EQB reports second quarter 2026 results and announces expected July 1, 2026 closing of PC Financial

Diluted EPS Q2 Adjusted 1 $2.03 (10%) q/q, (12%) y/y Return on equity Q2 Adjusted 1 10.2% (90 bps) q/q, (170 bps) y/y PPPT 2 Q2 Adjusted 1 $153.1MM (2%) q/q, (4%) y/y Total PCL Q2 Adjusted 1 $45.4MM +16% q/q, +50% y/y CET1 ratio 13.6% Total capital ratio 17.1% Q2 Reported $1.29 (39%) q/q, (42%) y/y Q2 Reported 6.5% (390 bps) q/q, (490 bps) y/y Q2 Reported $119.5 (19%) q/q, (23%) y/y Q2 Reported $45.4MM +16% q/q, +50% y/y Common share dividend declared $0.61/share +3% q/q, 15% y/y TORONTO , May 27, 2026 /CNW/ - EQB Inc. (TSX: EQB ) today reported earnings for the second quarter and six months ended April 30, 2026. Adjusted diluted EPS 1 : $2.03, (10%) q/q and (12%) y/y (reported $1.29) Adjusted net income 1 : $78.3 million, (8%) q/q and (17%) y/y (reported $51.3 million) Adjusted PPPT 1,2 : $153.1 million, (2%) q/q and (4%) y/y (reported $119.5 million) Adjusted ROE 1 : 10.2%, (90 bps) q/q and (170 bps) y/y (reported 6.5%) Revenue : $302.4 million, (1%) q/q and (4%) y/y (reported $302.4 million) Book value per share : $81.46, flat q/q and +1% y/y EQ Bank customers : 659,000, +4% q/q and +18% y/y Common share dividends declared : $0.61 per share, +3% q/q and +15% y/y Capital: CET1 ratio of 13.6% and total capital ratio of 17.1% "The second quarter reflected solid performance during a persistently uncertain economic environment and our team performed well against this backdrop, continuing to demonstrate operating discipline, renewed focus, and financial resilience," said Chadwick Westlake, President and CEO. "As we look ahead to the second half of the year, our business will meaningfully shift with the anticipated July 1 close of our PC Financial transaction – positioning us to serve millions of Canadians as a challenger at scale. Through a new loyalty-linked banking ecosystem, we will provide Canadians with better value, better products, more rewards and new channels, p