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	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	268.77	264.88	215.69	123.19	88.06	83.23
Interest Income on Investments	22.68	20.54	13.65	3.63	1.43	2.86
Total Interest Income	291.45	285.42	229.33	126.82	89.49	86.09
Interest Paid on Deposits	177.53	177.09	123.49	44.6	26.45	31.46
Interest Paid on Borrowings	5.48	5.67	5.79	5.55	2.89	0.51
Total Interest Expense	183.01	182.76	129.28	50.15	29.33	31.97
Net Interest Income	108.44	102.66	100.05	76.67	60.16	54.13
Net Interest Income Growth (YoY)	4.27%	2.60%	30.50%	27.44%	11.14%	0.42%
Other Non-Interest Income	8.4	8.98	8.58	5.73	5.2	0.06
Total Non-Interest Income	8.4	8.98	8.58	5.73	5.2	0.06
Non-Interest Income Growth (YoY)	-11.86%	4.59%	49.91%	10.12%	8566.67%	172.73%
Revenues Before Loan Losses	116.83	111.63	108.64	82.39	65.36	54.19
Provision for Loan Losses	2.94	-0.27	0.61	0.45	-0.44	-0.34
Revenue	113.9	111.9	108.03	81.94	65.8	54.53
Revenue Growth (YoY)	0.07%	3.59%	31.83%	24.54%	20.66%	0.57%
Salaries and Employee Benefits	39.05	32.44	30.53	25.33	20.24	16.96
Occupancy Expenses	6.66	5.16	3.9	3.87	3.65	2.46
Selling, General & Administrative	28.52	19.52	15.95	20.2	11.11	8.36
Total Non-Interest Expense	74.23	57.11	50.38	49.39	35.01	27.78
EBT Excluding Unusual Items	39.67	54.79	57.65	32.55	30.79	26.75
Pretax Income	39.67	54.79	57.65	32.55	30.79	26.75
Income Tax Expense	10.9	15.05	15.48	9.89	8.41	7.35
Net Income	28.77	39.75	42.16	22.66	22.38	19.41
Preferred Dividends & Other Adjustments	0.25	0.99	0.99	0.99	1.58	2.17
Net Income to Common	28.52	38.76	41.17	21.67	20.8	17.24
Net Income Growth	-38.41%	-5.73%	86.08%	1.24%	15.33%	-3.92%
Basic Shares Outstanding	30	26	26	27	22	21
Diluted Shares Outstanding	30	26	26	27	22	21
Shares Change (YoY)	15.46%	-1.17%	-4.20%	26.08%	2.98%	-
EPS (Basic)	0.95	1.49	1.57	0.79	0.96	0.82
EPS (Diluted)	0.95	1.49	1.57	0.79	0.96	0.82
EPS Growth	-46.10%	-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	-	-	-	-	-	42.86%
Effective Tax Rate	27.47%	27.46%	26.86%	30.39%	27.31%	27.46%

Updated Sep 4, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q