Equitable Group Inc. (T:EQB)

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Business Focus: Consumer Lending

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Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEDAR
Company Contact
Address: Equitable Bank Tower
30 St Clair Ave W Suite 700
TORONTO ON M4V 3A1
Tel: N/A
Website: N/A
IR: N/A
Key People
David M. Balfour LeGresley
Independent Chairman of the Board
Brian Leland
Vice President - Residential Credit of Company and Bank
Andrew R. Moor
President, Chief Executive Officer and Director of the Company and Equitable Bank
Timothy Wilson
Vice-President and Chief Financial Officer of the Company and Equitable Bank
Dan Ruch
Chief Compliance Officer, Vice President of Company and Bank
Ronald Tratch
Vice-President, Chief Risk Officer of Company and Bank
Jody Sperling
Vice President of Human Resources of Company and Bank
Aviva Braude
Vice-President - Mortgage Services of Company and Bank
Dan Dickinson
Vice-President - Digital Banking of Company and Bank
Kimberly Kukulowicz
Vice President - Residential Sales and Partner Relations of Company and Bank
   
Business Overview
Equitable Group Inc. is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands. Equitable Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. The Bank also provides Canadians with various saving options that offer security and attractive interest rates, including Guaranteed Investment Certificates (GICs), High Interest Savings Accounts (HISAs) and deposit notes. The Bank offers single family lending services, commercial lending services, securitization financing and deposit services.
Financial Overview
For the three months ended 31 March 2018, Equitable Group Inc. interest income increased 13% to C$192.8M. Net interest income after loan loss provision increased 4% to C$80.5M. Net income applicable to common stockholders decreased 8% to C$39M. Net interest income after loan loss provision reflects Mortgages - Core Lending increase of 17% to C$143.1M, Other increase from C$1.3M to C$3.8M.
Employees: 596 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $8,517M as of Mar 31, 2018
Annual revenue (TTM): $732.80M as of Mar 31, 2018
EBITDA (TTM): $425.09M as of Mar 31, 2018
Net annual income (TTM): $152.63M as of Mar 31, 2018
Free cash flow (TTM): $203.05M as of Mar 31, 2018
Net Debt Last Fiscal Year: $6,961M as of Mar 31, 2018
Shares outstanding: 16,515,238 as of Apr 27, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization