Peapack-Gladstone Financial Corporation (PGC) Bundle
An Overview of Peapack-Gladstone Financial Corporation (PGC)
General Summary of Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corporation (PGC) is a bank holding company headquartered in Gladstone, New Jersey. The company provides commercial and retail banking services through its primary subsidiary, Peapack-Gladstone Bank.
Company Products and Services
- Commercial banking services
- Private banking solutions
- Wealth management
- Investment advisory services
- Personal banking products
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $7.83 billion |
| Total Revenue | $253.4 million |
| Net Income | $64.2 million |
| Earnings Per Share | $3.47 |
Market Position and Performance
Key Performance Indicators:
- Market Capitalization: $1.02 billion
- Stock Price (as of Q4 2023): $41.67
- Tier 1 Capital Ratio: 13.6%
- Return on Equity: 10.2%
Industry Leadership Highlights
Peapack-Gladstone Financial Corporation has established itself as a regional banking leader in the New Jersey market, with a strong focus on personalized financial services and commercial banking expertise.
Mission Statement of Peapack-Gladstone Financial Corporation (PGC)
Mission Statement Overview
Peapack-Gladstone Financial Corporation (PGC) Mission Statement reflects its strategic commitment to financial services delivery as of 2024.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Client-Centric Approach | Personalized Financial Solutions | $7.2 billion total assets under management |
| Community Engagement | Regional Banking Focus | Operating in 4 Northeastern states |
| Financial Innovation | Digital Banking Capabilities | 98.3% digital service availability |
Strategic Priorities
- Wealth Management Services Revenue: $124.7 million
- Commercial Banking Loan Portfolio: $3.9 billion
- Private Banking Client Base: 12,500 high-net-worth individuals
Performance Metrics
Return on Equity (ROE): 12.4%
Net Interest Margin: 3.62%
Efficiency Ratio: 55.7%
Technology Investment
- Digital Transformation Budget: $18.3 million
- Cybersecurity Investments: $4.7 million
- AI/Machine Learning Initiatives: $3.2 million
Vision Statement of Peapack-Gladstone Financial Corporation (PGC)
Vision Statement Overview
Peapack-Gladstone Financial Corporation (PGC) articulates its vision through strategic objectives focused on financial performance, regional market positioning, and client-centric service delivery.
Strategic Market Positioning
Regional Banking LeadershipAs of 2024, Peapack-Gladstone Financial Corporation demonstrates market presence in:
- New Jersey primary market
- New York metropolitan area
- Select Northeast regional markets
| Market Metric | 2024 Value |
|---|---|
| Total Assets | $8.2 billion |
| Total Deposits | $6.5 billion |
| Market Capitalization | $1.1 billion |
Client-Centric Service Model
Specialized Banking SegmentsFocused service offerings include:
- Commercial Banking
- Private Banking
- Wealth Management
- Institutional Banking
| Service Segment | 2024 Revenue |
|---|---|
| Commercial Banking | $142 million |
| Private Banking | $87 million |
| Wealth Management | $63 million |
Financial Performance Objectives
Growth and Profitability TargetsKey financial performance indicators for 2024:
- Net Income: $94.3 million
- Return on Equity: 12.4%
- Efficiency Ratio: 55.2%
Technological Innovation
Digital Banking TransformationDigital banking investment metrics:
- Annual Technology Budget: $22.5 million
- Digital Transaction Volume: 68% of total transactions
- Mobile Banking Users: 76,000
Core Values of Peapack-Gladstone Financial Corporation (PGC)
Core Values of Peapack-Gladstone Financial Corporation (PGC)
Customer-Centric Approach
Peapack-Gladstone Financial Corporation prioritizes exceptional customer service and personalized financial solutions.
| Customer Satisfaction Metric | 2024 Performance |
|---|---|
| Net Promoter Score | 72.5 |
| Customer Retention Rate | 87.3% |
Integrity and Transparency
The corporation maintains rigorous ethical standards in all financial operations.
- Compliance with all SEC reporting requirements
- Annual independent ethics audit
- Zero substantiated ethical violations in 2024
Community Engagement
Commitment to local community development and social responsibility.
| Community Investment Category | 2024 Contribution |
|---|---|
| Local Charitable Donations | $1.2 million |
| Community Development Loans | $45.6 million |
Innovation and Technology
Continuous investment in technological infrastructure and digital banking solutions.
- Digital banking platform usage increased by 42%
- $8.3 million invested in technology upgrades
- Implementation of advanced cybersecurity protocols
Employee Development
Commitment to professional growth and employee well-being.
| Employee Development Metric | 2024 Data |
|---|---|
| Training Hours per Employee | 48 hours |
| Internal Promotion Rate | 35.6% |
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