Peapack-Gladstone Financial Corporation (PGC) Balance Sheet
PGC balance sheet, 2025
December 31, 2025 · U.S. dollars$7.53B assets = $6.87B liabilities + $658.2M equity
Both columns are drawn to the same scale: what PGC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PGC financial health
Descriptive bands, not a rating. Fiscal 2025.
PGC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.88B2016 | $7.53B2025 | +7.6%/yr | |
| Total liabilities | $3.55B2016 | $6.87B2025 | +7.6%/yr | |
| Shareholders’ equity | $324.2M2016 | $658.2M2025 | +8.2%/yr | |
| Cash & short-term investments | $468.0M2016 | $408.8M2025 | −1.5%/yr | |
| Total debt | $120.3M2016 | $216.8M2025 | +6.8%/yr | |
| Net cash (debt) | $347.7M2016 | $192.0M2025 | −$155.7M | |
| Working capital | −$2.96B2016 | −$6.22B2025 | −$3.3B | |
| Book value per share | $19.632016 | $37.182025 | +7.4%/yr | |
| Debt / equity | 0.372016 | 0.332025 | −0.04 | |
| Shares outstanding | 16.5M2016 | 17.7M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PGC assets
PGC liabilities and equity
PGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PGC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $408.8M | $441.5M | $738.3M | $744.7M | $943.6M | $1.28B | $598.8M | $538.6M | $441.0M | $468.0M |
| Cash & equivalents | $187.8M | $391.4M | $187.7M | $190.1M | $146.8M | $653.2M | $208.1M | $160.7M | $113.3M | $162.6M |
| Short-term investments | $221.0M | $50.1M | $550.6M | $554.6M | $796.8M | $622.7M | $390.8M | $377.9M | $327.6M | $305.4M |
| Receivables | $32.0M | $29.9M | $30.7M | $25.2M | $21.6M | $22.5M | $10.5M | $10.8M | $9.5M | $8.2M |
| Inventory | $0 | $0 | −$24.8M | −$216.4M | −$173.2M | −$675.9M | −$218.7M | $0 | $2.1M | $534,000 |
| Other current assets | $0 | $0 | $24.8M | $216.4M | $173.2M | $675.9M | $218.7M | $0 | $0 | $0 |
| Total current assets | $440.8M | $471.4M | $769.0M | $769.9M | $965.1M | $1.30B | $609.3M | $549.4M | $450.4M | $476.1M |
| Property, plant & equipment (net) | $79.9M | $70.2M | $38.3M | $39.5M | $36.4M | $35.4M | $38.1M | $27.4M | $29.5M | $30.4M |
| Goodwill & intangible assets | $43.8M | $44.9M | $46.0M | $47.3M | $48.9M | $43.9M | $40.6M | $32.4M | $23.8M | $3.2M |
| Long-term investments | $236.4M | $899.2M | $671.5M | $669.9M | $920.1M | $4.94B | $4.74B | $379.5M | $3.1M | $1.7M |
| Other non-current assets | $6.73B | $5.53B | $4.95B | $4.83B | $4.11B | $0 | $0 | $3.63B | $3.75B | $3.37B |
| Total assets | $7.53B | $7.01B | $6.48B | $6.35B | $6.08B | $5.89B | $5.18B | $4.62B | $4.26B | $3.88B |
| Liabilities | ||||||||||
| Accounts payable | $0 | $18.5M | $0 | $69.1M | $5.27B | $121.5M | $8.0M | $37.9M | $28.5M | $22.3M |
| Short-term debt | $73.3M | $44.9M | $403.8M | $379.5M | $15.9M | $15.0M | $128.1M | $4.1M | $36.0M | $25.0M |
| Total current liabilities | $6.66B | $6.23B | $5.74B | $5.65B | $5.34B | $4.95B | $4.44B | $3.93B | $3.73B | $3.43B |
