EQB (TSX:EQB) Credit Losses Provision : C$118 Mil (As of Apr. 2025)

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What is EQB Credit Losses Provision?

EQB's credit losses provision for the three months ended in Apr. 2025 was C$30 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Apr. 2025 was C$118 Mil.

EQB's quarterly credit losses provision declined from Oct. 2024 (C$48 Mil) to Jan. 2025 (C$19 Mil) but then increased from Jan. 2025 (C$19 Mil) to Apr. 2025 (C$30 Mil).

EQB's annual credit losses provision increased from Dec. 2021 (C$-8 Mil) to Dec. 2022 (C$37 Mil) and increased from Dec. 2022 (C$37 Mil) to Oct. 2024 (C$107 Mil).

EQB Credit Losses Provision Historical Data

The historical data trend for EQB's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EQB Credit Losses Provision Chart

EQB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Oct24

Credit Losses Provision

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18.39

42.28

-7.67

37.26

107.01

EQB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25
Credit Losses Provision	Get a 7-Day Free Trial															22.22	21.27	47.99	18.68	30.23

EQB Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Apr. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was C$118 Mil.

EQB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

EQGPF:USA

Address

30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1

Website

https://www.eqbank.ca

EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.

Executives

Smith Financial Corporation	10% Security Holder
Stephen Smith	10% Security Holder
Andrew Moor	Senior Officer
Katherine Ruta	Senior Officer
Chadwick Westlake	Senior Officer
Timothy Paul Charron	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Daniel Broten	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Paul Mignardi	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Darren Lorimer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Isabelle Farella	Senior Officer
Mahima Poddar	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Stramaglia	Director
David Wilkes	Senior Officer
Yongah Kim	Director
Oakwest Corporation Limited	10% Security Holder

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