About EQ Bank
EQ Bank is a publicly listed company based in Toronto (Canada) founded in 2016. Online savings accounts and GICs are provided by EQ Bank. The company has 1,870 employees. EQ Bank has completed 1 acquisition, including PC Financial. Its website eqbank.ca draws about 1.8 million monthly visits. EQ Bank offers products and services including Personal Account, Notice Savings Account, EQ Bank Card, and GICs. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Subsidiaries of Banks. Its legal entity is Equitable Bank. Its competitors include Motive Financial, Motus Bank and MAXA Financial.
Company details
EQ Bank was founded in 2016 in Toronto, Canada, and operates within the digital banking sector. Online savings accounts and guaranteed investment certificates (GICs) are offered to users, with interest calculated at 2.40 per annum. A minimum deposit of 100 is required for account opening. Services are accessed digitally via the domain eqbank.ca, focusing on straightforward financial products for Canadian residents.
- Annual Revenue$2.2 B (USD)as on Oct 31, 2025
- Net Profit$189.13 M (USD)-33.77as on Oct 31, 2025
- Employee Count1,870
- Investments & Acquisitions
Products & Services of EQ Bank
EQ Bank offers a comprehensive portfolio of products and services, including Personal Account, Notice Savings Account, EQ Bank Card, and GICs.
High-interest chequing account with no fees for everyday banking.
Account offering high rates with notice for withdrawals.
Reloadable card with cash back and free ATM withdrawals.
Low-risk investments with guaranteed returns over set terms.
Apps and channels of EQ Bank
EQ Bank publishes 2 mobile apps with over 100K+ downloads.
People of EQ Bank
12 people are tracked at EQ Bank (10 in leadership, 2 in team); the tracked headcount is 1,870.
| Name | Role | Group |
|---|---|---|
Abhishek Singh | Senior Director | Leadership |
David Wilkes | SVP And Chief Strategy & Growth Officer | Leadership |
Dan Broten | SVP & CTO | Leadership |
Darren Lorimer | SVP and Group Head, Commercial Banking | Leadership |
Mahima Poddar | SVP and Group Head, Personal Banking | Leadership |
Anilisa Sainani | SVP And Chief Financial Officer | Leadership |
Marlene Lenarduzzi | SVP and Chief Risk Officer | Leadership |
Chadwick Westlake | President and CEO | Leadership |
Gavin Stanley | SVP and Chief Human Resources Officer | Leadership |
C. Elizabeth Cai | Director, Legal Services, Personal Banking | Leadership |
Daljit Singh | Principal, Personal Banking Payments | Team |
Aman Singh | Unknown Role | Team |
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IPO & Listings of EQ Bank
EQ Bank is a publicly listed company on the TSX with ticker symbol EQB in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date11 Aug 2014
- Listed onTSX: EQB · TSX: EQB.PR.C
- Listed entityEQB Inc
- Exchange sectorFinance
- ISINCA26886R1047
- Share price121.79 CAD (+2.06% on the day) · 2026-10-13
- Market capitalisation5,184,082,282.00 CAD
- Price to earnings9.8
- EPS (diluted, trailing year)-0.23 CAD
- Dividend yield1.97%
- Volume (last session)65,364
Financials of EQ Bank
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.08B CAD | 265.3M CAD | |
| 2024 | 3.33B CAD | 400.6M CAD | |
| 2023 | 3.05B CAD | 445.9M CAD | |
| 2022 | 1.65B CAD | 270.2M CAD | |
| 2021 | 1.17B CAD | 292.5M CAD |
Detailed financial statements for EQ Bank
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Investments & Acquisitions by EQ Bank
EQ Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PC Financial.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Digital banking and financial services are provided in Canada. | pcfinancial.ca | Toronto, Canada | 1996 | Dec 2025 | •••• |
Complete acquisition details for EQ Bank
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Timeline of EQ Bank
3 dated milestones of EQ Bank across 11 years, from founding to its latest funding, stage changes and deals.
- IPO Lists on the stock exchange (IPO).
- Founded EQ Bank is founded.
- Acquisition Acquires PC Financial.
Competitors of EQ Bank
EQ Bank has 3 listed competitors in our database. They include Motive Financial, Motus Bank and MAXA Financial.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| motivefinancial.com | 1984 | Edmonton, Canada | Operates as a digital bank offering services from Canadian Western Bank. | |||
| motusbank.ca | 2018 | Toronto, Canada | Provides digital banking services including savings, chequing, investments, and mortgages online. | |||
| maxafinancial.com | 2005 | Brandon, Canada | Offers high-interest savings, GICs, and online banking for Canadian members. |
Detailed competitors of EQ Bank
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Web traffic of EQ Bank
The website of EQ Bank (eqbank.ca) receives about 1.8M visits a month and ranks #23,842 among all websites worldwide, #1,529 in Finance.
- Monthly visits1.8M
▲ 17% vs previous month
- Unique visitors485.1K
per month
- Global rank#23,842
among all websites
- Category rank#1,529
Finance · Finance
- Bounce rate27%
- Pages per visit7.5
- Average visit4 min 31 sec
- DevicesDesktop 50% · Mobile 50%
Websites whose visitors overlap most with EQ Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| equitablebank.ca | 100% | 145.7K | #237,274 | View details | |
| wealthsimple.com | 84% | 10.9M | #5,448 | View details | |
| tangerine.ca | 77% | 5.7M | #7,260 | View details | |
| koho.ca | 74% | 751.3K | #58,190 | View details | |
| nerdwallet.com | 73% | 22.3M | #2,677 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for EQ Bank
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Related news about Eq Bank
Complete news archive for EQ Bank
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Frequently Asked Questions about EQ Bank
EQ Bank was founded in 2016.
EQ Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
EQ Bank has 1,870 employees.
Annual revenue of EQ Bank is $2.2B as on Oct 31, 2025.
EQ Bank was founded in 2016 in Toronto, Canada, and operates within the digital banking sector. Online savings accounts and guaranteed investment certificates (GICs) are offered to users, with interest calculated at 2.40 per annum. A minimum deposit of 100 is required for account opening. Services are accessed digitally via the domain eqbank.ca, focusing on straightforward financial products for Canadian residents.
EQ Bank's top competitors include Motive Financial, Motus Bank and MAXA Financial.
EQ Bank offers Personal Account, Notice Savings Account, EQ Bank Card, and GICs.
Yes, EQ Bank is publicly traded on TSX under the ticker symbol EQB.
EQ Bank has made 1 acquisition, including PC Financial.
EQ Bank operates through Equitable Bank.
Yes. EQ Bank publishes EQ Bank Mobile Banking and 1 more app, with over 100,000 downloads.
The website of EQ Bank receives about 1.8 million visits a month and ranks #23,842 among all websites worldwide.