See more : Levitee Labs Inc. (LVT.CN) Income Statement Analysis – Financial Results
Complete financial analysis of VersaBank (VBNK) 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.
You may be interested
- WORK Medical Technology Group LTD (WOK) Income Statement Analysis – Financial Results
- Mitsubishi Corporation (MTSUY) Income Statement Analysis – Financial Results
- China Power International Development Limited (CPWIF) Income Statement Analysis – Financial Results
- Folangsi Co Ltd (2499.HK) Income Statement Analysis – Financial Results
- Weichai Power Co., Ltd. (WEICY) Income Statement Analysis – Financial Results
VersaBank (VBNK)
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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 111.63M | 108.64M | 82.39M | 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 | -609.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 111.63M | 109.24M | 82.39M | 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% | 100.56% | 100.00% | 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 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 51.95M | 15.05M | 45.53M | 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 | 35.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 298.00K | 482.00K | 447.00K | 434.00K | 0.00 |
| SG&A | 51.95M | 50.38M | 45.53M | 31.35M | 25.32M | 23.97M | 24.03M | 25.06M | 23.57M | 22.69M | 20.86M | 20.68M | 21.82M | 15.62M |
| Other Expenses | 59.68M | 0.00 | -45.22M | -65.92M | -52.75M | -50.06M | -21.29M | -10.85M | -8.71M | 0.00 | 0.00 | 0.00 | 0.00 | -33.66M |
| Operating Expenses | 111.63M | 50.38M | 307.00K | -34.57M | -27.43M | -26.10M | 2.74M | 10.85M | 8.71M | 24.78M | 23.38M | 24.95M | 24.34M | -18.04M |
| Cost & Expenses | 111.63M | 50.38M | 307.00K | -34.57M | -27.43M | -26.10M | 2.74M | 54.85M | 58.09M | 24.78M | 23.38M | 24.95M | 24.34M | -18.04M |
| Interest Income | 285.42M | 229.33M | 76.67M | 89.49M | 86.09M | 88.31M | 80.91M | 71.77M | 69.66M | 64.46M | 58.16M | 60.92M | 60.90M | 56.10M |
| Interest Expense | 182.76M | 129.28M | 50.15M | 29.33M | 31.97M | 34.41M | 29.42M | 27.78M | 31.26M | 30.48M | 30.29M | 35.27M | 41.29M | 39.18M |
| Depreciation & Amortization | 2.63M | 1.78M | 1.94M | 1.73M | 1.15M | 721.00K | 623.00K | 553.00K | 776.00K | 393.00K | 396.00K | 494.00K | 699.00K | 0.00 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.19M |
| EBITDA Ratio | 0.00% | 0.00% | 102.72% | 49.75% | 51.49% | 52.93% | 106.51% | 34.86% | 31.59% | 26.67% | 21.64% | 10.72% | 24.60% | 38.28% |
| Operating Income | 0.00 | 57.65M | 82.70M | 30.79M | 26.75M | 27.82M | 54.43M | 14.73M | 11.76M | 9.04M | 6.21M | 2.51M | 8.09M | 11.19M |
| Operating Income Ratio | 0.00% | 53.06% | 100.37% | 47.11% | 49.37% | 51.60% | 105.31% | 33.60% | 29.63% | 25.56% | 20.35% | 8.95% | 24.60% | 38.28% |
| Total Other Income/Expenses | 54.79M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.05M | -1.09M | 0.00 | -434.00K | -2.06M | 1.00 | -36.09M |
| Income Before Tax | 54.79M | 57.65M | 32.55M | 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 | 49.08% | 53.06% | 39.50% | 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 | 15.05M | 15.48M | 9.89M | 8.41M | 7.35M | 7.63M | 6.94M | -4.74M | 3.29M | 821.00K | 531.00K | 741.00K | 4.27M | 3.62M |
| Net Income | 39.75M | 42.16M | 22.66M | 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 | 35.61% | 38.81% | 27.50% | 34.24% | 35.81% | 37.46% | 34.97% | 44.41% | 21.35% | 23.24% | 18.61% | 6.31% | 11.62% | 25.90% |
| EPS | 1.44 | 1.53 | 0.79 | 0.96 | 0.82 | 0.85 | 0.86 | 0.83 | 0.32 | 0.33 | 0.29 | 0.11 | 0.24 | 0.48 |
| EPS Diluted | 1.49 | 1.57 | 0.79 | 0.96 | 0.82 | 0.85 | 0.86 | 0.83 | 0.32 | 0.33 | 0.29 | 0.11 | 0.24 | 0.48 |
| Weighted Avg Shares Out | 26.96M | 26.90M | 27.43M | 21.75M | 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) | 25.96M | 26.27M | 27.43M | 21.75M | 21.12M | 21.12M | 21.12M | 20.86M | 19.86M | 19.44M | 19.44M | 16.57M | 15.83M | 15.83M |
VERSABANK'S 2024 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 17, 2024 - MEETING WILL ALSO BE LIVE STREAMED
LONDON, ON, April 3, 2024 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its upcoming annual and special meeting of shareholders (the "Meeting") will be held at the VersaBank Innovation Centre of Excellence, 1979 Otter Place, London, Ontario...
VERSABANK TO PARTICIPATE IN UPCOMING CONFERENCES
LONDON, ON , March 11, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK) today announced management will participate in the following investor conferences: iAccessAlpha Buyside Best Ideas Spring Conference on March 12-13, 2024 . David Taylor,...
VersaBank (VBNK) Q1 2024 Earnings Call Transcript
VersaBank (NASDAQ:VBNK ) Q1 2024 Results Conference Call March 6, 2024 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer John Asma - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Mike Rizvanovic...
VersaBank (VBNK) Surpasses Q1 Earnings Estimates
VersaBank (VBNK) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.25 per share a year ago.
VERSABANK DECLARES DIVIDENDS
LONDON, ON , March 6, 2024 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank and CAD $0.1693 per Series 1 Preferred Share...
VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]
All amounts are unaudited and in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our first quarter 2024 ("Q1 2024") unaudited Interim Consolidated Financial Statements for...
VERSABANK PARTICIPATES IN 2024 KBW FINTECH & PAYMENTS CONFERENCE FEBRUARY 27-29, 2024
LONDON, ON , Feb. 21, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the Keefe, Bruyette & Woods ("KBW") Fintech & Payments Conference to be held February 27-29, 2024 in...
VERSABANK TO HOST FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 6, 2024 AT 9:00 A.M. ET
Bank to Report First Quarter Fiscal 2024 Results Wednesday, March 6, 2024 at 7:00 a.m. ET LONDON, ON , Feb. 21, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its first quarter 2024 financial...
VersaBank (VBNK) Q4 2023 Earnings Call Transcript
VersaBank (NASDAQ:VBNK ) Q4 2023 Earnings Conference Call December 13, 2023 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer Shawn Clarke - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Operator Good...
VersaBank (VBNK) Surpasses Q4 Earnings Estimates
VersaBank (VBNK) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.17 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports