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VersaBank

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
22.95 USD 0.59 ( 2.64%)
Last update at 2026-11-06T21:00:00Z
VOLUME
90959
Market Cap
251.64M
P/E
7.70

Momentum Score

…

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, 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 banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers 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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
22.15
Low
23.06
High
52 Week Price Range
6.89
Low
12.17
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

VersaBank is a Canadian Schedule I digital bank that originates commercial and residential mortgages, specialty loans and accepts deposits while licensing digital banking technology to partners. Long-term growth drivers include scaling digital partnerships, expanding mortgage and commercial originations and deposit growth through broker and digital channels, which may benefit revenue scalability and margins.
Material risks include concentration in real-estate and commercial loans, sensitivity to interest rates and economic cycles, competitive pressure, regulatory and execution risk for its technology initiatives and limited scale as a small bank.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
22.36
Dividend Yield
0.76%
Revenue TTM
111.47M
Revenue Per Share
4.29
Gross Profit TTM
108.03M
Debt / Equity
0.29
ROE
12.28%
Net Debt
-21.62M
ROCE
1.38%
Diluted EPS TTM
1.25

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Income before tax 57.65M 32.55M 30.79M 26.75M 27.82M
Net income 42.16M 22.66M 22.38M 19.41M 20.20M
Selling general administrative 46.48M 45.53M 31.35M 25.32M 23.97M
Gross profit 108.64M 82.39M 65.36M 54.19M 53.92M
Reconciled depreciation 1.78M 1.94M 1.73M 1.15M 0.72M
Ebit 57.65M 82.70M 30.79M 26.75M 27.82M
Ebitda 59.43M 84.64M 32.52M 27.90M 28.54M
Depreciation and amortization 1.78M 1.94M 1.73M 1.15M 0.72M
Operating income 57.65M 82.70M 30.79M 26.75M 27.82M
Other operating expenses -50.99M 0.31M -34.57M -27.43M 26.10M
Interest expense 129.28M 50.15M 29.33M 31.97M 34.41M
Tax provision 15.48M 9.89M 8.41M 7.35M 7.62M
Interest income 229.33M 76.67M 89.49M 86.09M 88.31M
Net interest income 100.05M 76.67M 60.16M 54.12M 53.90M
Income tax expense 15.48M 9.89M 8.41M 7.35M 7.62M
Total revenue 108.64M 82.39M 65.36M 54.19M 53.92M
Total operating expenses -50.99M 0.31M -34.57M -27.43M -26.10M
Total other income expense net - -50.15M -29.33M -31.97M -34.41M
Net income from continuing ops 42.16M 22.66M 22.38M 19.41M 20.20M
Net income applicable to common shares - 21.67M 20.80M 17.24M 18.00M
Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Total assets 4201.61M 3264.39M 2415.09M 1943.88M 1785.38M
Intangible assets 2.79M - 3.64M - -
Other current assets - 14.70M 2110.49M 6.54M 6.72M
Total liab 3824.45M 2915.32M 2082.98M 1688.60M 1545.22M
Total stockholder equity 377.16M 349.06M 332.11M 255.29M 240.16M
Other current liab -9.68M 5.80M -117.66M -100.30M -100.98M
Common stock 214.82M 238.02M 227.67M 152.61M 152.61M
Capital stock 228.47M 238.02M 241.32M 181.95M 181.95M
Retained earnings 146.04M 109.33M 90.64M 73.19M 58.07M
Other liab - 134.90M 8.79M 4.01M 6.10M
Good will 5.75M - 5.75M - -
Other assets 3857.43M 3034.24M 2110.49M 1660.36M 1621.10M
Cash 132.24M 88.58M 271.52M 257.64M 139.15M
Total current liabilities 9.68M 2671.71M 117.66M 100.30M 100.98M
Net debt -21.62M 16.37M -171.14M -240.93M -100.90M
Short long term debt total 110.62M 104.95M 100.39M 16.72M 38.25M
Other stockholder equity 2.51M 1.61M 0.14M 0.14M 0.14M
Property plant equipment - 10.99M 11.89M 10.45M 7.91M
