EQB Past Earnings Performance
Past criteria checks 2/6
EQB has been growing earnings at an average annual rate of 0.8%, while the Banks industry saw earnings growing at 2.1% annually. Revenues have been growing at an average rate of 13.9% per year. EQB's return on equity is 6.2%, and it has net margins of 17.9%.
Key information
0.79%
Earnings growth rate
-2.13%
EPS growth rate
| Banks Industry Growth | 6.22% |
| Revenue growth rate | 13.93% |
| Return on equity | 6.16% |
| Net Margin | 17.87% |
| Last Earnings Update | 30 Apr 2026 |
Recent past performance updates
Recent updates
Analysis Article • Jun 20
EQB (TSX:EQB) Stock Could Be 38.4% Below Fair Value After New Business Card Launch
EQB (TSX:EQB) is drawing renewed investor interest after EQ Bank introduced a prepaid, reloadable Mastercard for Canadian small business owners. The card combines business account integration with interest on balances and uncapped cashback rewards. See our latest analysis for EQB. That product launch comes as EQB’s share price has moved to CA$126.19, with a 1-month share price return of 9.17% and a 3-month share price return of 17.47%, while the 1-year total shareholder return sits at 37.69%...
Narrative Update • Jun 07
EQB: Future Returns Will Reflect Acquisition Execution And Credit Risk Discipline
Narrative Update on EQB The analyst price target for EQB has been nudged higher to CA$122.89 from CA$122.33, as analysts factor in updated fair value estimates, modest adjustments to discount rate and growth assumptions, and ongoing expense management efforts alongside the pending PC Financial acquisition highlighted in recent research. Analyst Commentary Recent research around EQB offers a mixed but constructive tone, with several firms adjusting price targets and highlighting both execution upside and key risks tied to credit quality and the pending PC Financial acquisition.Narrative Update • May 23
EQB: Future Returns Will Depend On Acquisition Integration And Mixed ROE Outlook
EQB's analyst price target has edged up by about CA$0.72, supported by recent target revisions from several firms that combine higher CA$ targets from RBC and Scotiabank with a modest reduction from TD Securities and more cautious commentary from other analysts. Analyst Commentary Recent research on EQB reflects a mix of optimism and caution, with several firms adjusting their CA$ targets in different directions.Narrative Update • Apr 27
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.Narrative Update • Apr 11
EQB: Future Returns Will Depend On ROE Recovery And Capital Return Execution
EQB's updated analyst price target has shifted modestly higher to CA$121.61, reflecting a slightly lower discount rate and largely unchanged P/E and margin assumptions as analysts balance recent target moves and mixed rating actions across the Street. Analyst Commentary Recent Street research on EQB points to a split view, with some raising price targets and ratings while others turn more cautious.Narrative Update • Mar 27
EQB: Future Returns Will Hinge On ROE Recovery And Buyback Execution
Narrative Update on EQB The analyst price target for EQB has been trimmed slightly, with the modelled fair value easing from CA$123.50 to about CA$121.61, as analysts factor in a modestly lower profit margin outlook and a slightly higher discount rate, despite several recent target increases from major banks. Analyst Commentary Recent Street research on EQB shows a mix of optimism on execution and growth potential alongside fresh caution on risk and valuation, which helps explain why the modelled fair value has held close to, but slightly below, the higher end of published targets.Narrative Update • Mar 12
EQB: Future Returns Will Depend On ROE Recovery And Capital Returns
The updated analyst price target for EQB moves to CA$123.50 from CA$117.17, reflecting recent Street target changes into the CA$122 to CA$132 range as analysts point to higher modeled profit margins and a lower future P/E multiple. Analyst Commentary Recent research updates on EQB cluster around higher price targets and refreshed views on earnings power, with most analysts staying constructive while a few turn slightly more cautious on how much upside is already reflected in the shares.Narrative Update • Feb 25
EQB: Future Returns Will Rely On ROE Recovery And Capital Returns
The analyst price target for EQB has been revised higher to reflect a fair value estimate of CA$117.17, up from CA$108.89. Analysts point to the potential for a recovery in return on equity and related P/E multiple expansion, supported by recent target increases and rating upgrades across the Street.Narrative Update • Feb 11
EQB: Future Returns Will Depend On Execution And Ongoing Capital Returns
Analysts have nudged their fair value estimate for EQB to about $109 from roughly $107, reflecting modest tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. This adjustment is supported by recent Street research that includes a higher C$105 price target and an upgrade in rating.Narrative Update • Jan 27
EQB: Future Returns Will Depend On Execution And Ongoing Share Repurchases
