VersaBank (VBNK)

NASDAQ: VBNK · IEX Real-Time Price · USD
9.69
+0.06 (0.62%)
At close: May 17, 2024, 4:00 PM
9.65
-0.04 (-0.44%)
After-hours: May 17, 2024, 4:51 PM EDT
0.62%
Market Cap 251.34M
Revenue (ttm) 83.26M
Net Income (ttm) 33.91M
Shares Out 25.96M
EPS (ttm) 1.26
PE Ratio 7.72
Forward PE 4.86
Dividend $0.07 (0.76%)
Ex-Dividend Date Apr 4, 2024
Volume 311
Open 9.68
Previous Close 9.63
Day's Range 9.68 - 9.69
52-Week Range 6.42 - 12.19
Beta 1.08
Analysts Buy
Price Target 10.00 (+3.2%)
Earnings Date Jun 5, 2024

About VBNK

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, 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 and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, publi... [Read more]

Sector Financials
IPO Date Sep 22, 2021
Employees 119
Stock Exchange NASDAQ
Ticker Symbol VBNK
Full Company Profile

Financial Performance

In 2023, VersaBank's revenue was 108.64 million, an increase of 31.85% compared to the previous year's 82.39 million. Earnings were 42.16 million, an increase of 86.08%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to one analyst, the rating for VBNK stock is "Buy" and the 12-month stock price forecast is $10.0.

Price Target
$10.0
(3.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

VERSABANK ANNOUNCES THE RESULTS OF ITS 2024 MEETING OF SHAREHOLDERS

LONDON, ON, April 18, 2024 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2024 Annual and Special Meeting of Shareholders (the "Meeting") he...

4 weeks ago - PRNewsWire

VERSABANK'S 2024 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 17, 2024 - MEETING WILL ALSO BE LIVE STREAMED

LONDON, ON, April 3, 2024 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its upcoming annual and special meeting of shareholders (the "Meeting") will be held at the V...

6 weeks ago - PRNewsWire

VERSABANK TO PARTICIPATE IN UPCOMING CONFERENCES

LONDON, ON , March 11, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK) today announced management will participate in the following investor conferences: iAccessAlp...

2 months ago - PRNewsWire

VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]

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...

2 months ago - PRNewsWire

VERSABANK DECLARES DIVIDENDS

LONDON, ON , March 6, 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 and CAD $0.1693...

2 months ago - PRNewsWire

VERSABANK TO HOST FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 6, 2024 AT 9:00 A.M. ET

Bank to Report First Quarter Fiscal 2024 Results Wednesday, March 6, 2024 at 7:00 a.m. ET LONDON, ON , Feb. 21, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) wil...

3 months ago - PRNewsWire

VERSABANK PARTICIPATES IN 2024 KBW FINTECH & PAYMENTS CONFERENCE FEBRUARY 27-29, 2024

LONDON, ON , Feb. 21, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the Keefe, Bruyette & Woods ("KBW") Fintech & ...

3 months ago - PRNewsWire

VERSABANK REPORTS RECORD FOURTH QUARTER AND FISCAL 2023 FINANCIAL RESULTS AS IT CONTINUES TO BENEFIT FROM INCREASING OPERATING LEVERAGE IN ITS UNIQUE DIGITAL BANKING MODEL

– Fourth Quarter and Fiscal 2023 Highlighted by Another Record Loan Portfolio and Record Revenue, Net Interest Income and Net Income While ROCE Improves to 13.58% – VersaBank's 2023 annual audited Con...

5 months ago - PRNewsWire

VersaBank to Report Fourth Quarter and Fiscal 2023 Year End Results Wednesday, December 13, 2023 at 7:00 a.m. ET

LONDON, ON , Dec. 8, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its fourth quarter and fiscal 2023 year-end financial results and host a conferenc...

5 months ago - PRNewsWire

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR THIRD QUARTER 2023 HIGHLIGHTED BY 75% YEAR-OVER-YEAR GROWTH IN NET INCOME AND 90% YEAR-OVER-YEAR GROWTH IN EPS

–   Digital Banking Operations Increasingly Benefitting from Operating Leverage with Continued Strong Growth in Loan Portfolio – All amounts are unaudited and in Canadian dollars and are based on fina...

9 months ago - PRNewsWire

VERSABANK TO HOST THIRD QUARTER FISCAL 2023 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, AUGUST 30, 2023 at 9:00 A.M. ET

Bank to Report Third Quarter Fiscal 2023 Results Wednesday, August 30, 2023 at 7:00 a.m. ET LONDON, ON , Aug. 17, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK); (NASDAQ: VBNK) ...

