Equitable Group Inc. Q3 2025 Earnings Recap

EQB reported third-quarter results that highlighted resilient lending growth despite ongoing economic challenges, resulting in a lower-than-expected revenue and earnings performance.

Key Takeaways

• Loans under management increased 10% year-over-year to approximately $74 billion, driven by strong performance in personal lending and commercial banking.
• New customer additions in EQ Bank surged 21% year-over-year, contributing to a record deposit level of $9.7 billion.
• Provision for credit losses rose to 33 basis points, driven by macroeconomic headwinds and increased gross impaired loans, particularly in personal lending.
• Revenue and earnings fell short of expectations, leading to a full-year ROE forecast revision down to approximately 11.5%.