VBNK

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VersaBank

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Key Metrics

Previous Close: $19.37
52-Week Range: $10.61 – $25.05
Market Cap: $625.56M
P/E (TTM): 28.57
EPS (TTM): 0.68
Dividend Yield: 0.37%

Advanced Metrics

Price/Book: 1.58
PEG Ratio: —
Return on Equity: 5.62%
Return on Assets: 0.53%
Gross Margin: 0.00%
Operating Margin: 27.41%
Profit Margin: 22.04%
Current Ratio: —
Debt/Equity: —
Total Debt: $104.32M
Free Cash Flow: —
Revenue Growth: 29.50%
Earnings Growth: -11.50%
Enterprise Value: $156.57M

VBNK Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$82.39M	$108.64M	$111.63M	$124.64M
Selling, General & Admin	$45.53M	$46.48M	$51.95M	$71.71M
Pretax Income	$32.55M	$57.65M	$54.79M	$41.49M
Income Tax	$9.89M	$15.48M	$15.04M	$13.04M
Net Income	$22.66M	$42.16M	$39.75M	$28.46M
Diluted EPS	0.79	1.57	1.49	0.90
Diluted Shares	28.68M	26.27M	25.97M	31.51M

VBNK Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$88.58M	$132.24M	$225.25M	$581.71M
Receivables	$18.48M	$24.54M	$32.49M	$30.79M
Total Assets	$3.27B	$4.20B	$4.84B	$5.81B
Long-Term Debt	$104.95M	$106.85M	$102.50M	$103.52M
Total Debt	$109.42M	$110.62M	$108.58M	$108.51M
Total Liabilities	$2.92B	$3.82B	$4.44B	$5.28B
Retained Earnings	$109.33M	$146.04M	$181.24M	$203.73M
Shareholders' Equity	$350.68M	$377.16M	$399.20M	$532.67M
Net Debt	$16.37M	—	—	—

VBNK Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$32.65M	$94.72M	$272.70M	$44.45M
Capital Expenditure	-$581.00K	-$362.00K	-$18.58M	-$954.00K
Free Cash Flow	-$33.23M	$94.36M	$254.13M	$43.50M
Depreciation & Amortisation	$1.94M	$1.78M	$2.63M	$3.10M
Stock-Based Compensation	$1.47M	$901.00K	$348.00K	$81.00K
Investing Cash Flow	-$141.61M	-$28.14M	-$157.58M	$212.26M
Financing Cash Flow	-$6.30M	-$17.31M	-$23.33M	$102.04M
Dividends Paid	-$3.73M	-$3.60M	-$3.59M	-$3.23M
Share Repurchases	-$1.93M	-$13.29M	-$14.62M	-$9.13M
Net Change in Cash	-$180.57M	$49.27M	$91.79M	$358.75M

VBNK Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$30.14M	$31.58M	$35.09M	$36.51M	$38.29M
Selling, General & Admin	$15.88M	$19.82M	$21.92M	$18.75M	$25.60M
Pretax Income	$11.73M	$8.75M	$9.90M	$15.27M	$10.38M
Income Tax	$3.21M	$2.17M	$4.70M	$4.20M	$2.85M
Net Income	$8.53M	$6.58M	$5.20M	$11.07M	$7.53M
Diluted EPS	0.26	0.20	—	0.35	0.23
Diluted Shares	32.52M	32.37M	—	31.97M	32.09M

VBNK Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$340.19M	$460.31M	$581.71M	$628.00M	$568.16M
Receivables	$29.79M	$33.37M	$30.79M	$33.12M	$33.55M
Total Assets	$5.05B	$5.48B	$5.81B	$6.15B	$6.44B
Long-Term Debt	$101.84M	$102.15M	$103.52M	$100.16M	$100.69M
Total Debt	$104.91M	$105.01M	$108.51M	$103.97M	$104.32M
Total Liabilities	$4.52B	$4.95B	$5.28B	$5.60B	$5.89B
Retained Earnings	$196.28M	$200.41M	$203.73M	$214.00M	$220.72M
Shareholders' Equity	$528.31M	$528.14M	$532.67M	$543.08M	$552.24M

VBNK Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$99.44M	$183.57M	$49.38M	$55.64M	-$44.28M
Capital Expenditure	—	—	-$290.00K	-$170.00K	-$5.48M
Free Cash Flow	-$98.71M	$183.63M	$49.09M	$55.47M	-$49.76M
Depreciation & Amortisation	$728.00K	$727.00K	$902.00K	$939.00K	$947.00K
Stock-Based Compensation	$0.00	$0.00	$6.00K	$0.00	$0.00
Investing Cash Flow	$57.60M	-$57.56M	$76.93M	-$11.76M	-$18.23M
Financing Cash Flow	-$1.28M	-$6.42M	-$4.13M	$967.00K	$915.00K
Dividends Paid	-$813.00K	-$807.00K	-$802.00K	-$799.00K	-$802.00K
Share Repurchases	—	—	-$3.72M	—	—
Net Change in Cash	-$43.12M	$119.59M	$122.17M	$44.84M	-$61.60M

Market Snapshot

About

VersaBank is a Canadian Schedule I chartered bank offering digital banking services and electronic point-of-sale financing. The company operates as a branchless bank, focusing on commercial lending and innovative digital banking solutions.