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Earnings transcript
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VBNK
VersaBank
$22.28
-0.11
(-0.49%)
| Exchange: | NASDAQ |
| Market Cap: | 722.297M |
| Shares Outstanding: | 15.825M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | Susan Teresa McGovern | |||||
| Full Time Employees: | 131 | |||||
| Address: |
| |||||
| Website: | https://www.versabank.com |
VersaBank, a federally regulated financial institution (Schedule I chartered bank) operating across Canada, delivers a diverse array of banking and lending solutions. Clients can choose from various deposit products, including Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), Daily Interest Savings Accounts (DISAs), and Tax-Free Savings Accounts (TFSAs), all complemented by deposit protection. The bank also provides comprehensive lending services. This includes point-of-sale financing, where it acquires loan and lease receivables from other finance companies across numerous industries. Additionally, its commercial banking division supports sectors such as commercial real estate, public sector and infrastructure projects, condominium financing, and residential mortgages. Established in 1979, the institution was initially known as Pacific & Western Bank of Canada before adopting its current name, VersaBank, in May 2016. The company maintains its headquarters in London, Canada.
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Revenue Segmentation
VBNK full analysis
Welcome to MARKETSNAP’s SWOT analysis for VersaBank, also known by its ticker VBNK. If you’re a long-term investor looking to dig into a unique player in the financial space, you’re in the right place. Today, we’re breaking down everything you need to know about VersaBank—from a quick overview of who they are to a deep dive into their strengths, weaknesses, opportunities, and threats. Let’s get started and see if this stock deserves a spot in your portfolio. Company Overview First…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| VBNK | VersaBank | 722.3M | 29.9 | 19.7 | 3.5% |
 CUBB | Customers Bancorp, Inc 5.375% S | 722.7M | 2.4 | 2.6 | 3.2% |
 IBCP | Independent Bank Corporation | 733.5M | 10.2 | 10.0 | -1.7% |
 WASH | Washington Trust Bancorp, Inc. | 706.9M | 12.7 | 11.5 | 4.7% |
 BCAL | California BanCorp | 699.6M | 11.4 | 12.5 | -2.1% |
 SHBI | Shore Bancshares, Inc. | 752.5M | 11.2 | 10.4 | 8.8% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 237,918 | 111,633 | 120,228 |
| Gross Profit | 108,026 | 111,633 | 120,228 |
| EBITDA | 59,428 | 57,427 | 44,594 |
| Operating Income | 57,645 | 54,793 | 41,493 |
| Net Income | 42,162 | 39,748 | 28,458 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,201,610 | 4,838,484 | 5,808,475 |
| Total Liabilities | 3,824,452 | 4,439,281 | 5,275,802 |
| Total Stockholders Equity | 377,158 | 399,203 | 532,673 |
| Total Debt | 110,621 | 108,579 | 108,512 |
| Cash and Cash Equivalents | 132,241.999 | 225,254 | 581,710 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 94,717 | 272,705 | -679,392 |
| Capital Expenditure | -362 | -18,578 | -954 |
| Free Cash Flow | 94,355 | 254,127 | -680,346 |
| Net Income | 42,162 | 39,748 | 28,458 |
| Net Change in Cash | 43,661 | 93,012 | 356,456 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 247,453.609 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 257,792.423 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 253,825.997 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 152,719.864 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 160,786.728 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 156,753.296 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 105,096.590 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 110,849.399 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 107,972.995 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 98,498.618 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 102,613.971 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 101,035.139 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.450 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.520 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.340 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Asset Growth: As highlighted in the Q1 Fiscal 2025 Earnings Call, VersaBank reported total assets reaching a new high, reflecting robust balance sheet expansion and strong operational performance.
- Digital Innovation Leadership: The earnings call emphasized the company’s focus on digital innovations, positioning VersaBank as a leader in technology-driven banking solutions within its industry, potentially enhancing customer acquisition and retention.
- Positive Financial Metrics: Key metrics such as revenue, gross profit, and net income from recent income statements indicate consistent growth, supported by effective cost management and operational efficiency.
- Strong Free Cash Flow: Cash flow statements show healthy free cash flow generation, providing financial flexibility for reinvestment in growth initiatives and debt management.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates VBNK intrinsic value between $1.55 – $3.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about VBNK valuation
Is VersaBank (VBNK) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for VersaBank (VBNK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is VBNK a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether VBNK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is VBNK’s P/E ratio?
You can see VBNK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for VBNK?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is VBNK a good long-term investment?
Whether VBNK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
VBNK
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Daily snapshot
-0.49
Trading Metrics:
| Open: | 22.52 | Previous Close: | 22.39 | |
| Day Low: | 22.06 | Day High: | 22.52 | |
| Year Low: | 11.25 | Year High: | 25.05 | |
| Price Avg 50: | 21.3 | Price Avg 200: | 18.35 | |
| Volume: | 54713 | Average Volume: | 128957 |
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