VersaBank VBNK

23.41 0.10 0.43% as of 25 Sep
Market cap
$755.7M
P/E
30.8×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 35.40%

Capital & Financial Ratios

Market Cap 755.71
Revenue 246.21
Net Income 23.92
Free Cash Flow 7.04
Net Debt (350.97)
Current Ratio 1.11
Debt/Equity 0.00
P/E ratio 30.80
P/S ratio 3.07
P/B ratio 1.87
Past 5Y EPS Growth 11.33%
This Y EPS Growth 39.87%
Next Y EPS Growth 66.90%
Next 5Y EPS Growth 44.31%
in millions of $

Dividends

Payout Ratio 0.08
Annual Dividend Rate 0.07
Annual Dividend Yield 0.62%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.07
0.02
0.02
0.02
0.02
2025 0.07
0.02
0.02
0.02
0.02
2024 0.07
0.02
0.02
0.02
0.02
2023 0.07
0.02
0.02
0.02
0.02
2022 0.08
0.02
0.02
0.02
0.02
2021 0.12
0.02
0.02
0.03
0.02
0.02
0.02
2020 0.09
0.02
0.02
0.02
0.02
0.02
2019 0.07
0.01
0.01
0.02
0.02
0.02
2018 0.03
0.01
0.01
0.01
0.01
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 98 165 415 351
Receivables — — — —
Inventory — — — —
Other — — — —
2,953 3,278 4,032 4,764
2023 2024 2025 Q'26
Payables 2,620 3,045 3,470 4,233
ST’ Debt — — — —
Other — — — —
2,699 3,120 3,544 4,307
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 27.64% 28.24%
Cash Flow — (21.11%) 0.00%
Earnings — 9.64% 6.47%
Book Value — 14.90% 11.77%

Revenue

Jan Apr Jul Oct Year
’26 60 62 66 — —
’25 53 51 55 58 217
’24 53 54 54 55 216
’23 38 42 46 50 176
’22 21 22 27 33 103
’21 18 18 19 21 75
’20 17 16 15 16 64
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Jan Apr Jul Oct Year
’26 40 (32) (32) — —
’25 (63) (70) 129 35 32
’24 (13) 37 63 113 200
’23 94 23 (100) 53 70
’22 (89) 32 21 10 (25)
’21 (21) (9) 21 (78) (86)
’20 (10) 169 12 (68) 104
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Jan Apr Jul Oct Year
’26 40 (36) (32) — —
’25 (64) (70) 129 35 31
’24 (25) 37 62 113 187
’23 94 23 (100) 53 70
’22 (89) 32 21 10 (26)
’21 (21) (9) 21 (78) (86)
’20 (10) 169 12 (68) 104
in millions of $ · fiscal quarters ending in the months shown

EPS

Jan Apr Jul Oct Year
’26 0.25 0.17 0.22 — —
’25 0.20 0.18 0.15 0.12 0.64
’24 0.36 0.33 0.26 0.15 1.09
’23 0.25 0.28 0.28 0.35 1.16
’22 0.15 0.13 0.16 0.17 0.61
’21 0.17 0.20 0.20 0.19 0.76
’20 0.17 0.16 0.13 0.17 0.68
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
0.09 0.09 4.43 5.14 3.93 5.37 6.55 6.37 9.48 8.51

