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EQB Inc T.EQB

Alternate Symbol(s):  EQGPF

EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking. Personal Banking operates through five business lines: EQ Bank, residential lending, wealth decumulation, and consumer lending through partnerships, a segment added with the Concentra Bank acquisition, and payments as a service supporting its fintech partners. Its diversified product suite consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Commercial Banking operates through seven business lines: business enterprise solutions, commercial finance group, multi-unit insured, specialized finance, equipment leasing, credit union and Concentra trust. It provides personal and commercial banking through its EQ Bank platform.


TSX:EQB - Post by User

Comment by HenoftheWoodson Jul 30, 2021 10:13am
152 Views
Post# 33631656

RE:RE:RE:RE:RE:Smoking Numbers for Q2!!!

RE:RE:RE:RE:RE:Smoking Numbers for Q2!!!

Although my estimate is more bullish than yours, I would be elated if we reach 210$/share in a year. We're definitely in the same boat together.

Eqb earnings over the last three years:

             Q1       Q2       Q3      Q4
2021.    3.97    4.05    x          x
2020.    1.70.   3.05    4.13    3.98
2019.    2.72    2.86    3.17    3.21
2018.    2.34.   2.45    2.8.     2.33
2017.    2.54.   2.28    2.21    2.38

During the last three years (excluding the Q1 2020 in which a large 35 million covid related provision for credit loss was taken.), the largest bump in earnings occurs between Q2 and Q3. So there is seasonality in eps. Whether you view it as significant or not is a matter of personal interpretation. Let's see what happens this year.

The company is much, much changed from what it was 4 years ago. I think it will be displacing a tremendous number of brick and mortar accounts towards their internet based web platform, Who wouldn't want a 1.25% interest rate on account balances or be able to open a US dollar based account with a 1% rate with the click of a button. I expect the growth to be much steadier/less bumpy going forward.

Hen

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