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. > EQB delivers ROE ahead of target

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Post by Betteryear2 on May 29, 2024 5:24pm

EQB delivers ROE ahead of target

TORONTO, May 29, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) today reported record revenue and pre-provision, pre-tax earnings for the three and six months ended April 30, 2024 that reflected growth in revenue from margin expansion and higher non-interest revenue including a full quarter of results from ACM Advisors, increasing loans under management and EQ Bank customers and deposits. Equitable Bank reported a net reduction in total Gross Impaired Loans (GILs) from the first quarter driven by a 22% reduction in commercial banking GILs.

EQB delivers ROE ahead of target with record quarterly revenue and pre-provision pre-tax earnings and a 7% q/q and 22% y/y dividend increase (prnewswire.com)

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