05:18 PM EDT, 10/22/2025 (MT Newswires) -- EQB (EQB.TO) on Wednesday said it will take $67 million in one-time charges when it reports its fiscal fourth-quarter results.

The holding company for Equitable Bank said it will take a $15-million after-tax charge on its earnings for severance and restructuring charges. It did not offer any details on job costs.

It will also take a $52-million impairment charge "including $28 million of intangible assets reflecting prioritization of high-return initiatives and streamlining operations, and $24 million relating to the equipment financing business primarily driven by market conditions".

"These decisive, yet difficult, decisions focus our efforts and improve productivity to drive positive operating leverage and an improved efficiency ratio as we capture the profitable opportunities ahead and generate strong ROE," chief executive Chadwick Westlake stated.

The company will report its fiscal fourth-quarter results on Dec.3.

Equitable shares closed down $0.64 to $87.82 on the Toronto Stock Exchange.