other unexpected material adverse changes in our financial condition, operations or earnings.

A discussion of these and other factors that could affect our results is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2025. Except as may be required by the applicable law or regulation, we undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

 **(Tables to follow)**

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**SELECTED CONSOLIDATED FINANCIAL DATA**

**(Dollars in Thousands, except per share data)**

 **(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| **Income Statement Data:** |  |  |  |  |  |
| Interest income | $93984 | $92545 | $89651 | $86345 | $86166 |
| Interest expense | 37442 | 41972 | 41361 | 40840 | 44258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 56542 | 50573 | 48290 | 45505 | 41908 |
| Wealth management fee income | 16064 | 15798 | 15943 | 15435 | 15482 |
| Service charges and fees | 1317 | 1184 | 1194 | 1112 | 1323 |
| Capital markets revenue | 873 | 901 | 799 | 455 | 114 |
| Other income | 3405 | 2238 | 3515 | 1852 | 3009 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other income | 21659 | 20121 | 21451 | 18854 | 19928 |
| Total revenue | 78201 | 70694 | 69741 | 64359 | 61836 |
| Compensation expense | 28399 | 28613 | 28232 | 26315 | 25208 |
| Benefits expense | 8397 | 8143 | 7829 | 9564 | 7707 |
| Premises and equipment | 7142 | 6676 | 6641 | 6154 | 5995 |
| FDIC insurance expense | 1565 | 1345 | 1045 | 855 | 825 |
| Professional and legal fees | 1868 | 1972 | 1645 | 1190 | 2240 |
| Trust department expense | 1139 | 1111 | 1092 | 1043 | 1075 |
| Loan expense | 899 | 464 | 909 | 425 | 281 |
| Advertising | 329 | 651 | 919 | 154 | 802 |
| Other expenses | 3800 | 3322 | 3581 | 3740 | 3727 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 53538 | 52297 | 51893 | 49440 | 47860 |
| Pretax income before provision for credit losses | 24663 | 18397 | 17848 | 14919 | 13976 |
| Provision for credit losses | 7671 | 4790 | 6586 | 4471 | 1738 |
| Income before income taxes | 16992 | 13607 | 11262 | 10448 | 12238 |
| Income tax expense | 4833 | 3976 | 3321 | 2853 | 2998 |
| Net income | $12159 | $9631 | $7941 | $7595 | $9240 |
| **Per Common Share Data:** |  |  |  |  |  |
| Earnings per share (basic) | $0.69 | $0.55 | $0.45 | $0.43 | $0.53 |
| Earnings per share (diluted) | 0.69 | 0.54 | 0.45 | 0.43 | 0.52 |
| **Weighted average number of common<br> shares outstanding:** |  |  |  |  |  |
| Basic | 17558019 | 17576899 | 17704110 | 17610917 | 17585213 |
| Diluted | 17705355 | 17686979 | 17773237 | 17812222 | 17770717 |
| **Performance Ratios:** |  |  |  |  |  |
| Return on average assets annualized (ROAA) | 0.65% | 0.53% | 0.45% | 0.43% | 0.54% |
| Return on average equity annualized (ROAE) | 7.51% | 6.12% | 5.11% | 4.98% | 6.15% |
| Return on average tangible equity annualized (ROATCE) (A) | 8.06% | 6.59% | 5.50% | 5.37% | 6.65% |
| Net interest margin (tax-equivalent basis) | 3.08% | 2.81% | 2.77% | 2.68% | 2.46% |
| GAAP efficiency ratio (B) | 68.46% | 73.98% | 74.41% | 76.82% | 77.40% |
| Operating expenses / average assets annualized | 2.88% | 2.87% | 2.92% | 2.82% | 2.77% |

---

(A) Return on average tangible equity is calculated by dividing tangible equity by annualized net income. See non-GAAP financial measures reconciliation included in these tables.

(B) Calculated as total operating expenses as a percentage of total revenue. For non-GAAP efficiency ratio, see the non-GAAP financial measures reconciliation included in these tables.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**SELECTED CONSOLIDATED FINANCIAL DATA**

**(Dollars in Thousands, except per share data)**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the Twelve Months Ended** | **For the Twelve Months Ended** |  |  |
|  | **December 31,** | **December 31,** | **Change** | **Change** |
|  | **2025** | **2024** | **$** | **%** |
| **Income Statement Data:** |  |  |  |  |
| Interest income | $362525 | $327801 | $34724 | 11% |
| Interest expense | 161615 | 178795 | (17180) | -10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 200910 | 149006 | 51904 | 35% |
| Wealth management fee income | 63240 | 61458 | 1782 | 3% |
| Service charges and fees | 4807 | 5317 | (510) | -10% |
| Capital markets revenue | 3028 | 2409 | 619 | 26% |
| Other income | 11010 | 9938 | 1072 | 11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other income | 82085 | 79122 | 2963 | 4% |
| Total revenue | 282995 | 228128 | 54867 | 24% |
| Compensation expense | 111559 | 93408 | 18151 | 19% |
| Benefits expense | 33933 | 28917 | 5016 | 17% |
| Premises and equipment | 26613 | 22485 | 4128 | 18% |
| FDIC insurance expense | 4810 | 3510 | 1300 | 37% |
| Professional and legal fees | 6675 | 7309 | (634) | -9% |
| Trust department expense | 4385 | 4014 | 371 | 9% |
| Loan expense | 2697 | 1295 | 1402 | 108% |
| Advertising | 2053 | 2111 | (58) | -3% |
| Other expenses | 14443 | 12627 | 1816 | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 207168 | 175676 | 31492 | 18% |
| Pretax income before provision for credit losses | 75827 | 52452 | 23375 | 45% |
| Provision for credit losses | 23518 | 7500 | 16018 | 214% |
| Income before income taxes | 52309 | 44952 | 7357 | 16% |
| Income tax expense | 14983 | 11964 | 3019 | 25% |
| Net income | $37326 | $32988 | $4338 | 13% |
| **Per Common Share Data:** |  |  |  |  |
| Earnings per share (basic) | $2.12 | $1.87 | $0.25 | 13% |
| Earnings per share (diluted) | 2.10 | 1.85 | 0.25 | 14% |
| **Weighted average number of common shares outstanding:** |  |  |  |  |
| Basic | 17612244 | 17664640 | (52396) | 0% |
| Diluted | 17749879 | 17839761 | (89882) | -1% |
| **Performance Ratios:** |  |  |  |  |
| Return on average assets (ROAA) | 0.52% | 0.50% | 0.02% | 4% |
| Return on average equity (ROAE) | 5.95% | 5.61% | 0.34% | 6% |
| Return on average tangible equity (ROATCE) (A) | 6.40% | 6.08% | 0.32% | 5% |
| Net interest margin (tax-equivalent basis) | 2.84% | 2.32% | 0.52% | 22% |
| GAAP efficiency ratio (B) | 73.21% | 77.01% | (3.80)% | -5% |
| Operating expenses / average assets | 2.87% | 2.68% | 0.19% | 7% |

---

(A) Return on average tangible equity is calculated by dividing tangible equity by annualized net income. See non-GAAP financial measures reconciliation included in these tables.

