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Here are 1-3 brief analogies for Peapack Gladstone Financial (PGC):

• A regional, relationship-focused version of Bank of America, specifically for businesses and affluent clients in New Jersey.

• Like a more specialized, localized PNC or U.S. Bank, concentrating on commercial banking and wealth management in its New Jersey market.

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• Commercial Banking: Provides loans, lines of credit, and treasury management solutions tailored for businesses and commercial real estate investors.
• Residential Mortgage Lending: Offers a variety of home loans for purchases and refinancing to individual clients.
• Deposit Accounts: Manages checking, savings, money market, and certificate of deposit accounts for both individual and business clients.
• Wealth Management Services: Delivers personalized financial planning, investment management, and trust and estate services to high-net-worth individuals and families.

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Peapack Gladstone Financial (PGC)

• Individuals and Families: This category encompasses retail banking customers who utilize a wide array of services including checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), residential mortgages, home equity lines of credit, and personal loans. The bank caters to the general public seeking personal financial solutions.
• Small to Medium-Sized Businesses (SMBs) and Commercial Clients: Peapack Gladstone Financial provides comprehensive commercial banking services to local and regional businesses. This includes business checking and savings accounts, commercial real estate loans, construction loans, lines of credit, term loans, equipment financing, treasury management services, and merchant services designed to support business operations and growth.
• High-Net-Worth Individuals, Families, and Institutions (Wealth Management): Through its wealth management division, the company offers specialized financial planning, investment management, trust and estate services, and private banking solutions. This segment serves affluent clients and institutional customers who require sophisticated and personalized financial advice and management.

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• Fidelity National Information Services (NYSE: FIS)
• Temenos (OTCQX: TMSNY)

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Douglas L. Kennedy
President and Chief Executive Officer

Mr. Kennedy was appointed CEO of Peapack-Gladstone Financial Corporation in October 2012. He brings over 40 years of experience in the banking industry. Prior to joining Peapack-Gladstone Bank, he served as New Jersey State President of Capital One Bank (USA), National Association. He joined Capital One with the acquisition of North Fork Bank in 2007 and previously held key executive-level positions with Summit Bank, Fleet Bank, and Bank of America/Fleet Bank.

Frank A. Cavallaro
Senior Executive Vice President and Chief Financial Officer

Mr. Cavallaro serves as the Senior Executive Vice President and Chief Financial Officer of Peapack-Gladstone Financial Corporation. No further detailed background information regarding previous companies managed, companies sold, or private equity patterns was readily available in the provided search results.

John P. Babcock
Senior Executive Vice President, President of Peapack Private (Wealth Management)

Mr. Babcock has been the Senior Executive Vice President and President of Private Wealth Management at Peapack-Gladstone Financial Corp. since March 2014. He is responsible for expanding the bank's wealth management business.

Gregory M. Smith
Senior Executive Vice President, President of Commercial Banking

Mr. Smith is the Senior Executive Vice President and President of Commercial Banking. He joined Peapack-Gladstone from Capital One Bank, where he spent seven years as the group sales executive for the Northeast and Mid-Atlantic regions, focusing on the business banking segment.

Robert A. Plante
Executive Vice President and Chief Operating Officer

Mr. Plante serves as the Executive Vice President and Chief Operating Officer of Peapack-Gladstone Financial Corporation. No detailed background information regarding previous companies managed, companies sold, or private equity patterns was readily available in the provided search results.

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1. Interest Rate Risk

Peapack Gladstone Financial is significantly exposed to risks arising from changes in interest rates. Fluctuations in interest rates can negatively impact the company's net interest income, which is a primary driver of profitability, as well as affect the fair value of its investment securities. Higher deposit and borrowing rates, for example, can compress the net interest margin, reducing overall earnings.

2. Credit Risk

The company faces ongoing credit risk related to the quality of its loan portfolio. This includes potential credit stress, particularly in sectors such as Commercial & Industrial (C&I), and the risk of increased nonperforming assets. Deterioration in credit quality could lead to higher provisions for credit losses, directly impacting profitability.

3. Market Competition and Economic Conditions

Peapack Gladstone Financial operates in a highly competitive banking market, facing significant challenges from larger institutions with greater resources. This intense competition can lead to pressure on margins and increased compliance costs. Additionally, the company is exposed to broader economic risks, including the potential negative impacts of local economic downturns and inflationary pressures, which can affect loan demand, credit quality, and overall financial performance.

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The emergence of digital-first banks (neobanks) and specialized fintech platforms offering services such as online lending and robo-advisory directly threatens Peapack Gladstone Financial's traditional branch-based banking, commercial lending, and wealth management business models by providing more technologically agile, often lower-cost alternatives.

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Peapack Gladstone Financial (PGC) primarily operates in the commercial banking, private banking, and wealth management sectors, with a strong focus on New Jersey and the broader Metro New York region, which includes parts of New Jersey.

