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Stock impact report

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank's Investment Grade Ratings Confirmed by Moody's Investors Service [Yahoo! Finance]

Peapack-Gladstone Financial Corporation (PGC) 
Last peapack-gladstone financial corporation earnings: 1/29 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1137117
Company Research Source: Yahoo! Finance
The outlooks on the long-term issuer rating of the Company and on the long-term deposits and issuer ratings of Peapack-Gladstone Bank have been changed to “stable” from ratings under review. These actions conclude the review for possible downgrade that was initiated back in June of this year. To establish the rating, Moody's extensively reviewed the business fundamentals and financial conditions of the Company and the Bank, as well as the terms and conditions surrounding issuer and deposit ratings. In confirming these ratings, Moody's indicated that the Company's sustained solid capital position and recent improvements in its funding and liquidity profile are adequate mitigants against the Bank's risk profile. Moody's also indicated that the Company has successfully strengthened its funding and liquidity profile over the last year. The overall funding structure remains a credit strength with the deposit base demonstrating resilience during the 2023 regional banking crisis. Pres Show less Read more
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