Free Trial
→ Now I look stupid. Real stupid... (From Porter & Company) (Ad) Buy VBNK Stock  Free VBNK Stock Alerts

VersaBank (VBNK) Financials

VersaBank logo
$9.74 +0.02 (+0.21%)
As of 04:00 PM Eastern
Compare
Annual Income Statements for VersaBank

Annual Income Statements for VersaBank

This table shows VersaBank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 15 17 17 30 29
Consolidated Net Income / (Loss)		 15 17 17 30 29
Net Income / (Loss) Continuing Operations		 15 17 17 30 29
Total Pre-Tax Income 		20 24 24 42 39
Total Revenue		 39 58 54 62 59
Net Interest Income / (Expense)		 38 54 54 62 59
Total Interest Income		 62 90 90 155 190
Loans and Leases Interest Income		 62 90 90 155 190
Total Interest Expense		 24 37 37 93 131
Deposits Interest Expense		 24 33 33 89 127
Long-Term Debt Interest Expense		 0.38 4.07 4.07 4.17 4.07
Total Non-Interest Income		 0.05 4.20 0.00 0.00 0.00
Provision for Credit Losses		 -0.26 0.33 0.33 0.44 -0.19
Total Non-Interest Expense		 21 36 29 20 20
Salaries and Employee Benefits		 13 20 20 23 24
Net Occupancy & Equipment Expense		 1.84 2.83 2.83 2.81 3.70
Other Operating Expenses		 4.13 11 6.88 -5.17 -7.42
Other Special Charges		 0.00 -0.08 -0.08 -0.02 0.19
Income Tax Expense		 5.52 7.25 7.25 11 11
Weighted Average Basic Shares Outstanding		 21.12M 27.25M - 25.96M 26.00M
Weighted Average Diluted Shares Outstanding		 21.12M 27.25M - 25.96M 26.00M
Weighted Average Basic & Diluted Shares Outstanding		 21.12M 27.43M - 25.96M 26.00M

Quarterly Income Statements for VersaBank

No quarterly income statements for VersaBank are available.

Annual Cash Flow Statements for VersaBank

This table details how cash moves in and out of VersaBank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 18 134 -132 32 66
Net Cash From Operating Activities		 105 -87 -129 32 105
Net Cash From Continuing Operating Activities		 14 15 -129 32 105
Net Income / (Loss) Continuing Operations		 15 18 0.00 30 0.00
Non-Cash Adjustments to Reconcile Net Income		 0.00 - -129 - 105
Net Cash From Investing Activities		 7.32 -6.81 -0.43 0.00 -22
Net Cash From Continuing Investing Activities		 7.32 -6.81 -0.43 0.00 -22
Purchase of Property, Leasehold Improvements and Equipment		 -0.18 -0.01 -0.43 - -13
Acquisitions		 0.00 -6.03 - - -8.69
Net Cash From Financing Activities		 -23 106 -4.62 0.00 -17
Net Cash From Continuing Financing Activities		 -3.48 127 -3.20 0.00 -13
Issuance of Common Equity		 0.00 131 0.00 - 0.44
Repayment of Debt		 0.00 -1.14 -0.47 - -0.53
Repurchase of Preferred Equity		 - - - 0.00 -10
Payment of Dividends		 -3.21 -3.10 -2.73 - -2.57
Effect of Exchange Rate Changes		 0.00 -0.63 -1.74 - 0.88

Quarterly Cash Flow Statements for VersaBank

No quarterly cash flow statements for VersaBank are available.

Annual Balance Sheets for VersaBank

This table presents VersaBank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets		 1,459 2,395 2,395 3,028 3,471
Cash and Due from Banks		 193 65 65 95 162
Loans and Leases, Net of Allowance		 1,242 2,194 2,194 0.00 0.00
Premises and Equipment, Net		 - - - 4.71 17
Goodwill		 - - - 4.15 8.82
Intangible Assets		 - - - 2.01 8.65
Other Assets		 24 32 32 26 21
Total Liabilities & Shareholders' Equity		 1,459 2,395 2,395 3,028 3,471
Total Liabilities		 1,268 2,137 2,137 2,756 3,185
Total Equity & Noncontrolling Interests		 192 257 257 272 286
Total Preferred & Common Equity		 192 256 257 272 286
Total Common Equity		 192 256 257 272 286
Common Stock		 137 176 177 166 156
Retained Earnings		 55 80 80 105 130
Accumulated Other Comprehensive Income / (Loss)		 0.00 0.07 0.07 0.09 -0.09

Quarterly Balance Sheets for VersaBank

No quarterly balance sheets for VersaBank are available.

