PGC FY 2017 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2017 Earnings

Reported March 12, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$173M	—	$144M	—	20.4%
Op. Income	$54M	—	$43M	—	27.1%
Gross Margin	80.7%	—	80.5%	—	0.2pp
Net Margin	21.1%	—	18.4%	—	2.7pp
EPS (Diluted)	$2.03	—	$1.60	—	26.9%
Free Cash Flow	$54M	—	$40M	—	34.9%

Revenue Flow

Item	Amount
REVENUE	$173M
Cost of Revenue	$33M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$56M
SG&A Expenses	$57M
Other Expenses	$28M
Operating Expenses	$86M
Cost & Expenses	$119M
OPERATING INCOME	$54M
Interest Income	$139M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$18M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$54M
EBITDA	$58M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$173M
Cost of Revenue	$33M
GROSS PROFIT	$140M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$56M
SG&A Expenses	$57M
Other Expenses	$28M
Operating Expenses	$86M
Cost & Expenses	$119M
OPERATING INCOME	$54M
Interest Income	$139M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$18M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$54M
EBITDA	$58M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$4M
Stock-Based Compensation	$122.0K
Deferred Income Tax	$14M
Other Non-Cash Items	$11M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$56M
Capital Expenditure	-$2M
Acquisitions (Net)	-$14M
Purchases of Investments	-$92M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$395M
NET CASH FROM INVESTING	-$436M
Net Debt Issuance	$10M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$4M
Other Financing Activities	$289M
NET CASH FROM FINANCING	$330M
FREE CASH FLOW	$54M
Net Change in Cash	-$49M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$328M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$450M
PP&E (Net)	$29M
Goodwill	$17M
Intangible Assets	$7M
Long-Term Investments	$3.7B
Tax Assets	$552.0K
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$121M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$130M
TOTAL LIABILITIES	$3.9B
Common Stock	$16M
Additional Paid-In Capital	$284M
Retained Earnings	$114M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$404M
Minority Interest	$0
TOTAL EQUITY	$404M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$130M
Net Debt	$17M