Q: Any thoughts on the quarter?
5i Research Answer:
EPS of $2.98 beat estimates of $2.71. Revenue of $322.6M beat estimates of $318.6M. EQB did announced the resignation of its CFO. The dividend was raised 4%. ROE was 15.2%. EPS rose 8%. Total assets rose 11% to $132B. The number of customers grew 26%. Provisions for losses were 0.28% vs 0.32%. The stock is well-priced and keeps growing its dividend. There is some economic and size risk here but we would consider the results and outlook fairly solid overall.