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	Jan 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	266.76	264.88	215.69	123.19	88.06	83.23
Interest Income on Investments	22.61	20.54	13.65	3.63	1.43	2.86
Total Interest Income	289.37	285.42	229.33	126.82	89.49	86.09
Interest Paid on Deposits	181.95	177.09	123.49	44.6	26.45	31.46
Interest Paid on Borrowings	5.61	5.67	5.79	5.55	2.89	0.51
Total Interest Expense	187.56	182.76	129.28	50.15	29.33	31.97
Net Interest Income	101.81	102.66	100.05	76.67	60.16	54.13
Net Interest Income Growth (YoY)	-0.52%	2.60%	30.50%	27.44%	11.14%	0.42%
Other Non-Interest Income	8.8	8.98	8.58	5.73	5.2	0.06
Total Non-Interest Income	8.8	8.98	8.58	5.73	5.2	0.06
Non-Interest Income Growth (YoY)	-4.61%	4.59%	49.91%	10.12%	8566.67%	172.73%
Revenues Before Loan Losses	110.61	111.63	108.64	82.39	65.36	54.19
Provision for Loan Losses	0.88	-0.27	0.61	0.45	-0.44	-0.34
Revenue	109.73	111.9	108.03	81.94	65.8	54.53
Revenue Growth (YoY)	-1.57%	3.59%	31.83%	24.54%	20.66%	0.58%
Salaries and Employee Benefits	34.57	32.44	30.53	25.33	20.24	16.96
Occupancy Expenses	5.6	5.16	3.9	3.87	3.65	2.46
Selling, General & Administrative	20.62	19.52	15.95	20.2	11.11	8.36
Total Non-Interest Expense	60.78	57.11	50.38	49.39	35.01	27.78
EBT Excluding Unusual Items	48.94	54.79	57.65	32.55	30.79	26.75
Pretax Income	48.94	54.79	57.65	32.55	30.79	26.75
Income Tax Expense	13.75	15.05	15.48	9.89	8.41	7.35
Net Income	35.19	39.75	42.16	22.66	22.38	19.41
Preferred Dividends & Other Adjustments	0.74	0.99	0.99	0.99	1.58	2.17
Net Income to Common	34.45	38.76	41.17	21.67	20.8	17.24
Net Income Growth	-22.56%	-5.73%	86.08%	1.24%	15.33%	-3.92%
Basic Shares Outstanding	27	26	26	27	22	21
Diluted Shares Outstanding	27	26	26	27	22	21
Shares Change (YoY)	2.81%	-1.17%	-4.20%	26.08%	2.98%	-
EPS (Basic)	1.29	1.49	1.57	0.79	0.96	0.82
EPS (Diluted)	1.29	1.49	1.57	0.79	0.96	0.82
EPS Growth	-24.82%	-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	28.10%	27.46%	26.86%	30.39%	27.31%	27.46%

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