(B) Calculated as total operating expenses as a percentage of total revenue. For non-GAAP efficiency ratio, see the non-GAAP financial measures reconciliation included in these tables.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**CONSOLIDATED STATEMENTS OF CONDITION**

**(Dollars in Thousands)**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| ASSETS |  |  |  |  |  |
| Cash and due from banks | $8712 | $8514 | $7524 | $7885 | $8492 |
| Interest-earning deposits | 179108 | 338672 | 308078 | 224032 | 382875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 187820 | 347186 | 315602 | 231917 | 391367 |
| Securities available for sale | 774203 | 756578 | 767533 | 832030 | 784544 |
| Securities held to maturity | 95862 | 97414 | 98623 | 100285 | 101635 |
| CRA equity security, at fair value | 13459 | 13403 | 13278 | 13236 | 13041 |
| FHLB and FRB stock, at cost (A) | 14605 | 11387 | 11467 | 12311 | 12373 |
| Residential mortgage | 648216 | 649523 | 649703 | 630245 | 614840 |
| Multifamily mortgage | 1862592 | 1796533 | 1794854 | 1775132 | 1799754 |
| Commercial mortgage | 774428 | 689166 | 643520 | 633957 | 588104 |
| Commercial and industrial loans | 2726379 | 2662661 | 2543092 | 2528235 | 2397699 |
| Consumer loans | 187360 | 171811 | 140668 | 140443 | 77785 |
| Home equity lines of credit | 59306 | 57166 | 52434 | 48301 | 42327 |
| Other loans | 342 | 405 | 261 | 359 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans | 6258623 | 6027265 | 5824532 | 5756672 | 5520920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Allowance for credit losses | 71039 | 68642 | 81770 | 75150 | 72992 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans | 6187584 | 5958623 | 5742762 | 5681522 | 5447928 |
| Premises and equipment | 39164 | 37756 | 36626 | 31639 | 28888 |
| Accrued interest receivable | 31971 | 34120 | 33209 | 31968 | 29898 |
| Bank owned life insurance | 47761 | 48381 | 48239 | 48110 | 47981 |
| Goodwill and other intangible assets | 43839 | 44111 | 44383 | 44655 | 44926 |
| Finance lease right-of-use assets | 844 | 879 | 914 | 950 | 985 |
| Operating lease right-of-use assets | 39886 | 37692 | 38291 | 39456 | 40289 |
| Other assets | 49411 | 52112 | 49746 | 52573 | 67383 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL ASSETS | $7526409 | $7439642 | $7200673 | $7120652 | $7011238 |
| LIABILITIES |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand deposits | $1428745 | $1323492 | $1237864 | $1184860 | $1112734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand deposits | 3448497 | 3509403 | 3483295 | 3450014 | 3334269 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 105123 | 104524 | 103846 | 107581 | 103136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market accounts | 1197995 | 1226506 | 1095665 | 1087959 | 1078024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – Retail | 408219 | 397338 | 440612 | 442369 | 483998 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – Listing Service | 400 | 899 | 1841 | 3773 | 6861 |
| Subtotal "customer" deposits | 6588979 | 6562162 | 6363123 | 6276556 | 6119022 |
| &nbsp;&nbsp;&nbsp;&nbsp;IB Demand – Brokered |  |  |  | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – Brokered |  |  |  |  |  |
| Total deposits | 6588979 | 6562162 | 6363123 | 6286556 | 6129022 |
| Short-term borrowings | 73267 |  |  |  |  |
| Finance lease liability | 1186 | 1227 | 1268 | 1308 | 1348 |
| Operating lease liability | 43294 | 41139 | 41806 | 42948 | 43569 |
| Subordinated debt, net | 99030 | 98981 | 98933 | 98884 | 133561 |
| Due to brokers |  | 25125 |  |  | 18514 |
| Other liabilities | 62447 | 68458 | 65766 | 69083 | 79375 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES | 6868203 | 6797092 | 6570896 | 6498779 | 6405389 |
| Shareholders' equity | 658206 | 642550 | 629777 | 621873 | 605849 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL LIABILITIES AND |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHAREHOLDERS' EQUITY | $7526409 | $7439642 | $7200673 | $7120652 | $7011238 |
| **Assets under management and / or administration at<br>Peapack Private Bank & Trust's Wealth Management<br>Division (market value, not included above-dollars in billions)** | $13.1 | $12.9 | $12.3 | $11.8 | $11.9 |

---

(A) FHLB means "Federal Home Loan Bank" and FRB means "Federal Reserve Bank."

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**SELECTED BALANCE SHEET DATA**

**(Dollars in Thousands)**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| **Asset Quality:** |  |  |  |  |  |
| Loans past due over 90 days and still accruing | $— | $— | $— | $— | $— |
| Nonaccrual loans | 68243 | 84142 | 114958 | 97170 | 100168 |
| Other real estate owned |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $68243 | $84142 | $114958 | $97170 | $100168 |
| Nonperforming loans to total loans | 1.09% | 1.40% | 1.97% | 1.69% | 1.81% |
| Nonperforming assets to total assets | 0.91% | 1.13% | 1.60% | 1.36% | 1.43% |
| Performing modifications (A)(B) | $95266 | $101501 | $111962 | $63259 | $45846 |
| Loans past due 30 through 89 days and still accruing | $26555 | $28817 | $15522 | $28323 | $4870 |
| Loans subject to special mention | $51027 | $56534 | $86907 | $75248 | $46518 |
| Classified loans | $118912 | $134982 | $145783 | $142273 | $145394 |
| Individually evaluated loans | $68243 | $84142 | $114958 | $97170 | $99775 |
| Allowance for credit losses ("ACL"): |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of quarter | $68642 | $81770 | $75150 | $72992 | $71283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses (C) | 7659 | 4871 | 6577 | 4494 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;(Charge-offs)/recoveries, net (D) | (5262) | (17999) | 43 | (2336) | (44) |
| &nbsp;&nbsp;&nbsp;&nbsp;End of quarter | $71039 | $68642 | $81770 | $75150 | $72992 |
| ACL to nonperforming loans | 104.10% | 81.58% | 71.13% | 77.34% | 72.87% |
| ACL to total loans | 1.14% | 1.14% | 1.40% | 1.31% | 1.32% |
| Collectively evaluated ACL to total loans (E) | 0.94% | 0.95% | 1.06% | 1.09% | 1.09% |

---

(A) Amounts reflect modifications that are paying according to modified terms.

(B) Excludes modifications included in nonaccrual loans of $36.0 million at December 31, 2025, $37.6 million at September 30, 2025, $38.1 million at June 30, 2025, $3.9 million at March 31, 2025 and $3.6 million at December 31, 2024.

(C) Excludes provision of $12,000 at December 31, 2025, a credit of $81,000 at September 30, 2025, provision of $9,000 at June 30, 2025, a credit of $23,000 at March 31, 2025 and a credit of $15,000 at December 31, 2024 related to off-balance sheet commitments.

(D) Includes charge-offs of $6.3 million related to two multifamily loans for the quarter ended December 31, 2025. Includes charge-offs of $6.7 million related to three multifamily loans and $11.3 million related to one equipment financing relationship for the quarter ended September 30, 2025.

(E) Total ACL less reserves to loans individually evaluated equals collectively evaluated ACL.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**SELECTED BALANCE SHEET DATA**

**(Dollars in Thousands)**

**(Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **Dec 31,** | **Sept 30,** | **Dec 31,** |
|  | **2025** | **2025** | **2024** |
| **Capital Adequacy** |  |  |  |
| Equity to total assets (A) | 8.75% | 8.64% | 8.64% |
| Tangible equity to tangible assets (B) | 8.21% | 8.09% | 8.05% |
| Book value per share (C) | $37.49 | $36.62 | $34.45 |
| Tangible book value per share (D) | $34.99 | $34.10 | $31.89 |

---

(A) Equity to total assets is calculated as total shareholders' equity as a percentage of total assets at quarter end.

(B) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders' equity and total assets, respectively. Tangible equity as a percentage of tangible assets at quarter end is calculated by dividing tangible equity by tangible assets at quarter end. See Non-GAAP financial measures reconciliation included in these tables.

