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Canadian (TSX) Regional Banks Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies2
  • 7D1.6%
  • 3M16.8%
  • 1Y31.6%
  • YTDn/a

In the last week, the Regional Banks industry is up 1.2%, with EQB up 2.2%. This means that the industry has gained 33% over the past year. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

Has the Canadian Regional Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026CA$5.2bCA$1.2bCA$259.7m22.2x19.9x4.2x
Mon, 30 Mar 2026CA$4.6bCA$1.2bCA$259.7m18.6x17.7x3.8x
Wed, 25 Feb 2026CA$5.1bCA$1.2bCA$284.9m21.1x17.9x4.1x
Fri, 23 Jan 2026CA$4.7bCA$1.2bCA$284.9m20.4x16.5x3.8x
Sun, 21 Dec 2025CA$4.5bCA$1.2bCA$284.9m19.3x15.9x3.6x
Tue, 18 Nov 2025CA$3.7bCA$1.2bCA$369.9m13.7x10.1x3x
Thu, 16 Oct 2025CA$4.1bCA$1.2bCA$369.9m15x11x3.3x
Sat, 13 Sep 2025CA$4.1bCA$1.2bCA$369.9m14.4x11x3.3x
Mon, 11 Aug 2025CA$4.3bCA$1.3bCA$409.3m12.4x10.6x3.4x
Wed, 09 Jul 2025CA$4.4bCA$1.3bCA$409.3m13.5x10.6x3.4x
Fri, 06 Jun 2025CA$4.0bCA$1.3bCA$426.3m11.9x9.4x3.1x
Sun, 04 May 2025CA$4.2bCA$1.3bCA$429.8m12.1x9.8x3.3x
Tue, 01 Apr 2025CA$4.2bCA$1.3bCA$429.8m11.7x9.8x3.3x
Thu, 27 Feb 2025CA$4.5bCA$1.3bCA$431.8m12.8x10.5x3.5x
Sat, 25 Jan 2025CA$10.6bCA$2.3bCA$697.6m15.9x15.2x4.6x
Mon, 23 Dec 2024CA$10.0bCA$2.3bCA$697.6m13x14.3x4.3x
Wed, 20 Nov 2024CA$10.5bCA$2.3bCA$765.8m13.7x13.7x4.6x
Fri, 18 Oct 2024CA$10.2bCA$2.3bCA$765.8m12x13.3x4.4x
Sun, 15 Sep 2024CA$9.4bCA$2.3bCA$765.8m10.2x12.3x4.1x
Tue, 13 Aug 2024CA$8.6bCA$2.3bCA$807.7m8.7x10.6x3.7x
Thu, 11 Jul 2024CA$8.3bCA$2.3bCA$807.7m8.3x10.3x3.6x
Sat, 08 Jun 2024CA$2.8bCA$1.2bCA$370.7m7.7x7.5x2.3x
Mon, 06 May 2024CA$6.2bCA$2.3bCA$799.8m7.8x7.8x2.7x
Wed, 03 Apr 2024CA$6.3bCA$2.3bCA$799.8m8.2x7.9x2.7x
Fri, 01 Mar 2024CA$6.9bCA$2.3bCA$803.0m8.6x8.5x3x
Sun, 28 Jan 2024CA$6.9bCA$2.3bCA$803.0m9x8.6x3x
Tue, 26 Dec 2023CA$6.6bCA$2.3bCA$803.0m8.8x8.3x2.9x
Thu, 23 Nov 2023CA$5.9bCA$2.1bCA$696.1m8.1x8.4x2.7x
Sat, 21 Oct 2023CA$5.5bCA$2.1bCA$696.1m7.6x7.9x2.6x
Mon, 18 Sep 2023CA$5.9bCA$2.1bCA$696.1m8.1x8.4x2.7x
Wed, 16 Aug 2023CA$5.7bCA$2.1bCA$689.5m8.5x8.3x2.7x
Fri, 14 Jul 2023CA$5.6bCA$2.0bCA$618.7m8.6x9x2.8x
Sun, 11 Jun 2023CA$5.1bCA$2.0bCA$618.7m8.4x8.3x2.6x
Tue, 09 May 2023CA$5.0bCA$2.0bCA$617.5m8.8x8.1x2.6x
Price to Earnings Ratio

8.1x


Total Market Cap: CA$5.0bTotal Earnings: CA$617.5mTotal Revenue: CA$2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Regional Banks Industry Price to Earnings3Y Average 11x202420252026
Current Industry PE
    There are only 2 companies in the Canadian Regional Banks industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Regional Banks industry have declined 25% per year over the last three years,
  • Revenues have also declined 15% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Regional Banks compare with similar industries?

CA Market0.083%
Financials0.80%
Banks1.46%
Regional Banks1.61%
Diversified Banks1.46%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EQB EQBCA$124.172.2%
+CA$96.6m		28.0%PB1.4x

Latest News

EQB
CA$124.17
EQB
7D
2.2%
1Y
28.0%

EQB: Future Returns Will Hinge On ROE Reset And Acquisition Execution

EQB's analyst price targets have shifted into a tighter CA$122 to CA$132 range, as analysts weigh a mix of recent target raises and trims, alongside expectations for return on equity recovery and related P/E multiple changes. Analyst Commentary Recent research on EQB reflects a split view, with some bullish analysts lifting price targets and others turning more cautious.
VBNK
CA$24.55
VersaBank
7D
-1.8%
1Y
56.4%

VBNK: Loan Expansion And Stablecoin Custody Will Shape Balanced Return Outlook

Analysts have raised their CA$13 price target on VersaBank to CA$14 after Q1 revenue topped estimates, citing healthy loan growth and early traction from the bank's stablecoin custody initiative, even though net interest margins came in below expectations. Analyst Commentary Analysts are updating their views on VersaBank after the latest Q1 release, focusing on how the bank balances loan growth, margins and new fee-based opportunities like stablecoin custody.