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	Oct 31, 2024	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	264.88	264.88	215.69	123.19	88.06	83.23
Interest Income on Investments	20.54	20.54	13.65	3.63	1.43	2.86
Total Interest Income	285.42	285.42	229.33	126.82	89.49	86.09
Interest Paid on Deposits	177.09	177.09	123.49	44.6	26.45	31.46
Interest Paid on Borrowings	5.67	5.67	5.79	5.55	2.89	0.51
Total Interest Expense	182.76	182.76	129.28	50.15	29.33	31.97
Net Interest Income	102.66	102.66	100.05	76.67	60.16	54.13
Net Interest Income Growth (YoY)	2.60%	2.60%	30.50%	27.44%	11.14%	0.42%
Other Non-Interest Income	8.98	8.98	8.58	5.73	5.2	0.06
Total Non-Interest Income	8.98	8.98	8.58	5.73	5.2	0.06
Non-Interest Income Growth (YoY)	4.59%	4.59%	49.91%	10.12%	8566.67%	172.73%
Revenues Before Loan Losses	111.63	111.63	108.64	82.39	65.36	54.19
Provision for Loan Losses	-0.27	-0.27	0.61	0.45	-0.44	-0.34
Revenue	111.9	111.9	108.03	81.94	65.8	54.53
Revenue Growth (YoY)	3.59%	3.59%	31.83%	24.54%	20.66%	0.58%
Salaries and Employee Benefits	32.44	32.44	30.53	25.33	20.24	16.96
Occupancy Expenses	5.16	5.16	3.9	3.87	3.65	2.46
Selling, General & Administrative	19.52	19.52	15.95	20.2	11.11	8.36
Total Non-Interest Expense	57.11	57.11	50.38	49.39	35.01	27.78
EBT Excluding Unusual Items	54.79	54.79	57.65	32.55	30.79	26.75
Pretax Income	54.79	54.79	57.65	32.55	30.79	26.75
Income Tax Expense	15.05	15.05	15.48	9.89	8.41	7.35
Net Income	39.75	39.75	42.16	22.66	22.38	19.41
Preferred Dividends & Other Adjustments	0.99	0.99	0.99	0.99	1.58	2.17
Net Income to Common	38.76	38.76	41.17	21.67	20.8	17.24
Net Income Growth	-5.73%	-5.73%	86.08%	1.24%	15.33%	-3.92%
Basic Shares Outstanding	26	26	26	27	22	21
Diluted Shares Outstanding	26	26	26	27	22	21
Shares Change (YoY)	-1.17%	-1.17%	-4.20%	26.08%	2.98%	-
EPS (Basic)	1.49	1.49	1.57	0.79	0.96	0.82
EPS (Diluted)	1.49	1.49	1.57	0.79	0.96	0.82
EPS Growth	-4.92%	-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	0%	0%	0%	0%	0%	42.86%
Effective Tax Rate	27.46%	27.46%	26.86%	30.39%	27.31%	27.46%

Source: S&P Capital IQ. Banks template. Financial Sources.