Cash flow VersaBank

Equities

VBNK

CA92512J1066

Banks

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-02-06 pm EST			5-day change	1st Jan Change
22.59 ^CAD	+2.68%		+6.86%	+10.20%

Feb. 03	VersaBank Announces Stablecorp's QCAD As First Stablecoin Customer	MT
Feb. 03	VersaBank signed a definitive agreement with Stablecorp Digital Currencies Inc.	RE

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Published financial data: VERSABANK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Interest Income On Loans	88.06M	123M	216M	265M	274M
Interest Income On Investments	1.43M	3.63M	13.65M	20.54M	22.15M
Interest Income, Total	89.49M	127M	229M	285M	296M
Interest On Deposits	26.45M	44.6M	123M	177M	174M
Total Interest On Borrowings	2.88M	5.55M	5.79M	5.67M	5.5M
Interest Expense, Total	29.33M	50.15M	129M	183M	180M
Net Interest Income	60.16M	76.67M	100M	103M	116M
Credit Card Fee	-	-	-	-	-
Total Other Non Interest Income	5.2M	5.73M	8.58M	8.98M	8.47M
Non Interest Income, Total	5.2M	5.73M	8.58M	8.98M	8.47M
Revenues Before Provison For Loan Losses	65.36M	82.39M	109M	112M	125M
Provision For Loan Losses	-438K	451K	609K	-268K	4.41M
Total Revenues	65.8M	81.94M	108M	112M	120M
Salaries And Other Employee Benefits	20.24M	25.33M	30.53M	32.44M	37.9M
Occupancy Expense	3.65M	3.86M	3.9M	5.16M	7.02M
Selling General & Admin Expenses, Total	11.11M	20.2M	15.95M	19.52M	33.81M
Non Interest Expense, Total	35.01M	49.39M	50.38M	57.11M	78.74M
EBT, Excl. Unusual Items	30.79M	32.55M	57.64M	54.79M	41.49M
Restructuring Charges	-	-	-	-	-
EBT, Incl. Unusual Items	30.79M	32.55M	57.64M	54.79M	41.49M
Income Tax Expense	8.41M	9.89M	15.48M	15.04M	13.04M
Earnings From Continuing Operations	22.38M	22.66M	42.16M	39.75M	28.46M
Net Income to Company	22.38M	22.66M	42.16M	39.75M	28.46M
Net Income - (IS)	22.38M	22.66M	42.16M	39.75M	28.46M
Preferred Dividend and Other Adjustments	1.58M	988K	988K	988K	-
Net Income to Common Incl Extra Items	20.8M	21.67M	41.17M	38.76M	28.46M
Net Income to Common Excl. Extra Items	20.8M	21.67M	41.17M	38.76M	28.46M
Per Share Items
Net EPS - Basic	0.96	0.79	1.57	1.49	0.9
Basic EPS - Continuing Operations	0.96	0.79	1.57	1.49	0.9
Basic Weighted Average Shares Outstanding	21.75M	27.43M	26.27M	25.97M	31.51M
Net EPS - Diluted	0.96	0.79	1.57	1.49	0.9
Diluted EPS - Continuing Operations	0.96	0.79	1.57	1.49	0.9
Diluted Weighted Average Shares Outstanding	21.75M	27.43M	26.27M	25.97M	31.51M
Normalized Basic EPS	0.88	0.74	1.37	1.32	0.82
Normalized Diluted EPS	0.88	0.74	1.37	1.32	0.82
Dividend Per Share	0.1	0.1	0.1	0.1	0.1
Payout Ratio	17.18	16.46	8.54	9.03	11.37
Supplemental Items
Effective Tax Rate - (Ratio)	27.31	30.39	26.86	27.46	31.41
Total Current Taxes	4.32M	9.2M	17.47M	12.33M	13.26M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	4.09M	691K	-1.98M	2.72M	-228K
Normalized Net Income	19.24M	20.34M	36.03M	34.25M	25.93M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	-	1.47M	901K	348K	81K
Total Stock-Based Compensation	-	1.47M	901K	348K	81K

