Q2 2026 EQB Inc Earnings Call Transcript

May 28, 2026 / 02:30 PM GMT

Release Date Price: $85.3 (+3.27%)

Transcript

Key Points

Positve

EQB Inc (EQGPF) is set to close the acquisition of PC Financial on July 1, 2026, which is expected to significantly enhance their growth trajectory and customer base.
The company reported a 53% quarter-over-quarter growth in new customer acquisition for their small business banking platform.
EQ Bank deposit balances surpassed $10 billion, with strong digital customer acquisition of about 30,000 new customers in the quarter.
The company has made significant strides in AI adoption, with over 80% of employees using AI-assisted tools daily, enhancing productivity and efficiency.
EQB Inc (EQGPF) announced a 3% dividend increase, continuing their strong track record of returning capital to shareholders.

Negative

EPS and ROE were down from last year, reflecting a stronger growth in the credit environment at that time.
The company experienced higher provisions for credit losses, impacting their financial performance.
There is increased competition in the uninsured commercial real estate lending market, which remains difficult.
Impaired PCLs increased in the personal and commercial portfolios, reflecting higher provisions and prolonged resolution timelines.
The macroeconomic environment remains challenging, with elevated unemployment, geopolitical tensions, and a softer housing market impacting recovery expectations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EQB.TO - EQB Inc
Q2 2026 EQB Inc Earnings Call
May 28, 2026 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to EQB's earnings call for the second quarter of 2026.

This call is being recorded on Thursday, May 28, 2026.

It is now my pleasure to turn the call over to Limar Prasad, Vice President and Head of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and good morning, everyone. Your hosts for today's Q2 results call are Chadwick Westlake, President and CEO, Annalisa Sinani, CFO, and Marlene Lenarduzzi, CRO. Also present for the Q&A session is Darren Lorimer, EVP, Commercial Banking, and Daniel Rattazzi, EVP, Personal Banking

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