05:36 PM EDT, 08/27/2025 (MT Newswires) -- EQB (EQB.TO), the parent company of Equitable Bank, after trade Wednesday said its third-quarter profit and revenue declined year-over-year due to macroeconomic pressures as it boosted its provision for credit losses (PCL) while hiking its dividend..

The company earned $80.26 million, or $2.07 per share, in the period, down from $117.18 million, or $2.96 per share, a year ago. Factset expected $2.53 per share.

Revenue stood at $310.16 million, down from $327.24 million in the year-ago quarter. FactSet projected $319.6 million.

The company's PCL was raised to $33.97 million from $21.27 million.

The company also said its board declared a dividend of $0.55 per common share payable on Sept. 30 to shareholders of record as of Sept. 15, a 17% increase from the dividend paid in September 2024.

"Earnings reflected continued growth in loans under management, expanding originations and strong customer engagement in EQ Bank, however an unfavourable macroeconomic landscape and pressure in real estate markets continued to impact EQB earnings in Q3. This manifested in higher credit provisions and corresponding lower expectations for earnings for the remainder of fiscal 2025," the company said.

The company also said it appointed Anilisa Sainani as its Chief Financial Officer, replacing David Wilkes, who moves to become Chief Strategy & Growth Officer.

EQB shares closed up $0.35 to $101.65 on the Toronto Stock Exchange.