Slide 1: EQB Inc. Q3 2026 Results
EQB Inc. Q3 2026 Results TSX: EQB August 27, 2026 ®/TM PC, PC Financial, and PC Optimum are EQ Bank is a trade name of Equitable Bank. trademarks of Loblaws Inc. Used under License.
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, Chief Executive Officer
Chadwick Westlake Chief Executive Officer
Slide 4: Redefining Challenger Banking
Redefining Challenger Banking PC Financial (PCF) and exclusive Financial Partner for PC Optimum Q3 2026 Highlights (one month of PCF): >4 million total Customers Total Revenue ($MM) Loans Under Management & Deposits ($B) ~2X Revenue1,3 NII NIR1 NII NIR1 LUM Deposits 82.5 77.1 42 106 (14%) $4.5B (25%
Slide 5: Q3/26 – Unlocking the next phase of growth
Q3/26 – Unlocking the next phase of growth 1. Diversified franchise with growing earnings power Reshaping the growth trajectory post acquisition 2. Reigniting the core business Strengthening the platform to convert momentum into growth 3. Driving value through thoughtful capital allocation Clear str
Slide 6: Anilisa Sainani, Chief Financial Officer
Anilisa Sainani Chief Financial Officer
Slide 7: Q3/26 Consolidated Financial Highlights
Q3/26 Consolidated Financial Highlights – First Month of PCF Adjusted1 Reported HIGHLIGHTS In $MM, except for (Y/Y, UNLESS OTHERWISE NOTED) per share amounts Q3/26 Q/Q Y/Y Q3/26 Q/Q Y/Y Revenue 393.0 30% 27% 391.3 29% 28% • Diluted EPS up 2% NIX 196.8 32% 19% 256.3 40% 50% • Up 4% Q/Q: positive impa
Slide 8: Balance Sheet – Growth despite a difficult backdrop
Balance Sheet – Growth despite a difficult backdrop Loans Under Management ($B) HIGHLIGHTS +12% +7% 82.5 Y/Y 73.8 74.5 75.7 77.1 • +7% Q/Q: Addition of PCF credit cards, growth in 14.3 -10% 15.8 15.4 14.6 14.3 insured multi-unit residential (off B/S) and +25% residential (uninsured), partly offset b
Slide 9: Net Interest Income (NII) – Structurally higher margins
Net Interest Income (NII) – Structurally higher margins NII and NIM ($MM | %) HIGHLIGHTS PCF impact: 38bps 2.17% NII 2.41% 1.97% • +22% Q/Q: Higher average earning assets and higher 2.08% 2.01% 2.02% NIMs 1.94% • +22% Y/Y: Higher average earning assets and higher 319 319 286 NIMs 258 263 265 263 263
Slide 10: Non-Interest Revenue (NIR) – Addition of cards & insurance
Non -Interest Revenue (NIR) – Addition of cards & insurance HIGHLIGHTS NIR ($MM)1,2 Reported NIR % of Total Revenue Adjusted $47.7 $30.7 $43.4 $41.6 $72.2 • +77% Q/Q: PCF including interchange and fee income from the credit card portfolio and insurance +55% +77% business, partly offset by lower secu
Slide 11: Non-Interest Expenses (NIX) – Positive operating leverage
Non -Interest Expenses (NIX) – Positive operating leverage NIX and Efficiency Ratio (%) HIGHLIGHTS Adjusted Efficiency Ratio Reported NIX Reported Efficiency Ratio Adjusted NIX 82.5 60.5 65.5 Adjusted: 55.8 51.6 53.4 53.6 49.1 50.1 • +32% Q/Q: PCF, higher corporate costs from 49.4 strategic investme
Slide 12: Capital – Supports investment & shareholder returns
Capital – Supports investment & shareholder returns CET1 (%) HIGHLIGHTS -20bps 259bps • Down 20bps Q/Q: Higher RWA (see below), mostly 13.6% (17bps) 13.4% offset by the issuance of common shares, and (269bps) impact of modestly negative internal capital generation • NCIB continues to be a part of EQ
Slide 13: Puneesh Arora, Chief Risk Officer
Puneesh Arora Chief Risk Officer
Slide 14: Allowance for credit losses – Addition of unsecured cards portfolio
Allowance for credit losses – Addition of unsecured cards portfolio and prudence on real estate risk Allowance for Credit Losses on Portfolio Loan Assets1 (PLA) ($MM) PLA: $45,068 PLA: $49,269 Net ACL2 % of PLA: 0.46% Net ACL2 % of PLA: 0.95% 48.8 (44.0) 485.4 11.3 2.0 1.1 20.8 (1.5) 219.1 $227.9 PC
Slide 15: PCL on Impaired Loans – Remained elevated in personal & commercial
PCL on Impaired Loans – Remained elevated in personal & commercial HIGHLIGHTS Consolidated Personal – Residential ($MM | bps) ($MM | bps) 42 • Consolidated: up 24% Q/Q 32 35 22 30 16 17 19 • Residential: increased $4.0MM Q/Q reflecting 48.8 12 12 continued economic uncertainty and extended 39.2 17.0
Slide 16: Gross Impaired Loans – Lower new formations
Gross Impaired Loans – Lower new formations Gross Impaired Loans (GIL) ($MM | bps) (% insured) HIGHLIGHTS Gross Impaired Loan ratio Personal – Residential Equipment Financing • Total GIL: Up $38MM however the GILs ratio dropped 12 bps Q/Q due Commercial – ex. EF1 Personal – Credit cards to portfolio
Slide 17: Q&A
Q&A
Slide 18: Appendix
Appendix
Slide 19: Personal and Commercial Banking – Loans Under Mgmt.