| Long-term debt | $99.0M | $133.6M | $133.3M | $133.0M | $132.7M | $181.8M | $83.4M | $91.6M | $92.1M | $58.5M |
| Lease obligations | $44.5M | $44.9M | $16.3M | $18.4M | $15.9M | $16.5M | $20.0M | $8.4M | $9.1M | $9.7M |
| Other long-term liabilities | $106.9M | $44.9M | $16.3M | $33.8M | $55.3M | $226.6M | $151.2M | $124.0M | $37.9M | $61.8M |
| Total liabilities | $6.87B | $6.41B | $5.89B | $5.82B | $5.53B | $5.36B | $4.68B | $4.15B | $3.86B | $3.55B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18.1M | $18.0M | $17.8M | $17.5M | $17.2M | $17.0M | $16.7M | $16.5M | $15.9M | $14.7M |
| Retained earnings (deficit) | $457.4M | $423.6M | $394.1M | $348.8M | $274.3M | $221.4M | $199.0M | $154.8M | $114.5M | $81.3M |
| Treasury stock | — | — | — | −$97.8M | −$65.1M | −$36.5M | −$30.0M | −$9.0M | −$9.0M | −$9.0M |
| Accumulated other comprehensive income | −$47.6M | −$66.4M | −$64.9M | −$74.2M | −$12.4M | −$1.4M | −$1.5M | −$2.3M | −$1.2M | −$1.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $658.2M | $605.8M | $583.7M | $533.0M | $546.4M | $527.1M | $503.7M | $469.0M | $403.7M | $324.2M |
| Key figures | ||||||||||
| Total debt | $216.8M | $178.5M | $553.4M | $530.9M | $148.6M | $213.3M | $336.5M | $199.6M | $130.0M | $120.3M |
| Net cash (debt) | $192.0M | $263.0M | $184.9M | $213.8M | $794.9M | $1.06B | $262.3M | $339.1M | $311.0M | $347.7M |
| Working capital | −$6.22B | −$5.76B | −$4.97B | −$4.88B | −$4.38B | −$3.66B | −$3.84B | −$3.38B | −$3.28B | −$2.96B |
| Tangible book value | $614.4M | $560.9M | $537.7M | $485.6M | $497.5M | $483.2M | $463.1M | $436.6M | $379.8M | $321.1M |
| Book value per share | $37.18 | $33.96 | $32.34 | $28.70 | $28.32 | $27.63 | $25.95 | $24.49 | $22.50 | $19.63 |
| Shares outstanding | 17.7M | 17.8M | 18.0M | 18.6M | 19.3M | 19.1M | 19.4M | 19.1M | 17.9M | 16.5M |
| Current ratio | 0.07 | 0.08 | 0.13 | 0.14 | 0.18 | 0.26 | 0.14 | 0.14 | 0.12 | 0.14 |
| Quick ratio | 0.07 | 0.08 | 0.13 | 0.14 | 0.18 | 0.26 | 0.14 | 0.14 | 0.12 | 0.14 |
| Debt / equity | 0.33 | 0.29 | 0.95 | 1.00 | 0.27 | 0.40 | 0.67 | 0.43 | 0.32 | 0.37 |
| Equity / assets | 8.7% | 8.6% | 9.0% | 8.4% | 9.0% | 8.9% | 9.7% | 10.2% | 9.5% | 8.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $760.8M | $303.7M | $408.8M | $412.3M | $1.08B | $297.0M | $441.5M | $1.18B | $907.6M | $745.7M | $738.3M | $708.9M |
| Cash & equivalents | $8.4M | $253.4M | $187.8M | $347.2M | $315.6M | $231.9M | $391.4M | $492.7M | $315.7M | $194.8M | $187.7M | $187.9M |
| Short-term investments | $752.4M | $50.3M | $221.0M | $65.1M | $767.5M | $65.1M | $50.1M | $682.7M | $591.9M | $550.9M | $550.6M | $521.0M |
