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Peapack-Gladstone Financial PGC Wealth Management Division — Labor And Related Expense
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Where this comes from
Reported directly by Peapack-Gladstone Financial in its filing.
Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.
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 |
|---|---|---|---|
| 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 |
| Professional and legal fees | 1,532 | — | 1,532 |
Item 1. Financial Statements
FAQ
- What is Peapack-Gladstone Financial's wealth management division — labor and related expense?
- Peapack-Gladstone Financial (PGC) reported wealth management division — labor and related expense of $7.94M in Q2 2026.
- How has Peapack-Gladstone Financial's wealth management division — labor and related expense changed year-over-year?
- Peapack-Gladstone Financial's wealth management division — labor and related expense increased by 5.6% year-over-year, from $7.52M to $7.94M.
- What is the long-term trend for Peapack-Gladstone Financial's wealth management division — labor and related expense?
- Over 3 years (2022 to 2025), Peapack-Gladstone Financial's wealth management division — labor and related expense has grown at a -0.4% compound annual growth rate (CAGR), from $27.5M to $27.15M.
- What does wealth management division — labor and related expense mean?
- This includes all compensation-related costs for the wealth management segment, such as salaries, bonuses, benefits, and payroll taxes for staff. It represents the primary operating cost for human-capital-intensive businesses like wealth management and advisory services.
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