(C) Book value per common share is calculated by dividing shareholders' equity by quarter end common shares outstanding.

(D) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by quarter end common shares outstanding. See Non-GAAP financial measures reconciliation tables.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Dec 31,** | **Dec 31,** | **Sept 30,** | **Sept 30,** | **Dec 31,** | **Dec 31,** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** | **2024** |
| **Regulatory Capital – Holding Company** |  |  |  |  |  |  |
| Tier I leverage | $660696 | 8.87% | $647549 | 8.86% | $625830 | 9.01% |
| Tier I capital to risk-weighted assets | 660696 | 10.33 | 647549 | 10.47 | 625830 | 11.51 |
| Common equity tier I capital ratio<br> to risk-weighted assets | 660637 | 10.33 | 647543 | 10.47 | 625824 | 11.51 |
| Tier I & II capital to risk-weighted assets | 811375 | 12.68 | 815770 | 13.20 | 806404 | 14.84 |
| **Regulatory Capital – Bank** |  |  |  |  |  |  |
| Tier I leverage (E) | $735931 | 9.89% | $722684 | 9.89% | $733389 | 10.57% |
| Tier I capital to risk-weighted assets (F) | 735931 | 11.52 | 722684 | 11.70 | 733389 | 13.50 |
| Common equity tier I capital ratio<br> to risk-weighted assets (G) | 735872 | 11.52 | 722678 | 11.70 | 733383 | 13.50 |
| Tier I & II capital to risk-weighted assets (H) | 807580 | 12.64 | 791924 | 12.82 | 801365 | 14.75 |

---

(E) Regulatory well capitalized standard (including capital conservation buffer) = 4.00% ($298 million)

(F) Regulatory well capitalized standard (including capital conservation buffer) = 8.50% ($543 million)

(G) Regulatory well capitalized standard (including capital conservation buffer) = 7.00% ($447 million)

(H) Regulatory well capitalized standard (including capital conservation buffer) = 10.50% ($671 million)

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**LOANS CLOSED**

**(Dollars in Thousands)**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** | **For the Quarters Ended** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| Residential loans retained | $18993 | $18323 | $34990 | $25157 | $39279 |
| Residential loans sold | 2544 | 445 | 1712 | 4074 | 4220 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total residential loans | 21537 | 18768 | 36702 | 29231 | 43499 |
| Commercial real estate | 130790 | 78825 | 24086 | 47280 | 15800 |
| Multifamily | 100611 | 47991 | 73350 | 6800 | 12550 |
| Commercial (C&I) loans (A) (B) | 358468 | 453554 | 200671 | 257282 | 432115 |
| SBA | 2666 | 6821 | 7090 | 5928 | 5964 |
| Wealth lines of credit (A) | 3925 | 2700 | 2400 | 9900 | 550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 596460 | 589891 | 307597 | 327190 | 466979 |
| Installment loans | 40428 | 47115 | 8164 | 76941 | 7182 |
| Home equity lines of credit (A) | 3929 | 11755 | 5154 | 4805 | 10236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans closed | $662354 | $667529 | $357617 | $438167 | $527896 |

---

---

| | | |
|:---|:---|:---|
|  | **For the Twelve Months Ended** | **For the Twelve Months Ended** |
|  | **Dec 31,** | **Dec 31,** |
|  | **2025** | **2024** |
| Residential loans retained | $97463 | $93982 |
| Residential loans sold | 8775 | 12459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total residential loans | 106238 | 106441 |
| Commercial real estate | 280981 | 34200 |
| Multifamily | 228752 | 30075 |
| Commercial (C&I) loans (A) (B) | 1269975 | 923812 |
| SBA | 22505 | 26060 |
| Wealth lines of credit (A) | 18925 | 27025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial loans | 1821138 | 1041172 |
| Installment loans | 172648 | 23851 |
| Home equity lines of credit (A) | 25643 | 27547 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans closed | $2125667 | $1199011 |

---

(A) Includes loans and lines of credit that closed in the period but not necessarily funded.

(B) Includes equipment finance.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**AVERAGE BALANCE SHEET**

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **Dec 31, 2025** | **Dec 31, 2025** | **Dec 31, 2025** | **Dec 31, 2024** | **Dec 31, 2024** | **Dec 31, 2024** |
|  | **Average** | **Income/** | **Annualized** | **Average** | **Income/** | **Annualized** |
|  | **Balance** | **Expense** | **Yield** | **Balance** | **Expense** | **Yield** |
| ASSETS: |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable (A) | $958470 | $7426 | 3.10% | $937314 | $6992 | 2.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt (A) (B) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans (B) (C): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 646533 | 7469 | 4.62 | 593454 | 6181 | 4.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgages | 2521899 | 29727 | 4.72 | 2364893 | 25876 | 4.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 2674515 | 43089 | 6.44 | 2274408 | 39394 | 6.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial construction | 252 | 5 | 7.94 | 11698 | 146 | 4.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installment | 181182 | 3122 | 6.89 | 77547 | 1290 | 6.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 57781 | 1040 | 7.20 | 41496 | 815 | 7.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 487 | 5 | 4.28 | 329 | 5 | 6.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 6082649 | 84457 | 5.55 | 5363825 | 73707 | 5.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-earning deposits | 272711 | 2330 | 3.42 | 513010 | 5722 | 4.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 7313830 | 94213 | 5.15% | 6814149 | 86421 | 5.07% |
| Noninterest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 8412 |  |  | 8913 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (68024) |  |  | (72455) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment | 38252 |  |  | 28051 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 135915 |  |  | 123283 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 114555 |  |  | 87792 |  |  |
| Total assets | $7428385 |  |  | $6901941 |  |  |
| LIABILITIES: |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | $3647796 | $26375 | 2.89% | $3332212 | $30304 | 3.64% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money markets | 1059749 | 6983 | 2.64 | 986483 | 6892 | 2.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 104033 | 173 | 0.67 | 102820 | 108 | 0.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – retail | 390446 | 2948 | 3.02 | 508257 | 5222 | 4.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal interest-bearing deposits | 5202024 | 36479 | 2.80 | 4929772 | 42526 | 3.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand – brokered |  |  |  | 10000 | 129 | 5.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – brokered |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5202024 | 36479 | 2.80 | 4939772 | 42655 | 3.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 2727 | 27 | 3.96 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital lease obligation | 1201 | 13 | 4.33 | 1362 | 14 | 4.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 99004 | 923 | 3.73 | 133521 | 1589 | 4.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 5304956 | 37442 | 2.82% | 5074655 | 44258 | 3.49% |
| Noninterest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 1359724 |  |  | 1114427 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 116060 |  |  | 112051 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 1475784 |  |  | 1226478 |  |  |
| Shareholders' equity | 647645 |  |  | 600808 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $7428385 |  |  | $6901941 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income |  | $56771 |  |  | $42163 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest spread |  |  | 2.33% |  |  | 1.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin (D) |  |  | 3.08% |  |  | 2.46% |

---

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(C) Loans are stated net of unearned income and include nonaccrual loans.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**AVERAGE BALANCE SHEET**

