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EQB Inc. T.EQB

Alternate Symbol(s):  T.EQB.P.C | EQGPF

Financial Services
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, insurance lending, and payment infrastructure partnerships. Its savings products are offered through EQ Bank, Equitable Bank, Equitable Trust, and a network of independent financial planners and brokers. Its Commercial Banking segment lends loans through a network of mortgage and leasing brokers, lending partners, and other financial institutions. Commercial loans involve lending on multi-unit residential, industrial and office buildings, and other commercial properties. It also specializes in the creation, structuring, and management of pooled Canadian commercial mortgage funds.


TSX:EQB - Post by User

EQB Inc.
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Post by Betteryear2on Feb 28, 2024 7:33pm
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Post# 35905199

EQB delivers 12% y/y earnings growth

EQB delivers 12% y/y earnings growthTORONTO, Feb. 28, 2024 /PRNewswire/ - EQB Inc. (TSX: EQB) (TSX: EQB.PR.C) today reported earnings for the three months ended January 31, 2024, that reflected strong and resilient first quarter performance driven by growth in loans under management, margin expansion, higher non-interest revenue, EQ Bank customer growth and continued effective risk management. EQB also announced a 20% y/y common share dividend increase and reaffirmed its previous earnings guidance for 2024 anchored in the ongoing achievement of greater than 15% ROE.

EQB delivers 12% y/y earnings growth, increases dividend 5% q/q and 20% y/y, with assets under management and administration climbing 16% to $119 billion (prnewswire.com)
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