EQB Inc
EQB
ISIN CA26886R1047 / Valor 119574466
EQB Inc
UMushroom community rating:
About company
EQB Inc. is a prominent digital financial services company with significant assets under management and administration. It operates through Equitable Bank, one of Canada's largest banks, and ACM Advisors, specializing in alternative assets. Equitable Bank, known as Canada's Challenger Bank™, aims to revolutionize the Canadian banking industry by providing innovative banking experiences to its large customer base. With a focus on leveraging technology, Equitable Bank offers personal and commercial banking services to over 607,000 customers and six million credit union members. Its digital EQ Bank platform has been recognized as the best bank in Canada by Forbes World's Best Banks list. Personal Banking, a key segment of the company, serves nearly 584,000 Canadians with significant loans under management.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Interest Income
In Q2 2024, EQB Inc. reported a net interest income of $267,338,000, reflecting a 4% increase from the previous quarter (Q1 2024) and an 11% increase compared to Q1 2023. This growth indicates a strong performance in the company's core lending and investment activities.
Revenue Growth
EQB Inc.'s revenue for Q2 2024 was $316,660,000, marking a 6% rise from Q1 2024 and a significant 20% increase from Q1 2023. The year-over-year growth highlights the company's ability to generate higher income from its operations.
Net Income
For Q2 2024, EQB Inc. achieved a net income of $111,042,000, which is a 2% increase from Q1 2024 and a 9% rise compared to Q1 2023. This steady growth in net income demonstrates the company's effective cost management and profitability.
Efficiency Ratio
EQB Inc.'s efficiency ratio for Q2 2024 was 45.2%, slightly higher than the 44.9% reported in Q1 2024 but an improvement from the 45.4% in Q1 2023. A lower efficiency ratio indicates better operational efficiency and cost control.
Dividends
In Q2 2024, EQB Inc. declared a dividend of $0.42 per common share, a 5% increase from the $0.40 per share in Q1 2024 and higher than the $0.35 per share in Q1 2023. This consistent increase in dividends reflects the company's commitment to returning value to its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2637 M
Market cap (USD)
51,444
Daily traded volume (Shares)
99.31 / 97.87
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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