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Peapack-Gladstone Financial PGC Wealth Management Division — Depreciation
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Where this comes from
Reported directly by Peapack-Gladstone Financial in its filing.
Tagged under the XBRL concept us-gaap:Depreciation.
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 |
|---|---|---|---|
| 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 |
| Professional and legal fees | 1,532 | — | 1,532 |
| Trust department expense | — | 1,189 | 1,189 |
| Other operating expense | 3,897 | 943 | 4,840 |
Item 1. Financial Statements
FAQ
- What is Peapack-Gladstone Financial's wealth management division — depreciation?
- Peapack-Gladstone Financial (PGC) reported wealth management division — depreciation of $111K in Q2 2026.
- How has Peapack-Gladstone Financial's wealth management division — depreciation changed year-over-year?
- Peapack-Gladstone Financial's wealth management division — depreciation decreased by 9.8% year-over-year, from $123K to $111K.
- What is the long-term trend for Peapack-Gladstone Financial's wealth management division — depreciation?
- Over 3 years (2022 to 2025), Peapack-Gladstone Financial's wealth management division — depreciation has grown at a 0.0% compound annual growth rate (CAGR), from $462K to $462K.
- What does wealth management division — depreciation mean?
- This represents the systematic allocation of the cost of tangible assets, such as office furniture, computer hardware, and software, over their useful lives within the wealth management segment. It is a non-cash expense that reflects the ongoing capital investment required to maintain operational capabilities.
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