Patrick Allaway intends to remain in charge until at least October 2026, by when he hopes to have delivered $250 million in productivity savings.

1 Day BOQ -1.04% DJIA 0.78% S&P 500 0.70% Financial Services 0.85% ...

It also hiked its interim dividend by 5.9% to 18 cents per BOQ stock. The home lending space is a very competitive market, so BOQ has been willing to recycle its capital towards commercial lending.