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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, 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

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Post by retiredcfon Jun 02, 2024 10:38am
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Post# 36068202

Another View

Another ViewEPS of $2.81 beat estimates of $2.69 and revenues of $316.66M beat estimates of $299.14M. Adjusted ROE was 15.9% (reported 15.1%), sales grew 20% year-over-year, and its net interest margin expanded by 16 basis points year-over-year. Its total AUM grew 18% on the year, and customer growth for its EQ Bank segment grew 36% for the year. Management noted that the first half has been trending to its expectations with strong sales, earnings growth and ROE well-above its target at almost 16% year-to-date. Shares are up nicely after the release, and at a 7.1X forward earnings multiple, we would be comfortable buying EQB today. (5iResearch)
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