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **Dec 31, 2025** | **Dec 31, 2025** | **Dec 31, 2025** | **Sept 30, 2025** | **Sept 30, 2025** | **Sept 30, 2025** |
|  | **Average** | **Income/** | **Annualized** | **Average** | **Income/** | **Annualized** |
|  | **Balance** | **Expense** | **Yield** | **Balance** | **Expense** | **Yield** |
| ASSETS: |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable (A) | $958470 | $7426 | 3.10% | $963706 | $7504 | 3.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt (A) (B) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans (B) (C): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 646533 | 7469 | 4.62 | 650299 | 7337 | 4.51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgages | 2521899 | 29727 | 4.72 | 2458008 | 28447 | 4.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 2674515 | 43089 | 6.44 | 2586780 | 42790 | 6.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial construction | 252 | 5 | 7.94 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installment | 181182 | 3122 | 6.89 | 156471 | 2718 | 6.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 57781 | 1040 | 7.20 | 53781 | 1020 | 7.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 487 | 5 | 4.28 | 363 | 5 | 5.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 6082649 | 84457 | 5.55 | 5905702 | 82317 | 5.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-earning deposits | 272711 | 2330 | 3.42 | 304681 | 2960 | 3.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 7313830 | 94213 | 5.15% | 7174089 | 92781 | 5.17% |
| Noninterest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 8412 |  |  | 12279 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (68024) |  |  | (82803) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment | 38252 |  |  | 37608 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 135915 |  |  | 136238 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 114555 |  |  | 103322 |  |  |
| Total assets | $7428385 |  |  | $7277411 |  |  |
| LIABILITIES: |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | $3647796 | $26375 | 2.89% | $3640088 | $29975 | 3.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money markets | 1059749 | 6983 | 2.64 | 1005633 | 7225 | 2.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 104033 | 173 | 0.67 | 104777 | 178 | 0.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – retail | 390446 | 2948 | 3.02 | 429389 | 3657 | 3.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal interest-bearing deposits | 5202024 | 36479 | 2.80 | 5179887 | 41035 | 3.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand – brokered |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – brokered |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5202024 | 36479 | 2.80 | 5179887 | 41035 | 3.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 2727 | 27 | 3.96 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital lease obligation | 1201 | 13 | 4.33 | 1242 | 13 | 4.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 99004 | 923 | 3.73 | 98954 | 924 | 3.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 5304956 | 37442 | 2.82% | 5280083 | 41972 | 3.18% |
| Noninterest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 1359724 |  |  | 1261607 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 116060 |  |  | 106630 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 1475784 |  |  | 1368237 |  |  |
| Shareholders' equity | 647645 |  |  | 629091 |  |  |
| Total liabilities and shareholders' equity | $7428385 |  |  | $7277411 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income |  | $56771 |  |  | $50809 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest spread |  |  | 2.33% |  |  | 1.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin (D) |  |  | 3.08% |  |  | 2.81% |

---

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(C) Loans are stated net of unearned income and include nonaccrual loans.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**AVERAGE BALANCE SHEET**

(Tax-Equivalent Basis, Dollars in Thousands)

(Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Twelve Months Ended** | **For the Twelve Months Ended** | **For the Twelve Months Ended** | **For the Twelve Months Ended** | **For the Twelve Months Ended** | **For the Twelve Months Ended** |
|  | **Dec 31, 2025** | **Dec 31, 2025** | **Dec 31, 2025** | **Dec 31, 2024** | **Dec 31, 2024** | **Dec 31, 2024** |
|  | **Average** | **Income/** |  | **Average** | **Income/** |  |
|  | **Balance** | **Expense** | **Yield** | **Balance** | **Expense** | **Yield** |
| ASSETS: |  |  |  |  |  |  |
| Interest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable (A) | $997712 | $31513 | 3.16% | $849933 | $23402 | 2.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt (A) (B) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans (B) (C): |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 638855 | 28615 | 4.48 | 582024 | 23017 | 3.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial mortgages | 2448097 | 111744 | 4.56 | 2406726 | 107659 | 4.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial | 2559260 | 167998 | 6.56 | 2216401 | 151610 | 6.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial construction | 63 | 5 | 7.94 | 18647 | 1570 | 8.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Installment | 146553 | 10036 | 6.85 | 70852 | 4814 | 6.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home equity | 52068 | 3851 | 7.40 | 38321 | 3113 | 8.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 376 | 20 | 5.40 | 246 | 25 | 10.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans | 5845272 | 322269 | 5.51 | 5333217 | 291808 | 5.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal funds sold |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-earning deposits | 262985 | 9684 | 3.68 | 297448 | 13644 | 4.59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 7105969 | 363466 | 5.11% | 6480598 | 328854 | 5.07% |
| Noninterest-earning assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 9335 |  |  | 8517 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses | (75515) |  |  | (69372) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment | 35358 |  |  | 25705 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 132386 |  |  | 110938 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 101564 |  |  | 75788 |  |  |
| Total assets | $7207533 |  |  | $6556386 |  |  |
| LIABILITIES: |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking | $3573710 | $113543 | 3.18% | $3149550 | $118497 | 3.76% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money markets | 999858 | 27470 | 2.75 | 842606 | 24851 | 2.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 104744 | 616 | 0.59 | 105351 | 410 | 0.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – retail | 433633 | 14970 | 3.45 | 500842 | 20983 | 4.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subtotal interest-bearing deposits | 5111945 | 156599 | 3.06 | 4598349 | 164741 | 3.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing demand – brokered | 4740 | 210 | 4.43 | 10000 | 523 | 5.22 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit – brokered |  |  |  | 58425 | 2950 | 5.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 5116685 | 156809 | 3.06 | 4666774 | 168214 | 3.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 12067 | 543 | 4.50 | 65299 | 3848 | 5.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital lease obligation | 1262 | 53 | 4.20 | 2207 | 89 | 4.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;Subordinated debt | 105781 | 4210 | 3.98 | 133413 | 6644 | 4.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 5235795 | 161615 | 3.09% | 4867693 | 178795 | 3.67% |
| Noninterest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 1229755 |  |  | 998497 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 114613 |  |  | 102197 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 1344368 |  |  | 1100694 |  |  |
| Shareholders' equity | 627370 |  |  | 587999 |  |  |
| Total liabilities and shareholders' equity | $7207533 |  |  | $6556386 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income |  | $201851 |  |  | $150059 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest spread |  |  | 2.02% |  |  | 1.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin (D) |  |  | 2.84% |  |  | 2.32% |

---

(A) Average balances for available for sale securities are based on amortized cost.

(B) Interest income is presented on a tax-equivalent basis using a 21% federal tax rate.

(C) Loans are stated net of unearned income and include nonaccrual loans.

(D) Net interest income on a tax-equivalent basis as a percentage of total average interest-earning assets.

------

**PEAPACK-GLADSTONE FINANCIAL CORPORATION**

**NON-GAAP FINANCIAL MEASURES RECONCILIATION**

Tangible book value per share and tangible equity as a percentage of tangible assets at period end are non-GAAP financial measures derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from shareholders' equity and total assets, respectively. We calculate tangible book value per share by dividing tangible equity by common shares outstanding, as compared to book value per common share, which we calculate by dividing shareholders' equity by common shares outstanding at period end. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios.

The efficiency ratio is a non-GAAP measure of expense control relative to recurring revenue. We calculate the efficiency ratio by dividing total noninterest expenses, excluding other real estate owned provision, as determined under GAAP, by net interest income and total noninterest income as determined under GAAP, but excluding net gains/(losses) on loans held for sale at lower of cost or fair value and excluding net gains on securities from this calculation, which we refer to below as recurring revenue. We believe that this provides a reasonable measure of core expenses relative to core revenue.

