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Peapack-Gladstone (PGC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2024, Peapack-Gladstone (PGC - Free Report) reported revenue of $56.6 million, down 1.6% over the same period last year. EPS came in at $0.42, compared to $0.81 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $56.8 million, representing a surprise of -0.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.42.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 2.3% compared to the 2.3% average estimate based on two analysts.
  • Efficiency ratio: 76.2% versus 72.6% estimated by two analysts on average.
  • Total Non Interest Income: $21.56 million compared to the $18.58 million average estimate based on two analysts.
  • Net Interest Income: $35.04 million compared to the $37.23 million average estimate based on two analysts.
View all Key Company Metrics for Peapack-Gladstone here>>>

Shares of Peapack-Gladstone have returned +28.4% over the past month versus the Zacks S&P 500 composite's +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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