See more : Zhejiang XCC Group Co.,Ltd (603667.SS) 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.
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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 TO HOST SECOND QUARTER FISCAL 2023 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, JUNE 7, 2023 at 9:00 A.M. ET
Bank to Report Second Quarter Fiscal 2023 Results Wednesday, June 7, 2023 at 7:00 a.m. ET LONDON, ON , May 24, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its second quarter 2023 financial...
VersaBank (VBNK) Q1 2023 Earnings Call Transcript
VersaBank (NASDAQ:VBNK ) Q1 2023 Results Conference Call March 8, 2023 9:00 AM ET Company Participants David Taylor - President, CEO Shawn Clarke - CFO Conference Call Participants David Feaster - Raymond James Mike Rizvanovic - KBW Research Stephanie Woo...
VersaBank (VBNK) Q4 2022 Earnings Call Transcript
VersaBank [VBNK] Q4 2022 Earnings Conference Call December 7, 2022 9:00 AM ET Company Participants David Taylor - President & CEO Shawn Clarke - CFO Conference Call Participants Greg MacDonald - LodeRock Research Stephen Ranzini - University Bank Brad Ness...
VersaBank's (VBNK) Q3 2022 Earnings Call Transcript
VersaBank (NASDAQ:VBNK ) Q3 2022 Earnings Conference Call August 31, 2022 9:00 AM ET Company Participants David Taylor – President and Chief Executive Officer Shawn Clarke – Chief Financial Officer Conference Call Participants Greg MacDonald – LodeRock Research Bradley Ness...
VERSABANK TO ANNOUNCE THIRD QUARTER 2022 FINANCIAL RESULTS ON AUGUST 31, 2022
LONDON, ON , Aug. 17, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will release its third quarter 2022 financial results and host an earnings conference call on Wednesday, August 31, 2022. Financial results are expected...
VERSABANK TO PARTICIPATE AT SIDOTI & COMPANY VIRTUAL INVESTOR CONFERENCE ON THURSDAY, JUNE 16, 2022 10:45 AM ET
LONDON, ON, June 15, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that David Taylor, President and Chief Executive Officer, is scheduled to present at the...
VersaBank (VBNK) Lags Q2 Earnings and Revenue Estimates
VersaBank (VBNK) delivered earnings and revenue surprises of -18.75% and 23.54%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?
Analysts Estimate VersaBank (VBNK) to Report a Decline in Earnings: What to Look Out for
VersaBank (VBNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
VersaBank (VBNK) CEO David Taylor on Q1 2022 Results - Earnings Call Transcript
VersaBank (VBNK) CEO David Taylor on Q1 2022 Results - Earnings Call Transcript
VersaBank (VBNK) Misses Q1 Earnings and Revenue Estimates
VersaBank (VBNK) delivered earnings and revenue surprises of -6.25% and 2.65%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?
Source: https://incomestatements.info
Category: Stock Reports