We believe these non-GAAP financial measures provide information that is important to investors and useful in understanding our financial position, results and ratios because our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titles measures reported by other companies. A reconciliation of the non-GAAP measures of tangible common equity, tangible book value per share and efficiency ratio to the underlying GAAP numbers is set forth below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
| **Tangible Book Value Per Share** | **2025** | **2025** | **2025** | **2024** | **2024** |
| Shareholders' equity | $658206 | $642550 | $629777 | $621873 | $605849 |
| Less: Intangible assets, net | 43839 | 44111 | 44383 | 44655 | 44926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible equity | $614367 | $598439 | $585394 | $577218 | $560923 |
| Period end shares outstanding | 17558019 | 17548471 | 17636264 | 17726251 | 17586616 |
| Tangible book value per share | $34.99 | $34.10 | $33.19 | $32.56 | $31.89 |
| Book value per share | 37.49 | 36.62 | 35.71 | 35.08 | 34.45 |
| **Tangible Equity to Tangible Assets** |  |  |  |  |  |
| Total assets | $7526409 | $7439642 | $7200673 | $7120652 | $7011238 |
| Less: Intangible assets, net | 43839 | 44111 | 44383 | 44655 | 44926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tangible assets | $7482570 | $7395531 | $7156290 | $7075997 | $6966312 |
| Tangible equity to tangible assets | 8.21% | 8.09% | 8.18% | 8.16% | 8.05% |
| Equity to assets | 8.75% | 8.64% | 8.75% | 8.73% | 8.64% |

---

------

(Dollars in thousands, except per share data)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
| **Return on Average Tangible Equity** | **2025** | **2025** | **2025** | **2025** | **2024** |
| Net income | $12159 | $9631 | $7941 | $7595 | $9240 |
| Average shareholders' equity | $647645 | $629091 | $621900 | $610573 | $600808 |
| Less: Average intangible assets, net | 43982 | 44266 | 44538 | 44815 | 45079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average tangible equity | $603663 | $584825 | $577362 | $565758 | $555729 |
| Return on average tangible common equity | 8.06% | 6.59% | 5.50% | 5.37% | 6.65% |

---

(Dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **For the Twelve Months Ended** | **For the Twelve Months Ended** |
|  | **Dec 31,** | **Dec 31,** |
| **Return on Average Tangible Equity** | **2025** | **2024** |
| Net income | $37326 | $32988 |
| Average shareholders' equity | $627370 | $587999 |
| Less: Average intangible assets, net | 44397 | 45488 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average tangible equity | 582973 | 542511 |
| Return on average tangible common equity | 6.40% | 6.08% |

---

(Dollars in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **Dec 31,** | **Sept 30,** | **June 30,** | **March 31,** | **Dec 31,** |
| **Efficiency Ratio** | **2025** | **2025** | **2025** | **2025** | **2024** |
| Net interest income | $56542 | $50573 | $48290 | $45505 | $41908 |
| Total other income | 21659 | 20121 | 21451 | 18854 | 19928 |
| Add: |  |  |  |  |  |
| Fair value adjustment for CRA equity security | (56) | (125) | (42) | (195) | (549) |
| Less: |  |  |  |  |  |
| Loss on loans held for sale at lower of cost or fair value |  | 364 |  |  |  |
| Income from life insurance proceeds | (161) |  |  |  |  |
| Gain on securities sale, net |  |  | (7) |  |  |
| Gain on sale of property | (318) |  |  |  |  |
| Gain on lease termination |  |  | (875) |  |  |
| Total recurring revenue | 77666 | 70933 | 68817 | 64164 | 61287 |
| Operating expenses | 53538 | 52297 | 51893 | 49440 | 47860 |
| Total operating expense | 53538 | 52297 | 51893 | 49440 | 47860 |
| Efficiency ratio | 68.93% | 73.73% | 75.41% | 77.05% | 78.09% |

---

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(Dollars in thousands)

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| | | |
|:---|:---|:---|
|  | **For the Twelve Months Ended** | **For the Twelve Months Ended** |
|  | **Dec 31,** | **Dec 31,** |
| **Efficiency Ratio** | **2025** | **2024** |
| Net interest income | $200910 | $149006 |
| Total other income | 82085 | 79122 |
| Add: |  |  |
| Fair value adjustment for CRA equity security | (418) | (828) |
| Less: |  |  |
| Loss/(gain) on loans held for sale at lower of cost or fair value | 364 | (23) |
| Income from life insurance proceeds | (161) | (236) |
| Gain on securities sale, net | (7) |  |
| Gain on sale of property | (318) |  |
| Gain on lease termination | (875) |  |
| Total recurring revenue | 281580 | 227041 |
| Operating expenses | 207168 | 175676 |
| Total operating expense | 207168 | 175676 |
| Efficiency ratio | 73.57% | 77.38% |

---

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## Exhibit 99.2

![Slide 1](pgc-ex99_2s1.jpg)

The Q4 2025 Investor Update should be read in conjunction with the Q4 2025 Earnings Release issued on January 29, 2026. Investor Update Q4 2025 Exhibit 99.2

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![Slide 2](pgc-ex99_2s2.jpg)

Year in Review: Disciplined ExecutionPrudent growth and balance sheet management is delivering excellent shareholder value The decision to expand throughout the Metropolitan New York region has transformed our balance sheet and created the foundation for future growth. Core relationship deposit1 growth meaningfully reshaped the funding mix, including $316 million of NIB growth (+28%), strengthening earnings durability and reducing reliance on higher-cost funding. NIM improvement reflects disciplined asset growth and funding optimization, as loan growth at attractive spreads and materially lower deposit costs – driven by strong down-cycle betas – reflect the core strength of the deposit franchise. Earnings growth translated directly into shareholder value, with EPS up 33% YoY and TBVPS up 10%, while maintaining balance sheet flexibility to support future growth. Q4 2024 (annualized) Q4 2025 (annualized) YoY Change Core Earnings2 $56MM  $99MM + 76% NII Growth $168MM  $226MM + 35% NIM 2.46%  3.08% + 25% EPS $2.08  $2.76 + 33% TBVPS3 (spot) $31.89  $34.99 + 10% Core Relationship Deposit1 Growth +23% (2-Year CAGR) 2025: +16% ($828MM) \| Past Two Years: +50% ($2B+) Transformed funding base through remixing NIB up $316MM of $460MM total in 2025 (now 22% of deposits) 69% Beta (cycle-to-date) and 92% in Q4'25 Significant Loan Growth across Core Competencies Total Loans: +13% ($738MM) \| C&I: +14% ($329MM) Growth was 70% fixed rate and 30% variable rate, providing a natural hedge to structural funding changes Strong Liquidity Profile with Purposeful Utilization 95% L/D \| 13% Liquidity Ratio \| $4.6B+ Available Lines Aggressively Managing Credit: NPAs ↓ 41% Nonperforming assets are down 41% in the second half of '25 Excellent Earnings Momentum Strong & Growing Balance Sheet Results driven by structural balance sheet improvement, not short-term rate tailwinds. See page 21 for notes and important information.

