VersaBank

VBNK · NASDAQ · Financial Services / Banks - Regional

23.81USD-0.16 (-0.67%)

Price History

Full chart

Market Stats

Previous Close23.97

Open23.97

Day Range23.34 – 24.38

52-Week Range11.22 – 25.03

Volume68.17K

Market Cap758.93M

P/E (TTM)31.64

Forward P/E11.61

EPS0.74

Dividend Yield0.31%

Beta1.08

50-Day Avg20.60

200-Day Avg17.75

About

VersaBank provides various banking products and services in Canada and the United States. The company operates through four segments: Digital Banking Canada, Digital Banking USA, DRTC (Cybersecurity), and Digital Meteor. It offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial real estate mortgages and loans, public sector, leases, and other financing. In addition, it provides cybersecurity services. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMs. Susan Teresa McGovern B.Sc.
Employees131
Headquarters140 Fullarton Street, London, ON, Canada, N6A 5P2, USA
Websitehttps://www.versabank.com

Leadership

Ms. Susan Teresa McGovern B.Sc.Interim CEO & Vice Chair · b. 1963
Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., PPLGroup President & Director · b. 1953
Mr. John W. Asma B.A. (Hons.), M.B.A.Executive Vice President
Mr. R. Shawn Clarke M.B.A., M.Eng., P.Eng.Chief Operating Officer of VersaBank USA · b. 1971
Mr. Michael Richard Dixon B.Com., B.Comm., M.B.A.Senior Vice President
Mr. Telemaco G. Matrundola B.A., M.A., Ph.D.President of VersaBank USA & CEO of VersaBank USA · b. 1970
Mr. Nicolas OspinaGlobal Chief Financial Officer · b. 1989
Mr. Wooi Koay B.Com., B.Sc.Chief Information Officer · b. 1976
Mr. Lawrence Chamberlain B.A., M.A.Global Senior Vice President of Investor & Stakeholder Relations
Mr. Brent Tyler Hodge CIPP, J.D.Senior VP, General Counsel & Corporate Secretary

Financials

Income Statement

Currency: CAD	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Revenue	29.23M	32.90M	63.24M	60.79M	65.85M	70.94M	71.62M	81.10M	88.33M	86.15M	94.69M	132.54M	237.92M	111.63M	120.23M
Growth (%)	-	+12.53%	+92.26%	-3.87%	+8.32%	+7.72%	+0.97%	+13.23%	+8.91%	-2.46%	+9.91%	+39.98%	+79.50%	-53.08%	+7.70%
Cost of Revenue	39.48M	41.76M	35.79M	31.21M	32.03M	32.13M	27.66M	29.75M	34.11M	31.63M	28.89M	50.60M	129.89M	182.50M	-
Gross Profit	29.23M	32.90M	27.45M	29.59M	33.82M	38.81M	43.97M	51.35M	54.22M	54.53M	65.80M	81.94M	108.03M	111.63M	120.23M
Gross Margin	100.00%	100.00%	43.41%	48.67%	51.36%	54.71%	61.39%	63.32%	61.38%	63.29%	69.49%	61.82%	45.40%	100.00%	100.00%
Operating Expense	18.04M	24.80M	24.95M	23.38M	24.78M	27.05M	29.23M	26.34M	26.40M	27.78M	35.01M	49.39M	50.38M	56.84M	78.73M
Operating Income	11.19M	8.09M	2.50M	6.21M	9.04M	11.76M	14.73M	25.01M	27.82M	26.75M	30.79M	32.55M	57.65M	54.79M	41.49M
Operating Margin	38.28%	24.60%	3.96%	10.21%	13.73%	16.58%	20.57%	30.84%	31.50%	31.05%	32.52%	24.56%	24.23%	49.08%	34.51%
EBITDA	11.19M	8.09M	3.00M	6.60M	9.43M	12.53M	15.29M	25.64M	28.54M	27.90M	32.52M	34.49M	59.43M	57.43M	44.59M
EBITDA Margin	38.28%	24.60%	4.74%	10.86%	14.32%	17.67%	21.34%	31.61%	32.31%	32.39%	34.34%	26.02%	24.98%	51.44%	37.09%
Net Income	7.57M	3.82M	1.76M	5.68M	8.22M	8.47M	19.47M	18.07M	20.20M	19.41M	22.38M	22.66M	42.16M	39.75M	28.46M
Net Income Margin	25.90%	11.62%	2.79%	9.34%	12.48%	11.94%	27.19%	22.29%	22.87%	22.52%	23.64%	17.09%	17.72%	35.61%	23.67%
Interest Expense	39.17M	41.29M	35.27M	30.29M	30.48M	31.26M	27.78M	29.41M	34.41M	31.97M	29.33M	50.15M	129.28M	182.76M	179.51M
Interest Expense % of Total Revenue	134.01%	125.53%	55.77%	49.82%	46.29%	44.07%	38.79%	36.27%	38.96%	37.11%	30.98%	37.84%	54.34%	163.72%	149.31%

