eqbank.investorroom.comEquitable Bank Investor Relations - Investor Relations

Opens in a new window Opens an external site Opens an external site in a new window Search:Sign in Home News Events & Presentations Toggle links Events Presentations 2022 Investor Day Stock Info Toggle links Stock Quote & Chart Historical Stock Price Dividend History Analyst Coverage Financials Toggle links Quarterly Results Annual Reports SEDAR® Filings Governance Toggle links Governance Documents Executive Management Board of Directors Committee Composition Debt Investors Toggle links Credit Ratings Covered Bond Programme Responsibility Toggle links Responsibility Overview Responsibility Framework Carbon Neutrality Corporate Policies Open Banking Toggle links Overview Resources Resources Toggle links Investor Alerts Contact Investor Relations Investor Relations We drive change in Canadian banking to enrich people’s lives Corporate Overview EQB Inc. (TSX: EQB and EQB.PR.C) is a leading digital financial services company with $119 billion in combined assets under management and administration (as at January 31, 2024). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada’s seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada’s Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people’s lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 607,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform (eqbank.ca), its customers have named it one of Canada’s top banks on the Forbes World’s Best Banks list since 2021. EQB Live Stock Price TSX: EQB TSX: EQB.PR.C Q1 2024 Earnings Release MD&A and Financial Statements Fact Sheet Supplemental Information Earnings Conference Call Investor Alerts Feb 28, 2024 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 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... EQB MD&A and Financial Statements Q1 2024 PDF Download EQB Fact Sheet Q1 2024 Download EQB Q1 2024 Supplemental Financial Information PDF Download EQB Q1 2024 Supplemental Financial Information Excel Download EQB Q1 2024 Supplemental Regulatory Disclosures PDF Download EQB Q1 2024 Supplemental Regulatory Disclosures Excel Download Q1 2024 EQB Inc. Earnings Conference Call Thursday, February 29, 2024 10:00am - 11:00am EST View Events Our Business Lines With nearly 1,800 employees across Canada, the Bank operates through two main divisions each with multiple diverse business lines - Personal Banking and Commercial Banking, with recognized brands including Equitable Bank, EQ Bank, Bennington Financial and Concentra Trust. Personal Banking Personal Banking operates through five businesses lines: EQ Bank, Residential Lending, Wealth Decumulation, and now consumer lending through partnerships, a segment added with the Concentra Bank acquisition, and payments as a service supporting our fintech partners. Personal Banking serves nearly 584,000 Canadians, with total loans under management of ~$33 billion. 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. Our savings products are offered through EQ Bank, Equitable Bank, Equitable Trust, and a network of independent financial planners and brokers. Equitable Bank and Equitable Trust are each members of the Canada Deposit Insurance Corporation. Commercial Banking Commercial Banking operates through seven business lines: Business Enterprise Solutions, Commercial Finance Group, Multi-unit Insured, Specialized Finance, Equipment Leasing, Credit Union & Concentra Trust. Commercial Banking serves over 21,000 Canadian businesses and has ~$31 billion in loans under management. We lend 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. Our businesses compete based on service excellence, the breadth and strength of our partnerships & our in-depth knowledge of target markets. Open Banking We are dedicated proponents of Open Banking, with a goal to deliver a better, more seamless banking experience for all Canadians ESG We are committed to running a sustainable, socially-responsible Bank through our Environmental, Social and Governance practices Executive Bios We are led by a diverse group of highly experienced executives, with decades of specialized leadership amongst them Reasons to Invest Proven track record We deliver long-term shareholder value through measured growth and financial discipline. We choose to play in areas that we can win and constantly explore ways to challenge the status quo. Our ROE is our north star and we have consistently delivered on this metric, averaging an ROE of +16%* over the last 10 years. *This non-GAAP adjusted measure is as of January 31, 2024 and is calculated by taking the average of the last forty quarters’ ROE. Each quarter’s ROE is defined as net income available to common shareholders as a percentage of weighted average common equity outstanding during the period. Leading Canadian digital bank We offer Canadians the chance to get more out of everyday dollars by earning high interest and not paying fees for everyday banking. We serve those who are looking to do things differently and aren’t getting all that they need from their traditional bank. The trend is catching on: nearly 400,000 (and growing) Canadians have opened an EQ Bank account. Innovation We are the first Bank in Canada to host its core banking system in the cloud, enabling scalability for our personal and commercial banking solutions. We operate using a strategic partnership model that allows us to create and collaborate with fintechs and other tech-enabled organizations to offer borrowing and lending solutions for people and businesses. Fortress balance sheet We are guided by our prudent risk appetite and benefit from our differentiated underwriting expertise, and as a result, we operate with very low credit losses. Our loan book is almost 100% secured, and we hold first credit position on all loans. We have made drastic enhancements to our sources of funding over the last 5 years and continue to diversify our funding stack through EQ Bank, covered bonds, bearer deposit notes and more. Latest News Apr 25, 2024 EQB to announce second quarter 2024 results and host earnings call Apr 24, 2024 Equitable Bank named among LinkedIn Top Companies in Canada Apr 23, 2024 Equitable Bank completes the first-ever Social Covered Bond issued by a Canadian bank Apr 10, 2024 EQB announces voting results of annual general and special meeting of shareholders Apr 9, 2024 EQB outlines progress toward a more sustainable future in 2023 Responsibility Report Apr 9, 2024 Equitable Bank closes record-setting $300 million deposit note Mar 14, 2024 Equitable Bank releases Public Accountability Statement and inaugural Sustainable Bond Framework Mar 13, 2024 EQB Chief Executive Officer Andrew Moor to speak at National Bank Financial’s 22nd Annual Financial Services Conference All news releases Recent Events Annual and Special Meeting of Shareholders Wednesday, April 10, 2024 10:00am EDT Join the Meeting Additional Information Andrew Moor speaks at National Bank 22nd Annual Financial Services Conference Tuesday, March 26, 2024 All events & presentations Sign up for Investor Alerts Subscribe ™ Trademark of Equitable Bank, All Rights Reserved EQ Bank is a trade name of Equitable Bank....