VBNK
VersaBank
NASDAQ: VBNK · FINANCIAL SERVICES · BANKS - REGIONAL
$18.44
+1.32% today
Updated 2026-05-06
Market cap
$581.91M
P/E ratio
25.48
P/S ratio
4.50x
EPS (TTM)
$0.71
Dividend yield
0.56%
52W range
$10 – $19
Volume
0.1M
VersaBank (VBNK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.23M | $32.90M | $63.24M | $60.79M | $65.85M | $70.94M | $71.62M | $81.10M | $88.33M | $86.15M | $94.69M | $132.54M | $237.92M | $111.63M | $120.23M |
| Revenue growth (YoY) | — | +12.5% | +92.3% | -3.9% | +8.3% | +7.7% | +1.0% | +13.2% | +8.9% | -2.5% | +9.9% | +40.0% | +79.5% | -53.1% | +7.7% |
| Cost of revenue | $39.48M | $41.76M | $35.79M | $31.21M | $32.03M | $32.13M | $27.66M | $29.75M | $34.11M | $31.63M | $28.89M | $50.60M | $129.89M | $182.50M | — |
| Gross profit | $29.23M | $32.90M | $27.45M | $29.59M | $33.82M | $38.81M | $43.97M | $51.35M | $54.22M | $54.53M | $65.80M | $81.94M | $108.03M | $111.63M | $120.23M |
| Gross margin | 100.0% | 100.0% | 43.4% | 48.7% | 51.4% | 54.7% | 61.4% | 63.3% | 61.4% | 63.3% | 69.5% | 61.8% | 45.4% | 100.0% | 100.0% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $15.62M | $21.82M | $20.68M | $20.86M | $22.69M | $23.57M | $25.05M | $24.03M | $23.97M | $25.32M | $31.35M | $45.53M | $46.48M | $51.95M | $33.73M |
| Operating income | $11.19M | $8.09M | $2.50M | $6.21M | $9.04M | $11.76M | $14.73M | $25.01M | $27.82M | $26.75M | $30.79M | $32.55M | $57.65M | $54.79M | $41.49M |
| Operating margin | 38.3% | 24.6% | 4.0% | 10.2% | 13.7% | 16.6% | 20.6% | 30.8% | 31.5% | 31.1% | 32.5% | 24.6% | 24.2% | 49.1% | 34.5% |
| EBITDA | $11.19M | $8.09M | $3.00M | $6.60M | $9.43M | $12.53M | $15.29M | $25.64M | $28.54M | $27.90M | $32.52M | $34.49M | $59.43M | $57.43M | $44.59M |
| EBITDA margin | 38.3% | 24.6% | 4.7% | 10.9% | 14.3% | 17.7% | 21.3% | 31.6% | 32.3% | 32.4% | 34.3% | 26.0% | 25.0% | 51.4% | 37.1% |
| EBIT | $11.19M | $8.09M | $2.50M | $6.21M | $9.04M | $11.76M | $14.73M | $25.01M | $27.82M | $26.75M | $30.79M | $32.55M | $57.65M | $54.79M | $41.49M |
| Interest expense | $39.17M | $41.29M | $35.27M | $30.29M | $30.48M | $31.26M | $27.78M | $29.41M | $34.41M | $31.97M | $29.33M | $50.15M | $129.28M | $182.76M | $179.51M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $7.57M | $3.82M | $1.76M | $5.68M | $8.22M | $8.47M | $19.47M | $18.07M | $20.20M | $19.41M | $22.38M | $22.66M | $42.16M | $39.75M | $28.46M |
| Net income growth (YoY) | — | -49.5% | -53.9% | +221.8% | +44.8% | +3.1% | +129.9% | -7.2% | +11.7% | -3.9% | +15.3% | +1.2% | +86.1% | -5.7% | -28.4% |
| Profit margin | 25.9% | 11.6% | 2.8% | 9.3% | 12.5% | 11.9% | 27.2% | 22.3% | 22.9% | 22.5% | 23.6% | 17.1% | 17.7% | 35.6% | 23.7% |