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Complete financial analysis of VersaBank (VB.TO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of VersaBank, a leading company in the Banks – Regional industry within the Financial Services sector.
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VersaBank (VB.TO)
About VersaBank
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. 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.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65.36M | 54.19M | 53.92M | 51.69M | 43.84M | 39.68M | 35.37M | 30.51M | 27.98M | 32.90M | 29.23M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 65.36M | 54.19M | 53.92M | 51.69M | 43.84M | 39.68M | 35.37M | 30.51M | 27.98M | 32.90M | 29.23M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 31.35M | 25.32M | 23.97M | 24.03M | 25.06M | 23.57M | 22.69M | 20.86M | 20.68M | 21.82M | 15.62M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 31.35M | 25.32M | 23.97M | 24.03M | 25.06M | 23.57M | 22.69M | 20.86M | 20.68M | 21.82M | 15.62M |
| Other Expenses | -36.59M | -20.79M | -15.66M | -21.29M | -26.38M | -20.23M | -18.54M | -14.88M | -10.88M | -5.33M | 5.51M |
| Operating Expenses | -5.24M | 4.54M | 8.31M | 2.74M | -1.33M | 3.34M | 4.15M | 5.99M | 9.80M | 16.49M | 21.13M |
| Cost & Expenses | -5.24M | 4.54M | 8.31M | 2.74M | -1.33M | 3.34M | 4.15M | 5.99M | 9.80M | 16.49M | 21.13M |
| Interest Income | 89.49M | 86.09M | 88.31M | 80.91M | 71.77M | 69.66M | 64.46M | 58.16M | 60.92M | 60.90M | 56.10M |
| Interest Expense | 29.33M | 31.97M | 34.41M | 29.42M | 27.78M | 31.26M | 30.48M | 30.29M | 35.27M | 41.29M | 39.18M |
| Depreciation & Amortization | 1.73M | 1.15M | 721.00K | 623.00K | 553.00K | 776.00K | 393.00K | 396.00K | 494.00K | 0.00 | 0.00 |
| EBITDA | 61.85M | 59.87M | 62.95M | 55.05M | 43.07M | 43.79M | 39.92M | 36.89M | 38.27M | 49.39M | 50.37M |
| EBITDA Ratio | 94.63% | 110.49% | 116.75% | 106.51% | 98.23% | 110.37% | 112.86% | 120.92% | 136.79% | 150.13% | 172.29% |
| Operating Income | 60.12M | 58.72M | 62.23M | 54.43M | 42.51M | 43.02M | 39.52M | 36.49M | 37.77M | 49.39M | 50.37M |
| Operating Income Ratio | 91.99% | 108.37% | 115.41% | 105.31% | 96.97% | 108.42% | 111.75% | 119.63% | 135.02% | 150.13% | 172.29% |
| Total Other Income/Expenses | -29.33M | -31.97M | -34.41M | -29.42M | -27.78M | -31.26M | -30.48M | -30.29M | -35.27M | -41.29M | -39.18M |
| Income Before Tax | 30.79M | 26.75M | 27.82M | 25.01M | 14.73M | 11.76M | 9.04M | 6.21M | 2.51M | 8.09M | 11.19M |
| Income Before Tax Ratio | 47.11% | 49.37% | 51.60% | 48.40% | 33.60% | 29.63% | 25.56% | 20.35% | 8.95% | 24.60% | 38.28% |
| Income Tax Expense | 8.41M | 7.35M | 7.63M | 6.94M | -4.74M | 3.29M | 821.00K | 531.00K | 741.00K | 4.27M | 3.62M |
| Net Income | 22.38M | 19.41M | 20.20M | 18.07M | 19.47M | 8.47M | 8.22M | 5.68M | 1.76M | 3.82M | 7.57M |
| Net Income Ratio | 34.24% | 35.81% | 37.46% | 34.97% | 44.41% | 21.35% | 23.24% | 18.61% | 6.31% | 11.62% | 25.90% |
| EPS | 1.06 | 0.92 | 0.96 | 0.86 | 0.93 | 0.43 | 0.42 | 0.29 | 0.11 | 0.24 | 0.48 |
| EPS Diluted | 1.06 | 0.92 | 0.96 | 0.86 | 0.93 | 0.43 | 0.42 | 0.29 | 0.11 | 0.24 | 0.48 |
| Weighted Avg Shares Out | 21.12M | 21.12M | 21.12M | 21.12M | 20.86M | 19.86M | 19.44M | 19.44M | 16.57M | 15.83M | 15.83M |
| Weighted Avg Shares Out (Dil) | 21.12M | 21.12M | 21.12M | 21.12M | 20.86M | 19.86M | 19.44M | 19.44M | 16.57M | 15.83M | 15.83M |
Source: https://incomestatements.info
Category: Stock Reports