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Equitable Group Inc. (T:EQB)

Business Focus: Consumer Lending

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Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEDAR
Company Contact
Address: 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 six months ended 30 June 2019, Equitable Group Inc. interest income increased 36% to C$539.8M. Net interest income after loan loss provision increased 31% to C$208.7M. Net income applicable to common stockholders increased 24% to C$93.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 11% to 1.72%, Other increase of 59% to C$12.7M, Investments increase of 53% to C$3.9M.
Employees: 669 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $11,021M as of Jun 30, 2019
Annual revenue (TTM): $1,002M as of Jun 30, 2019
EBITDA (TTM): $506.79M as of Jun 30, 2019
Net annual income (TTM): $178.84M as of Jun 30, 2019
Free cash flow (TTM): -$256.93M as of Jun 30, 2019
Net Debt Last Fiscal Year: $9,600M as of Jun 30, 2019
Shares outstanding: 16,673,815 as of Aug 14, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization