EQB Inc. (TSX: EQB) is a leading Canadian digital financial institution and the parent company of Equitable Bank, Canada's seventh-largest Schedule I bank by assets. Founded in 1970, the company operates primarily through two main divisions: Personal Banking and Commercial Banking. The Personal Banking segment offers high-interest savings products, guaranteed investment certificates (GICs), single-family residential mortgages, reverse mortgages, and consumer lending through its branchless digital platform, EQ Bank. The Commercial Banking division provides business enterprise solutions, commercial real estate financing, multi-unit insured lending, specialized finance, and equipment leasing through its Bennington Financial subsidiary. In addition to its core banking operations, EQB provides wealth management services through its majority-owned subsidiary, ACM Advisors, which specializes in alternative assets, and offers credit union and trust services via Concentra Bank. By operating without a traditional brick-and-mortar branch network, EQB maintains a highly efficient cost structure, allowing it to offer competitive deposit rates and lending products. The company generates revenue primarily through net interest income from its loan portfolios and fee-based income from its wealth management and trust services.
