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    EQB   CA26886R1047

EQB INC.

(EQB)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-02-02 pm EST
67.03 CAD   +1.56%
01/12National Bank Says Focus on Companies with De-Risked Growth
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01/10EQB Inc. to report fourth quarter 2022 results February 16, 2023, host earnings call and webcast February 17, 2023
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2022EQB Inc.'s Equity Buyback announced on December 21, 2021, has expired.
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Equitable Bank increases prime rate

12/07/2022 | 03:52pm EST

TORONTO, Dec. 7, 2022 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), a wholly owned subsidiary of EQB Inc. (the "Company") (TSX: EQB) (TSX: EQB.PR.C) today announced it is increasing its prime lending rate by 50 basis points to 6.45% from 5.95%. Equitable's wholly owned subsidiary Concentra Bank is also increasing its prime lending rate by 50 basis points to 6.45% from 5.95%. Both rates are effective December 8, 2022.

About Equitable Bank
EQB Inc. trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C) and serves more than 370,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™. Equitable Bank's wholly owned subsidiary Concentra Bank supports credit unions across Canada that serve more than 5 million members. Equitable Bank has over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Founded over 50 years ago, Canada's Challenger Bank™ provides diversified personal and commercial banking and through its EQ Bank platform (eqbank.ca) and has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2022 and 2021 lists. Please visit equitablebank.ca for details.

Investor contact:
Richard Gill
Vice President, Corporate Development & Investor Relations
investor_enquiry@eqbank.ca

Media contact:
Jessica Kosmack
Senior Manager, Communications
jkosmack@eqbank.ca

 

Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/equitable-bank-increases-prime-rate-301697588.html

SOURCE EQB Inc.

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on EQB INC.
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Financials
Sales 2022 725 M 545 M 545 M
Net income 2022 306 M 230 M 230 M
Net Debt 2022 - - -
P/E ratio 2022 7,68x
Yield 2022 1,84%
Capitalization 2 518 M 1 891 M 1 891 M
Capi. / Sales 2022 3,47x
Capi. / Sales 2023 2,78x
Nbr of Employees 1 393
Free-Float 66,1%
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Technical analysis trends EQB INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 67,03 CAD
Average target price 80,38 CAD
Spread / Average Target 19,9%
EPS Revisions
Managers and Directors
Andrew R. G. Moor President, CEO & Non-Independent Director
Chadwick Westlake Chief Financial Officer & Senior Vice President
David M. B. LeGresley Chairman
Daniel Broten Chief Technology Officer & Senior Vice President
Lynn McDonald Independent Director
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