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Here's What Key Metrics Tell Us About Peapack-Gladstone (PGC) Q1 Earnings

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For the quarter ended March 2024, Peapack-Gladstone (PGC - Free Report) reported revenue of $53.08 million, down 14.5% over the same period last year. EPS came in at $0.48, compared to $1.01 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $53.69 million, representing a surprise of -1.14%. The company delivered an EPS surprise of -4.00%, with the consensus EPS estimate being $0.50.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Peapack-Gladstone performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net interest margin: 2.2% compared to the 2.3% average estimate based on two analysts.
  • Efficiency ratio: 75.4% compared to the 71.9% average estimate based on two analysts.
  • Total Non Interest Income: $18.70 million compared to the $17.26 million average estimate based on two analysts.
  • Net Interest Income: $34.38 million versus $36.44 million estimated by two analysts on average.
View all Key Company Metrics for Peapack-Gladstone here>>>

Shares of Peapack-Gladstone have returned +4.7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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