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	272M	88.58M	132M	225M	582M
Investment Securities, Total	953K	143M	169M	300M	81.88M
Trading Asset Securities, Total	-	-	1.52M	20K	-
Total investments	953K	143M	170M	300M	81.88M
Gross Loans	2.1B	2.98B	3.83B	4.22B	5.05B
Allowance For Loan Losses	-1.45M	-1.9M	-2.51M	-3.3M	-7.28M
Net Loans	2.09B	2.98B	3.83B	4.21B	5.04B
Gross Property Plant And Equipment	21.7M	21.59M	21.25M	39.46M	39.06M
Accumulated Depreciation	-9.81M	-10.6M	-11.29M	-12.84M	-12.7M
Net Property Plant And Equipment	11.89M	10.99M	9.96M	26.62M	26.36M
Goodwill	5.75M	5.75M	5.75M	12.3M	12.3M
Other Intangibles, Total	3.64M	3.18M	2.79M	12.05M	10.56M
Accrued Interest Receivable	8.2M	14.7M	20.68M	21.78M	23.42M
Other Receivables	2.64M	3.77M	3.86M	10.72M	7.37M
Other Current Assets, Total	12.7M	16.39M	22.13M	14.4M	17.88M
Deferred Tax Assets Long-Term (Collected)	2.93M	2.13M	4.06M	750K	4.04M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.42B	3.27B	4.2B	4.84B	5.81B
Liabilities
Accounts Payable, Total	6.89M	7.66M	9.68M	10.75M	12.52M
Interest Bearing Deposits	1.84B	2.63B	3.47B	4.07B	4.79B
Total Deposits	1.84B	2.63B	3.47B	4.07B	4.79B
Short-Term Borrowings	-	-	-	-	416K
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	669K	708K	735K	725K	611K
Long-Term Debt	95.27M	105M	107M	103M	104M
Long-Term Leases	4.44M	3.76M	3.04M	2.31M	2.06M
Current Income Taxes Payable	2.95M	5.8M	7.47M	893K	126K
Accrued Interest Payable	12.93M	26.9M	62.16M	76.95M	69.3M
Other Current Liabilities - (Bank / Utility Template)	111M	126M	154M	171M	291M
Deferred Tax Liability Non-Current	898K	786K	731K	141K	33K
Other Non Current Liabilities	7.89M	8.01M	8.82M	6.08M	5M
Total Liabilities	2.08B	2.92B	3.82B	4.44B	5.28B
Preferred Stock Convertible	13.65M	-	-	-	-
Total Preferred Equity	13.65M	-	-	-	-
Common Stock, Total	228M	240M	228M	216M	326M
Additional Paid In Capital	145K	1.61M	2.51M	2.48M	2.47M
Retained Earnings	90.64M	109M	146M	181M	204M
Comprehensive Income and Other	-4K	99K	131K	-130K	562K
Total Common Equity	318M	351M	377M	399M	533M
Total Equity	332M	351M	377M	399M	533M
Total Liabilities And Equity	2.42B	3.27B	4.2B	4.84B	5.81B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	27.44M	27.23M	25.96M	26M	31.95M
ECS Total Common Shares Outstanding	27.44M	27.25M	25.96M	26M	31.95M
Book Value / Share	11.61	12.87	14.53	15.35	16.67
Tangible Book Value	309M	342M	369M	375M	510M
Tangible Book Value Per Share	11.26	12.54	14.2	14.42	15.96
Average Assets	2.18B	2.84B	3.73B	4.52B	5.32B
Average Loans	1.88B	2.55B	3.42B	4.04B	4.65B
Total Debt	100M	109M	111M	106M	107M
Deposits at Interest - Cash	-	-	-	-	-
Net Debt	-171M	20.84M	-23.14M	-120M	-475M
Full Time Employees	145	110	119	121	131