Analysts have lifted their fair value estimate for EQB to about $107.22 from $104.78, citing updated assumptions for the discount rate, profit margin, revenue trajectory and a slightly higher future P/E multiple that align with recent price target increases from the Street. Analyst Commentary Recent Street research on EQB signals that analysts are refining their views around valuation and execution, with fresh price targets and upgraded views reflecting updated assumptions on discount rates, margins and revenue mix.Narrative Update • Jan 12
EQB: Future Returns Will Hinge On Execution And Share Repurchases
EQB's analyst price target has increased from about C$102 to roughly C$105 as analysts factor in updated assumptions on fair value, growth, margins and future P/E multiples reflected in the latest research. Analyst Commentary Recent research updates show a cluster of price targets around C$105, which sets a reference point for how analysts currently frame EQB's risk and reward.Narrative Update • Aug 29
Urban Market Focus Will Provide Future High-Quality Lending Opportunities
Analysts have reduced EQB’s price target to CA$106.20 due to concerns over slowing loan growth, rising expenses, and deposit challenges outweighing its strong capital position, resulting in a more cautious outlook. Analyst Commentary Analysts cite a slowdown in mortgage and loan growth as a risk to EQB's previous mid-teens growth expectations.Analysis Article • Mar 01
EQB (TSE:EQB) Is Paying Out A Larger Dividend Than Last Year
EQB Inc. ( TSE:EQB ) has announced that it will be increasing its dividend from last year's comparable payment on the...Analysis Article • Feb 03
Do EQB's (TSE:EQB) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
New Narrative • Dec 30
EQ Bank's Digital Innovations And Prime Lending Focus Will Drive Earnings Growth
Strategic shift to high-credit quality financing and decumulation lending growth is expected to improve margins and increase revenue.Analysis Article • Dec 09
EQB's (TSE:EQB) Upcoming Dividend Will Be Larger Than Last Year's
EQB Inc. ( TSE:EQB ) will increase its dividend from last year's comparable payment on the 31st of December to CA$0.49...Analysis Article • Sep 02
EQB's (TSE:EQB) Dividend Will Be Increased To CA$0.47
The board of EQB Inc. ( TSE:EQB ) has announced that it will be paying its dividend of CA$0.47 on the 30th of...Analysis Article • Jun 30
Do EQB's (TSE:EQB) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Mar 05
EQB (TSE:EQB) Will Pay A Larger Dividend Than Last Year At CA$0.42
EQB Inc. ( TSE:EQB ) will increase its dividend from last year's comparable payment on the 28th of March to CA$0.42...Analysis Article • Dec 14
EQB (TSE:EQB) Is Increasing Its Dividend To CA$0.40
EQB Inc. ( TSE:EQB ) has announced that it will be increasing its dividend from last year's comparable payment on the...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How EQB makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Apr 26 | 1,059 | 189 | 510 | 0 |
| 31 Jan 26 | 1,088 | 228 | 486 | 0 |
| 31 Oct 25 | 1,124 | 256 | 486 | 0 |
| 31 Jul 25 | 1,127 | 341 | 328 | 0 |
| 30 Apr 25 | 1,160 | 378 | 510 | 0 |
| 31 Jan 25 | 1,169 | 395 | 467 | 0 |
| 31 Oct 24 | 1,148 | 390 | 423 | 0 |
| 31 Oct 23 | 1,124 | 438 | 253 | 0 |
| 30 Jun 23 | 959 | 346 | 239 | 0 |
| 31 Mar 23 | 819 | 275 | 221 | 0 |
| 31 Dec 22 | 745 | 265 | 199 | 0 |
| 30 Sep 22 | 710 | 300 | 168 | 0 |
| 30 Jun 22 | 686 | 295 | 160 | 0 |
| 31 Mar 22 | 687 | 307 | 153 | 0 |
| 31 Dec 21 | 651 | 288 | 145 | 0 |
| 30 Sep 21 | 629 | 279 | 146 | 0 |
| 30 Jun 21 | 615 | 281 | 130 | 0 |
| 31 Mar 21 | 576 | 263 | 122 | 0 |
| 31 Dec 20 | 515 | 219 | 119 | 0 |
| 30 Sep 20 | 499 | 204 | 108 | 0 |
| 30 Jun 20 | 472 | 185 | 114 | 0 |
| 31 Mar 20 | 471 | 186 | 114 | 0 |
| 31 Dec 19 | 484 | 202 | 111 | 0 |
| 30 Sep 19 | 442 | 186 | 104 | 0 |
| 30 Jun 19 | 420 | 179 | 97 | 0 |
| 31 Mar 19 | 388 | 162 | 90 | 0 |
| 31 Dec 18 | 374 | 161 | 84 | 0 |
| 30 Sep 18 | 368 | 161 | 79 | 0 |
| 30 Jun 18 | 349 | 151 | 76 | 0 |
| 31 Mar 18 | 348 | 153 | 74 | 0 |
| 31 Dec 17 | 348 | 156 | 72 | 0 |
| 30 Sep 17 | 346 | 157 | 70 | 0 |
| 30 Jun 17 | 339 | 154 | 69 | 0 |
| 31 Mar 17 | 325 | 149 | 70 | 0 |
| 31 Dec 16 | 303 | 134 | 66 | 0 |
| 30 Sep 16 | 284 | 123 | 63 | 0 |
| 30 Jun 16 | 272 | 120 | 57 | 0 |
| 31 Mar 16 | 263 | 120 | 52 | 0 |
| 31 Dec 15 | 255 | 121 | 48 | 0 |
| 30 Sep 15 | 245 | 116 | 49 | 0 |
| 30 Jun 15 | 236 | 112 | 48 | 0 |
Quality Earnings: EQB has high quality earnings.
Growing Profit Margin: EQB's current net profit margins (17.9%) are lower than last year (32.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EQB's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: EQB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EQB had negative earnings growth (-49.9%) over the past year, making it difficult to compare to the Banks industry average (18.2%).
Return on Equity
High ROE: EQB's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/21 01:09 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2025/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
EQB Inc. is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lemar Persaud | ATB Cormark Historical (Cormark Securities) |
| Etienne Ricard | BMO Capital Markets Equity Research |
| Sohrab Movahedi | BMO Capital Markets Equity Research |