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![Slide 3](pgc-ex99_2s3.jpg)

Metro New York Expansion TimelineStrategic expansion during industry stress creating long-term value Annualized PPNR ($ millions) March 2023 – July 2023: Three large bank failures and rapid increase in Fed Funds bring industry-wide volatility April 2024: Hired 13 teams and leadership for NYC May 2023: Hired a team of seasoned bankers in NYC April 2024 – Present: Execution & Inflection April 2025: NYC financial center Flagship opened The decision to expand in New York City during industry stress has translated into: Earnings inflection following NYC buildout March – Summer 2025: Hired new Head of CRE, Head of Equipment Finance & Senior Wealth Advisors January 2025: Rebranded as Peapack Private Bank & Trust Enhanced funding profile Balance sheet remix Disciplined lending Margin expansion Expense normalization Positive operating leverage

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![Slide 4](pgc-ex99_2s4.jpg)

Fourth Quarter 2025 HighlightsDelivering improved earnings & balance sheet momentum See page 21 for notes and important information. Earnings Performance Balance Sheet Momentum Earnings Momentum Our Metropolitan NY Regional Expansion EPS of $0.69, up 28% QoQ and up 53% over the past two quarters, reflecting continued earnings momentum Core earnings1 increased for a fifth consecutive quarter, up 34% QoQ, driven by higher 12% QoQ growth in NII and normalized expenses Net interest margin expanded 27 bps QoQ to 3.08%, supported by a 92% quarterly deposit beta and continued asset growth at attractive spreads2 Efficiency ratio improved to 68%, reflecting a fifth straight quarter of positive operating leverage3 Performance continues to exceed expectations, with strong relationship, deposit, and loan activity 925+ new relationships $1.9 billion in deposits (31% NIB), average $2.1 million relationship size $1.3 billion in loans (including commitments) Regional flagship offices in New York City, Westchester & Long Island in 2025 New business pipelines remain robust, supporting continued steady growth Balance Sheet Strength & Growing Wealth Management Prudent Credit Risk Management Core relationship deposits4 grew $120 million in Q4, strengthening funding and supporting loan growth Purposeful utilization of liquidity in Q4 through funding optimization and $231 million of loan growth at attractive spreads; loan growth focused on our core competency in C&I Wealth AUM/AUA reached a record $13.1B, up 8% QoQ on an annualized basis Gross new business inflows of $291 million in Q4 and $1.0 billion for the full-year 2025 Nonperforming assets declined 19% QoQ and 41% over the past two quarters Past due loan levels remain low and manageable at 0.42% of total loans No new multifamily loans added to past-due status in Q4 No evidence of systemic deterioration TBV continued to grow, reflecting earnings strength and disciplined credit actions $0.69 + 28% QoQ EPS + 34% QoQ PPNR1 Growth Rate + 12% QoQ NII Growth Rate 3.08% + 27 bps QoQ Net Interest Margin + 15% Q4 Annualized Loan Growth Rate + 8% QoQ NIB DDA Growth Rate - 19% QoQ Nonperforming Assets

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![Slide 5](pgc-ex99_2s5.jpg)

Quarterly Earnings Momentum Core earnings growth continuing to deliver shareholder value Continuing to absorb significant strategic investments while expanding profitability, as operating expense growth moderated and core earnings1 increased 34% QoQ to $24.7 million, marking five consecutive quarters of PPNR growth. Balance sheet growth paired with disciplined interest expense management drove consistent NII improvement and an eighth consecutive quarter of NII growth. Interest income up $7.8 million YoY (9%), supported by strong loan growth at attractive spreads despite interest rate reductions throughout 2025. Interest expense is down $6.8 million YoY (-15%) even as total deposits increased by $460 million ($316 million is NIB DDA). Margin expansion of 27 bps QoQ reflects strength of the deposit franchise, with a 92% quarterly deposit beta and 69% through the down-cycle. Net income remains impacted by elevated credit costs tied to specific reserves on a few borrowers, which management continues to address proactively. ($ in millions, except per share data) See page 21 for notes and important information. Key Observations

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![Slide 6](pgc-ex99_2s6.jpg)

Excellent Earnings Improvement YoYDisciplined growth delivering meaningful operating leverage Delivered strong positive operating leverage year-over-year, with core earnings1 up 45% despite an 18% increase in operating expenses (including a 14% increase in FTEs). Revenue growth was broad-based and led by spread income, with total revenue up 24% YoY and net interest income up 35%, reflecting disciplined balance sheet execution. Noninterest income provides a stable and meaningful earnings contribution (28% of total revenue), anchored by a $13.1B AUM/AUA wealth franchise. Profitability and margin expanded materially, with pre-provision net revenue1 up 45%, net income up 13%, and net interest margin improving 52 bps to 2.84%. Earnings strength supported balance sheet and credit actions, enabling continued improvement in EPS and TBVPS, while proactively addressing problem credits. ($ in millions, except per share data) See page 21 for notes and important information. Key Observations

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![Slide 7](pgc-ex99_2s7.jpg)

Continued Improvement in Credit QualityPositive credit trends with problem loans well controlled 30-89 Days Past Due / Gross Loans Nonperforming Assets / Total Assets Nonperforming loans declined $16 million in Q4, and $47 million over the last six months, reflecting disciplined workout activity. No evidence of broad-based credit deterioration. Troubled credit exposure, including New York Rent Regulated Multifamily (NYRRMF), remains at manageable levels as evidenced by stable-to-improving delinquency and nonaccrual trends relative to total loans. ACL coverage of total loans remains stable at 1.14%, providing solid protection against residual credit risk. Special Mention Loans / Gross Loans Key Observations

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![Slide 8](pgc-ex99_2s8.jpg)

Rent-Regulated Multifamily Continues to remain resilient with no evidence of systemic deterioration $1.9 billion Multifamily Portfolio NYRRMF loans are closely monitored and actively managed by a team of seasoned professionals. No new multifamily past due loans in the quarter leading to a problem multifamily loan portfolio reduction of $10 million in the quarter. Long-tenured, experienced family operators with significant ownership basis are the bulk of our portfolio (vs. funds/PE firms). Effects of Mayor Mamdani are under intense monitoring as the Bank continues to have active discussions with owners. New York Rent Regulated Multifamily Portfolio has declined by $85 million YoY (9%). New originations are extremely limited and focused on fully-banked relationships. Special mention (2 loans), 30 to 89 days past due (2 loans), and nonperforming (5 loans) levels are manageable and represent are a relatively small portion of the balance sheet. Key Observations

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![Slide 9](pgc-ex99_2s9.jpg)

Balance Sheet StrengthA rapidly improving liquidity profile Purposeful utilization of liquidity in the fourth quarter to fund lending within our core competencies (largely C&I) at strong risk-adjusted spreads. Core relationship deposit1 growth continues to transform the balance sheet (up $828 million for the year) and now equal to 98% of total loans. Fourth quarter deposit growth included $105 million of noninterest-bearing deposit growth (operating accounts). Liquidity is strong at 95% loan-to-deposit ratio with over 60% of total assets covered by available liquidity2. No reliance on brokered deposits and minimal utilization of short-term borrowings to bridge normal deposit behavior. Rated investment grade by Moody's (Baa3/Stable) and Kroll (BBB)3. See page 21 for notes and important information. By the Numbers

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![Slide 10](pgc-ex99_2s10.jpg)

Deposit TrendsStrong growth at a favorable mix and excellent beta Core relationship deposits1 increased $828 million (16%) in 2025, and greater than $2 billion (50%) over the last two years. This has allowed the bank to: eliminate all brokered deposits, remix higher cost deposits for lower cost relationships, and reduce high-cost CDs throughout the year. Strong growth has also enabled the company to manage strong down-cycle betas – 69% through the cycle and 92% in Q4. As a result of these actions, total deposits have increased $460 million (8%) over the last twelve months of which, 69% or $316 million has been in noninterest-bearing accounts, now representing 22% of total deposits. $6.1 $6.3 $6.4 28% NIB Growth over LTM ($ in billions) $6.6 See page 21 for notes and important information. $6.6 92% Beta to average FFR Q4 vs Q3 Average Cost of Interest-Bearing Deposits Key Trends & Impacts

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![Slide 11](pgc-ex99_2s11.jpg)