Annual Metrics and Ratios for VersaBank

This table displays calculated financial ratios and metrics derived from VersaBank's official financial filings.

Metric 2020 2021 2022 2023 2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 49.89% 3.85% 16.26% -5.38%
EBITDA Growth		 0.00% 20.23% 12.90% 78.51% -8.45%
EBIT Growth		 0.00% 18.24% 12.90% 73.60% -5.87%
NOPAT Growth		 0.00% 14.04% 0.00% 82.88% -6.14%
Net Income Growth		 0.00% 14.04% -7.98% 82.88% -6.14%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% -183.37% -47.38% 124.85% 226.98%
Free Cash Flow Firm Growth		 0.00% 0.00% 134.00% -5.34% -11.67%
Invested Capital Growth		 0.00% 39.79% 0.00% 5.70% 5.38%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
EBITDA Margin		 48.79% 39.13% 44.70% 68.64% 66.41%
EBIT Margin		 46.55% 36.72% 44.70% 66.75% 66.41%
Profit (Net Income) Margin		 37.81% 28.77% 31.02% 48.80% 48.40%
Tax Burden Percent		 72.54% 69.61% 69.61% 73.14% 72.54%
Interest Burden Percent		 111.98% 112.54% 99.68% 99.94% 100.48%
Effective Tax Rate		 27.46% 30.39% 30.39% 26.86% 27.46%
Return on Invested Capital (ROIC)		 7.60% 7.23% 6.46% 11.49% 10.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 6.46% 11.49% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 6.46% 11.49% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% -25.95% 6.46% 5.95% 4.98%
Operating Return on Assets (OROA)		 1.23% 1.24% 1.10% 1.53% 1.20%
Return on Assets (ROA)		 1.00% 0.98% 0.77% 1.12% 0.88%
Return on Common Equity (ROCE)		 0.00% 0.00% 6.46% 11.49% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 7.60% 6.20% 6.46% 11.18% 9.96%
Net Operating Profit after Tax (NOPAT)		 15 17 17 30 29
NOPAT Margin		 37.81% 28.77% 31.02% 48.80% 48.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 37.84% 38.93% 41.98% 40.89% 46.20%
Operating Expenses to Revenue		 54.12% 62.71% 54.68% 32.54% 33.92%
Earnings before Interest and Taxes (EBIT)		 18 21 24 42 39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 23 24 43 39
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.70 0.73 0.76 1.36
Price to Tangible Book Value (P/TBV)		 0.00 0.70 0.73 0.78 1.45
Price to Revenue (P/Rev)		 0.00 3.24 3.50 3.33 6.61
Price to Earnings (P/E)		 0.00 11.27 11.29 6.82 13.66
Dividend Yield		 0.00% 1.47% 1.46% 1.32% 0.54%
Earnings Yield		 0.00% 8.87% 8.86% 14.67% 7.32%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.48 0.41 0.80
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.29 1.80 3.87
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 5.12 2.62 5.82
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 5.12 2.69 5.82
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 7.38 3.68 7.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 3.49 2.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 7.38 7.11 16.41
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 7.61 7.41 8.27 10.25 11.64
Compound Leverage Factor		 8.53 8.34 8.25 10.25 11.70
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -60 17 16 14
Operating Cash Flow to CapEx		 56,977.61% -773,610.89% -30,226.36% 0.00% 784.89%
Free Cash Flow to Firm to Interest Expense		 0.00 -1.62 0.45 0.17 0.11
Operating Cash Flow to Interest Expense		 4.37 -2.38 -3.50 0.34 0.80
Operating Cash Flow Less CapEx to Interest Expense		 4.36 -2.38 -3.51 0.34 0.70
Efficiency Ratios		 - - - - -
Asset Turnover		 0.03 0.03 0.02 0.02 0.02
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 5.39
Capital & Investment Metrics		 - - - - -
Invested Capital		 192 268 257 272 286
Invested Capital Turnover		 0.20 0.25 0.21 0.24 0.21
Increase / (Decrease) in Invested Capital		 0.00 76 0.00 15 15
Enterprise Value (EV)		 0.00 -32 123 112 228
Market Capitalization		 0.00 187 187 207 389
Book Value per Share		 $9.07 $9.76 $9.37 $9.97 $11.03
Tangible Book Value per Share		 $9.07 $9.76 $9.37 $9.75 $10.36
Total Capital		 192 268 257 272 286
Total Debt		 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00
Net Debt		 -193 -219 -65 -95 -162
Capital Expenditures (CapEx)		 0.18 0.01 0.43 0.00 13
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 0.86 1.39 0.00 1.17 0.00
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 27.25M 0.00 25.96M 26.00M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 27.25M 0.00 25.96M 26.00M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 27.43M 0.00 25.96M 26.00M
Normalized Net Operating Profit after Tax (NOPAT)		 15 17 17 30 29
Normalized NOPAT Margin		 37.81% 28.68% 30.92% 48.77% 48.63%
Pre Tax Income Margin		 52.12% 41.32% 44.56% 66.72% 66.73%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 0.75 0.58 0.65 0.45 0.30
NOPAT to Interest Expense		 0.61 0.45 0.45 0.33 0.22
EBIT Less CapEx to Interest Expense		 0.74 0.58 0.64 0.45 0.20
NOPAT Less CapEx to Interest Expense		 0.60 0.45 0.44 0.33 0.12
Payout Ratios		 - - - - -
Dividend Payout Ratio		 22.06% 18.67% 16.46% 0.00% 9.03%
Augmented Payout Ratio		 22.06% 18.67% 16.46% 0.00% 9.03%

