VersaBank

VersaBank

VBNK
VersaBankUS flagNASDAQ Global Select
22.41
USD
+1.82
- -
721.51MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.69
1.57
1.82
2
2.1
2.45
2.55
2.57
3
2.87
4.13
4.3
3.96
4.4
Basic EPS, GAAP
0.11
0.29
0.42
0.32
0.83
0.75
0.85
0.82
0.96
0.76
1.57
1.49
0.9
0.95
Free Cash Flow per Basic Share
-5.34
-1.49
-2.96
-2.35
3.63
-0.75
0.92
6.6
-4.98
-1.16
3.59
9.79
1.38
7.42
Dividend per Share
- -
- -
0.09
0.11
0.11
0.14
0.17
0.2
0.18
0.13
0.14
0.14
0.1
0.1
Book Value per Share
6.85
7.14
7.47
7.79
8.48
9.19
9.98
10.7
11.61
12.37
14
15.35
16.67
17.15
Tangible Book Value per Share
6.85
7.14
7.47
7.79
8.48
9.19
9.98
10.7
11.26
12.04
13.67
14.42
15.96
16.53
Basic Weighted Avg Shares
17
19
19
20
21
21
21
21
22
29
26
26
32
32
Sales/Revenue/Turnover
28
31
35
40
44
52
54
54
65
82
109
112
125
141
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
1
1
1
1
1
2
2
2
3
3
4
Net Income, GAAP
2
6
8
8
19
18
20
19
22
23
42
40
28
30
Effective Tax Rate (%)
29.58
8.55
9.08
27.96
- -
27.74
27.41
27.46
27.31
30.39
26.86
27.46
31.41
31.43
Profit Margin (%)
6.31
18.61
23.24
21.35
44.41
34.97
37.46
35.81
34.24
27.5
38.81
35.61
22.83
21.47
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
64
57
57
58
43
43
38
17
100
109
111
109
109
104
Total Equity
133
153
175
186
209
224
240
255
332
351
377
399
533
552
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
1.56
4.17
5.78
4.15
10.29
8.5
8.89
7.89
7.64
6.61
11.75
10.16
6.11
5.62

Capital Structure

FRC

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
- -
- -
- -
LT Borrowings
104
100
101
LT Finance Leases
5
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
532
678
784

Working Capital

FRC

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
583
729
674
Accounts Receivable, Net
31
33
34
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.21%
16.5%
33.43%
Free Cash Flow
-55.57%
-108.9%
-82.88%
Net Income, GAAP
20.21%
13.7%
-28.4%
Sales/Revenue/Turnover
13.83%
18.59%
11.65%
Total Cash Common Dividend
- -
9.5%
24.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29
29
27
27
112
2025
28
30
32
35
125
2026
37
38
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.45
0.36
- -
1.49
2025
0.28
0.26
0.2
- -
0.9
2026
0.35
0.23
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
- -
0.14
2025
0.03
0.03
0.02
- -
0.1
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Susan Teresa McGovern
Full Time Employees
131
Sector
Financial Services
Industry
Banks - Regional
Address
140 Fullarton Street London ON Canada N6A 5P2
IPO Date
Aug 27, 2021
Business
VersaBank, a Canadian Schedule I chartered bank, delivers an array of digital banking solutions and related financial technologies across Canada and the United States. The institution presents a suite of deposit products, including guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, all managed through its fully electronic, branchless model, often sourced via financial intermediary partners. The bank also specializes in lending, notably through its Receivable Purchase Program, which involves acquiring loan and lease portfolios from point-of-sale finance providers operating across diverse sectors. Its commercial banking arm extends to commercial real estate, public sector and infrastructure financing, condominium development loans, and residential mortgages. VersaBank distinguishes itself as a pioneering digital-first institution, leveraging proprietary technology, including recent artificial intelligence implementations, to enhance its low-risk business-to-business model and support innovative digital asset initiatives like Digital Deposit Receipts. Formerly known as Pacific & Western Bank of Canada, the company adopted the VersaBank name in May 2016. Established in 1979, its principal offices are located in London, Canada.

Company News

  • VersaBank to Participate in the Raymond James US Bank and Banking on Tech Conference in Chicago on September 8-10, 2026

  • VersaBank (VBNK:CA) Q3 2026 Earnings Call Transcript

  • VersaBank Q3 Earnings Call Highlights

  • VersaBank (VBNK) Misses Q3 Earnings and Revenue Estimates

  • VersaBank Announces First Implementation of Real-Time Structured Receivable Program in the United States

  • VERSABANK TO HOST THIRD QUARTER FISCAL 2026 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST THURSDAY, SEPTEMBER 3 AT 9:00 A.M. ET

  • VERSABANK ANNOUNCES SIGNING OF REORGANIZATION AGREEMENT AND FILING AND MAILING OF MATERIALS FOR SPECIAL MEETING OF SHAREHOLDERS TO APPROVE PROPOSED REORGANIZATION

  • VersaBank (TSE:VBNK) Trading 0.8% Higher – Here’s Why

  • VERSABANK FORM S-4 REGISTRATION STATEMENT FOR PROPOSED REORGANIZATION DECLARED EFFECTIVE BY SEC

  • VERSABANK APPOINTS INVESTOR RELATIONS VETERAN LAWRENCE CHAMBERLAIN AS GLOBAL SVP, INVESTOR AND STAKEHOLDER RELATIONS

  • VERSABANK CALLS SPECIAL SHAREHOLDER MEETING TO APPROVE PROPOSED REORGANIZATION

  • VersaBank (NASDAQ:VBNK) Shares Gap Up – Should You Buy?

  • VERSABANK TO PARTICIPATE IN THE KBW SUMMER BANK CONFERENCE IN NEW YORK CITY ON JULY 28-29, 2026

  • VERSABANK TO PARTICIPATE IN THE KBW SUMMER BANK CONFERENCE IN NEW YORK CITY ON JULY 28-29, 2026

  • VERSABANK WELCOMES BACK FINANCING INDUSTRY VETERAN MOE DANIS TO SUPPORT ANTICIPATED GROWTH OF REAL-TIME SRP

  • VERSABANK ADDS NEW ECN CAPITAL SUBSIDIARY TO US STRUCTURED RECEIVABLE PROGRAM

  • VersaBank (VBNK) Is Up 13.59% in One Week: What You Should Know

  • VERSABANK DONATES $60,000 TO THE SALVATION ARMY'S HARVEST HOPE CAMPAIGN

  • VERSABANK DONATES $60,000 TO THE SALVATION ARMY'S HARVEST HOPE CAMPAIGN

  • VERSABANK LAUNCHES BREAKTHROUGH REAL-TIME STRUCTURED RECEIVABLE PROGRAM TO POINT-OF-SALE INDUSTRY IN CANADA AND UNITED STATES