EQB (TSE:EQB) executives said the bank is approaching a major strategic turning point as it prepares to close its acquisition of PC Financial on July 1, while second-quarter earnings reflected higher credit provisions and a softer macroeconomic backdrop.
On the company’s fiscal second-quarter earnings call, President and CEO Chadwick Westlake said the quarter marked “the final quarter of our standalone earnings model,” with PC Financial expected to close on Canada Day. He said the deal will significantly expand EQB’s scale, customer reach and revenue mix.