| Receivables | $34.1M | $33.1M | $32.0M | $34.1M | $33.2M | $32.0M | $29.9M | $32.0M | $36.7M | $32.7M | $30.7M | $22.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$556.6M | −$631.0M | −$227.5M | −$41.4M | −$233.6M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $556.6M | $631.0M | $227.5M | $41.4M | $233.6M |
| Total current assets | $794.9M | $336.8M | $440.8M | $446.4M | $1.12B | $329.0M | $471.4M | $1.21B | $944.3M | $778.4M | $769.0M | $731.8M |
| Property, plant & equipment (net) | $79.7M | $78.2M | $79.9M | $76.3M | $75.8M | $72.0M | $70.2M | $68.4M | $64.7M | $42.4M | $38.3M | $39.0M |
| Goodwill & intangible assets | $43.4M | $43.6M | $43.8M | $44.1M | $44.4M | $44.7M | $44.9M | $45.2M | $45.5M | $45.7M | $46.0M | $46.3M |
| Long-term investments | $844.3M | $802.9M | $236.4M | $867.4M | $879.4M | $945.6M | $899.2M | $799.3M | $709.9M | $670.4M | $671.5M | $642.5M |
| Other non-current assets | $6.21B | $6.44B | $6.73B | $6.01B | $5.08B | $5.73B | $5.53B | $4.67B | $4.74B | $4.87B | $4.95B | $5.06B |
| Total assets | $7.97B | $7.70B | $7.53B | $7.44B | $7.20B | $7.12B | $7.01B | $6.79B | $6.51B | $6.41B | $6.48B | $6.52B |
| Liabilities | ||||||||||||
| Accounts payable | $9.6M | — | $0 | $25.1M | $0 | $0 | $18.5M | — | $10.0M | — | $0 | $0 |
| Short-term debt | $74.9M | $63.8M | $73.3M | $42.4M | $43.1M | $44.3M | $44.9M | $46.2M | $2.5M | $119.5M | $403.8M | $470.6M |
| Deferred revenue | — | $6.83B | $6.59B | — | $6.36B | $6.28B | $6.12B | — | $5.62B | — | — | — |
| Total current liabilities | $74.9M | $6.89B | $6.66B | $6.66B | $6.43B | $6.36B | $6.23B | $6.01B | $5.74B | $5.67B | $5.74B | $5.81B |
| Long-term debt | $0 | $0 | $99.0M | $99.0M | $98.9M | $98.9M | $133.6M | $133.5M | $133.4M | $133.3M | $133.3M | $133.2M |
| Lease obligations | $42.6M | $42.6M | $44.5M | $42.4M | $43.1M | $44.3M | $44.9M | $46.2M | $42.8M | $20.7M | $16.3M | $17.3M |
| Other long-term liabilities | $7.18B | $109.2M | $106.9M | $42.4M | $43.1M | $44.3M | $44.9M | $46.2M | $42.8M | $20.7M | $16.3M | $17.3M |
| Total liabilities | $7.25B | $7.00B | $6.87B | $6.80B | $6.57B | $6.50B | $6.41B | $6.19B | $5.92B | $5.83B | $5.89B | $5.96B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18.2M | $18.2M | $18.1M | $18.1M | $18.1M | $18.1M | $18.0M | $17.9M | $17.9M | $17.9M | $17.8M | $17.8M |
| Retained earnings (deficit) | $485.5M | $470.6M | $457.4M | $446.1M | $437.3M | $430.3M | $423.6M | $415.2M | $408.5M | $401.8M | $394.1M | $386.4M |
| Accumulated other comprehensive income | −$49.8M | −$49.6M | −$47.6M | −$50.5M | −$55.6M | −$57.7M | −$66.4M | −$54.8M | −$68.3M | −$67.8M | −$64.9M | −$81.7M |
| Total shareholders' equity | $715.8M | $699.2M | $658.2M | $642.5M | $629.8M | $621.9M | $605.8M | $607.6M | $588.3M | $582.4M | $583.7M | $559.0M |
| Key figures | ||||||||||||
| Total debt | $117.5M | $106.4M | $216.8M | $141.3M | $142.0M | $143.1M | $178.5M | $179.7M | $176.2M | $273.6M | $553.4M | $621.1M |