Addressable Market Sizes for Peapack Gladstone Financial's Main Products and Services:

• Commercial Banking: The addressable market size for the Commercial Banking industry in New Jersey is estimated at $50.6 billion in 2025. This market has been growing at an average annual rate of 7.3% from 2020 to 2025.
• Private Banking: Peapack Gladstone Financial provides private banking services to businesses, non-profits, and consumers. The overall United States private banking market was valued at approximately $59.54 billion in 2025 and is projected to reach $94.89 billion by 2030, with a compound annual growth rate (CAGR) of 9.77%. Major financial hubs like New York City, along with affluent areas in Connecticut and New Jersey, are key drivers of this market, hosting a significant number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs).
• Wealth Management: The company's wealth management division offers comprehensive financial, tax, fiduciary, and investment advice. As of September 30, 2025, Peapack Gladstone Financial reported assets under management and administration (AUM/AUA) of $12.9 billion. The global wealth management market is projected to grow to $2.1 trillion in 2025 and $2.72 trillion in 2029. North America was the largest region in the private banking market in 2024, which includes wealth management services. The growth in affluent and high-net-worth populations in the U.S., particularly in regions like New Jersey and New York, fuels the demand for these services.

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Peapack Gladstone Financial (PGC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and operational strengths:

1. Strategic Expansion into Metro New York: The company's ongoing expansion into the Metro New York area is a significant driver of growth. This initiative has led to substantial increases in client relationships, core deposits, and overall business volume. CEO Douglas L. Kennedy has consistently emphasized the strong results from this expansion, highlighting its success in driving deposit growth with a favorable mix.
2. Growth in Deposits and Loans: Peapack Gladstone Financial has demonstrated consistent growth in both deposits and loans, which are fundamental to a bank's revenue. For example, in Q3 2025, deposits grew by 7% to $6.6 billion and total loans increased by 9% to $6.0 billion. The company also saw a 12% year-over-year increase in deposits by Q2 2025, along with a rise in noninterest-bearing deposits. This sustained growth in its core banking activities is expected to continue contributing to revenue.
3. Expansion of Wealth Management Division: The Wealth Management Division is a crucial source of fee income and has shown consistent expansion. In Q3 2025, assets under management (AUM) grew to $12.9 billion, generating $15.8 million in fee income. The division also recorded an increase in AUM to $12.3 billion in Q2 2025, driven by strong client inflows and new accounts. This segment is expected to continue its growth trajectory, enhancing non-interest revenue.
4. Improvement in Net Interest Margin (NIM): The company has reported ongoing improvements in its net interest margin, which directly enhances net interest income. The net interest margin improved to 2.81% in Q3 2025 and 2.77% in Q2 2025. Effective management of interest-earning assets and liabilities, coupled with favorable market conditions, is anticipated to sustain or further improve NIM, boosting profitability.
5. Strong Commercial and Industrial (C&I) Lending: Commercial and Industrial lending has been a significant contributor to loan growth, with a robust pipeline of new business. C&I balances represented a substantial portion of the total loan portfolio, reaching 43% by December 31, 2024, and 44% by June 30, 2025. This focus on C&I lending is expected to continue driving loan portfolio expansion and associated interest income.

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Share Repurchases

• Peapack Gladstone Financial repurchased 300,000 shares of common stock at a cost of $7.2 million during 2024.
• In 2023, the company repurchased 455,341 shares at a cost of $12.5 million. Under a program announced on April 25, 2023, the company completed the repurchase of 712,327 shares for $18.26 million.
• On January 27, 2022, the company authorized a new stock repurchase program for up to 920,000 shares, representing approximately 5% of outstanding shares. During 2022, 930,977 shares were repurchased at a cost of $32.7 million.

Share Issuance

• The number of shares outstanding for Peapack Gladstone Financial was 17,704,110 as of October 2025, which has seen slight fluctuations over the last few years.
• The Employee Stock Purchase Plan (ESPP) was replaced in April 2024, allowing for the issuance of 150,000 shares.
• The company issued 14,220 shares of common stock in September 2021 and September 2022, and 19,197 shares in August 2023, related to contingent payments from the 2019 acquisition of Point View.

Outbound Investments

• On July 1, 2021, Peapack-Gladstone Financial completed the acquisition of Princeton Portfolio Strategies Group, a wealth management firm with $550 million of assets under management. This marked the sixth acquisition of an asset management business by Peapack Gladstone Financial since 2014.

Capital Expenditures

• Peapack Gladstone Financial's average capital expenditures to operating cash flow (CapEx/OCF) over the past five years has been 6.06%, with the latest trailing twelve months (TTM) CapEx/OCF at 6.23%.
• The company has made investments related to its strategic decision to expand into the metropolitan New York City region.
• A primary focus of capital allocation includes continued expansion in the metropolitan New York region to position the company for future growth and profitability.