Personal and Commercial Banking – Loans Under Mgmt. Loans Under Management1 (LUM) by Business ($B) Personal Banking Commercial Banking Excl. Insured +23% +19% +11% +14% +12% +2% 34.9 46.5 47.6 45.0 1.8 31.4 3.3 43.6 1.9 1.1 30.9 30.8 30.6 42.4 1.9 1.1 1.7 1.9 1.1 1.6 1.9 2.7 2.0 1.1 1.6 2.0 2.9 3.0
Slide 20: Delinquent loans past due but not impaired
Delinquent loans past due but not impaired Consolidated Including Cards1 ($MM | bps) Personal – Residential ($MM | bps) 0.59% 30-59 days 60-89 days 90-179 days ex. $58.8MM 30-59 days 60-89 days in Credit Cards 0.74% 0.97% 0.71% 0.66% 0.66% 0.83% 0.76% 0.56% 0.72% 0.73% 339 319 323 301 312 262 237 25
Slide 21: Personal Portfolio – Selected Data
Personal Portfolio – Selected Data SFR Portfolio by Region ($B)1 SFR stats1 Alberta, Manitoba & Saskatchewan 4.4 Atlantic provinces & Quebec Insured Uninsured (16%) British Columbia and Territories Mortgage balance $5.9 billion $21.1 billion 2.6 Ontario $27.0 (10%) LTV at origination 90% 71% 16.0 bi
Slide 22: Commercial Portfolio – Selected Data
Commercial Portfolio 1 – Selected Data Portfolio by Region ($B) Commercial ex. EF • Core CRE lending approach includes first lien only, max 2.7 75% loan-to-value and focus on asset classes more resilient (19%) Alberta, Manitoba & Saskatchewan through economic downturns Atlantic provinces & Quebec 6.
Slide 23: Q3/26 – PCF Financial Highlights
Q3/26 – PCF Financial Highlights (One -Month of Results) Adjusted1 Reported HIGHLIGHTS (Y/Y, UNLESS OTHERWISE NOTED) EQB EQB • PC Financial (PCF) contributed $68MM to revenues, ex. PCF2 PPA Total ex. PCF3 Total $38MM to expenses and $10MM to net income in the 1 PCF PCF month of results included in Q
Slide 24: Key Accounting Considerations Related to the Acquisition of PC Financial
Key Accounting Considerations Related to the Acquisition of PC Financial Estimated P&L (pre tax) P&L Treatment Total Amount (in $MM unless otherwise noted) Comments Amount Period1 Adjusted Not Adjusted (pre tax) Interest rate & credit fair value marks – Amortized using Effective Interest financial i
Slide 25: Reconciliation from GAAP to Adjusted Results
Reconciliation from GAAP to Adjusted Results Reconciliation of reported and adjusted financial results For the three months ended For the nine months ended ($000s, except share and per share amounts) 31-Jul-26 30-Apr-26 31-Jul-25 31-Jul-26 31-Jul-25 Reported results Net interest income (1) 319,174 2
Slide 26: Macroeconomic variables used to estimate ECL on performing loans
Macroeconomic variables used to estimate ECL on performing loans July 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 Unemploy
Slide 27: Lemar Persaud, Danielle Mason
Lemar Persaud SVP, Investor Relations & Enterprise Performance Management Danielle Mason Director, PR & Communications eqb.investorroom.com eqb.investorroom.com investor_enquiry@eqb.com