Equitable Group ( (EQGPF) ) has released its Q3 earnings. Here is a breakdown of the information Equitable Group presented to its investors.
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Equitable Group Inc., operating as EQB Inc., is a leading digital financial services company in Canada, primarily engaged in banking and wealth management through its subsidiaries Equitable Bank and ACM Advisors. Known as Canada’s Challenger Bank, it leverages technology to provide innovative banking solutions.
In its Q3 2025 earnings report, EQB Inc. announced a 17% year-over-year increase in its common share dividend, despite facing challenges from an unfavorable macroeconomic environment and pressures in the real estate market. The company reported a decrease in adjusted net income and revenue compared to the previous year.
Key financial metrics for Q3 2025 include a diluted EPS of $2.07, a 30% decrease year-over-year, and a return on equity of 10.1%. The company also reported an adjusted net income of $80.3 million, down 32% from the previous year, and a total capital ratio of 15.7%. EQ Bank, a digital platform under EQB, saw a 21% increase in customers year-over-year, reaching 586,000.
Despite the challenges, EQB Inc. remains optimistic about its growth potential, supported by a strong balance sheet and strategic leadership appointments. The company aims to continue its focus on loan book growth and customer engagement through EQ Bank.
Looking ahead, EQB Inc. plans to sharpen its strategy under the new leadership of CEO Chadwick Westlake, with a focus on delivering competitive banking options and achieving earnings growth for its shareholders.