Balance Sheet

Currency: CAD	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Assets	1.49B	1.53B	1.40B	1.45B	1.63B	1.70B	1.73B	1.81B	1.79B	1.94B	2.42B	3.27B	4.20B	4.84B	5.81B
Total Liabilities	1.39B	1.44B	1.27B	1.29B	1.45B	1.52B	1.52B	1.59B	1.55B	1.69B	2.08B	2.92B	3.82B	4.44B	5.28B
Total Equity	96.58M	93.10M	133.13M	152.52M	174.62M	185.88M	208.54M	223.57M	240.16M	255.29M	332.11M	350.68M	377.16M	399.20M	532.67M
Cash	188.99M	129.47M	176.32M	145.14M	127.08M	93.96M	159.91M	129.78M	139.15M	257.64M	271.52M	88.58M	132.24M	225.25M	581.71M
Total Debt	92.90M	93.17M	63.74M	57.33M	57.48M	57.65M	43.04M	43.15M	38.25M	16.72M	100.39M	109.42M	110.62M	108.58M	108.51M
Net Debt	-96.10M	-36.30M	-112.58M	-87.81M	-69.59M	-36.31M	-116.87M	-86.63M	-100.90M	-240.93M	-171.14M	20.84M	-21.62M	-116.67M	-473.20M

Cash Flow

Currency: CAD	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Operating Cash Flow	-20.23M	-10.21M	-88.53M	-29.02M	-57.44M	-46.47M	77.88M	-14.90M	19.78M	139.59M	-108.31M	-32.65M	94.72M	272.70M	44.45M
Investing Cash Flow	102.01M	-49.32M	127.41M	-8.45M	25.92M	12.02M	7.07M	-10.76M	-242.00K	9.76M	-8.44M	-141.61M	-28.14M	-157.58M	212.26M
Financing Cash Flow	18.23M	47.57M	7.97M	6.29M	13.45M	1.34M	-19.00M	-4.47M	-10.17M	-30.85M	131.40M	-6.30M	-17.31M	-23.33M	102.04M
Capital Expenditure	0	0	0	0	0	246.00K	2.24M	993.00K	242.00K	245.00K	14.00K	581.00K	362.00K	18.58M	954.00K
Free Cash Flow	-20.23M	-10.21M	-88.53M	-29.02M	-57.44M	-46.72M	75.64M	-15.90M	19.54M	139.35M	-108.32M	-33.23M	94.36M	254.13M	43.50M
Dividends Paid	-	-	-	-	1.82M	2.20M	2.20M	3.04M	3.68M	4.28M	3.85M	3.73M	3.60M	3.59M	3.23M
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.53%	97.12%	106.66%	98.78%	99.82%	100.01%	101.78%	99.62%	93.19%	97.85%
Dividend Paid to FCF	-	-	-	-	-3.17%	-4.71%	2.91%	-19.15%	18.82%	3.07%	-3.55%	-11.22%	3.82%	1.41%	7.44%

