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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 W Suite 700
Tel: N/A
Website: N/A
Key People
David M. Balfour LeGresley
Independent Chairman of the Board
Andrew R. Moor
President, Chief Executive Officer and Director of the Company and Equitable Bank
Timothy Wilson
Chief Financial Officer, Senior Vice President
Ronald Tratch
Senior Vice President, Chief Risk Officer of Company and Bank
Kimberly Kukulowicz
Senior Vice President - Marketing and Residential Sales
Jody Sperling
Senior Vice President - Human Resources
Dan Dickinson
Senior Vice President, Chief Digital Officer
Brian Leland
Senior Vice President - Residential Lending
Darren Lorimer
Senior Vice President - Commercial Lending
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 nine months ended 30 September 2019, Equitable Group Inc. interest income increased 33% to C$823.3M. Net interest income after loan loss provision increased 28% to C$323.3M. Net income applicable to common stockholders increased 21% to C$147.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 9% to 1.73%, Other increase of 50% to C$19.4M, Investments increase of 54% to C$6.2M.
Employees: 669 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $11,324M as of Sep 30, 2019
Annual revenue (TTM): $1,063M as of Sep 30, 2019
EBITDA (TTM): $533.09M as of Sep 30, 2019
Net annual income (TTM): $185.98M as of Sep 30, 2019
Free cash flow (TTM): -$215.83M as of Sep 30, 2019
Net Debt Last Fiscal Year: $10,384M as of Sep 30, 2019
Shares outstanding: 16,743,253 as of Oct 15, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization