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Last update at 2024-12-23T19:29:00Z
Equitable Bank celebrates latest funding milestone with significant $500 million deposit note
Tue 24 Sep 24, 06:05 PMEQB Inc. provides updated dates for Q3 dividend payment
Thu 12 Sep 24, 09:30 PMEQB Inc. to issue 8.000% inaugural Limited Recourse Capital Notes
Tue 09 Jul 24, 11:43 PMIf EPS Growth Is Important To You, EQB (TSE:EQB) Presents An Opportunity
Sat 29 Jun 24, 01:18 PMEQB announces voting results of annual general and special meeting of shareholders
Wed 10 Apr 24, 06:05 PMEquitable Bank closes record-setting $300 million deposit note
Tue 09 Apr 24, 02:02 PM| Breakdown | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
| Income before tax | 602.48M | 368.46M | 368.46M | 390.40M | 390.40M |
| Minority interest | - | - | - | - | - |
| Net income | 445.91M | 270.18M | 270.18M | 292.53M | 292.53M |
| Selling general administrative | - | 183.60M | 183.60M | 128.97M | 128.97M |
| Selling and marketing expenses | - | 38.68M | 38.68M | - | 22.86M |
| Gross profit | 3052.97M | 782.19M | 782.19M | 642.91M | 642.91M |
| Reconciled depreciation | - | 46.87M | 46.87M | 32.67M | 32.67M |
| Ebit | 0.00000M | 1249.06M | 1249.06M | 915.12M | 390.40M |
| Ebitda | 46.99M | 1295.93M | 1295.93M | 947.79M | 423.08M |
| Depreciation and amortization | 46.99M | 46.87M | 46.87M | 32.67M | 32.67M |
| Non operating income net other | - | - | - | - | - |
| Operating income | - | 1249.06M | 1249.06M | 915.12M | 390.40M |
| Other operating expenses | 2450.49M | 177.73M | 466.88M | 115.53M | 252.50M |
| Interest expense | 536.36M | 880.61M | 880.61M | 524.71M | 524.71M |
| Tax provision | - | 98.28M | 98.28M | 97.88M | 97.88M |
| Interest income | - | 1616.23M | 1616.23M | 1107.32M | 1107.32M |
| Net interest income | - | 735.62M | 735.62M | 582.61M | 582.61M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 156.57M | 98.28M | 98.28M | 97.88M | 97.88M |
| Total revenue | 3052.97M | 782.19M | 782.19M | 642.91M | 642.91M |
| Total operating expenses | 217.61M | - | 466.88M | - | -252.50200M |
| Cost of revenue | - | - | - | - | - |
| Total other income expense net | 602.48M | -880.60600M | -880.60600M | -524.71100M | 390.40M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | - | 270.18M | 270.18M | 292.53M | 292.53M |
| Net income applicable to common shares | - | 264.62M | 264.62M | 288.12M | 288.12M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
| Total assets | 52933.45M | 51144.96M | 51144.96M | 36159.07M | 36159.07M |
| Intangible assets | - | 145.50M | 145.50M | 92.57M | 92.57M |
| Earning assets | - | - | - | 1654.63M | 1654.63M |
| Other current assets | 2266.32M | 745.22M | 1454.25M | 464.97M | 1797.98M |
| Total liab | 50087.91M | 48610.00M | 48610.00M | 34206.44M | 34206.44M |
| Total stockholder equity | 2845.54M | 2534.95M | 2534.95M | 1952.63M | 1952.63M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 527.55M | -1447.35500M | -2.41700M | -344.05900M | -0.81800M |
| Common stock | 471.01M | 462.56M | 462.56M | 230.16M | 230.16M |
| Capital stock | - | 643.97M | 643.97M | 300.77M | 300.77M |
| Retained earnings | 2185.48M | 1870.10M | 1870.10M | 1650.76M | 1650.76M |
| Other liab | - | 133.27M | 133.27M | 102.47M | 102.47M |
| Good will | 57.59M | 57.59M | 57.59M | 16.94M | 16.94M |
| Other assets | - | 44645.81M | 44645.81M | 32613.99M | 32613.99M |
| Cash | -1316.66900M | 495.11M | 495.11M | 773.25M | 773.25M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 13792.86M | 1447.36M | 1447.36M | 344.06M | 344.06M |
| Current deferred revenue | 18.30M | - | 2.42M | - | 0.82M |
| Net debt | 18682.22M | 19041.31M | 19041.31M | 12803.02M | 12803.02M |
| Short term debt | 12929.01M | 1239.70M | 1239.70M | 200.13M | 200.13M |
| Short long term debt | - | 1239.70M | 1239.70M | 200.13M | 200.13M |
| Short long term debt total | 17365.55M | 19536.42M | 19536.42M | 13576.27M | 13576.27M |
| Other stockholder equity | 12.79M | 11.45M | 11.45M | 8.69M | 8.69M |
| Property plant equipment | - | 36.17M | 36.17M | 21.57M | 21.57M |
| Total current assets | 2266.32M | 3596.81M | 3596.81M | 2172.68M | 2172.68M |
| Long term investments | - | 2663.07M | 2663.07M | 1241.33M | 1241.33M |
| Net tangible assets | - | 2150.45M | 2150.45M | 1772.51M | 1772.51M |
| Short term investments | - | 1841.61M | 1841.61M | 670.29M | 670.29M |
| Net receivables | - | 1260.09M | 1260.09M | 729.13M | 729.13M |
| Long term debt | - | 15082.74M | 15082.74M | 11413.55M | 11413.55M |