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	22.38M	22.66M	42.16M	39.75M	28.46M
Depreciation, Depletion & Amortization	1.43M	1.48M	1.39M	2.2M	2.35M
Amortization of Goodwill and Intangible Assets - (CF)	299K	456K	394K	439K	750K
Total Depreciation, Depletion & Amortization	1.73M	1.94M	1.78M	2.63M	3.1M
(Gain) Loss on Sale of Investments - (CF)	-	-533K	-155K	-373K	-150K
Total Asset Writedown	-	-	-	415K	-
Provision for Credit Losses	-322K	451K	609K	-268K	4.41M
Stock-Based Compensation (CF)	-	1.47M	901K	348K	81K
Change in Other Net Operating Assets (Collected)	-421M	-865M	-828M	-293M	-707M
Other Operating Activities	2.19M	16.49M	36.98M	337K	-8M
Cash from Operations	-395M	-823M	-746M	-251M	-679M
Capital Expenditure	-14K	-581K	-362K	-18.58M	-954K
Cash Acquisitions	-7.47M	-	-	-12.12M	-
Investment in Marketable and Equity Securities, Total	-953K	-141M	-27.78M	-127M	219M
Other Investing Activities, Total	-	-	-	-	-5.32M
Cash from Investing	-8.44M	-142M	-28.14M	-158M	212M
Long-Term Debt Issued, Total	89.5M	-	-	-	-
Total Debt Issued	89.5M	-	-	-	-
Long-Term Debt Repaid, Total	-10.66M	-642K	-700K	-5.74M	-367K
Total Debt Repaid	-10.66M	-642K	-700K	-5.74M	-367K
Issuance of Common Stock	73.23M	-	280K	607K	115M
Repurchase of Common Stock	-	-1.93M	-13.29M	-	-9.13M
Repurchase of Preferred Stock	-15.69M	-	-	-	-
Common Dividends Paid	-2.27M	-2.74M	-2.61M	-2.6M	-3.24M
Preferred Dividends Paid	-1.58M	-988K	-988K	-988K	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-3.85M	-3.73M	-3.6M	-3.59M	-3.24M
Net Increase (Decrease) in Deposit Accounts - (CF)	287M	790M	841M	523M	724M
Other Financing Activities, Total	-1.12M	-	-	-14.62M	-
Cash from Financing	419M	784M	823M	500M	826M
Foreign Exchange Rate Adjustments	-779K	-2.38M	-5.6M	1.22M	-2.3M
Net Change in Cash	13.88M	-183M	43.66M	93.01M	356M
Supplemental Items
Cash Interest Paid	30.8M	35.96M	93.79M	168M	187M
Cash Income Tax Paid (Refund)	1.39M	6.28M	15.95M	19.72M	14.43M
Net Debt Issued / Repaid	78.84M	-642K	-700K	-5.74M	-367K

