Slide 1: EQB Inc. Q3 2025 Results
EQB Inc. Q3 2025 Results TSX: EQB August 28, 2025
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: Vincenza Sera, Chair of the Board
Vincenza Sera Chair of the Board
Slide 4: Marlene Lenarduzzi, Interim President & CEO
Marlene Lenarduzzi Interim President & CEO, returning to role of Chief Risk Officer
Slide 5: Total Loans Under Management: continued growth with LUM +3% Q/Q
Total Loans Under Management: continued growth with LUM +3% Q/Q and +10% Y/Y to $73.8 billion Loans Under Management (LUM) ($B) +10% +3% 73.8 71.5 • Insured multi-unit residential loans under 67.9 69.3 66.9 management (+8% Q/Q; +30% Y/Y to $31.4B), underscores the Bank’s long- standing leadership an
Slide 6: Personal and Commercial Banking: strong originations
Personal and Commercial Banking: strong originations in uninsured SFR, decumulation and CMHC-insured multis Loans Under Management (LUM) by Business ($B) Personal Banking Commercial Banking -0.7% +7% 32.5 32.2 32.2 32.5 32.2 41.6 1.9 39.0 1.2 2.1 2.3 2.5 2.7 1.1 0.9 0.9 37.0 1.1 1.6 0.8 0.8 0.8 35.6
Slide 7: Allowance for Credit Losses: prudent reserving amidst macroeconomic headwinds
Allowance for Credit Losses: prudent reserving amidst macroeconomic headwinds Allowance for Credit Losses on Portfolio Loan Assets (PLA) ($MM) PLA: $47,382 PLA: $47,358 Net ACL1 % of PLA: 0.29% Net ACL1 % of PLA: 0.33% 5 170 12 1 10 154 Q2/25 PCL on Performing PCL on Impaired 2 Realized Losses Other
Slide 8: PCL on Impaired Loans: flat Q/Q
PCL on Impaired Loans: flat Q/Q with increases in single family offset by reduction in equipment financing Consolidated ($MM | bps) Personal ($MM | bps) 31 12 20 19 7 17 • Consolidated: increases in 12 4 4 9.6 provisions for Single Family 3 Residential mortgages offset by 36.8 5.8 reduction in provi
Slide 9: Gross Impaired Loans: +5% Q/Q
Gross Impaired Loans: +5% Q/Q largely driven by personal lending amidst ongoing macroeconomic headwinds Gross Impaired Loans (GIL) ($MM | bps) Key Drivers of GIL Q/Q 173 • Total GIL increased by $40MM (9 bps) Q/Q due to higher impaired in 164 155 personal lending and commercial lending 144 118 • Per
Slide 10: David Wilkes
David Wilkes SVP, Chief Strategy & Growth Officer
Slide 11: Financial Overview: ROE of 10.1% and diluted EPS of $2.07
Financial Overview: ROE of 10.1% (-1.8% Q/Q) and diluted EPS of $2.07 (-10% Q/Q) amid market volatility Adjusted1 Reported In $MM, except for per share amounts Q3/25 Q/Q Y/Y Q3/25 Q/Q Y/Y Net Interest Income 254.1 (6%) (6%) 250.1 (8%) (8%) Non-Interest Revenue 56.1 25% 0% 56.1 25% 0% Total Revenue 3
Slide 12: Net Interest Income: NII down 6% Q/Q and Y/Y
Net Interest Income: NII down 6% Q/Q and Y/Y; NIM expected to meet target above 2% for the year Net Interest Income ($MM) Net Interest Margin (%) $271 $271 $271 $271 $265 $263 $263 2.20% $256 $254 $250 2.09% 2.07% 2.07% 2.00% 1.95% 1.92% Net interest margin decline was driven by: • Attrition of high
Slide 13: Non-Interest Revenue: stronger quarter, +25% sequentially
Non-Interest Revenue: stronger quarter for NIR delivering $56MM, +25% sequentially Non-Interest Revenue (% of total revenue) Non-Interest Revenue ($MM) Q3/24 Q2/25 Q3/25 18% 18% 18% 18% 18% 18% 17% 17% Fees and other income 22.6 22.7 24.7 Gains (losses) on strategic investments 2.2 1.8 2.7 14% 14% N
Slide 14: Non-Interest Expenses: continued investment in innovation and capabilities
Non-Interest Expenses: continued investment in innovation and capabilities to support growth ambitions Non-Interest Expenses ($MM) Efficiency Ratio (%) 171.0 159.3 161.2 5.4 150.6 153.6 5.3 6.5 4.9 5.1 55.8 53.4 51.0 49.4 49.1 165.6 148.5 152.7 155.9 46.0 49.3 145.7 47.3 46.2 44.5 Q3/24 Q4/24 Q1/25
Slide 15: Funding: deposit growth +4% Q/Q and +10% Y/Y
Funding: deposit growth +4% Q/Q and +10% Y/Y with EQ Bank surpassing $9.7B in deposit principal Total Deposit Principal ($B) +10% +4% 35.8 34.0 34.4 33.2 1.7 32.7 1.8 EQ Bank Highlights: 1.7 2.4 1.7 1.7 2.0 2.1 • EQ Bank ended Q3 with 586,000 customers, +21% 2.0 2.1 2.5 2.0 1.8 1.0 1.5 2.4 Y/Y, and
Slide 16: Capital ratios: total capital of 15.7%
Capital ratios: strong organic capital generation with total capital of 15.7% (+10bps Q/Q) Capital Ratios (%) 16.6% 0.5% 15.6% 15.6% 15.7% 15.5% 1.4% 0.6% 0.6% 1.6% • Total capital ratio remains well above 1.6% 0.7% 0.8% regulatory minimums and above management target of +15% 0.8% 0.8% • CET1 guidan
Slide 17: Chadwick Westlake, President & Chief Executive Officer
Chadwick Westlake President & Chief Executive Officer
Slide 18: Executive Leadership Team
Executive Leadership Team Chadwick Westlake Anilisa Sainani Marlene Lenarduzzi David Wilkes Darren Lorimer President & Chief SVP & Chief SVP & Chief SVP & Chief Strategy SVP & Group Head, Executive Officer Financial Officer Risk Officer & Growth Officer Commercial Banking Gavin Stanley Dan Broten Ja
Slide 19: Strategic Priorities
1 Challenger at scale Challenger to its full Strategic 2 growth potential Priorities Challenger to its greatest 3 capabilities and purpose 19
Slide 20: Investor Relations Contacts
Lemar Persaud Maggie Hall VP & Head Director Investor Relations PR & Communications eqb.investorroom.com eqb.investorroom.com investor_enquiry@eqb.com