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Peapack-Gladstone Financial PGC Banking — Provision For Doubtful Accounts
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Where this comes from
Reported directly by Peapack-Gladstone Financial in its filing.
Tagged under the XBRL concept us-gaap:ProvisionForDoubtfulAccounts.
The source filing: Peapack-Gladstone Financial’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 11:46 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-339645
| (In thousands) | Banking | Wealth / Management | Total |
|---|---|---|---|
| Net interest income | $63,362 | $559 | $63,921 |
| Noninterest income | 4,858 | 17,273 | 22,131 |
| Total income | 68,220 | 17,832 | 86,052 |
| Provision for credit losses | 8,088 | — | 8,088 |
| Compensation and benefits | 31,659 | 7,943 | 39,602 |
| Premises and equipment expense | 5,103 | 730 | 5,833 |
| Depreciation expense | 1,065 | 111 | 1,176 |
| FDIC expense | 1,495 | — | 1,495 |
Item 1. Financial Statements
FAQ
- What is Peapack-Gladstone Financial's banking — provision for doubtful accounts?
- Peapack-Gladstone Financial (PGC) reported banking — provision for doubtful accounts of $8.09M in Q2 2026.
- How has Peapack-Gladstone Financial's banking — provision for doubtful accounts changed year-over-year?
- Peapack-Gladstone Financial's banking — provision for doubtful accounts increased by 22.8% year-over-year, from $6.59M to $8.09M.
- What is the long-term trend for Peapack-Gladstone Financial's banking — provision for doubtful accounts?
- Over 3 years (2022 to 2025), Peapack-Gladstone Financial's banking — provision for doubtful accounts has grown at a 54.7% compound annual growth rate (CAGR), from $6.35M to $23.52M.
- What does banking — provision for doubtful accounts mean?
- This is an expense set aside to cover potential losses from loans or receivables that may become uncollectible. It reflects management's assessment of credit risk within the loan portfolio. An increasing provision often signals deteriorating credit quality or a more conservative outlook on borrower repayment capabilities.
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