Bullboard - Stock Discussion Forum EQB Inc. T.EQB.PR.C

Primary Symbol: T.EQB Alternate Symbol(s): EQGPF

EQB Inc. operates through its wholly owned subsidiary Equitable Bank. Equitable Bank provides diversified personal and commercial banking through its EQ Bank platform. The Company operates through two main divisions: Personal Banking and Commercial Banking. Its Personal Banking segment consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages... see more

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EQB Inc. > EQB delivers record annual earnings

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Post by Betteryear2 on Dec 07, 2023 6:46pm

EQB delivers record annual earnings

TORONTO, Dec. 7, 2023 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) today reported record annual earnings for its new fiscal year ended October 31, 2023, highlighted by growth in loans under management, margin expansion, higher non-interest revenues, accretion from the prior-year acquisition of Concentra Bank and effective risk management. On the strength of this performance, EQB raised its common share dividend and issued guidance for fiscal 2024 anchored in the expectation of another consecutive year of greater than 15% ROE.

EQB delivers record annual earnings and increases dividend 5% sequentially as fiscal year changes to align with industry (prnewswire.com)