Peapack-Gladstone Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the full year, the company reported interest income of $75,575,000 against $57,053,000 a year ago. Net interest income was $67,894,000 against $52,776,000 a year ago. Income before income taxes was $24,286,000 against $14,763,000 a year ago. Net income was $14,890,000 against $9,261,000 a year ago. Diluted earnings per share were $1.22 against $1.01 a year ago. Return on average assets was 0.63% against 0.54% a year ago. Return on average common equity was 7.96% against 7.37% a year ago. The book value per share at December 31, 2014 of $16.36 reflected improvement when compared to $14.79 at December 31, 2013. Year-over-year growth in book value per share totaled 11%.