Peapack-Gladstone Financial Corporation issued a correction to its Q1 2026 earnings press release, revising book value per common share from $39.48 to $37.79 and related metrics due to an error in preferred stock treatment.
Key takeaways
Issued correction to April 22, 2026 press release and investor presentation for Q1 2026 financial results.
Book value per common share revised from $39.48 to $37.79 as of March 31, 2026.
Tangible book value per common share revised from $37.02 to $35.33 as of March 31, 2026.
Tangible equity to tangible assets revised from 8.56% to 8.17% as of March 31, 2026.
Correction does not impact net income, operating results, cash flows, or regulatory capital ratios.