VersaBank (VBNK)
| Market Cap | 447.30M |
| Revenue (ttm) | 80.30M |
| Net Income (ttm) | 27.81M |
| Shares Out | 32.51M |
| EPS (ttm) | 1.07 |
| PE Ratio | 16.08 |
| Forward PE | 10.49 |
| Dividend | $0.07 (0.54%) |
| Ex-Dividend Date | Oct 4, 2024 |
| Volume | 115,518 |
| Open | 14.30 |
| Previous Close | 14.20 |
| Day's Range | 13.61 - 14.30 |
| 52-Week Range | 9.48 - 18.38 |
| Beta | 1.06 |
| Analysts | Strong Buy |
| Price Target | 19.00 (+39.19%) |
| Earnings Date | Mar 5, 2025 |
About VBNK
VersaBank provides various banking products and services in Canada and the United States. The company operates through three segments: Digital Banking Canada, Digital Banking USA, and DRTC (cybersecurity services and banking and financial technology development). It offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan a... [Read more]
Financial Performance
In 2024, VersaBank's revenue was 111.90 million, an increase of 3.59% compared to the previous year's 108.03 million. Earnings were 38.76 million, a decrease of -5.86%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for VBNK stock is "Strong Buy." The 12-month stock price forecast is $19.0, which is an increase of 39.19% from the latest price.
News
VersaBank: High ROE, High Growth And Low Risk
VersaBank in 2025 is at the cusp of rapid growth and delivering high ROE whilst maintaining a low-risk business model. The U.S. expansion aims to replicate Canadian success in the much larger U.S. POS...
VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING
LONDON, ON , Dec. 24, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that the underwriters of its previously announced public offering of common shares (the "Off...
VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARES
The Base Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON , Dec. 18, 2024 /PRNewswire/ - VersaBank (NASDAQ: VBNK) (TSX: VBNK) (the "Bank") today announ...
VERSABANK PRICES OFFERING OF COMMON SHARES
The Base Shelf Prospectus is accessible, and the Final Prospectus Supplement will be accessible within two business days, on SEDAR+ and on EDGAR LONDON, ON , Dec. 16, 2024 /PRNewswire/ - VersaBank (Na...
VERSABANK LAUNCHES OFFERING OF COMMON SHARES
The Base Shelf Prospectus and the Preliminary Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON , Dec. 16, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announc...
VersaBank (VBNK) Q4 2024 Earnings Call Transcript
VersaBank (NASDAQ:VBNK) Q4 2024 Earnings Conference Call December 9, 2024 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer John Asma - Chief Financial Officer Conf...
VERSABANK TRANSITIONS CORE TEAM RESPONSIBLE FOR CANADIAN RECEIVABLE PURCHASE PROGRAM SUCCESS TO LEAD US OPPORTUNITY
LONDON, ON , Dec. 9, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today...
VERSABANK FOURTH QUARTER AND FISCAL 2024 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK LAUNCHES PROVEN RPP SOLUTION IN US MARKET
VersaBank's 2024 annual audited Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") will be available today online at www.versabank.com/investor-relations, SEDAR+ at ww...
VERSABANK DECLARES DIVIDENDS
LONDON, ON , Dec. 9, 2024 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank have been declar...
VersaBank to Report Fourth Quarter and Fiscal 2024 Year End Results Monday, December 9, 2024 at 7:00 a.m. ET
LONDON, ON , Dec. 2, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its fourth quarter and fiscal 2024 year-end financial results and host a conferenc...
VERSABANK SUBSIDIARY DRT CYBER STRENGTHENS CUSTOMER VALUE PROPOSITION WITH ROBUST SOC2 TYPE 1 CERTIFICATION
LONDON, ON, Nov. 25, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced its wholly owned su...
VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024
LONDON, ON , Nov. 14, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK) today announced management will participate in the 13th Annual ROTH Technology Conference to b...
VERSABANK TO PARTICIPATE IN 2024 KBW FINTECH CONFERENCE IN NEW YORK CITY NOVEMBER 13-14, 2024
LONDON, ON , Nov. 7, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the KBW Fintech Conference to be held November ...
VERSABANK TO PRESENT AT 2024 THINKEQUITY CONFERENCE ON OCTOBER 30, 2024, IN NEW YORK CITY
LONDON, ON , Oct. 24, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the ThinkEquity Conference to be held October ...
VersaBank To See Modest Expansion In Net Interest Margins: Analyst
Roth MKM analyst Craig Irwin initiated coverage on VersaBank VBNK with a price target of $18.
VERSABANK RECOGNIZED FOR CONTINUING LEADERSHIP IN BANKING TECHNOLOGY
– Bank Named CIO Awards Canada Winner by IDC and CIO – LONDON, ON , Sept. 26, 2024 /PRNewswire/ - VersaBank has been named a CIO Awards Canada winner by IDC Canada and CIO.
VERSABANK ANNOUNCES REDEMPTION OF NON-CUMULATIVE SERIES 1 PREFERRED SHARES (NVCC)
LONDON, ON , Sept. 25, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) ("VersaBank" or the "Bank") today announced its intention to redeem all outstanding Non-cumulative 5-Year Rate Reset Preferred Shares, ...
VersaBank (VBNK) Q3 2024 Earnings Call Transcript
VersaBank (NASDAQ:VBNK) Q3 2024 Earnings Conference Call September 5, 2024 9:00 AM ET Company Participants David Taylor – President and Chief Executive Officer John Asma – Chief Financial Officer Con...
VERSABANK REPORTS THIRD QUARTER FISCAL 2024 RESULTS: RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK ENTERS US MARKET
All amounts are unaudited and in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise n...
VERSABANK CLOSES U.S. BANK ACQUISITION: FORMALLY LAUNCHES INNOVATIVE DIGITAL FUNDING SOLUTION TO UNDERSERVED, MULTI-TRILLION-DOLLAR U.S. MARKET
LONDON, ON , Sept. 3, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solut...
VERSABANK TO HOST THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST THURSDAY, SEPTEMBER 5, 2024 at 9:00 A.M. ET
Bank to Report Third Quarter Fiscal 2024 Results Thursday, September 5, 2024 at 7:00 a.m. ET LONDON, ON , Aug. 21, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) ...
VERSABANK TO PRESENT AT TWO VIRTUAL INVESTOR CONFERENCES ON AUGUST 20, 2024
LONDON, ON , Aug. 16, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced David Taylor, President and Chief Executive Officer, will present at the foll...
VERSABANK TO PARTICIPATE IN 25th ANNUAL KBW COMMUNITY BANK INVESTOR CONFERENCE JULY 30-31, 2024 IN NEW YORK CITY
LONDON, ON , July 25, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the 25th Annual KBW Community Bank Investor Co...
VERSABANK APPOINTS SENIOR EXECUTIVES TO U.S. SUBSIDIARY AHEAD OF U.S. BANK ACQUISITION
LONDON, ON , July 15, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) ( NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, tod...
VERSABANK RECEIVES CANADIAN REGULATORY APPROVAL FOR U.S. BANK ACQUISITON: TRANSACTION TARGETED TO CLOSE AUGUST 30, 2024
– Acquisition Will Enable VersaBank to Broadly Launch its Unique and Highly Successful Receivable Purchase Program (RPP) Financing Solution in the United States – LONDON, ON , June 25, 2024 /PRNewswi...