VersaBank (VBNK) Income Statement Analysis

See more : ArcPacific Resources Corp. (ACPRF) 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

Canaf Investments Inc. (CAFZF) Income Statement Analysis – Financial Results
Elliptic Laboratories ASA (ELABS.OL) Income Statement Analysis – Financial Results
Silver Bullet Mines Corp. (SBMI.V) Income Statement Analysis – Financial Results
ImmunoCellular Therapeutics, Ltd. (IMUC) Income Statement Analysis – Financial Results
Siam City Cement Public Company Limited (SCCC-R.BK) Income Statement Analysis – Financial Results

VersaBank (VBNK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.versabank.com

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

Best Value Stocks to Buy for June 27th

June 27, 2023zacks.com

GM, DHC and VBNK made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 27, 2023.

VersaBank: Strong Fundamentals And Operational Efficiency Signal A Promising Opportunity

June 22, 2023seekingalpha.com

VersaBank's strong performance, strategic diversification, and solid business model make it an attractive stock for investors. The bank's planned U.S. expansion and potential acquisition of Stearns Bank Holdingford offer significant growth opportunities. Investors should be cautious of regulatory challenges, market...

1 2 3 4 5 6 7 8

Source: https://incomestatements.info
Category: Stock Reports

VersaBank (VBNK) Income Statement Analysis – Financial Results

Leave a Reply Cancel reply

Recent Posts

Categories