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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TSX:EQB - Post Discussion

EQB Inc. > Another View

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Post by retiredcf on Mar 04, 2024 9:05am

Another View

Based 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)

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