TORONTO – EQB Inc. reported adjusted net income of $80.3 million during the third quarter, marking a 32 per cent decline from the previous year.

The owner of EQ Bank says its adjusted net interest income came in at $254 million, down six per cent from the same period a year earlier.

EQB says its adjusted revenue came in at $310 million during the quarter, down five per cent on an annual basis.

The Toronto-based firm says its diluted earnings per share came in at $1.90.

EQB also raised its dividend by 17 per cent year-over-year to 55 cents per share.

Marlene Lenarduzzi, who acted as interim president and CEO during the period, says in a press release that it was a difficult quarter for EQB as it mourned the loss of former CEO Andrew Moor.

Moor died unexpectedly in June at the age of 6

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