VersaBank Income Statement

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

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	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	308.6	273.53	264.88	215.69	123.19	88.06
Interest Income on Investments	22.88	22.15	20.54	13.65	3.63	1.43
Total Interest Income	331.48	295.68	285.42	229.33	126.82	89.49
Interest Paid on Deposits	186.79	174.01	177.09	123.49	44.6	26.45
Interest Paid on Borrowings	5.73	5.5	5.67	5.79	5.55	2.89
Total Interest Expense	192.52	179.51	182.76	129.28	50.15	29.33
Net Interest Income	138.97	116.17	102.66	100.05	76.67	60.16
Net Interest Income Growth	28.16%	13.16%	2.60%	30.50%	27.44%	11.14%
Other Non-Interest Income	9.74	8.47	8.98	8.58	5.73	5.2
Total Non-Interest Income	9.74	8.47	8.98	8.58	5.73	5.2
Non-Interest Income Growth	16.00%	-5.63%	4.59%	49.91%	10.12%	8566.67%
Revenues Before Loan Losses	148.71	124.64	111.63	108.64	82.39	65.36
Provision for Loan Losses	2.22	4.41	-0.27	0.61	0.45	-0.44
Revenue	146.49	120.23	111.9	108.03	81.94	65.8
Revenue Growth	28.62%	7.44%	3.59%	31.83%	24.54%	20.66%
Salaries and Employee Benefits	43.77	37.9	32.44	30.53	25.33	20.24
Occupancy Expenses	8.01	7.02	5.16	3.9	3.87	3.65
Selling, General & Administrative	45.29	33.81	19.52	15.95	20.2	11.11
Total Non-Interest Expense	97.07	78.74	57.11	50.38	49.39	35.01
EBT Excluding Unusual Items	49.43	41.49	54.79	57.65	32.55	30.79
Pretax Income	49.43	41.49	54.79	57.65	32.55	30.79
Income Tax Expense	15.57	13.04	15.05	15.48	9.89	8.41
Net Income	33.86	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	33.86	28.46	38.76	41.17	21.67	20.8
Net Income Growth	18.50%	-26.58%	-5.86%	90.00%	4.17%	20.68%
Basic Shares Outstanding	32	32	26	26	27	22
Diluted Shares Outstanding	32	32	26	26	27	22
Shares Change	7.15%	21.34%	-1.17%	-4.20%	26.08%	2.98%
EPS (Basic)	1.05	0.90	1.49	1.57	0.79	0.96
EPS (Diluted)	1.05	0.90	1.49	1.57	0.79	0.96
EPS Growth	11.14%	-39.60%	-4.92%	98.37%	-17.39%	17.19%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	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
Dividend Per Share	0.025	0.100	0.100	0.100	0.100	0.100
Dividend Growth	-75.00%	0%	0%	0%	0%	0%
Effective Tax Rate	31.50%	31.41%	27.46%	26.86%	30.39%	27.31%