Peapack-Gladstone Financial Reports Q3 GAAP EPS of $0.99, Missing Revenue Estimates
Peapack-Gladstone Financial (PGC) reported third-quarter financial results characterized by a beat on earnings but a miss on top-line revenue. The company posted GAAP earnings per share (EPS) of $0.99, exceeding analyst expectations by $0.05. Despite the earnings beat, total revenue reached $87.5 million, representing a 23.8% increase year-over-year. However, this figure fell short of consensus estimates by approximately $2.63 million. The mixed results highlight strong profitability per share alongside slightly softer-than-expected revenue growth.
Tickers: $PGC
Topics: earnings beat financial results GAAP EPS revenue miss