Analyst estimates 2026–2028

Powerpack
Low Price
0.19 4.43 6.37 5.94 5.86 14.30 12.25 11.10 18.38 15.57
High Price
— — — 145 145 145 110 119 119 131
Employees
0 0 0 0 0 1 1 1 2 2
Revenue/Emp
30 34 39 66 64 75 103 176 216 217
Revenue
0.00% 0.00% 0.00% 61.04% 62.89% 69.02% 62.16% 45.66% 37.92% 40.98%
Gross Margin
9 11 19 21 20 24 25 43 40 30
EBT
29.63% 33.60% 48.40% 31.50% 31.05% 32.52% 24.56% 24.23% 18.61% 13.64%
EBT Margin
6 15 14 15 14 18 18 31 29 20
Net Income
— — — 1 1 1 2 1 2 2
Depreciation
1.15 1.63 1.87 3.15 3.03 3.46 3.75 6.71 8.33 6.89
Revenue/Sh
0.24 0.64 0.57 0.64 0.68 0.76 0.61 1.16 1.09 0.64
Earnings/Sh
0.65 0.89 1.11 0.70 4.92 (3.96) (0.92) 2.67 7.72 1.01
Cash Flow/Sh
0.00 0.00 0.00 (0.01) (0.01) 0.00 (0.02) (0.01) (0.53) (0.02)
Capex/Sh
0.65 0.89 1.11 0.70 4.91 (3.96) (0.94) 2.66 7.19 0.99
Free CF/Sh
5.38 7.77 8.09 8.55 8.99 12.14 9.93 10.64 11.30 12.07
Book Value/Sh
26 21 21 21 21 22 27 26 26 32
Shares
7.91 7.91 7.91 7.91 8.75 15.80 11.38 6.59 13.64 18.26
PE Ratio
0.00 0.00 0.00 1.63 1.82 3.47 1.85 1.14 1.80 1.72
PS Ratio
0.70 0.70 0.70 0.60 0.61 0.99 0.70 0.72 1.33 0.98
PB Ratio
0.00 0.00 0.00 0.06 (1.17) 0.60 1.18 0.58 1.04 (0.19)
EV/Sales
0.00 0.00 0.00 0.26 (0.73) (0.53) (4.71) 1.47 1.20 (1.33)
EV/FCF
17 19 23 15 104 (86) (25) 70 200 32
Op' Cash Flow
— (2) (1) 0 0 0 0 0 (14) (1)
Capex
17 19 23 15 104 (86) (26) 70 187 31
FCF
— — — 222 246 339 248 254 157 488
Working Cap'
43 33 33 29 13 81 80 80 — —
Total Debt
43 33 33 (105) (192) (216) (69) (98) (165) (415)
Net Debt
139 162 171 181 190 264 272 280 293 380
Sh' Equity
0.36% 1.03% 0.89% 0.99% 0.92% 0.98% 0.76% 1.08% 0.85% 0.53%
ROA
0.00% 0.00% 0.00% 17.21% 0.00% 31.76% 7.76% 14.71% 19.69% 0.00%
ROIC
3.66% 10.46% 8.45% 8.24% 6.92% 7.29% 6.27% 11.06% 9.94% 6.03%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

VersaBank (VBNK) key facts

  • VersaBank (VBNK) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • VersaBank’s revenue for fiscal 2025 (year ended October 2025) was CAD 217.1 million, roughly unchanged from fiscal 2024.
  • As of September 25, 2026, VBNK traded at $23.41, a market capitalization of $755.7 million.
  • VersaBank pays an annual dividend of $0.07 per share, a yield of 0.62%, with a payout ratio of 7.52%.
  • Return on equity was 6.03% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

VersaBank (VBNK) Latest News

News by impact score

Fine-tune

22 Sep

4

VersaBank expands its Structured Receivable Program (SRP) in the United States by launching its SRP, including Real-Time SRP, to point-of-sale originators of small business loans and leases. Previously the U.S. SRP funded only retail consumer loans. The move widens the addressable market, enabling existing partners to serve small business originations and creating a robust pipeline of new U.S. SRP partners. VersaBank targets at least US$3 billion in additional U.S. SRP fundings next year. David Taylor says the initiative taps pent-up demand in small business lending and that Real-Time SRP allows hours-long funding, lowers costs, and enhances risk mitigation via AI. VersaBank notes its cross-border, digital model and that SRP has operated in Canada for 15 years; the program began in the U.S. in 2024 with plans to scale through more partnerships. Expands US addressable market for SRP to small-business lending, aiming at US$3 billion in additional SRP fundings next year.

17 Sep

4

VersaBank shareholders approved the proposed reorganization. Reorganization approval enables structural changes that alter VersaBank operations and trajectory.

9 Sep

3 transcript

VersaBank (VBNK) released its Q3 2026 earnings call transcript covering financial results and business outlook. Quarterly earnings calls typically provide updates on performance and guidance that can influence near-term stock movement.

3

VersaBank surpasses $7 billion in total assets and targets further US growth. Asset milestone and US expansion targets point to moderate effects on performance and positioning.

6 Sep

4

VersaBank reported record assets surpassing $7 billion during its Q3 2026 earnings call. Record assets exceeding $7 billion mark major growth that should lift VersaBank's valuation and investor sentiment.

4 Sep

3

VersaBank shares rose 10% on the TSX as corporate catalysts lifted it among top gainers. Corporate catalysts triggered a 10% VersaBank share price surge on the TSX.

3 Sep

4

VersaBank posted strong Q3 results with accelerating US SRP growth driving 23% YoY revenue increase, 53% net income growth and 27% adjusted net income growth while benefiting from operating leverage. Strong quarterly revenue and income growth driven by US expansion signals significant positive effects on future performance and investor sentiment.

