Peapack Gladstone Financial (PGC) Rent Expense (2014 - 2026)
Peapack Gladstone Financial (PGC) posted Rent Expense of $6.9 million for Q1 2026, down 3.98% sequentially from $7.1 million in Q4 2025, and up 11.44% YoY from $6.2 million in Q1 2025.
Peapack Gladstone Financial (PGC) Rent Expense (2014 - 2026) Analysis & Trends
Peapack Gladstone Financial has reported Rent Expense for 13 years, with the latest figure at $6.9 million in Q1 2026.
- Quarterly Rent Expense rose 11.44% year-over-year to $6.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.3 million (up 15.96% YoY) and the FY2025 annual result came in at $26.6 million, up 18.36% from the prior year.
- Rent Expense slipped to $6.9 million in Q1 2026 per PGC's latest filing, from $7.1 million in the prior quarter.
- Over five years, Rent Expense peaked at $7.1 million in Q4 2025 and troughed at $4.4 million in Q1 2023.
- A 5-year average of $5.6 million and a median of $5.4 million in 2023 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2023 and 2024: Rent Expense fell 5.87% in 2023, then increased 22.14% in 2024.
- Over 5 years, Rent Expense stood at $4.9 million in 2022, then rose by 10.58% to $5.4 million in 2023, then increased by 10.69% to $6.0 million in 2024, then climbed by 19.13% to $7.1 million in 2025, then slipped by 3.98% to $6.9 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $6.9 million, $7.1 million, and $6.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Peapack Gladstone Financial | 800.76 Mn | 800.76 Mn | - | 7.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.01 Mn |
| Jun 30, 2026 | 7.01 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | 7.14 Mn |
| Dec 31, 2025 | 7.14 Mn |
| Sep 30, 2025 | 6.68 Mn |
| Sep 30, 2025 | 6.68 Mn |
| Jun 30, 2025 | 6.64 Mn |
| Jun 30, 2025 | 6.64 Mn |
| Mar 31, 2025 | 6.15 Mn |
| Mar 31, 2025 | 6.15 Mn |
| Dec 31, 2024 | 6.00 Mn |
| Dec 31, 2024 | 6.00 Mn |
| Sep 30, 2024 | 5.63 Mn |
| Sep 30, 2024 | 5.63 Mn |
| Jun 30, 2024 | 5.78 Mn |
| Jun 30, 2024 | 5.78 Mn |
| Mar 31, 2024 | 5.08 Mn |
| Mar 31, 2024 | 5.08 Mn |