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Peapack-Gladstone: 4Q Earnings Snapshot

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  • PGC

BEDMINSTER, N.J. (AP) _ Peapack-Gladstone Financial Corp. (PGC) on Friday reported fourth-quarter profit of $10.7 million.

The bank, based in Bedminster, New Jersey, said it had earnings of 55 cents per share.

The bank holding company posted revenue of $54 million in the period. Its revenue net of interest expense was $40.6 million, which fell short of Street forecasts.

For the year, the company reported profit of $44.2 million, or $2.31 per share. Revenue was reported as $159.4 million.

Peapack-Gladstone shares have increased 7.5 percent since the beginning of the year. The stock has declined 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGC at https://www.zacks.com/ap/PGC