Peapack-Gladstone Financial Corporation Outlines Long-Term ROA and ROE Targets
Peapack-Gladstone Financial Corporation (PGC) management reported that its third quarter results reflect the successful outcome of a multi-year strategic expansion into the New York market. CEO Douglas Kennedy emphasized that the company is seeing sustained growth and improved profitability as a result of recent repositioning efforts. Looking forward, the company has established specific long-term financial objectives, targeting a Return on Assets (ROA) of 1.25% or higher and a Return on Equity (ROE) exceeding 14%. These goals are part of the firm's '2-2-2' operating framework designed to drive consistent shareholder value.
Tickers: $PGC
Topics: expansion strategy quarterly earnings revenue growth