| Inventory | - | 0.38M | -1454.25200M | 0.05M | -1797.97800M |
| Accounts payable | 318.00M | 207.65M | 207.65M | 143.93M | 143.93M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -5.15700M | 9.44M | 9.44M | -7.58300M | -7.58300M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 50288.86M | -2902.33800M | -46.78500M | -1372.40800M | -19.70200M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 50667.13M | 2902.34M | 2902.34M | 1372.41M | 1372.41M |
| Capital lease obligations | - | 10.33M | 10.33M | 8.60M | 8.60M |
| Long term debt total | - | 15093.08M | 15093.08M | 11422.15M | 11422.15M |
| Breakdown | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-10-31 | 2022-12-31 | 2022-10-31 | 2021-12-31 | 2021-10-31 |
| Investments | - | -766.76800M | -766.76800M | -379.90500M | -379.90500M |
| Change to liabilities | - | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
| Total cashflows from investing activities | - | -766.76800M | -766.76800M | -458.24600M | -458.24600M |
| Net borrowings | - | 275.00M | 275.00M | 275.00M | 275.00M |
| Total cash from financing activities | 1259.92M | 458.74M | 458.74M | -19.50400M | -19.50400M |
| Change to operating activities | - | -3994.41000M | -3994.41000M | -3974.95800M | -3974.95800M |
| Net income | 445.91M | 270.18M | 270.18M | 292.53M | 292.53M |
| Change in cash | 83.91M | -278.14500M | -278.14500M | 215.51M | 215.51M |
| Begin period cash flow | 495.11M | 773.25M | 773.25M | 557.74M | 557.74M |
| End period cash flow | 83.91M | 495.11M | 495.11M | 773.25M | 773.25M |
| Total cash from operating activities | 596.45M | 29.89M | 29.89M | 693.26M | 693.26M |
| Issuance of capital stock | - | 231.73M | 231.73M | 10.06M | 10.06M |
| Depreciation | 46.99M | 46.87M | 46.87M | 32.67M | 32.67M |
| Other cashflows from investing activities | - | -690.19700M | -690.19700M | -39.76700M | -39.76700M |
| Dividends paid | 48.49M | 47.99M | 47.99M | 29.56M | 29.56M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | - | 231.73M | -899.46500M | 10.06M | -5005.69600M |
| Other cashflows from financing activities | 865.73M | 275.00M | 2073.93M | -458.24600M | 5714.21M |
| Change to netincome | - | 4.25M | 4.25M | 55.89M | 55.89M |
| Capital expenditures | 34.97M | 76.57M | 76.57M | 38.57M | 38.57M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 50.63M | -291.41200M | -291.41200M | 312.17M | 312.17M |
| Stock based compensation | - | 3.42M | 3.42M | 2.54M | 2.54M |
| Other non cash items | 52.92M | -97.45200M | -97.45200M | -44.52800M | -44.52800M |
| Free cash flow | 561.49M | -46.68600M | -46.68600M | 654.68M | 654.68M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| EQB Equitable Group Inc. |
-0.675 0.68% | 98.69 | 11.58 | 8.55 | 3.68 | 1.35 | 23.19 |
| CWB Canadian Western Bank |
0.41 0.70% | 58.94 | 19.80 | 16.10 | 5.29 | 1.39 | 10.93 |
| LB Laurentian Bank Of Canada |
-0.19 0.66% | 28.64 | - | 7.06 | 1.26 | 0.45 | 12.64 |
| VBNK VersaBank |
-0.04 0.21% | 19.30 | 12.76 | 9.55 | 5.12 | 1.47 | 6.18 |
EQB Inc., through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions. It also offers residential mortgages, reverse mortgages, and home equity line of credit, as well as insurance loans. In addition, the company provides commercial loans, including business enterprise solutions for small-business owners, entrepreneurs, owner operators, and emerging investors; construction, bridge, or long-term financing; and structured financing solutions for specialty lenders across various asset classes of underbanked and unconventional industries. Further, it offers digital banking services. The company was formerly known as Equitable Group Inc. and changed its name to EQB Inc. in June 2022. EQB Inc. was founded in 1970 and is headquartered in Toronto, Canada.
Equitable Bank Tower, Toronto, ON, Canada, M4V 3A1
| Name | Title | Year Born |
|---|---|---|
| Mr. Andrew R. G. Moor | Pres, CEO & Director | 1960 |
| Mr. Chadwick Westlake | Sr. VP & CFO | NA |
| Mr. Ronald Tratch | Sr. VP & Chief Risk Officer | NA |
| Mr. Darren Lorimer C.F.A. | Sr. VP & Group Head of Commercial Banking | NA |
| Ms. Mahima Poddar | Sr. VP & Group Head of Personal Banking | NA |
| Mr. Daniel Broten | Sr. VP & Chief Technology Officer | NA |
| Richard Gill | Sr. Director of Corp. Devel. & Investor Relations | NA |
| Michael Mignardi | VP & Gen. Counsel | NA |
| Lisa Cinelli | VP & Chief Compliance Officer | NA |
| Ms. Jody Lynn Sperling | Sr. VP & Chief HR Officer | NA |
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