PGC FY 2016 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2016 Earnings

Reported March 14, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$144M	—	$120M	—	19.5%
Op. Income	$43M	—	$32M	—	33.0%
Gross Margin	80.5%	—	81.9%	—	-1.4pp
Net Margin	18.4%	—	16.6%	—	1.8pp
EPS (Diluted)	$1.60	—	$1.29	—	24.0%
Free Cash Flow	$40M	—	$28M	—	39.9%

Revenue Flow

Item	Amount
REVENUE	$144M
Cost of Revenue	$28M
GROSS PROFIT	$116M
R&D Expenses	$0
Selling & Marketing	$824.0K
General & Administrative	$50M
SG&A Expenses	$51M
Other Expenses	$22M
Operating Expenses	$73M
Cost & Expenses	$101M
OPERATING INCOME	$43M
Interest Income	$117M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$16M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$3M
EBIT	$43M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$144M
Cost of Revenue	$28M
GROSS PROFIT	$116M
R&D Expenses	$0
Selling & Marketing	$824.0K
General & Administrative	$50M
SG&A Expenses	$51M
Other Expenses	$22M
Operating Expenses	$73M
Cost & Expenses	$101M
OPERATING INCOME	$43M
Interest Income	$117M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$16M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$3M
EBIT	$43M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$3M
Stock-Based Compensation	$156.0K
Deferred Income Tax	$952.0K
Other Non-Cash Items	$10M
Change in Working Capital	$2M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$187M
Sales/Maturities of Investments	$73M
Other Investing Activities	-$316M
NET CASH FROM INVESTING	-$433M
Net Debt Issuance	-$14M
Common Stock Repurchased	-$554.0K
Common Dividends Paid	-$3M
Other Financing Activities	$478M
NET CASH FROM FINANCING	$483M
FREE CASH FLOW	$40M
Net Change in Cash	$93M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$305M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$476M
PP&E (Net)	$30M
Goodwill	$2M
Intangible Assets	$2M
Long-Term Investments	$3.3B
Tax Assets	$15M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$111M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$3.6B
Common Stock	$15M
Additional Paid-In Capital	$239M
Retained Earnings	$81M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$324M
Minority Interest	$0
TOTAL EQUITY	$324M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$120M
Net Debt	-$42M