Peapack-Gladstone Financial Corp. announced unaudited consolidated financial results for the third quarter and first nine months ended September 30, 2009. For the quarter, the company reported net interest income of $12,250,000, net interest income after provision for loan losses of $9,500,000, income before income taxes of $1,895,000, net income available to common shareholders of $882,000 or $0.10 per basic and diluted share, return on average assets of 0.36% and return on average common equity of 3.89% against net interest income of $12,153,000, net interest income after provision for loan losses of $11,373,000, income before income taxes of $5,339,000, net income available to common shareholders of $3,517,000 or $0.40 per basic and diluted share, return on average assets of 1.04% and return on average common equity of 13.46% a year ago. Interest income was $16,379,000 against $17,912,000 last year. For the nine months, the company reported net interest income of $36,224,000, net interest income after provision for loan losses of $29,474,000, income before income taxes of $8,243,000, net income available to common shareholders of $4,661,000 or $0.53 per basic and diluted share, return on average assets of 0.53% and return on average common equity of 6.98% against net interest income of $34,084,000, net interest income after provision for loan losses of $32,284,000, income before income taxes of $15,902,000, net income available to common shareholders of $10,559,000 or $1.21 per basic share and $1.20 per diluted share, return on average assets of 1.04% and return on average common equity of 13.26% a year ago. Interest income was $49,883,000 against $53,869,000 last year. Book value per common share was $10.54 at September 30, 2009 against $12.16 at September 30, 2008. The decrease in earnings per share for both the nine month and quarter periods was primarily due to an increase in the provision for loan losses, an increase in the provision for losses on OREO (Other Real Estate Owned), an increase in the industry-wide FDIC assessment and the dividends on preferred stock.

Peapack-Gladstone Financial Corp. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid to shareholders on November 13, 2009, to shareholders of record on October 29, 2009.

Peapack-Gladstone Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported income before income taxes was $2,743,000, net income was $1,930,000 and net income available to common shareholders was $1,502,000 or $0.17 per diluted share against income before income taxes of $5,359,000, net income of $3,579,000 and net income available to common shareholders of $3,579,000 or $0.41 per diluted share for the same period a year ago. Interest income was $16,709,000 against $17,612,000 for the same period a year ago. Net interest income was $12,166,000 against $11,417,000 for the same period a year ago. Net interest income after provision for loan losses was $10,166,000 against $10,827,000 for the same period a year ago. Return on Average Assets was 0.54% against 1.05% for the same period a year ago. Return on Average Common Equity was 6.75% against 13.52% for the same period a year ago. For the six months, the company reported income before income taxes was $6,347,000, net income was $4,412,000 and net income available to common shareholders was $3,779,000 or $0.43 per diluted share against income before income taxes of $10,563,000, net income of $7,042,000 and net income available to common shareholders of $7,042,000 or $0.80 per diluted share for the same period a year ago. Interest income was $33,504,000 against $35,957,000 for the same period a year ago. Net interest income was $23,974,000 against $21,931,000 for the same period a year ago. Net interest income after provision for loan losses was $19,974,000 against $20,911,000 for the same period a year ago. Return on Average Assets was 0.62% against 1.04% for the same period a year ago. Return on Average Common Equity was 8.58% against 13.16% for the same period a year ago. Book value per Common share was $10.15 as on June 30, 2009 against $11.75 as on June 30, 2008.