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Equitable Group Inc. (T:EQB)

Business Focus: Consumer Lending

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEDAR
Company Contact
Address: 30 St. Clair Ave. West, Suite 700
Tel: N/A
Website: N/A
Key People
Andrew R. Moor
President, Chief Executive Officer and Director of the Company and Equitable Bank
Chadwick Westlake
Chief Financial Officer, Senior Vice President
Dan Dickinson
Senior Vice President, Chief Information Officer
Ronald Tratch
Senior Vice President, Chief Risk Officer of Company and Bank
Jody Sperling
Senior Vice President - Human Resources
Darren Lorimer
Senior Vice President - Commercial Lending
Mahima Poddar
Senior Vice President, Group Head of Personal Banking
Business Overview
Equitable Group Inc. is a Canada-based company that is engaged in financial services business. The Company operates through its wholly-owned subsidiary, Equitable Bank. It serves retail and commercial customers across Canada with a range of savings solutions and lending products, offered under the Equitable Bank and EQ Bank brands. Its retail lending includes alternative single family lending and prime single family residential lending. Its commercial lending products includes commercial mortgage lending and insured multi-unit residential lending. It also serves the Canadian equipment leasing market through its subsidiary, Bennington Financial Corp. (Bennington). Bennington finances a range of assets with a focus on transportation, construction and food service equipment.
Financial Overview
For the six months ended 30 June 2021, EquitableGroup Inc. interest income decreased 5% to C$541.8M. Netinterest income after loan loss provision increased 43% toC$278.6M. Net income applicable to common stockholdersincreased 81% to C$137.8M. Net interest income after loanloss provision reflects Net Interest Margin, Total -%increase of 7% to 1.79%, Loans - Commercial increase of 3%to C$204.4M, Investments increase of 16% to C$6.7M.
Employees: 925 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $14,275M as of Jun 30, 2021
Annual revenue (TTM): $1,096M as of Jun 30, 2021
EBITDA (TTM): $418.48M as of Jun 30, 2021
Net annual income (TTM): $280.88M as of Jun 30, 2021
Free cash flow (TTM): $273.09M as of Jun 30, 2021
Net Debt Last Fiscal Year: $11,142M as of Jun 30, 2021
Shares outstanding: 16,966,407 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization