Equitable Group ( (EQGPF) ) has released its Q1 earnings. Here is a breakdown of the information Equitable Group presented to its investors.
Equitable Group Inc., operating under the name EQB, is a prominent 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, EQB leverages technology to provide innovative banking solutions to a diverse customer base.
In its latest earnings report for the first quarter of 2025, EQB showcased robust financial performance with significant growth in key areas. The company reported an adjusted diluted earnings per share of $2.98, marking an 8% increase year-over-year and a 19% rise quarter-over-quarter. Total assets under management and administration reached $132 billion, reflecting an 11% increase from the previous year.
Key financial highlights include a 15.2% adjusted return on equity and a 21% year-over-year increase in common share dividends. EQB also reported a notable 26% year-over-year growth in EQ Bank customers, reaching over 536,000. The company’s commercial banking segment saw an 18% year-over-year increase in loans under management, driven by a 30% growth in multi-unit residential loans.
Looking ahead, EQB’s management remains optimistic about the company’s growth prospects, citing favorable interest rate conditions and strong market positions in various lending sectors. The company aims to continue leveraging its innovative digital offerings to expand its customer base and enhance shareholder value.