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.03	0.8	1.13	0.88	0.53
Return On Equity %	7.62	6.64	11.59	10.24	6.11
Return on Common Equity	7.64	6.35	11.31	10.16	6.11
Shareholders Value Added	-9.99M	-17.85M	-1.11M	-5.58M	-26.7M
Margin Analysis
SG&A Margin	53.2	60.28	46.64	51.03	65.49
Net Interest Income / Total Revenues %	91.43	93.56	92.62	91.74	96.62
EBT Excl. Non-Recurring Items Margin %	46.8	39.72	53.36	48.97	34.51
Income From Continuing Operations Margin %	34.01	27.65	39.03	35.52	23.67
Net Income Margin %	34.01	27.65	39.03	35.52	23.67
Net Avail. For Common Margin %	31.62	26.45	38.11	34.64	23.67
Normalized Net Income Margin	29.25	24.83	33.35	30.6	21.57
Asset quality
Nonperforming Loans / Total Loans %	-	0.01	0.4	0	0.93
Nonperforming Loans / Total Assets %	-	0.01	0.36	0	0.81
Nonperforming Assets / Total Assets %	-	0.01	0.36	0	0.81
NPAs / Loans and OREO	-	0.01	0.4	0	0.93
NPAs / Equity	-	0.08	4.06	0.02	8.8
Allowance for Credit Losses / Net Charge-offs %	-1.25K	-	-	82.58K	1.65K
Allowance for Credit Losses / Nonperforming Loans %	-	682.44	16.4	4.86K	15.53
Allowance for Credit Losses / Total Loans %	0.07	0.06	0.07	0.08	0.14
Net Charge-offs / Total Average Loans %	-0.01	-	-	0	0.01
Provision for Loan Losses / Net Charge-offs %	377.59	-	-	-6.7K	998.42
Earning Assets / IBL	-	-	-	-	-
Interest Income / Average Assets	4.11	4.46	6.14	6.31	5.55
Interest Expense / Average Assets	1.35	1.77	3.46	4.04	3.37
Net Interest Income / Average Assets	2.76	2.7	2.68	2.27	2.18
Non Interest Income / Average Assets	0.24	0.2	0.23	0.2	0.16
Non Interest Expense / Average Asset	1.61	1.74	1.35	1.26	1.48
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.49	12.02	9.75	8.44	8.75
Total Average Equity / Total Average Assets %	13.48	12.02	9.75	8.59	8.75
Total Equity + Allowance for Loan Losses / Total Loans %	15.91	11.83	9.91	9.54	10.69
Gross Loans / Total Deposits %	113.91	113.28	110.4	103.69	105.4
Net Loans / Total Deposits %	113.83	113.2	110.33	103.6	105.25
Tier 1 Capital Ratio %	15.86	12.5	11.78	11.24	12.92
Total Capital Ratio %	20.8	16.52	15.38	14.48	15.72
Core Tier 1 Capital Ratio	15.18	12	11.33	11.24	12.92
Tier 2 Capital Ratio	4.93	4.02	3.6	3.24	2.8
Coverage Ratio	-	682.44	16.4	4.86K	15.53
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	11.67	6.86	10.95	10.66	8.54
EBT + Interest Expense / Interest Expense	2.05	1.65	1.45	1.3	1.23
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	11.14	27.44	30.5	2.6	13.16
Non Interest Income, 1 Yr. Growth %	8.57K	10.12	49.91	4.59	-5.62
Provision For Loan Losses, 1 Yr. Growth %	27.33	-202.97	35.03	-144.01	-1.75K
Total Revenues, 1 Yr. Growth %	20.66	24.54	31.83	3.59	7.44
Earnings From Cont. Operations, 1 Yr. Growth %	15.33	1.24	86.08	-5.73	-28.4
Net Income, 1 Yr. Growth %	15.33	1.24	86.08	-5.73	-28.4
Normalized Net Income, 1 Yr. Growth %	15.09	5.71	77.11	-4.95	-24.27
Diluted EPS Before Extra, 1 Yr. Growth %	17.19	-17.39	98.37	-4.92	-39.6
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Gross Loans, 1 Yr. Growth %	27.04	42.15	28.6	10.06	19.74
Allowance For Loan Losses, 1 Yr. Growth %	-18.14	31.04	31.99	31.44	120.38
Net Loans, 1 Yr. Growth %	27.09	42.16	28.6	10.04	19.66
Non Performing Loans, 1 Yr. Growth %	-	-	5.39K	-99.56	68.83K
Non Performing Assets, 1 Yr. Growth %	-	-	5.39K	-99.56	68.83K
Total Assets, 1 Yr. Growth %	24.24	35.23	28.65	15.16	20.05
Total Deposits, 1 Yr Growth %	17.4	41.95	30.62	17.69	15.61
Tangible Book Value, 1 Yr. Growth %	36.78	5.9	7.86	5.6	36
Average Interest Earning Assets, 1 Yr. Growth %	-	-	-	-	-
Average Interest Bearing Liabilities, 1 Yr. Growth %	-	-	-	-	-
Common Equity, 1 Yr. Growth %	40.94	5.59	7.55	9.82	33.43
Total Equity, 1 Yr. Growth %	30.09	5.59	7.55	5.84	33.43
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	5.65	19.02	28.96	15.71	7.75
