EQB

EQB.TO

Banks - Regional · Financial Services

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Apr 30, 2026

How the score breaks down

Growth

Weak

Valuation

Mixed

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Winston Score History

The full picture

EQB Inc. is a Canadian financial services company that operates primarily through Equitable Bank, one of Canada's largest digital banks. It offers mortgages, savings accounts, and loans to everyday Canadians, small businesses, and real estate investors. Equitable Bank runs mostly online, without a large network of physical branches, which keeps its costs lower than traditional banks.

EQB makes money mainly by lending out money at higher interest rates than it pays to depositors — the standard banking model. It operates almost entirely in Canada and has grown through its digital EQ Bank platform, which has attracted hundreds of thousands of customers with higher-interest savings accounts. The company's main competitive edge is its low-cost digital structure, but its key risk is exposure to Canada's housing market — if home prices fall sharply or borrowers struggle to repay mortgages, loan losses could rise and hurt earnings.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-41.7% YoY

YoY Growth Rate

Earnings declining

Insider Activity

31.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

C$47.1B cash & investments at current burn rate

Revenue declining

EQB's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Bank Quality

Not applicable for this business.

Growth

Sales growth

Sales YoY

-7.7%

Shrinking sales (-7.7% YoY)

Profit growth

EPS YoY

-48.3%

Earnings shrinking (-48.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit

P/E Ratio (TTM)

27.2x

no trend

Growth-priced — P/E 27.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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