Quarterly Metrics and Ratios for VersaBank

No quarterly metrics and ratios for VersaBank are available.

Frequently Asked Questions About VersaBank's Financials

When does VersaBank's fiscal year end?

According to the most recent income statement we have on file, VersaBank's financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has VersaBank's net income changed over the last 4 years?

VersaBank's net income appears to be on an upward trend, with a most recent value of $28.52 million in 2024, rising from $14.57 million in 2020. The previous period was $30.38 million in 2023.

How has VersaBank revenue changed over the last 4 years?

Over the last 4 years, VersaBank's total revenue changed from $38.53 million in 2020 to $58.91 million in 2024, a change of 52.9%.

How much debt does VersaBank have?

VersaBank's total liabilities were at $3.18 billion at the end of 2024, a 15.6% increase from 2023, and a 151.2% increase since 2020.

How much cash does VersaBank have?

In the past 4 years, VersaBank's cash and equivalents has ranged from $64.95 million in 2021 to $193.41 million in 2020, and is currently $161.60 million as of their latest financial filing in 2024.

How has VersaBank's book value per share changed over the last 4 years?

Over the last 4 years, VersaBank's book value per share changed from 9.07 in 2020 to 11.03 in 2024, a change of 21.6%.

Remove Ads

Related Companies

This page (NASDAQ:VBNK) was last updated on 4/16/2025 by MarketBeat.com Staff
From Our Partners
Why Elon put $51 million into this
Why Elon Musk Just Invested $51 Million Into Brand New “Miracle Metal” Developed by MIT Scientists
True Market Insiders | Sponsored
Trump Makes Major Crypto Announcement
Trump Ends the “War on Crypto” I expect it to pump the market, which is why I'm recommending ONE coin to al...
Crypto 101 Media | Sponsored
Warning: “DOGE Collapse” imminent
Elon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. Just this week...
Altimetry | Sponsored
Crypto’s crashing…but we’re still profiting
Most traders are panicking right now. Bitcoin’s dropping. Altcoins are bleeding. The stock market’s a mess....
Crypto Swap Profits | Sponsored
Now I look stupid. Real stupid...
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we...
Porter & Company | Sponsored
Is it CRAZY to still want reliable profits, despite this market?
Larry Benedict, the acclaimed "Market Wizard," is calling an emergency briefing now... The same Larry who –...
Brownstone Research | Sponsored
REVEALED FREE: Our top 3 stocks to own in 2025 and beyond
Every time Weiss Ratings flashed green like this, the average gain on each and every stock has been 303% (incl...
Weiss Ratings | Sponsored
First look: The $3,500 iPhone
Did you hear that just before Trump's tariffs took effect, Apple sent five cargo planes packed with MacBooks a...
Stansberry Research | Sponsored