Core Insights - November showed growth in strategic loan products and term deposits, a decrease in non-performing loans, and satisfactory profitability [1] Loan Portfolio - The loan portfolio increased by 25 million euros, reaching 2.6 billion euros by the end of November, driven by business loans (+33 million euros) and home loans (+14 million euros), while consumer loans decreased by 22 million euros due to the sale of the Swedish branch's loan portfolio [2] - The share of non-performing loans decreased from 4.5% to 4.2% due to improved payment behavior and the sale of the Swedish branch's loan portfolio [6] Deposit Portfolio - The deposit portfolio grew by 32 million euros, primarily driven by term deposits (+28 million euros) as interest rates began to rise slightly [3] - Current accounts saw a growth of 3 million euros, reaching a total balance of 16 million euros, with clients earning 2% annual interest on idle funds [4] Financial Performance - Net interest income increased by 2.3 million euros year-on-year, totaling 96.7 million euros for the first eleven months [5][11] - Net profit for November was 2.7 million euros, with cumulative profit for the first eleven months amounting to 36.0 million euros, an increase of 2.6 million euros or 8% compared to the same period in 2024 [7][11] - Total net operating income for November was 9.1 million euros, with a year-on-year increase of 2% [10] Expenses and Employment - Salary expenses increased by 6.4 million euros over the first eleven months due to team expansion and salary growth, while income tax expenses rose by 1.7 million euros due to higher tax rates in Estonia and Lithuania [8] - The cost/income ratio increased to 54.0% from 47.2% year-on-year [12] Company Overview - As of November 30, 2025, Bigbank's total assets amounted to 3.2 billion euros, with equity of 298 million euros, serving over 176,000 active customers [13]

Core Insights - Bigbank experienced stable growth in October, with a notable increase in both loan and deposit portfolios, indicating a healthy financial position and customer demand [1][2][10]. Loan Portfolio - The loan portfolio grew by 34 million euros in October, reaching 2.6 billion euros, driven by business loans (up 16 million euros) and home loans (up 18 million euros) [1]. - Year-on-year, loans to customers increased by 511 million euros, or 24%, highlighting strong demand [10]. Deposit Portfolio - The deposit portfolio increased by 44 million euros in October, primarily due to a 24 million euro rise in term deposits and a 16 million euro increase in savings deposits [2]. - Customer deposits and loans received reached 2.8 billion euros, reflecting an 18% year-on-year growth [10]. Current Accounts - Bigbank launched current accounts for retail customers in Latvia, offering competitive conditions with 2% annual interest on idle funds and no transaction fees, resulting in a 3 million euro increase in current account balances [3]. Financial Performance - Net interest income for October was 9.4 million euros, with a cumulative total of 88.1 million euros for the first ten months, marking a 3% increase year-on-year [10]. - Net profit for October was 3.1 million euros, contributing to a cumulative profit of 33.3 million euros for the first ten months, a 10% increase compared to the same period in 2024 [10][11]. Credit Quality - The credit quality of the loan portfolio remains strong, with net allowances for expected credit losses decreasing by 8.8 million euros, or 47%, due to improved payment behavior across the Baltic countries [5][10]. Employment and Expenses - As of the end of October, Bigbank employed 624 people, with salary expenses increasing by 5.7 million euros over the first ten months due to team expansion and salary growth [7]. - Income tax expenses rose by 1.9 million euros due to higher tax rates in Estonia and Lithuania [7]. Key Financial Indicators - Total net operating income for October was 10.4 million euros, with a year-to-date total of 95.9 million euros, reflecting a 2% increase year-on-year [9]. - The cost/income ratio stood at 48.2%, up from 41.4% the previous year, indicating increased expenses relative to income [11].

Core Insights - EQB Inc. has transformed from a regional trust into a prominent digital-first banking group in Canada, integrating mortgage lending, retail deposit products, and commercial finance under one publicly traded entity [1][2][3] - The company operates through its principal subsidiary, Equitable Bank, which offers a range of financial services including residential mortgages and digital deposit products via EQ Bank [2][3] - The strategic rebranding to EQB Inc. in June 2022 emphasizes a cohesive brand identity and a focus on digital distribution [3][27] Financial Metrics - As of late 2025, EQB's market capitalization is approximately CAD 3.4–3.6 billion, with trailing twelve-month revenue around CAD 1.13 billion and net income of approximately CAD 341 million, indicating a profit margin above 30% [7][9][16] - The diluted EPS for the trailing twelve months is about CAD 8.82, with a forward dividend of CAD 2.20 per share, reflecting a yield of approximately 2.48% [12][17] - The company maintains significant liquidity, supporting opportunistic lending and reducing sensitivity to short-term funding stress [11][14] Operational Strategy - EQB employs a hybrid model that combines regulated bank lending with a digital deposit franchise, enhancing funding and origination capabilities while minimizing physical distribution costs [6][22] - The digital platform EQ Bank plays a crucial role in gathering retail deposits, offering high-interest savings accounts and term deposits, which are essential for funding lending growth [4][38] - The operational integration allows clients to seamlessly transition between savings and lending products, enhancing customer lifetime value [20][29] Market Position - EQB is positioned within the Canadian financial services sector, specifically in banking and mortgage lending, with a focus on digital-first strategies [15][30] - The company competes effectively in the mortgage market, leveraging its digital capabilities to maintain a competitive edge against larger banks and fintech entrants [16][22] - EQB's shares are traded on the TSX and are benchmarked against the S&P/TSX Composite, reflecting its significant market presence among regional banks [30][36] Governance and Leadership - The leadership team at EQB emphasizes digital transformation, risk management, and a customer-centric approach, overseeing a diverse range of financial services [25][35] - The company has a lean workforce of approximately 1,942 full-time employees, which supports its operational efficiency [28]