9 months ago - PRNewsWire

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR SECOND QUARTER 2023 HIGHLIGHTED BY 108% YEAR-OVER-YEAR GROWTH IN NET INCOME TO $10.3 MILLION

– Digital Banking Operations Benefitting from Significant Operating Leverage as  Loan Portfolio  Continues to Experience Strong Growth – All amounts are unaudited and in Canadian dollars and are based...

1 year ago - PRNewsWire

VERSABANK TO HOST SECOND QUARTER FISCAL 2023 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, JUNE 7, 2023 at 9:00 A.M. ET

Bank to Report Second Quarter Fiscal 2023 Results Wednesday, June 7, 2023 at 7:00 a.m. ET LONDON, ON , May 24, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will...

1 year ago - PRNewsWire

VERSABANK ANNOUNCES DRT CYBER INC. APPOINTMENTS: GURPREET SAHOTA TO PRESIDENT AND LAURA YOUNG TO CFO

LONDON, ON , May 4, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutio...

1 year ago - PRNewsWire

VERSABANK ANNOUNCES THE RESULTS OF ITS 2023 MEETING OF SHAREHOLDERS

LONDON, ON , April 20, 2023 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2023 Annual and Special Meeting of Shareholders (the "Meeting") h...

1 year ago - PRNewsWire

VERSABANK TO PRESENT AT INVESTOR SUMMIT CONFERENCE ON WEDNESDAY, MARCH 29, 2023 AT 10:30 AM ET

LONDON, ON, March 28, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cybersecurity solutions, today announced that David Taylor, ...

1 year ago - PRNewsWire

VERSABANK'S 2023 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 19, 2023 - MEETING WILL ALSO BE LIVE STREAMED

LONDON, ON, March 17, 2023 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its upcoming annual and special meeting of shareholders (the "Meeting") will be held at the ...

1 year ago - PRNewsWire

VERSABANK REPORTS CONTINUED STRONG RESULTS FOR FIRST QUARTER 2023 HIGHLIGHTED BY 69% YEAR-OVER-YEAR GROWTH IN NET INCOME TO RECORD $9.4 MILLION

–  Digital Banking Operations Realizing Significant Operating Leverage from Strong Loan Portfolio Growth as Transitory Costs for Growth Initiatives Substantially Dissipate – All amounts are unaudited ...

1 year ago - PRNewsWire

VERSABANK TO HOST FIRST QUARTER FISCAL 2023 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 8, 2023 at 9:00 A.M. ET

Bank to Report First Quarter Fiscal 2023 Results Wednesday, March 8, 2023 at 7:00 a.m. ET LONDON, ON , Feb. 22, 2023 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) wil...

1 year ago - PRNewsWire

340268 ONTARIO LIMITED REORGANIZES ITS HOLDING IN VERSABANK

This joint press release is being issued pursuant to section 5.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids. LONDON, ON , Dec. 8, 2022 /PRNewswire/ - As part of a reorganization of...

1 year ago - PRNewsWire

VERSABANK REPORTS RECORD FOURTH QUARTER AND FISCAL 2022 FINANCIAL RESULTS

– Fourth Quarter and Fiscal 2022 Highlighted by Another Record Loan Portfolio and Record Revenue, Net Interest Income and Net Income – VersaBank's 2022 annual audited Consolidated Financial Statements...

1 year ago - PRNewsWire

VERSABANK TO ANNOUNCE FOURTH QUARTER AND ANNUAL 2022 FINANCIAL RESULTS ON DECEMBER 7, 2022

LONDON, ON , Nov. 23, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will release its fourth quarter and annual 2022 financial results and host an earnings confer...

1 year ago - PRNewsWire

VERSABANK TO PRESENT AT INVESTOR SUMMIT CONFERENCE ON TUESDAY, NOVEMBER 15, 2022 AT 10:00 AM ET

LONDON, ON, Nov. 14, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that David Taylor, ...

1 year ago - PRNewsWire

VERSABANK INITIATES INTERNAL PILOT PROGRAM IN CANADA FOR NEW DIGITAL DEPOSIT RECEIPT WITH INTERNAL E-WALLET DEPOSIT ACCOUNTS

LONDON, ON , Nov. 14, 2022 /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...

1 year ago - PRNewsWire

VERSABANK ANNOUNCES APPROVAL FOR AMENDMENT TO NORMAL COURSE ISSUER BID

LONDON, ON , Sept. 21, 2022 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK), announced today that the Toronto Stock Exchange ("TSX") has approved an amendment to the Ban...

1 year ago - PRNewsWire