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VersaBank

Financial Services Banks - Regional
PortfolioPortfolio WatchlistWatchlist
Company price
32.04 CAD 1.22 ( 3.96%)
Last update at 2026-11-04T19:57:00Z
VOLUME
19814
Market Cap
787.95M
P/E
25.33

Momentum Score

…

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

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
31.00
Low
32.04
High
52 Week Price Range
13.87
Low
25.06
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 digital bank that provides deposit accounts and commercial and mortgage loans through technology-enabled delivery. Long-term growth drivers include expansion of digital lending and deposits and scaling of its technology-led model, which may benefit from rising demand for online banking and lower branch costs. Investors may find the company attractive due to its niche digital focus and potential for scalable operating leverage.
Primary risks are credit and interest-rate sensitivity, execution and scaling risk for technology-led growth, and regulatory oversight that could constrain business expansion.

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
30.82
Dividend Yield
0.42%
Revenue TTM
129.24M
Revenue Per Share
4.01
Gross Profit TTM
129.24M
Debt / Equity
0.20
ROE
5.90%
Net Debt
-473.20M
ROCE
4.38%
Diluted EPS TTM
0.97

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Income before tax 41.49M 54.79M 57.65M 32.55M 30.79M
Net income 28.46M 39.75M 42.16M 22.66M 22.38M
Selling general administrative 71.71M 51.95M 46.48M 45.53M 31.35M
Gross profit 120.23M 111.63M 108.03M 82.39M 65.36M
Reconciled depreciation 3.10M 2.63M 1.78M 1.94M 1.73M
Ebit 41.49M 54.79M 57.65M 82.70M 60.12M
Ebitda 44.59M 57.43M 59.43M 84.64M 61.85M
Depreciation and amortization 3.10M 2.63M 1.78M 1.94M 1.73M
Operating income 41.49M 54.79M 57.65M 82.70M 60.12M
Other operating expenses 262.66M 239.60M 180.27M - -
Interest expense 179.51M 182.76M 129.28M 50.15M 29.33M
Tax provision 13.04M 15.04M 15.48M 9.89M 8.41M
Interest income 295.68M 285.42M 229.33M 126.82M 89.49M
Net interest income 116.17M 102.66M 100.05M 76.67M 60.16M
Income tax expense 13.04M 15.04M 15.48M 9.89M 8.41M
Total revenue 304.15M 294.40M 237.92M 82.39M 65.36M
Total operating expenses 78.73M 57.11M 50.38M - -
Cost of revenue 183.93M 182.50M 129.89M - -
Total other income expense net - - 57.65M -50.15M -29.33M
Net income from continuing ops 28.46M 39.75M 42.16M 22.66M 22.38M
Net income applicable to common shares 28.46M 38.76M 41.17M 21.67M 20.80M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Total assets 5808.48M 4838.48M 4201.61M 3264.39M 2415.09M
Intangible assets 10.56M 12.05M 2.79M 3.19M 3.64M
Earning assets - - - - 0.95M
Other current assets - - - 14.70M 8.20M
Total liab 5275.80M 4439.28M 3824.45M 2915.32M 2082.98M
Total stockholder equity 532.67M 399.20M 377.16M 349.06M 332.11M
Other current liab 4860.13M - - 131.91M -117.66M
Common stock 325.91M - - 238.02M 227.67M
Capital stock 325.91M 215.61M 228.47M 238.02M 241.32M
Retained earnings 203.73M 181.24M 146.04M 109.33M 90.64M
Other liab - - - 8.79M 8.79M
Good will 12.30M 12.30M 5.75M 5.75M 5.75M
Other assets 4.04M - - 3034.24M 2110.49M
Cash 581.71M 225.25M 132.24M 88.58M 271.52M
Total current liabilities 4860.86M - - 2797.82M 117.66M
Net debt -473.20M - - 16.37M -171.14M
Short term debt 0.61M - - - -
Short long term debt total 106.18M - - 104.95M 100.39M
Other stockholder equity 2.47M - - 1.61M 0.29M
Property plant equipment 26.36M - - 10.99M 11.89M
Total current assets 613.45M - - 88.58M 282.36M
Long term investments 81.88M 300.25M 168.89M 141.56M 0.95M
Net tangible assets - - - 341.74M 322.71M
Short term investments 0.95M 0.95M - - -
Net receivables 30.79M 32.49M 24.54M 3.77M 10.84M
Long term debt 103.52M 102.50M 106.85M 231.06M 206.04M
Accounts payable - - 9.68M 2638.30M 117.66M
Accumulated other comprehensive income 0.56M - - 0.10M -0.00M
Non currrent assets other 17.88M - - -141.56M -22.24M
Non current assets total 5195.02M - - 141.56M 22.24M
Capital lease obligations 5.00M 6.08M 3.77M - 5.11M
Long term debt total 105.57M - - 235.53M 211.15M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Investments 213.21M -157.58M -28.14M -141.03M -0.95M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities 212.26M -157.58M -28.14M -141.61M -8.44M
Net borrowings -0.37M -5.74M -0.70M -0.64M 78.84M
Total cash from financing activities 102.04M -23.33M -17.31M -6.30M 131.40M
Change to operating activities - - - -865.49M -421.39M
Net income 28.46M 39.75M 42.16M 22.66M 22.38M
Change in cash 356.46M 93.01M 49.27M -182.94M 13.88M
Begin period cash flow 225.25M 132.24M 88.58M 271.52M 257.64M
End period cash flow 581.71M 225.25M 132.24M 88.58M 271.52M
Total cash from operating activities 44.45M 272.70M 94.72M -32.65M -108.31M
Issuance of capital stock 114.77M 0.61M 0.28M 0.00M 73.23M
Depreciation 3.10M 2.63M 1.78M 1.94M 1.73M
Other cashflows from investing activities 213.21M -126.89M -27.78M -141.03M -8.43M
Dividends paid -3.23M -3.59M 3.60M 3.73M 3.85M
Sale purchase of stock -9.13M -14.01M -13.29M -1.93M -16.81M
Other cashflows from financing activities - -14.62M 840.84M -141.61M 179.00M
Change to netincome - - - 17.88M 1.87M
Capital expenditures 0.95M 18.58M 0.36M 0.58M 0.01M
Change in working capital 122.50M 229.86M 12.44M -75.13M -134.29M
Stock based compensation 0.08M 0.35M 0.90M 1.47M 53.62M
Other non cash items -122.72M -14.93M -100.05M 6.52M -6.54M
Free cash flow 149.44M 254.13M 94.36M -33.23M -108.32M

Peer Comparison*

Sector: Financial Services Industry: Banks - Regional

Stock Name
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		 1.22
3.96%		 32.04 25.33 17.18 6.10 1.42 6.56
EQB
EQB Inc.		 5.99
4.90%		 128.24 20.08 13.05 4.05 1.42 13.82
LB
Laurentian Bank Of Canada		 0.01
0.02%		 40.49 26.83 14.93 1.95 0.67 14.40

Profile*

VersaBank

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

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

519 645 1919

https://www.versabank.com

131

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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