Loan TrendsConsistent growth focused on our strengths Net loan growth in Q4 totaled $231 million (4%), reflecting continued strength across core lending businesses. For full-year 2025, loan originations totaled $2.1 billion at a 6.60% weighted average coupon, driving $738 million of net loan growth, largely in C&I. C&I represents a long-standing core competency, built over more than a decade and diversified across 375 distinct industries. Portfolio mix continues to shift toward C&I, with less reliance on Multifamily, supporting improved diversification and risk-adjusted returns. Diversified Across 375 NAICS Codes Gross Loans1: $6.3 billion $6.3 $5.5 $5.7 $5.8 $6.0 ($ in billions) 14% C&I Growth over LTM +13% Loan Growth See page 21 for notes and important information. Loan Growth & Mix

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![Slide 12](pgc-ex99_2s12.jpg)

Net Interest IncomeConsistently delivering positive operating leverage & NII growth Eighth consecutive quarter of net interest income growth, driven by successful core relationship deposit growth1. NII increased by $6.0 million (12%) QoQ and $14.6 million (35%) YoY. Net interest margin increased 27 basis points QoQ and 62 basis points YoY to 3.08%. Fourth quarter beta of 92% and 69% through the down-cycle reflects strength of deposit franchise. Noninterest-bearing deposits up $105 million (8%) QoQ and $316 million YoY, further lowering the cost of funds. Incremental spread2 on new business remained above 4.00% for the fourth consecutive quarter. See page 21 for notes and important information. Key Observations

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![Slide 13](pgc-ex99_2s13.jpg)

Wealth Management Drives Fee RevenueRecord AUM/AUA and revenue Sustained Long-Term Growth Track record of sustained long-term growth, achieving a 12% CAGR over the past seven years and 15% CAGR over the past decade. Strength and Scalability Market leaders; achieved a record $13.1 billion in assets under management and administration at quarter end, reflecting both organic client growth and market appreciation. High Value Client Relationships Average client relationship size of $4.6 million highlights Peapack Private's focus on high net worth and ultra high net worth individuals and families. Strong Profitability and Operating Leverage Delivered a 41% EBITDA margin in FY 2025, illustrating disciplined cost management and operating efficiency within a relationship-driven model. Comprehensive and Integrated Wealth Offering Peapack Private provides a holistic suite of services, including financial planning, investment management, trust and fiduciary services, and estate and tax planning — all grounded in personalized advice. Performance Insights

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![Slide 14](pgc-ex99_2s14.jpg)

Statement Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and may include expressions about Management's strategies and Management's expectations about financial results, new and existing programs and products, investments, relationships, opportunities and market conditions. These statements may be identified by such forward-looking terminology as "expect," "look," "believe," "anticipate," "may," or similar statements or variations of such terms. Actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to: 1) our ability to successfully grow our business and implement our strategic plan, including our ability to generate revenues to offset the increased personnel and other costs related to the strategic plan; 2) the impact of anticipated higher operating expenses in 2026 and beyond; 3) our ability to successfully integrate wealth management firm and team acquisitions; 4) our ability to successfully integrate our expanded employee base; 5) an unexpected decline in the economy, in particular in our New Jersey and New York market areas, including potential recessionary conditions; 6) declines in our net interest margin caused by the interest rate environment and/or our highly competitive market; 7) declines in the value in our investment portfolio; 8) impact from a pandemic event on our business, operations, customers, allowance for credit losses and capital levels; 9) higher than expected increases in our allowance for credit losses; 10) changes in the methodology and assumptions used to calculate the allowance for credit losses; 11) higher than expected increases in credit losses or in the level of delinquent, nonperforming, classified and criticized loans or charge-offs; 12) inflation and changes in interest rates, which may adversely impact our margins and yields, reduce the fair value of our financial instruments, reduce our loan originations and lead to higher operating costs; 13) decline in real estate values within our market areas; 14) legislative and regulatory actions (including the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Basel III and related regulations) that may result in increased compliance costs; 15) the imposition of tariffs or other domestic or international governmental policies and retaliatory responses; 16) the impact of any federal government shutdown; 17) the failure to maintain current technologies and/or to successfully implement future information technology enhancements; 18) successful cyberattacks against our IT infrastructure and that of our IT and third-party providers; 19) higher than expected FDIC insurance premiums; 20) adverse weather conditions; 21) the current or anticipated impact of military conflict, terrorism or other geopolitical events; 22) our inability to successfully generate new business in new geographic markets, including our expansion into New York City and Long Island; 23) a reduction in our lower-cost funding sources; 24) changes in liquidity, including the size and composition of our deposit portfolio, including the percentage of uninsured deposits in the portfolio; 25) our inability to adapt to technological changes; 26) claims and litigation pertaining to fiduciary responsibility, environmental laws and other matters; 27) our inability to retain key employees; 28) demands for loans and deposits in our market areas; 29) adverse changes in securities markets; 30) changes in New York City rent regulation law; 31) changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary and fiscal policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; 32) changes in accounting policies and practices; and/or 33) other unexpected material adverse changes in our financial condition, operations or earnings. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Although we believe that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements.

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![Slide 15](pgc-ex99_2s15.jpg)

Appendix A: Supplemental Information & Franchise Overview

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![Slide 16](pgc-ex99_2s16.jpg)

Bedminster New York City Melville NEW YORK NEW JERSEY CONNECTICUT PENNSYLVANIA Greenville Rye Brook Princeton Morristown Summit Red Bank Lakewood Teaneck DE Peapack Private Bank & Trust Financial Centers Garden City Peapack PrivateThe Premier Alternative to the Mega Banks in Metropolitan New York $13.1B Wealth AUM $6.6B Deposits $6.3B Loans 14% ▲ 12% ▲ 14% ▲ CAGR Since 2012 Founded in 1921, Peapack Private is the boutique alternative to large banks in the Metropolitan New York region, delivering white glove service through a single point of contact model. Grounded in an established wealth franchise, Peapack Private has demonstrated the ability to scale and compete for over the past decade. Strategic expansion underway throughout Metropolitan NY began in 2023; headcount has increased by more than 30% over that time and performance continues to exceed expectations.

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![Slide 17](pgc-ex99_2s17.jpg)

The Peapack Private Client Experience Net Promoter ScoreClient satisfaction substantially exceeds the U.S. Banking Industry Benchmark Elevated boutique banking experience Distinct alternative to large banks with a refined, client-first service philosophy Personalized, relationship-driven service modelDedicated Relationship Manager delivering tailored solutions Trusted advisor approach built on integrity Transparent, professional interactions that foster long-term client relationships High-touch, responsive client experience and ease of doing business Clear communication, efficient processes, and seamless client interactions Net Promoter Score Momentum 41 57 65 NPS UP +24 Points Since 2023 Banking Industry Benchmark1 Based on Real Client Feedback See page 21 for notes and important information.

