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VersaBank

Financial Services CA VBNK

15.8CAD
-(-%)

Last update at 2025-07-04T15:41:00Z

Day Range

15.7615.88
LowHigh

52 Week Range

12.1825.67
LowHigh

Fundamentals

  • Previous Close 15.80
  • Market Cap511.52M
  • Volume1081
  • P/E Ratio14.30
  • Dividend Yield0.64%
  • Revenue TTM110.49M
  • Revenue Per Share TTM3.90
  • Gross Profit TTM 110.49M
  • Diluted EPS TTM1.10

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Income before tax 32.55M 30.79M 26.75M 27.82M 25.01M
Minority interest - - - - -
Net income 22.66M 22.38M 19.41M 20.20M 18.07M
Selling general administrative 45.53M 31.35M 25.32M 23.97M 24.03M
Selling and marketing expenses - - - - -
Gross profit 82.39M 65.36M 54.19M 53.92M 51.69M
Reconciled depreciation 1.94M 1.73M 1.15M 0.72M -
Ebit 82.70M 60.12M 58.72M 62.23M 54.43M
Ebitda 84.64M 61.85M 59.87M 62.95M 55.05M
Depreciation and amortization 1.94M 1.73M 1.15M 0.72M 0.62M
Non operating income net other - - - - -
Operating income 82.70M 60.12M 58.72M 62.23M 54.43M
Other operating expenses - - - - -
Interest expense 50.15M 29.33M 31.97M 34.41M 29.41M
Tax provision 9.89M 8.41M 7.35M 7.62M 6.94M
Interest income 126.82M 89.49M 86.09M 88.31M -
Net interest income 76.67M 60.16M 54.12M 53.90M 51.50M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 9.89M 8.41M 7.35M 7.62M 6.94M
Total revenue 82.39M 65.36M 54.19M 53.92M 51.69M
Total operating expenses - - - - -
Cost of revenue - - - - -
Total other income expense net -50.15100M -29.33100M -31.96900M -34.40800M -29.41500M
Discontinued operations - - - - -
Net income from continuing ops 22.66M 22.38M 19.41M 20.20M -
Net income applicable to common shares 21.67M 20.80M 17.24M 18.00M 15.87M
Preferred stock and other adjustments - - - - -
Breakdown 2024-10-31 2023-10-31 2022-10-31 2021-10-31 2020-10-31
Type yearly yearly yearly yearly yearly
Date 2024-10-31 2023-10-31 2022-10-31 2021-10-31 2020-10-31
Total assets 4838.48M 4201.61M 3264.39M 2415.09M 1943.88M
Intangible assets 12.05M 2.79M 3.19M 3.64M -
Earning assets - - - 0.95M 8.63M
Other current assets - - 14.70M 8.20M 6.54M
Total liab 4439.28M 3824.45M 2915.32M 2082.98M 1688.60M
Total stockholder equity 399.20M 377.16M 349.06M 332.11M 255.29M
Deferred long term liab - - - - -
Other current liab - - 131.91M -117.65700M -100.29700M
Common stock - - 238.02M 227.67M 152.61M
Capital stock 215.61M 228.47M 238.02M 241.32M 181.95M
Retained earnings 181.24M 146.04M 109.33M 90.64M 73.19M
Other liab - - 8.79M 8.79M 4.01M
Good will 12.30M 5.75M 5.75M 5.75M -
Other assets - - 3034.24M 2110.49M 1660.36M
Cash 225.25M 132.24M 88.58M 271.52M 257.64M
Cash and equivalents - - - - -
Total current liabilities - - 2797.82M 117.66M 100.30M
Current deferred revenue - - - - -
Net debt - - 16.37M -171.13800M -240.92600M
Short term debt - - - - -
Short long term debt - - - - -
Short long term debt total - - 104.95M 100.39M 16.72M
Other stockholder equity - - 1.61M 0.29M 0.14M
Property plant equipment - - 10.99M 11.89M 10.45M
Total current assets - - 88.58M 282.36M 264.45M
Long term investments 300.25M 168.89M 141.56M 0.95M 8.63M
Net tangible assets - - 341.74M 322.71M 225.95M
Short term investments 0.95M - - - -
Net receivables 32.49M 24.54M 3.77M 10.84M 6.81M
Long term debt 102.50M 106.85M 231.06M 206.04M 109.70M
Inventory - - - - -
Accounts payable - 9.68M 2638.30M 117.66M 100.30M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - 0.10M -0.00400M -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - -141.56400M -22.24000M -19.07500M
Deferred long term asset charges - - - - -
Non current assets total - - 141.56M 22.24M 19.07M
Capital lease obligations 6.08M 3.77M - 5.11M 3.08M
Long term debt total - - 235.53M 211.15M 112.78M
Breakdown 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Type yearly yearly yearly yearly yearly
Date 2022-10-31 2021-10-31 2020-10-31 2019-10-31 2018-10-31
Investments -141.03100M -0.95300M 10.00M 10.00M -9.76200M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -141.61200M -8.44000M 9.76M -0.24200M -10.75500M
Net borrowings -0.64200M 78.84M -24.88500M -5.12500M -5.12500M
Total cash from financing activities -6.30100M 131.40M -30.85100M -10.17400M -4.46900M
Change to operating activities -865.49300M -421.39000M -52.82900M 32.09M -98.75800M
Net income 22.66M 22.38M 19.41M 20.20M 18.07M
Change in cash -182.94200M 13.88M 118.50M 9.36M -30.12800M
Begin period cash flow 271.52M 257.64M 139.15M 129.78M 159.91M
End period cash flow 88.58M 271.52M 257.64M 139.15M 129.78M
Total cash from operating activities -32.65400M -108.30500M 139.59M 19.78M -14.90400M
Issuance of capital stock 0.00000M 73.23M - - -
Depreciation 1.94M 1.73M 1.15M 0.72M 0.62M
Other cashflows from investing activities -141.03100M -8.42600M 10.00M 0.00000M -9.76200M
Dividends paid 3.73M 3.85M 4.28M 3.68M 3.04M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -1.93000M -16.81300M - - -
Other cashflows from financing activities -141.61200M 179.00M -1.68600M 3.50M -1.42500M
Change to netincome 17.88M 1.87M 5.33M 4.90M 5.35M
Capital expenditures 0.58M 0.01M 0.24M 0.24M 0.99M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -75.12800M -134.28600M 113.71M -6.03500M -38.95400M
Stock based compensation 1.47M 53.62M 52.11M 51.17M -
Other non cash items 6.52M -6.53700M -2.01900M -2.72700M -1.58600M
Free cash flow -33.23500M -108.31900M 139.35M 19.54M -15.89700M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
VBNK
VersaBank		 - -% 15.80 14.30 7.81 4.63 0.97 5.49
EQB
EQB Inc.		 0.18 0.18% 100.53 9.83 8.67 3.17 1.12 16.13
LB
Laurentian Bank Of Canada		 0.03 0.10% 30.93 10.26 9.84 1.45 0.52 13.51

Reports Covered

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Profile

VersaBank provides various banking products and services in Canada and the United States. The company operates through three segments: Digital Banking Canada, Digital Banking USA, and DRTC (cybersecurity services and banking and financial technology development). 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 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.

VersaBank

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

Key Executives

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

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