Peapack Gladstone Financial (PGC) Rent Expense (2014 - 2026)
Peapack Gladstone Financial's (PGC) quarterly Rent Expense came in at $7.0 million in Q2 2026, up 5.54% year-over-year from $6.6 million in Q2 2025, and up 2.2% quarter-over-quarter from $6.9 million in Q1 2026.
Analysis
Peapack Gladstone Financial (PGC) Rent Expense (2014 - 2026) Analysis & Trends
Peapack Gladstone Financial has disclosed Rent Expense across 13 years of filings, most recently posting $7.0 million for Q2 2026.
- In Q2 2026, Rent Expense rose 5.54% year-over-year to $7.0 million; the TTM figure through Jun 2026 stood at $27.7 million (up 13.36% YoY), while the FY2025 annual figure was $26.6 million, up 18.36% from the prior year.
- Rent Expense came in at $7.0 million for Q2 2026 at Peapack Gladstone Financial, up from $6.9 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $7.1 million in Q4 2025 to a low of $4.4 million in Q1 2023.
- Average Rent Expense over 5 years is $5.6 million, with a median of $5.5 million recorded in 2023.
- Year-over-year, Rent Expense declined 5.87% in 2023 and grew 22.14% in 2024.
- Over 5 years, Rent Expense stood at $4.9 million in 2022, then grew by 10.58% to $5.4 million in 2023, then climbed by 10.69% to $6.0 million in 2024, then gained by 19.13% to $7.1 million in 2025, then decreased by 1.86% to $7.0 million in 2026.
- Per Business Quant data, the three most recent Rent Expense figures were $7.0 million in Q2 2026, $6.9 million in Q1 2026, and $7.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | 73.00 Mn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 59.00 Mn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 68.00 Mn |
| 10 | Peapack Gladstone Financial | 814.49 Mn | 814.49 Mn | - | 7.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.01 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | 7.14 Mn |
| Sep 30, 2025 | 6.68 Mn |
| Jun 30, 2025 | 6.64 Mn |
| Mar 31, 2025 | 6.15 Mn |
| Dec 31, 2024 | 6.00 Mn |
| Sep 30, 2024 | 5.63 Mn |
| Jun 30, 2024 | 5.78 Mn |
| Mar 31, 2024 | 5.08 Mn |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 5.21 Mn |
| Jun 30, 2023 | 4.73 Mn |
| Mar 31, 2023 | 4.37 Mn |
| Dec 31, 2022 | 4.90 Mn |
| Sep 30, 2022 | 4.53 Mn |
| Jun 30, 2022 | 4.64 Mn |
| Mar 31, 2022 | 4.65 Mn |
| Dec 31, 2021 | 4.52 Mn |
| Sep 30, 2021 | 4.46 Mn |