Total current assets 156.78M 88.58M 282.36M 264.45M 146.31M
Long term investments 168.89M 141.56M 0.95M 8.63M 10.06M
Net tangible assets - 341.74M 309.06M 225.95M 210.83M
Net receivables 24.54M 3.77M 10.84M 6.81M 7.16M
Long term debt 106.85M 104.95M 95.27M 13.63M 38.25M
Accounts payable 9.68M 2638.30M 117.66M 100.30M 100.98M
Accumulated other comprehensive income 0.13M 0.10M -0.00M - -
Non currrent assets other -187.40M -141.56M -22.24M -19.07M -17.97M
Non current assets total 187.40M 141.56M 22.24M 19.07M 17.97M
Capital lease obligations 3.77M - 5.11M 3.08M -
Breakdown 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Type yearly yearly yearly yearly yearly
Date 2023-10-31 2022-10-31 2021-10-31 2020-10-31 2019-10-31
Investments -28.14M -141.03M -0.95M 10.00M 10.00M
Change to liabilities - 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities - -141.61M -8.44M 9.76M -0.24M
Net borrowings - -0.64M 78.84M -24.89M -5.12M
Total cash from financing activities -17.31M -6.30M 131.40M -30.85M -10.17M
Change to operating activities - -865.49M -421.39M -52.83M 32.09M
Net income 42.16M 22.66M 22.38M 19.41M 20.20M
Change in cash 43.66M -182.94M 13.88M 118.50M 9.36M
Begin period cash flow 88.58M 271.52M 257.64M 139.15M 129.78M
End period cash flow 132.24M 88.58M 271.52M 257.64M 139.15M
Total cash from operating activities 94.72M -32.65M -108.31M 139.59M 19.78M
Issuance of capital stock 0.28M 0.00M 73.23M - -
Depreciation 1.78M 1.94M 1.73M 1.15M 0.72M
Dividends paid -3.60M -3.73M -3.85M -4.28M 3.68M
Sale purchase of stock -13.29M -1.93M -16.81M - -
Other cashflows from financing activities -28.14M -141.61M 89.50M -1.69M 3.50M
Change to netincome - 17.88M 1.87M 5.33M 4.90M
Capital expenditures 0.36M 0.58M 0.01M 0.24M 0.24M
Change in working capital 12.44M -75.13M -134.29M 113.71M -6.04M
Stock based compensation 0.90M 1.47M 53.62M 52.11M 51.17M
Other non cash items 21.95M 6.52M -60.16M -54.12M -53.90M
Free cash flow 94.36M -33.23M -108.32M 139.35M 19.54M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
VBNK
VersaBank		 0.59
2.64%		 22.95 7.70 6.82 2.35 0.97
DBSDY
DBS Group Holdings Ltd ADR		 -6.82
3.06%		 215.88 20.00 17.57 7.54 3.17
CIHHF
China Merchants Bank Co Ltd Class H		 -
-%		 6.66 7.70 7.10 0.55 0.83
CIHKY
China Merchants Bank Co Ltd		 0.02
0.06%		 34.57 7.79 7.20 0.55 0.85
UNCFF
UniCredit SpA		 -0.81
0.94%		 85.79 11.53 10.27 5.72 1.83

Profile*

VersaBank

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, 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 banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers 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.

140 Fullarton Street, London, ON, Canada, N6A 5P2

519 645 1919

https://www.versabank.com

119

Name Title Year Born
Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., MBA, PPL Pres, CEO & Director 1953
Mr. R. Shawn Clarke M.B.A., M.Eng., P.Eng. Chief Financial Officer 1971
Mr. Nikola Kristo B.Com., M.B.A., B.Comm, MBA Chief Credit Officer NA
Mr. Michael Richard Dixon B.Com., B.Comm., M.B.A. Sr. VP of Point-of-Sale Financing NA
Terri Wilson VP of Investment & Risk Control NA
Mr. David William Thoms B.A., BA., M.B.A., MBA VP of Structured & Corp. Fin. NA
Mr. Wooi Koay B.Com., B.Sc. Chief Information Officer NA
Mr. Brent Tyler Hodge CIPP, J.D. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer NA
Mr. Jonathan Francis Patrick Taylor B.B.A., C.H.R.L., CHRL Chief HR Officer 1960
Mr. Telemaco G. Matrundola B.A., Ph.D., M.A. Chief Strategist of Cyber Security NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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