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EQB Inc
Previous close
$61.09
Year range
$44.47 - $71.76
Market cap
3.24B CAD
Avg Volume
600.00
P/E ratio
-
Dividend yield
-
Primary exchange
TSE
Market news
Financials
Income Statement
Revenue
Net income
(CAD) | Jan 2024info | Y/Y change |
---|---|---|
Revenue | 283.24M | 8.28% |
Operating expense | 139.48M | 10.22% |
Net income | 104.23M | 4.74% |
Net profit margin | 36.80 | -3.26% |
Earnings per share | 2.76 | 5.34% |
EBITDA | — | — |
Effective tax rate | 27.39% | — |
Balance Sheet
Total assets
Total liabilities
(CAD) | Jan 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 1.71B | 17.26% |
Total assets | 53.10B | 2.52% |
Total liabilities | 50.18B | 2.03% |
Total equity | 2.92B | — |
Shares outstanding | 38.17M | — |
Price to book | 0.86 | — |
Return on assets | 0.79% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(CAD) | Jan 2024info | Y/Y change |
---|---|---|
Net income | 104.23M | 4.74% |
Cash from operations | -274.15M | 40.72% |
Cash from investing | 66.71M | 137.84% |
Cash from financing | 201.72M | -58.77% |
Net change in cash | -5.72M | 96.18% |
Free cash flow | — | — |
About
Equitable Bank is a Canadian bank that specializes in residential and commercial real estate lending, as well as personal banking through its digital arm, EQ Bank. Founded in 1970 as The Equitable Trust Company, it became a Schedule I Bank in 2013 and has since grown to become Canada's seventh largest bank by assets.
EQ Bank was Canada's first digital bank, serving more than 578,000 customers across Canada. EQ Bank has been recognized as the Top Schedule I Bank in Canada by Forbes World's Best Banks for three years in a row.
As of 2023, Equitable Bank had over $31 billion in deposits and over $111 billion in combined assets under management and administration. It offers a range of financial solutions, including mortgages, business financing, and bank accounts. It operates from its headquarters in Toronto and has regional offices in Calgary, Halifax, Montreal, and Vancouver. It is a publicly traded company on the Toronto Stock Exchange under the symbol EQB and a member of the Canada Deposit Insurance Corporation. Wikipedia
CEO
Founded
1970
Headquarters
Website
Employees
1,800