Equitable Reports Record Q1 2022 Results and Announces Dividend Increase
Equitable Group Inc. reported record Q1 2022 net income of $87.9 million, a 9.8% quarter-over-quarter (QOQ) increase. Noninterest income increased 60% from the prior quarter, as large gains on securitization activities and strategic investments more than offset losses on certain equity and debt security investments. Net interest income increased 4%, and the net interest margin (NIM) increased by five basis points (bps) QOQ to 1.86%, primarily driven by a shift in business mix toward high-yield conventional loans, partially offset by a shift in funding mix toward higher rate deposit notes.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.