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Peapack-Gladstone Financial PGC Wealth Management Division — Trust Department Expense

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Other financials

Income statement

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Revenue$86.1M+23.4%
Net income$16.0M+101%
EPS (diluted)$0.86+91.1%

Balance sheet

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Cash & equivalents$253.9M-19.6%
Total debt$117.5M+173%
Total equity$715.8M+13.7%
Total assets$8.0B+10.7%

Cash flow

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Operating cash flow$51.2M+221%
CapEx$2.6M-56.2%
Free cash flow$48.6M

Valuation

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Market cap$800.42M+79.2%
Enterprise value$663.97M+281%
P/E15.4×+1.6×
P/S2.5×+0.8×

Profitability

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Net margin16.4%+3.5pp
FCF margin14.2%-6.9pp

Returns & leverage

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Return on equity7.7%+2.4pp
Debt / equity0.2×+0.1×

Where this comes from

Reported directly by Peapack-Gladstone Financial in its filing.

Tagged under the XBRL concept pgc:TrustDepartmentExpense.

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
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Premises and equipment7,0096,64113,86712,795
FDIC insurance expense1,4951,0452,8831,900
Professional and legal fees1,5321,6453,0862,835
Trust department expense1,1891,0922,3692,135
Loan expense6879391,2431,372
Advertising4689197351,073
Other expenses3,6853,5517,9577,283
Total operating expenses55,66751,893111,107101,333

Item 1. Financial Statements

FAQ

What is Peapack-Gladstone Financial's wealth management division — trust department expense?
Peapack-Gladstone Financial (PGC) reported wealth management division — trust department expense of $1.19M in Q2 2026.
What does wealth management division — trust department expense mean?
This represents the specific operational costs directly attributable to the administration and management of trust accounts within the wealth management division. It highlights the specialized overhead required to maintain fiduciary standards and regulatory compliance for trust clients.

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