3

VersaBank Q3 earnings call highlights detail financial results, loan growth, net interest margin trends and management outlook on credit quality and expansion plans. Quarterly earnings updates deliver financial metrics that can shift near-term sentiment and valuation without altering long-term strategy.

1 Sep

4

VersaBank implements the first real-time structured receivable program in the United States. First US implementation of real-time receivable program represents major strategic product launch for VersaBank.

25 Aug

4

VersaBank signed a reorganization agreement and filed materials for a special shareholder meeting to approve the proposed reorganization. Reorganization agreement and shareholder vote represent major corporate restructuring with potential to alter VersaBank operations and structure.

4

VersaBank signed a reorganization agreement and filed materials for a special shareholder meeting to approve the proposed reorganization. Reorganization agreement signals major structural change with potential to shift company trajectory and investor views.

5 Aug

3

The SEC has declared VersaBank's Form S-4 registration statement effective for its proposed reorganization. SEC effectiveness of the Form S-4 clears a key procedural step allowing VersaBank's reorganization to advance.

3

SEC declares VersaBank Form S-4 registration statement effective for proposed reorganization. Reorganization approval advances corporate restructuring with potential effects on VersaBank's strategic direction and performance.

28 Jul

4

VersaBank calls special shareholder meeting to approve proposed reorganization. Reorganization approval represents major strategic move likely to alter company trajectory and investor sentiment.

3

VersaBank calls special shareholder meeting to approve proposed reorganization. Reorganization approval may affect corporate structure and operations.

23 Jul

3

VersaBank rehires financing veteran Moe Danis to support anticipated growth of its real-time SRP. Rehiring of experienced executive signals support for growth plans but remains a standard personnel move without major strategic shifts.

9 Jul

3

VersaBank adds new ECN Capital subsidiary to its US structured receivable program. Addition of ECN Capital subsidiary expands VersaBank US receivable operations with moderate growth potential.

3

VersaBank adds new ECN Capital subsidiary to its US structured receivable program. Subsidiary addition expands VersaBank US receivables program with moderate operational reach.

29 Jun

4

VersaBank launches breakthrough real-time structured receivable program for point-of-sale industry in Canada and United States. New receivable program launch targets expansion into point-of-sale financing across Canada and United States.

4

VersaBank launches breakthrough real-time structured receivable program for point-of-sale industry in Canada and United States. Breakthrough receivable program launch expands VersaBank operations across Canada and US point-of-sale markets.

3 Jun

4

VersaBank posted record revenue in Q2 2026 and detailed strategic expansion initiatives during its earnings call. Record revenue and expansion plans signal major positive shifts in financial results and growth trajectory.

4

VersaBank publicly files Form S-4 registration statement with the SEC. Form S-4 filing signals potential merger or acquisition activity that could reshape VersaBank's structure and market position.

4

VersaBank publicly files Form S-4 registration statement with the SEC. S-4 filing signals major corporate transaction such as merger that may significantly alter VersaBank operations and valuation.

3 transcript

VersaBank Q2 earnings call highlights financial results, operational updates and management commentary on performance and outlook. Q2 earnings updates influence near-term sentiment and valuation but rarely alter long-term trajectory without major surprises.

10 May

4

VersaBank (TSX:VBNK) sees its story shift with robust loan growth and early progress in stablecoin custody services. Loan growth reinforces core banking revenue while stablecoin custody marks a major strategic entry into digital assets.

29 Apr

4

VersaBank starts pilot program for AI-enabled real-time structured receivable program in point-of-sale financing, marking industry breakthrough innovation. Launch of pilot for new AI financing product represents major strategic move with potential to significantly boost VersaBank trajectory in point-of-sale market.

4

VersaBank announces industry breakthrough in point-of-sale financing with pilot program for AI-enabled real-time structured receivable program. AI-enabled pilot in real-time structured receivables marks major innovation in POS financing, boosting competitive positioning and growth potential.

3

VersaBank launches pilot program with FinanceIt for new real-time structured receivable program. Pilot for real-time structured receivables advances VersaBank's fintech capabilities and competitive edge in lending.

28 Apr

3

VersaBank received TSX approval to renew its Normal Course Issuer Bid, enabling the purchase of up to 10% of its public float of common shares over the next year. NCIB renewal enables share repurchases that can enhance EPS, signal confidence, and support stock performance amid market conditions.

23 Apr

4

VersaBank (TSX:VBNK) strengthens its investment case through accelerating loan growth and expansion into stablecoin custody services. Loan growth drives core revenue while stablecoin custody taps into high-potential crypto market, significantly enhancing strategic positioning.

stockrow.com/VBNK · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com