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
Tel: N/A
Website: N/A
Key People
Andrew R. Moor
President and Chief Executive Officer of the Company and Equitable Bank
Brian Leland
Vice-President, Residential Credit of Equitable Bank
Timothy Wilson
Vice-President and Chief Financial Officer of the Company and Equitable Bank
Ronald Tratch
Vice-President, Chief Risk Officer of Equitable Bank
Michelle Cole
Vice-President, Commercial Lending of Equitable Bank
Dan Dickinson
Vice-President, Digital Banking of Equitable Bank
David Downie
Vice-President, Commercial Mortgage Origination of Equitable Bank
Isabelle Farella
Vice-President , Internal Audit of Equitable Bank
Scott Fryer
Vice-President, Deposit Services of Equitable Bank
Kimberly Kukulowicz
Vice-President, Residential Sales and Partner Relations of Equitable 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 six months ended 30 June 2017, Equitable Group Inc. interest income increased 13% to C$344.2M. Net interest income after loan loss provision increased 19% to C$155.6M. Net income applicable to common stockholders increased 35% to C$79.9M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 2% to 1.65%, Mortgages - Core Lending increase of 18% to C$247.6M.
Employees: 555 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $8,518M as of Jun 30, 2017
Annual revenue (TTM): $677.29M as of Jun 30, 2017
EBITDA (TTM): $405.42M as of Jun 30, 2017
Net annual income (TTM): $154.45M as of Jun 30, 2017
Free cash flow (TTM): $390.14M as of Jun 30, 2017
Net Debt Last Fiscal Year: $7,575M as of Jun 30, 2017
Shares outstanding: 16,477,654 as of Jun 30, 2017
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization