Q1 2026 EQB Inc Earnings Call Transcript
Key Points
- EQB Inc (EQGPF) significantly improved its efficiency ratio compared to Q4, enhancing its competitive advantage.
- The company reported a 48% improvement in EPS over Q4, reaching $2.26 per share.
- EQB Inc (EQGPF) achieved a 30 basis point expansion in its CET1 ratio to 13.6%, indicating a strong capital position.
- The reverse mortgage business experienced 5% sequential growth, gaining market share.
- The commercial banking segment saw an 11% sequential increase in new originations, driven by the CMHC program and demand for multi-unit residential housing.
- EPS and ROE were down compared to Q1 2025, reflecting a stronger growth environment last year.
- Non-interest revenue declined 17% year over year, primarily due to lower gains on hedging and derivatives.
- Gross impaired loans increased 10% quarter over quarter, indicating elevated credit risk.
- The company anticipates continued macroeconomic uncertainty, impacting consumer and business confidence.
- Net interest income was down 3% year over year, with net interest margins slightly declining.
Welcome to EQB's earnings call for the first quarter of 2026. This call is being recorded on Thursday, February 26, 2026. At this time you are in a listen-only mode. Later we will conduct a question-and-answer session for analysts. Instructions will be provided at that time. It is now my pleasure to turn the call over to Lamar Prasad, Vice President and head of investor relations. Please go ahead.
Thank you, Marissa, and good morning, everyone. Your host for today's Q1 results call are Chadwick Westlake, President and CEO Annalisa Sinani, CFO, and Marlene Leonardduzzi, CRO. Also present for the Q&A session is Darren Lorrimer, group head of commercial banking. After prepared remarks, we will open the lines for questions from our pre-qualified analysts. For those on the phone lines only, we encourage you to also log into our webcast and view our quarterly presentation, which will be referenced during the prepared remarks. On slide 2 of our presentation, you will find EQV's caution regarding forward-looking
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