Khanchit Khirisutchalual/iStock
The Canadian Press
EQB Inc. reported adjusted net income of $80.3 million during the third quarter, marking a 32% decline from the previous year.
The owner of EQ Bank says its adjusted net interest income came in at $254 million, down 6% from the same period a year earlier.
EQB says its adjusted revenue came in at $310 million during the quarter, down 5% on an annual basis.
The Toronto-based firm says its diluted earnings per share came in at $1.90.
EQB also raised its dividend by 17% year-over-year to 55 cents per share.
Marlene Lenarduzzi, who acted as interim president and CEO during the period, said in a press release that it was a difficult quarter for EQB as it mourned the loss of former CEO Andrew Moor.
Moor died unexpectedly in June at the age of 65.