VersaBank (VBNK)

VersaBank Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Apr 30, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	266.57	264.88	215.69	123.19	88.06	83.23
Interest Income on Investments	22.54	20.54	13.65	3.63	1.43	2.86
Total Interest Income	289.11	285.42	229.33	126.82	89.49	86.09
Interest Paid on Deposits	180.04	177.09	123.49	44.6	26.45	31.46
Interest Paid on Borrowings	5.47	5.67	5.79	5.55	2.89	0.51
Total Interest Expense	185.51	182.76	129.28	50.15	29.33	31.97
Net Interest Income	103.6	102.66	100.05	76.67	60.16	54.13
Net Interest Income Growth (YoY)	-0.36%	2.60%	30.50%	27.44%	11.14%	0.42%
Other Non-Interest Income	8.65	8.98	8.58	5.73	5.2	0.06
Total Non-Interest Income	8.65	8.98	8.58	5.73	5.2	0.06
Non-Interest Income Growth (YoY)	-8.08%	4.59%	49.91%	10.12%	8566.67%	172.73%
Revenues Before Loan Losses	112.25	111.63	108.64	82.39	65.36	54.19
Provision for Loan Losses	1.76	-0.27	0.61	0.45	-0.44	-0.34
Revenue	110.49	111.9	108.03	81.94	65.8	54.53
Revenue Growth (YoY)	-2.66%	3.59%	31.83%	24.54%	20.66%	0.57%
Salaries and Employee Benefits	36.41	32.44	30.53	25.33	20.24	16.96
Occupancy Expenses	6.02	5.16	3.9	3.87	3.65	2.46
Selling, General & Administrative	23.69	19.52	15.95	20.2	11.11	8.36
Total Non-Interest Expense	66.11	57.11	50.38	49.39	35.01	27.78
EBT Excluding Unusual Items	44.38	54.79	57.65	32.55	30.79	26.75
Pretax Income	44.38	54.79	57.65	32.55	30.79	26.75
Income Tax Expense	12.48	15.05	15.48	9.89	8.41	7.35
Net Income	31.89	39.75	42.16	22.66	22.38	19.41
Preferred Dividends & Other Adjustments	0.49	0.99	0.99	0.99	1.58	2.17
Net Income to Common	31.4	38.76	41.17	21.67	20.8	17.24
Net Income Growth	-32.16%	-5.73%	86.08%	1.24%	15.33%	-3.92%
Basic Shares Outstanding	28	26	26	27	22	21
Diluted Shares Outstanding	28	26	26	27	22	21
Shares Change (YoY)	9.29%	-1.17%	-4.20%	26.08%	2.98%	-
EPS (Basic)	1.11	1.49	1.57	0.79	0.96	0.82
EPS (Diluted)	1.10	1.49	1.57	0.79	0.96	0.82
EPS Growth	-38.06%	-4.92%	98.37%	-17.39%	17.19%	-4.21%
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	0.100
Dividend Growth	-	-	-	-	-	42.86%
Effective Tax Rate	28.13%	27.46%	26.86%	30.39%	27.31%	27.46%

Updated Jun 4, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q