Earnings

Report Date	Mar 5, 2014	Jun 5, 2014	Aug 28, 2014	Jan 14, 2015	Aug 27, 2015	Dec 3, 2015	Mar 2, 2016	Jun 1, 2016	Aug 31, 2016	Nov 30, 2016	Mar 17, 2017	May 31, 2017	Aug 30, 2017	Nov 29, 2017	Feb 28, 2018	May 30, 2018	Aug 29, 2018	Nov 28, 2018	Feb 27, 2019	May 29, 2019	Aug 28, 2019	Nov 27, 2019	Feb 26, 2020	May 27, 2020	Aug 26, 2020	Nov 25, 2020	Feb 24, 2021	May 27, 2021	Sep 1, 2021	Dec 1, 2021	Mar 2, 2022	Jun 1, 2022	Aug 31, 2022	Dec 7, 2022	Mar 8, 2023	Jun 7, 2023	Aug 30, 2023	Dec 13, 2023	Mar 6, 2024	Jun 5, 2024	Sep 5, 2024	Dec 9, 2024	Mar 5, 2025	Jun 4, 2025	Sep 4, 2025	Dec 10, 2025	Mar 3, 2026	Jun 3, 2026	Sep 3, 2026
EPS Estimate	0.08	0.06	0.11	0.06	0.10	0.12	0.07	0.04	0.09	0.11	0.09	0.10	0.10	0.10	0.11	0.13	0.13	0.14	-	0.24	0.24	0.27	0.26	0.25	0.19	0.18	0.17	0.21	0.21	0.19	0.18	0.17	0.18	0.16	0.20	0.27	0.30	0.31	0.34	0.34	0.34	0.29	0.27	0.21	0.18	0.24	0.25	0.27	0.34
EPS Actual	0.07	0.06	0.05	0.13	0.05	0.11	0.09	0.08	0.09	0.09	0.14	0.13	0.08	0.17	0.12	0.14	0.15	0.16	0.16	0.15	0.16	0.17	0.17	0.16	0.13	0.20	0.18	0.21	0.20	0.19	0.15	0.13	0.15	0.17	0.25	0.28	0.28	0.35	0.35	0.33	0.27	0.14	0.19	0.19	0.22	0.24	0.28	0.28	0.27
Surprise	-12.50%	0.00%	-54.55%	116.67%	-50.00%	-8.33%	28.57%	100.00%	0.00%	-18.18%	55.56%	30.00%	-20.00%	70.00%	9.09%	7.69%	15.38%	14.29%	-	-35.63%	-34.46%	-35.70%	-36.38%	-36.68%	-30.26%	11.11%	5.88%	0.00%	-4.76%	0.00%	-16.67%	-23.53%	-16.67%	6.25%	25.00%	3.70%	-6.67%	12.90%	2.94%	-2.94%	-20.59%	-51.72%	-29.63%	-9.52%	22.22%	0.00%	12.00%	3.70%	-20.59%
Timing	-	-	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap758.93M

Enterprise Value373.86M

Trailing P/E31.64

Forward P/E11.61

Price / Sales5.18

Price / Book1.86

EPS0.74

Book Value12.53

Revenue (TTM)146.49M

Gross Profit (TTM)146.49M

Profit Margin23.11%

Operating Margin35.54%

Return on Equity6.19%

Return on Assets0.55%

Shares Outstanding32.42M

Shares Float20.94M

Beta1.08

Dividend Yield0.31%

Dividend Rate0.07

Payout Ratio6.72%

Analyst Ratings

Buy

Based on 4 analystsTarget 25.50

Strong Buy
1
Buy
2
Hold
1

Ownership Breakdown

Institutions: 38.23%
Insiders: 37.35%
Retail / Other: 24.42%

Top Institutional Holders

AllianceBernstein L.P.
2.97M9.17%
Pembroke Management Ltd
1.52M4.69%
CIBC World Markets Inc.
1.19M3.67%
Curi Capital, LLC
805.08K2.48%
Mendon Capital Advisors Corp
780.98K2.41%
TCW Group Inc
711.28K2.19%
Pacific Ridge Capital Partners, LLC
585.52K1.81%
Connor Clark & Lunn Inv Mgmt Ltd
533.03K1.64%
TD Asset Management Inc
493.40K1.52%
CSM Advisors, LLC
279.12K0.86%
Wellington Management Company LLP
265.88K0.82%
Kennedy Capital Management Inc
205.68K0.63%
Mudita Advisors LLP
202.93K0.63%
TD Waterhouse Canada Inc
186.82K0.58%
Cox Capital Co LLC
181.52K0.56%
NATIONAL BANK OF CANADA /FI/
149.79K0.46%

Top Fund Holders

RMB Mendon Financial Services A
650.00K2.00%
Pembroke Canadian Growth
249.62K0.77%
Adara Smaller Companies
230.57K0.71%
CL Disciplined Growth Private
150.00K0.46%

Dividends

20264×

0.02Oct 9, 20260.02Jul 10, 20260.02Apr 10, 20260.02Jan 9, 2026

20254×

0.02Oct 10, 20250.02Jul 3, 20250.02Apr 4, 20250.02Jan 10, 2025

20244×

0.02Oct 4, 20240.02Jul 5, 20240.02Apr 4, 20240.02Jan 4, 2024

20234×

0.02Oct 5, 20230.02Jul 6, 20230.02Apr 5, 20230.02Jan 5, 2023

20224×

0.02Oct 6, 20220.02Jul 7, 20220.02Apr 7, 20220.02Jan 6, 2022

20214×

0.02Sep 30, 20210.02Jul 1, 20210.02Mar 31, 20210.02Jan 7, 2021