Copycat Magnolia Peanut Butter Banana Pudding

July 1, 2024

Bring one of New York’s most popular bakeries to your own kitchen with my new Copycat Magnolia Peanut Butter Banana Pudding. This delicious no-bake dessert has layers of Nilla Wafers, peanut butter banana cream filling, fresh bananas and homemade whipped cream.

Peanut Butter Banana Cream Pudding layered in a mason jar with a cookie on top.

What is Magnolia Bakery?

Magnolia Bakery, nestled in the heart of New York City, is an iconic dessert haven known for its classic American baked goods and charming vintage atmosphere. Established in 1996 in the West Village, this quaint bakery gained fame for its delectable cupcakes, particularly the legendary vanilla and chocolate buttercream-topped varieties. Beyond cupcakes, Magnolia offers an array of treats, including the growing favorite – the banana pudding. In fact, the banana pudding is my favorite dessert at Magnolia and something I get every time in the city.

I love it so much, I created a copycat recipe of the original Magnolia Bakery Banana Pudding. I also created a cake based off the no-bake dessert too. Have you tried it? It’s my Banana Cream Cake.

Copycat Magnolia Bakery Peanut Butter Banana Pudding

My love of the banana pudding runs deep, but not quite as deep as my love of peanut butter… so it was time to put them together! I’m using my banana pudding recipe and adding peanut butter to the base. Simple as that!

A spoon coming out of a mason jar of Peanut Butter Banana Cream pudding.

How to Make Peanut Butter Banana Pudding

This no-bake recipe is quite simple and will be an easy one to whip up. You’ll start by beating cream cheese, peanut butter and sweetened condensed milk. Once the mixture is smooth, you’ll stir in whole milk and vanilla pudding mix.

No, not banana pudding mix. The banana is only added by slicing bananas and adding them between the layers of everything else (just like Magnolia does it).

As the pudding mixture sets in the fridge, you’ll beat heavy whipping cream that you’ll fold into the pudding mixture. Once it’s time to assemble, whip some more heavy whipping cream with powdered sugar and grab some Nilla Wafers.

Two jars of peanut butter banana pudding on a table with cookies and a spoon.

Have Fun With It!

This recipe is really versatile. If you don’t have Nilla Wafter, you can use graham crackers, shortbread cookies, Nutter Butters, Oreos or any other crunchy cookie of your choice. You could also play around with the flavors. Biscoff cookie spread could be a delicious sub for the peanut butter.

Peanut Butter Banana Cream Pudding layered in a mason jar with a cookie on top.

Copycat Magnolia Bakery Peanut Butter Banana Cream Pudding

5 from 4 votes



  • 6 ounces cream cheese
  • 1 cup (250 g) smooth peanut butter
  • 1 can (14 ounces) sweetened condensed milk
  • 1 ½ cups (360 g) 2% or whole milk
  • 1 box (5 ounces) instant vanilla pudding mix
  • 1 1/2 cups (360 g) heavy whipping cream


  • 3 cups (690 g) heavy whipping cream
  • 1 cup (125 g) powdered sugar, measured then sifted


  • 1 box Nilla Wafers
  • Bananas



  • In a medium size mixing bowl, mix together the cream cheese, peanut butter, and sweetened condensed milk until smooth.
  • Stir in the milk and the pudding mix. Refrigerate for 30 minutes.
  • In a chilled stainless steel bowl, beat the heavy whipping cream until stiff peaks form.
  • Fold the whipped cream into the pudding mixture.
  • Cover and refrigerate until ready to assemble the trifle.


  • In a chilled stainless steel bowl, beat the heavy whipping cream and powdered sugar until stiff peaks form.


  • I recommend doing the assembly just a few hours before you want to serve the trifle. If you make the trifle too far in advance, the cookies will get soggy. Soft is ok, but we don’t want them soggy.
  • Cover the bottom of your trifle bowl (or mason jars, paper cups, etc.) with a layer of Nilla wafer cookies.
  • If doing a trifle, cover with ⅓ of the peanut butter banana filling, sliced bananas, then ⅓ of the whipped cream.
    If you're using mason jars or another container for individual servings, you'll want to break up a couple cookies, add a scoop of the peanut butter banana pudding, some sliced bananas, and a scoop of whipped cream.
  • Repeat these steps two more times.
  • Refrigerate until you’re ready to serve.


  1. Feel free to swap out Nilla wafers for shortbread cookies, Nutter Butters, Oreos or even graham crackers.
  2. If you’re not doing a trifle, you could also split this recipe in half for smaller individual servings.
Course: Dessert
Cuisine: No Bake Dessert
Keyword: banana cream pudding, No Bake Dessert, Peanut butter banana pudding

Join the Conversation

  1. Amanda Pendley says:

    5 stars
    Sooooo good! I just finished a heaping cup of this, and it’s my new favorite treat! Thank you for sharing the love!

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