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![Slide 18](pgc-ex99_2s18.jpg)

Infrastructure Investments Talent & Human Capital Transformative Year in Review: InvestmentsStrategic investments powering 2025 performance and long-term franchise value Revenue-generating talent aligned to core markets Attracted top-tier banking and wealth talent across core New York markets, expanding coverage and deepening client relationships. Bolstered Wealth Management team with experience advisers to serve expanding geography throughout NY Metro market. Built out six new banking teams on Long Island, mirroring the successful New Jersey commercial model and driving early deposit and loan momentum. Expanded direct leasing capabilities, supporting higher-growth, higher-return businesses. 2025 hires come on the heels of teams added in 2023 - 2024, creating scalable benefits from prior investments and accelerating productivity. Scalable operating model and deposit-led growth Transitioned retail banking to an advice-based financial center model, enhancing relationship depth, operating efficiency, and deposit quality. Optimized physical footprint in core New York markets, including strategic expansion and consolidation to support organic growth with balance sheet discipline. Invested in digital onboarding, KYC, and centralized business services, reinforcing a single point of contact while improving speed, consistency, and client experience. Enhanced risk management and operating infrastructure to support continued growth beyond $10 billion in assets. Advanced operational scalability through automation, data, and AI, deploying Robotic Process Automation across 30+ workflows and launching a governed, enterprise-wide AI initiative that is already improving efficiency, turnaround times, and client service. Measurable client experience tied to economics Rebranded to Peapack Private Bank & Trust, reinforcing a single-point-of-contact, high-touch client value proposition. Embedded client experience metrics (NPS) into management evaluation, creating continuous feedback and accountability. Aligned Solutions Under Management with incentive compensation, directly linking relationship depth, operating deposits, and client outcomes. Established clear ownership for service delivery, reinforcing consistency across banking, wealth, and trust. Service Culture Accountability These investments strengthened our core franchise in 2025 and position us to scale growth, earnings, and returns in 2026 and beyond.

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![Slide 19](pgc-ex99_2s19.jpg)

Positioned for Long-Term Growth & Compelling Returns Peapack Private is the boutique alternative to large banks in the Metro New York region, with expansion results exceeding expectations and pipelines remaining strong. Our private banking model is anchored by a scarce and valuable $13.1 billion wealth management franchise, providing durable funding, recurring fee income, and long-term growth value. The decision to expand throughout the Metro New York region has transformed the balance sheet, strengthening funding, improving mix, and creating a scalable foundation for future growth. We are capitalizing on our affluent geographic footprint by driving growth in both wealth management and spread income, reinforcing earnings durability. Our Commercial & Industrial business represents a long-standing core competency built over more than a decade, supporting disciplined loan growth and diversified fully-banked client relationships. Continued expansion of our $2.7 billion commercial lending business, complementary treasury management platform, and sell-side advisory services supports deeper client engagement and revenue growth. We continue to attract and retain top-tier talent, enabling consistent execution across banking, wealth, and operations. Investments in technology and artificial intelligence are enhancing operating efficiency, driving innovation and supporting the delivery of white glove client experience, with a focus on governance. Moody's and Kroll both rate the Company as investment grade with stable outlooks, reflecting balance sheet strength and prudent risk management. We remain laser-focused on cultivating a strong client-centric culture, reinforced by industry recognition: ABA Best Banks To Work For eight years in a row. Crain's 2024 and 2025 Best Places to Work in NYC.

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![Slide 20](pgc-ex99_2s20.jpg)

Appendix B: Notes & Financial Tables

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![Slide 21](pgc-ex99_2s21.jpg)

Notes Year in Review: Accomplishments slide Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. See Non-GAAP Financial Measurement Reconciliation included in these appendices. See Non-GAAP Financial Measurement Reconciliation included in these appendices. Fourth Quarter 2025 Highlights slide See Non-GAAP Financial Measurement Reconciliation included in these appendices. Incremental spread is defined as the weighted average loan coupon of loans originated in the period less the average cost of newly funded deposit accounts for the same period. Operating Leverage is defined as the percentage change in total revenue less the percentage change in operating expense. Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. Quarterly Earnings Momentum slide See Non-GAAP Financial Measurement Reconciliation included in these appendices. See Non-GAAP Financial Measurement Reconciliation included in these appendices. Excellent Earnings Improvement YoY slide See Non-GAAP Financial Measurement Reconciliation included in these appendices. Balance Sheet Strength slide Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. Total available liquidity defined as cash plus cash equivalents plus unpledged available-for-sale securities plus borrowing capacity less borrowings, letters of credit, and pledged securities plus customer deposits held off balance sheet. Moody's Baa3 rating and stable outlook reflects their long-term local currency issuer rating for the Company. Kroll Bond Rating Agency's BBB rating and stable outlook reflects their rating of the Company's senior unsecured debt. Deposit Trends slide Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. Loan Trends slide 1) Gross loans include loans held for sale. Net Interest Income slide 1) Core relationship deposits defined as deposit relationships that are not custodial, brokered, or listing service. 2) Incremental spread is defined as the weighted average loan coupon of loans originated in the period less the average cost of newly funded deposit accounts for the same period. Net Promoter Score slide 1) U.S. Banking Industry benchmark data source is Qualtrics, an international leader in client surveys and net promoter score.

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![Slide 22](pgc-ex99_2s22.jpg)

Balance Sheet & AUM/AUA Summary

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![Slide 23](pgc-ex99_2s23.jpg)

Asset Quality 1) Amounts reflect modifications that are paying according to modified terms. 2) Excludes modifications included in nonaccrual loans of $36.0 million at December 31, 2025, $37.6 million at September 30, 2025 and $3.6 million at December 31, 2024. 3) Excludes a provision of $12,000 at December 31, 2025, a credit of $81,000 at September 30, 2025 and a credit of $15,000 at December 31, 2024 related to off-balance sheet commitments. 4) Includes charge-offs of $6.3 million related to two multifamily loans for the quarter ended December 31, 2025. Includes charge-offs of $6.7 million related to three multifamily loans and $11.3 million related to one equipment financing relationship for the quarter ended September 30, 2025. 5) Total ACL less reserves to loans individually evaluated equals collectively evaluated ACL.

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![Slide 24](pgc-ex99_2s24.jpg)

Capital Summary 1) Tangible equity and tangible assets are calculated by excluding the balance of intangible assets from shareholders' equity and total assets, respectively. Tangible equity as a percentage of tangible assets at quarter end is calculated by dividing tangible equity by tangible assets at quarter end. See Non-GAAP financial measures reconciliation included in these tables. 2) Tangible book value per share excludes intangible assets. Tangible book value per share is calculated by dividing tangible equity by quarter end common shares outstanding. See Non-GAAP financial measures reconciliation tables.

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![Slide 25](pgc-ex99_2s25.jpg)

Quarterly Income Statement 1) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation table.

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![Slide 26](pgc-ex99_2s26.jpg)

Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies.

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![Slide 27](pgc-ex99_2s27.jpg)

Annual Income Statement 1) Return on average tangible common equity is calculated by dividing tangible common equity by annualized net income. See Non-GAAP financial measures reconciliation table.

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![Slide 28](pgc-ex99_2s28.jpg)

Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies.

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![Slide 29](pgc-ex99_2s29.jpg)

Non-GAAP Financial Measurement Reconciliation We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial position, results and ratios. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and are not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. Pre-Provision Net Revenue ("PPNR") is a non-GAAP financial measure used by the Company to assess the earnings available to absorb credit losses and support capital from its core banking operations. PPNR is defined as: Net interest income (GAAP) + Noninterest income (GAAP) - Noninterest expense (GAAP)It excludes the provision for credit losses and income tax expense. PPNR is not a substitute for net income as reported under GAAP, and the calculation may differ from similarly-named measures at other institutions.

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![Slide 30](pgc-ex99_2s30.jpg)

Douglas L. Kennedy President & Chief Executive Officer (908) 719-6554 dkennedy@peapackprivate.com Frank A. Cavallaro Senior EVP & Chief Financial Officer (908) 306-8933 fcavallaro@peapackprivate.com CONTACTS John P. Babcock Senior EVP & President of Peapack Private Wealth Management (908) 719-3301 jbabcock@peapackprivate.com Matthew P. Remo SVP \| Managing Principal – Treasurer & Head of Corporate Finance (908) 872-9899 mremo@peapackprivate.com CORPORATE HEADQUARTERS 500 Hills Drive, Suite 300 P.O. Box 700 Bedminster, New Jersey 07921 (908) 234-0700 peapackprivate.com