| Net cash (debt) | $643.4M | $197.2M | $192.0M | $270.9M | $941.1M | $153.9M | $263.0M | $995.7M | $731.4M | $472.1M | $184.9M | $87.7M |
| Working capital | $720.0M | −$6.55B | −$6.22B | −$6.21B | −$5.31B | −$6.03B | −$5.76B | −$4.80B | −$4.80B | −$4.89B | −$4.97B | −$5.08B |
| Tangible book value | $672.4M | $655.6M | $614.4M | $598.4M | $585.4M | $577.2M | $560.9M | $562.4M | $542.9M | $536.6M | $537.7M | $512.7M |
| Book value per share | $39.30 | $39.37 | $37.18 | $36.10 | $35.38 | $34.91 | $34.09 | $34.33 | $33.07 | $32.71 | $32.50 | $31.04 |
| Shares outstanding | 18.2M | 17.8M | 17.7M | 17.8M | 17.8M | 17.8M | 17.8M | 17.7M | 17.8M | 17.8M | 18.0M | 18.0M |
| Current ratio | 10.62 | 0.05 | 0.07 | 0.07 | 0.17 | 0.05 | 0.08 | 0.20 | 0.16 | 0.14 | 0.13 | 0.13 |
| Quick ratio | 10.62 | 0.05 | 0.07 | 0.07 | 0.17 | 0.05 | 0.08 | 0.20 | 0.16 | 0.14 | 0.13 | 0.13 |
| Debt / equity | 0.16 | 0.15 | 0.33 | 0.22 | 0.23 | 0.23 | 0.29 | 0.30 | 0.30 | 0.47 | 0.95 | 1.11 |
| Equity / assets | 9.0% | 9.1% | 8.7% | 8.6% | 8.7% | 8.7% | 8.6% | 8.9% | 9.0% | 9.1% | 9.0% | 8.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
PGC financial position
At the end of fiscal 2025 (December 31, 2025), Peapack-Gladstone Financial had total assets of $7.5 billion (up 7.3% from a year earlier), total liabilities of $6.9 billion and shareholders' equity of $658.2 million. It held $408.8 million in cash and short-term investments against $216.8 million of debt, a net cash position of $192.0 million. Its current ratio was 0.07. In the latest quarter (ended June 30, 2026) total assets were $8.0 billion and equity $715.8 million.
Related: PGC income statement, PGC cash flow statement, PGC key metrics. See the PGC stock overview for the latest quote and news.
PGC balance sheet FAQ
What are Peapack-Gladstone Financial's total assets?
Peapack-Gladstone Financial reported total assets of $7.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.0 billion a year earlier.
How much debt does Peapack-Gladstone Financial have?
Peapack-Gladstone Financial had $216.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Peapack-Gladstone Financial have?
Peapack-Gladstone Financial held $408.8 million in cash and short-term investments at the end of fiscal 2025; with $216.8 million of debt that is net cash of $192.0 million.
What is Peapack-Gladstone Financial's book value?
Peapack-Gladstone Financial's shareholders' equity (book value) was $658.2 million at the end of fiscal 2025, or $37.18 per share.
What is Peapack-Gladstone Financial's current ratio?
Peapack-Gladstone Financial had current assets of $440.8 million and current liabilities of $6.7 billion, a current ratio of 0.07 (current liabilities exceed current assets).
How much goodwill does Peapack-Gladstone Financial have?
Peapack-Gladstone Financial carried $43.8 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.