Slide 1: EQB Inc. Q1 2026 Results
EQB Inc. Q1 2026 Results TSX: EQB February 26, 2026
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements Certain forward-looking statements may be made in this presentation, including statements regarding possible future business, financing, growth objectives. Such forward looking information is presented for the purpose of assisting the holders of EQB Inc.,
Slide 3: Chadwick Westlake, President & Chief Executive Officer
Chadwick Westlake President & Chief Executive Officer
Slide 4: Q1/26 Key Messages
Q1/26 Key Messages 1. Being a Challenger is to stand with customers Putting the needs of our customers first and being there where & when convenient for them 2. Delivering improvements in the core business Momentum towards our F26 financial objectives 3. Powering the Challenger's future growth with
Slide 5: Anilisa Sainani, Chief Financial Officer
Anilisa Sainani Chief Financial Officer
Slide 6: Q1/26 Financial Highlights
Q1/26 Financial Highlights Adjusted1 Reported HIGHLIGHTS In $MM, except for (Y/Y, UNLESS OTHERWISE NOTED) per share amounts Q1/26 Q/Q Y/Y Q1/26 Q/Q Y/Y Revenue 306.8 - (5%) 306.8 (3%) (5%) • Diluted EPS down 24% NIX 150.6 (9%) (1%) 158.4 (39%) (1%) • Up 48% Q/Q: flat revenues, lower expenses and PCL
Slide 7: Balance Sheet – Solid growth in LUM & deposits
Balance Sheet – Solid growth in LUM & deposits Loans Under Management ($B) HIGHLIGHTS +9% +2% 74.5 75.7 Y/Y • +2% Q/Q: Growth in insured multi-unit residential 71.5 73.8 69.3 (off B/S) and personal (uninsured), partly offset by 14.9 14.5 13.8 -2% 14.1 14.7 declines in the other loan categories 22.9
Slide 8: Net Interest Income (NII) – Sequential margin expansion
Net Interest Income (NII) – Sequential margin expansion NII and NIM ($MM | %)1 HIGHLIGHTS 2.22% 2.17% Adjusted NII 2.10% 1.97% • Flat Q/Q: Modest decline in earning assets, partly 2.01% 2.02% offset by modestly higher NIMs 1.94% • -3% Y/Y: Lower NIMs, partly offset by higher average 286 271 271 278
Slide 9: Non-Interest Revenue (NIR) – Growth in stable fee income
Non-Interest Revenue (NIR) – Growth in stable fee income Reported HIGHLIGHTS NIR ($MM)1 NIR Adjusted2: $51.9 $37.8 $47.7 $30.7 $43.4 • Flat Q/Q: Higher fee and other income, gains on -17% Flat hedging and derivatives vs. losses in Q4 and gains 51.9 on sale from securitization activities, offset by l
Slide 10: Non-Interest Expenses (NIX) – Cost discipline translated in Q1
Non-Interest Expenses (NIX) – Cost discipline translated in Q1 NIX and Efficiency Ratio (%) HIGHLIGHTS Adjusted Efficiency Ratio Reported Efficiency Ratio Reported NIX Adjusted NIX Adjusted: 82.5 55.8 51.0 51.6 • -9% Q/Q: Cost benefits associated with 49.4 53.4 53.6 restructuring, partly offset by o
Slide 11: Capital – Remains strong
Capital – Remains strong CET1 (%) HIGHLIGHTS +30bps 13.6% • Up 30bps Q/Q: Mostly driven by strong internal (1bp) capital generation 31bps • NCIB continues to be a part of EQB’s capital allocation framework 13.3% Q4/25 Internal Net RWA Q1/26 capital growth generation Risk Weighted Assets ($MM) • Up 1
Slide 12: Marlene Lenarduzzi, Chief Risk Officer
Marlene Lenarduzzi Chief Risk Officer
Slide 13: Allowance for Credit Losses
