Another ViewBased on this, they would seem to agree that the decline in SP was an overreaction. GLTA
EPS of $2.98 beat estimates of $2.59; revenue of $284.6M beat estimates of $271M. The dividend was increased 5%. Earnings rose 12%. 2024 guidance was affirmed. Book value rose 1% to $71.33. Net interest margin was 2.01%, up 1 basis point. ROE was above 15%. Customer base grew 6%. Reserves for losses rose to 0.22% from 0.18%, but were stable from the 3Q. We think the quarter and outlook are fine. EQB is still up 37% in a year and well ahead of most banks. Based on consensus, very strong growth is expected in 2024 (30%+) and 10%+ expected in 2025. We would be very comfortable staying the course here. (5iResearch)