Peapack-Gladstone beats forecast while First Commonwealth falls just short
Peapack-Gladstone beat profit estimates for the third quarter, while First Commonwealth slightly missed. Reuters reported the figures on October 27, 2026.
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what happened
Peapack-Gladstone Financial reported third-quarter 2026 earnings per share of $0.99, above the IBES consensus estimate of $0.92, according to Reuters. The bank posted revenue of $87.5 million, net income of $18.5 million and net interest income of $67.5 million.
First Commonwealth Financial reported results for the same period. Its adjusted net income came in at $45.442 million against an IBES estimate of $45.9 million, and adjusted earnings per share were $0.45 versus a forecast of $0.46. Its reported net income was $44.943 million.
why it matters
One bank topped profit expectations while the other came in slightly below consensus. Results from regional lenders like these rarely move the broader market, but they matter to investors tracking the sector and net interest margins at smaller banks.
tags
instruments
sources
- BRIEF-Peapack-Gladstone Financial Q3 EPS USD 0.99 Vs. IBES Estimate USD 0.92 — Reuters, 27 October 2026 at 20:31 UTC
- BRIEF-First Commonwealth Financial Q3 Adjusted EPS USD 0.45 Vs. IBES Estimate USD 0.46 — Reuters, 27 October 2026 at 21:01 UTC
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