Allowance for Credit Losses Allowance for Credit Losses on Portfolio Loan Assets1 (PLA) ($MM) PLA: $45,597 PLA: $46,440 Net ACL2 % of PLA: 0.43% Net ACL2 % of PLA: 0.41% 36.1 (35.4) 4.2 $210.3 $206.8 (0.3) (0.2) (0.9) PCL on Performing Loans of $3.1MM Q4/25 Credit Macroeconomic Portfolio PCL on Impa
Slide 14: PCL on Impaired Loans – higher Commercial provisions offset by lower Personal & Equipment Financing
PCL on Impaired Loans – higher Commercial provisions offset by lower Personal & Equipment Financing Consolidated ($MM | bps)1 Personal ($MM | bps) HIGHLIGHTS 30 32 16 • Consolidated: up 3% Q/Q 20 19 13 12 12 7 9 36.1 4 12.5 • Personal: decreased $2.5MM 35.1 9.6 10.0 Q/Q; continued pressure on 23.2 2
Slide 15: Gross Impaired Loans – Increases in commercial & personal
Gross Impaired Loans – Increases in commercial & personal Gross Impaired Loans (GIL) ($MM | bps) HIGHLIGHTS • Total GIL increased by $85MM (23 bps) Q/Q due to increases in 211 the commercial and personal businesses 188 164 172 154 • Personal lending (incl. consumer lending): Up $53MM Q/Q mainly driv
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix
Slide 18: Personal and Commercial Banking – Loans Under Mgmt.
Personal and Commercial Banking – Loans Under Mgmt. Loans Under Management (LUM) by Business ($B) Personal Banking Commercial Banking Excl. Insured +7% +1% +19% +3% -2% Flat 32.2 32.5 32.2 44.1 31.7 31.6 42.8 41.6 2.3 2.5 1.1 1.1 0.8 0.8 2.7 2.9 3.0 39.0 1.2 1.1 1.1 1.6 0.8 37.0 1.1 1.6 1.9 0.8 0.8
Slide 19: Delinquent loans past due for 30 – 89 days
Delinquent loans past due for 30 – 89 days Consolidated ($MM | bps) Personal ($MM | bps) 30-59 days 60-89 days 30-59 days 60-89 days 0.97% 0.66% 0.74% 0.64% 0.63% 0.56% 0.80% 0.79% 0.72% 0.77% 309 339 258 257 244 297 300 312 234 262 171 157 234 196 189 231 261 172 182 194 101 111 81 78 87 100 62 62
Slide 20: Personal Portfolio
Personal Portfolio Personal Portfolio by Region ($B)1 SFR Mortgage Portfolio stats1 4.6 Insured Uninsured (17%) Mortgage balance $6.6 billion $21.0 billion 2.4 Alberta, Manitoba & Saskatchewan $27.6 (9%) Atlantic provinces & Quebec LTV at origination 81% 69% 16.5 billion British Columbia and Territo
Slide 21: Commercial Portfolio
Commercial Portfolio Portfolio by Region ($B) Equipment Financing • Reduced exposure to long-haul transportation, representing 2.5 28% of the portfolio vs. 36% the prior year (18%) Alberta, Manitoba & Saskatchewan • Implemented a series of credit tightening changes to improve 6.2 Atlantic provinces
Slide 22: Reconciliation from GAAP to Adjusted Results
Reconciliation from GAAP to Adjusted Results Reconciliation of reported and adjusted financial results For the three months ended ($000, except share and per share amounts) 31-Jan-26 31-Oct-25 31-Jan-25 Reported results Net interest income(1) 263,440 286,427 270,642 Non-interest revenue(1) 43,354 30
Slide 23: Macroeconomic variables used to estimate ECL on performing loans
Macroeconomic variables used to estimate ECL on performing loans January 31, 2026 Downside Scenarios Base-Case Scenario Upside Scenario Pessimistic Very Pessimistic Scenario Scenario Next 12 2 to 5 Next 12 2 to 5 Next 12 2 to 5 Next 12 2 to 5 months years months years months years months years Unemp
Slide 24: Lemar Persaud, Maggie Hall – Investor Relations
Lemar Persaud VP & Head Investor Relations Maggie Hall Director, PR & Communications eqb.investorroom.com eqb.investorroom.com investor_enquiry@eqb.com