VersaBank Income Statement

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

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Interest Income on Loans	273.53	264.88	215.69	123.19	88.06
Interest Income on Investments	22.15	20.54	13.65	3.63	1.43
Total Interest Income	295.68	285.42	229.33	126.82	89.49
Interest Paid on Deposits	174.01	177.09	123.49	44.6	26.45
Interest Paid on Borrowings	5.5	5.67	5.79	5.55	2.89
Total Interest Expense	179.51	182.76	129.28	50.15	29.33
Net Interest Income	116.17	102.66	100.05	76.67	60.16
Net Interest Income Growth (YoY)	13.16%	2.60%	30.50%	27.44%	11.14%
Other Non-Interest Income	8.47	8.98	8.58	5.73	5.2
Total Non-Interest Income	8.47	8.98	8.58	5.73	5.2
Non-Interest Income Growth (YoY)	-5.63%	4.59%	49.91%	10.12%	8566.67%
Revenues Before Loan Losses	124.64	111.63	108.64	82.39	65.36
Provision for Loan Losses	4.41	-0.27	0.61	0.45	-0.44
Revenue	120.23	111.9	108.03	81.94	65.8
Revenue Growth (YoY)	7.44%	3.59%	31.83%	24.54%	20.66%
Salaries and Employee Benefits	37.9	32.44	30.53	25.33	20.24
Occupancy Expenses	7.02	5.16	3.9	3.87	3.65
Selling, General & Administrative	33.81	19.52	15.95	20.2	11.11
Total Non-Interest Expense	78.74	57.11	50.38	49.39	35.01
EBT Excluding Unusual Items	41.49	54.79	57.65	32.55	30.79
Pretax Income	41.49	54.79	57.65	32.55	30.79
Income Tax Expense	13.04	15.05	15.48	9.89	8.41
Net Income	28.46	39.75	42.16	22.66	22.38
Preferred Dividends & Other Adjustments	-	0.99	0.99	0.99	1.58
Net Income to Common	28.46	38.76	41.17	21.67	20.8
Net Income Growth	-28.40%	-5.73%	86.08%	1.24%	15.33%
Basic Shares Outstanding	32	26	26	27	22
Diluted Shares Outstanding	32	26	26	27	22
Shares Change (YoY)	21.34%	-1.17%	-4.20%	26.08%	2.98%
EPS (Basic)	0.90	1.49	1.57	0.79	0.96
EPS (Diluted)	0.90	1.49	1.57	0.79	0.96
EPS Growth	-39.60%	-4.92%	98.37%	-17.39%	17.19%
Dividend Per Share	0.100	0.100	0.100	0.100	0.100
Effective Tax Rate	31.41%	27.46%	26.86%	30.39%	27.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.