Non Interest Income, 2 Yr. CAGR %	1.44K	876.9	28.48	25.22	-0.65
Provision For Loan Losses, 2 Yr. CAGR %	21.24	14.5	17.92	-22.91	169.19
Total Revenues, 2 Yr. CAGR %	10.16	22.58	28.14	16.86	5.5
Earnings From Cont. Operations, 2 Yr. CAGR %	5.27	8.06	37.26	32.45	-17.84
Net Income, 2 Yr. CAGR %	5.27	8.06	37.26	32.45	-17.84
Normalized Net Income, 2 Yr. CAGR %	5.2	10.3	36.83	29.75	-15.16
Diluted EPS Before Extra, 2 Yr. CAGR %	5.95	-1.61	28.01	37.33	-24.22
Dividend Per Share, 2 Yr. CAGR %	19.52	0	0	0	0
Gross Loans, 2 Yr. CAGR %	14.83	34.38	35.21	18.97	14.8
Allowance For Loan Losses, 2 Yr. CAGR %	-17.19	3.57	31.51	31.71	70.19
Net Loans, 2 Yr. CAGR %	14.87	34.41	35.21	18.96	14.75
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-50.63	74.91
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-50.63	74.91
Total Assets, 2 Yr. CAGR %	16.31	29.62	31.9	21.72	17.58
Total Deposits, 2 Yr CAGR %	14.66	29.54	36.86	23.72	17.74
Tangible Book Value, 2 Yr. CAGR %	21.08	22.98	6.88	4.73	19.84
Average Interest Earning Assets, 2 Yr. CAGR %	-	-	-	-	-
Average Interest Bearing Liabilities, 2 Yr. CAGR %	-	-	-	-	-
Common Equity, 2 Yr. CAGR %	22.9	24.58	6.57	6.7	21.05
Total Equity, 2 Yr. CAGR %	17.59	17.2	6.57	6.7	18.84
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	5.32	12.46	22.73	19.5	14.86
Non Interest Income, 3 Yr. CAGR %	203.5	538.47	423.01	19.97	13.95
Provision For Loan Losses, 3 Yr. CAGR %	9.46	14.81	20.97	-15.1	113.89
Total Revenues, 3 Yr. CAGR %	8.61	14.76	25.59	19.37	13.63
Earnings From Cont. Operations, 3 Yr. CAGR %	7.38	3.91	29.52	21.1	7.89
Net Income, 3 Yr. CAGR %	7.38	3.91	29.52	21.1	7.89
Normalized Net Income, 3 Yr. CAGR %	7.17	5.37	29.16	21.18	8.43
Diluted EPS Before Extra, 3 Yr. CAGR %	8.37	-2.48	24.3	15.93	4.44
Dividend Per Share, 3 Yr. CAGR %	35.72	12.62	0	0	0
Gross Loans, 3 Yr. CAGR %	8.82	23.3	32.43	26.24	19.23
Allowance For Loan Losses, 3 Yr. CAGR %	-19.24	-3.5	12.29	31.49	56.36
Net Loans, 3 Yr. CAGR %	8.85	23.33	32.45	26.24	19.19
Non Performing Loans, 3 Yr. CAGR %	-	-64.62	-	-	451.79
Non Performing Assets, 3 Yr. CAGR %	-	-64.62	-	-	451.79
Total Assets, 3 Yr. CAGR %	10.11	22.3	29.3	26.06	21.16
Total Deposits, 3 Yr CAGR %	8.58	23.4	30.34	29.96	21.71
Tangible Book Value, 3 Yr. CAGR %	16.75	17.47	17.72	5.12	14.26
Average Interest Earning Assets, 3 Yr. CAGR %	-	-	-	-	-
Average Interest Bearing Liabilities, 3 Yr. CAGR %	-	-	-	-	-
Common Equity, 3 Yr. CAGR %	17.92	18.48	18.62	6.33	14.95
Total Equity, 3 Yr. CAGR %	14.1	13.45	13.89	6.33	14.95
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	9.39	11.75	14.2	13.75	16.5
Non Interest Income, 5 Yr. CAGR %	32.51	109.76	115.2	232.78	169.14
Provision For Loan Losses, 5 Yr. CAGR %	-12.85	29.26	12.76	-2.1	66.58
Total Revenues, 5 Yr. CAGR %	11.14	13.26	16.04	15.6	17.13
Earnings From Cont. Operations, 5 Yr. CAGR %	21.45	3.08	18.46	14.5	7.96
Net Income, 5 Yr. CAGR %	21.45	3.08	18.46	14.5	7.96
Normalized Net Income, 5 Yr. CAGR %	19.1	14.17	18.17	14.52	9.18
Diluted EPS Before Extra, 5 Yr. CAGR %	24.82	-0.93	15.84	11.83	1.98
Dividend Per Share, 5 Yr. CAGR %	-	-	20.11	7.39	0
Gross Loans, 5 Yr. CAGR %	6.07	14.45	18.69	21.55	25.07
Allowance For Loan Losses, 5 Yr. CAGR %	-13.68	-4.72	-1.85	9.28	32.61
Net Loans, 5 Yr. CAGR %	6.1	14.47	18.72	21.56	25.06
Non Performing Loans, 5 Yr. CAGR %	-	-14.95	89.5	-59.58	-
Non Performing Assets, 5 Yr. CAGR %	-	-14.95	89.5	-59.58	-
Total Assets, 5 Yr. CAGR %	7.22	13.62	18.36	22.07	24.47
Total Deposits, 5 Yr CAGR %	6.09	13.84	19.28	23.78	25.04
Tangible Book Value, 5 Yr. CAGR %	14.57	13.78	13.67	12.2	17.67
Average Interest Earning Assets, 5 Yr. CAGR %	-	-	-	-	-
Average Interest Bearing Liabilities, 5 Yr. CAGR %	-	-	-	-	-
Common Equity, 5 Yr. CAGR %	15.26	14.37	14.19	13.62	18.71
Total Equity, 5 Yr. CAGR %	12.31	10.95	11.03	10.7	15.85