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VersaBank (NASDAQ:VBNK)

19.33 USD

0.000 0.000%
Last Updated at: 2026-06-18T20:00:00Z

VersaBank

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers cybersecurity services. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

140 Fullarton Street, London, ON, Canada, N6A 5P2

519 645 1919

https://www.versabank.com

Employees: 119

Key Executives

Sr. No. Name Title Year Born
1. Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., MBA, PPL Pres, CEO & Director 1953
2. Mr. R. Shawn Clarke M.B.A., M.Eng., P.Eng. Chief Financial Officer 1971
3. Mr. Nikola Kristo B.Com., M.B.A., B.Comm, MBA Chief Credit Officer NA
4. Mr. Michael Richard Dixon B.Com., B.Comm., M.B.A. Sr. VP of Point-of-Sale Financing NA
5. Terri Wilson VP of Investment & Risk Control NA
6. Mr. David William Thoms B.A., BA., M.B.A., MBA VP of Structured & Corp. Fin. NA
7. Mr. Wooi Koay B.Com., B.Sc. Chief Information Officer NA
8. Mr. Brent Tyler Hodge CIPP, J.D. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer NA
9. Mr. Jonathan Francis Patrick Taylor B.B.A., C.H.R.L., CHRL Chief HR Officer 1960
10. Mr. Telemaco G. Matrundola B.A., Ph.D., M.A. Chief Strategist of Cyber Security NA

Peers

Sector: Financial Services

Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE(x) Forward PE(x) Price Sales TTM(x) Price to Book Value(x) Enterprise Value to Revenue(x) Enterprise Value to EBITDA(x)
HDB

HDFC Bank Limited ADR

 +0.300 1.212% 25.26 20.810 20.964 0.108 4.772 0.000 0.000
CIHKY

China Merchants Bank Co Ltd

 0.000 0.000% 30.01 7.780 7.645 0.562 0.901 3.617 0.000
DBSDF

DBS Group Holdings Ltd

 0.000 0.000% 50.7 15.290 14.409 5.843 2.364 10.400 0.000
CIHHF

China Merchants Bank Co Ltd Class H

 0.000 0.000% 6.1 6.100 5.672 0.439 0.765 3.426 0.000

Income Statement

(Currency in USD)
Breakdown 31-10-2023 31-10-2022 31-10-2021 31-10-2020 31-10-2019
Income Before Tax 57.645M 32.548M 30.789M 26.752M 27.821M
Minority Interest - - - - -
Net Income 42.162M 22.658M 22.38M 19.405M 20.196M
Selling General Administrative 46.479M 45.528M 31.353M 25.321M 23.966M
Gross Profit 108.635M 82.392M 65.357M 54.185M 53.919M
Reconciled Depreciation 1.783M 1.938M 1.729M 1.149M 0.721M
Ebit 57.645M 82.699M 30.789M 26.752M 27.821M
Ebitda 59.428M 84.637M 32.518M 27.901M 28.542M
Depreciation And Amortization 1.783M 1.938M 1.729M 1.149M 0.721M
Operating Income 57.645M 82.699M 30.789M 26.752M 27.821M
Other Operating Expenses -50.99M 0.307M -34.568M -27.433M 26.098M
Interest Expense 129.283M 50.151M 29.331M 31.969M 34.408M
Tax Provision 15.483M 9.89M 8.409M 7.347M 7.625M
Interest Income 229.334M 76.666M 89.488M 86.094M 88.305M
Net Interest Income 100.051M 76.666M 60.157M 54.125M 53.897M
Income Tax Expense 15.483M 9.89M 8.409M 7.347M 7.625M
Total Revenue 108.635M 82.392M 65.357M 54.185M 53.919M
Total Operating Expenses -50.99M 0.307M -34.568M -27.433M -26.098M
Cost Of Revenue - - - - -
Total Other Income Expense Net - -50.151M -29.331M -31.969M -34.408M
Net Income From Continuing Ops 42.162M 22.658M 22.38M 19.405M 20.196M
Net Income Applicable To Common Shares - 21.67M 20.802M 17.237M 17.995M

Balance Sheet

(Currency in USD)
Breakdown 31-10-2023 31-10-2022 31-10-2021 31-10-2020 31-10-2019
Total Assets 4201.61M 3264.386M 2415.086M 1943.885M 1785.381M
Intangible Assets 2.791M - 3.641M - -
Other Current Assets - 14.702M 2110.485M 6.539M 6.723M
Total Liab 3824.452M 2915.323M 2082.98M 1688.597M 1545.218M
Total Stockholder Equity 377.158M 349.063M 332.106M 255.288M 240.163M
Other Current Liab -9.681M 5.797M -117.657M -100.297M -100.984M
Common Stock 214.824M 238.017M 227.674M 152.612M 152.612M
Capital Stock 228.471M 238.017M 241.321M 181.949M 181.949M
Retained Earnings 146.043M 109.335M 90.644M 73.194M 58.069M
Good Will 5.754M - 5.754M - -
Other Assets 3857.428M 3034.241M 2110.485M 1660.359M 1621.104M
Cash 132.242M 88.581M 271.523M 257.644M 139.145M
Cash And Equivalents - - - - -
Total Current Liabilities 9.681M 2671.707M 117.657M 100.297M 100.984M
Current Deferred Revenue - - - - -
Net Debt -21.621M 16.37M -171.138M -240.926M -100.898M
Short Term Debt - - - - -
Short Long Term Debt - - - - -
Short Long Term Debt Total 110.621M 104.951M 100.385M 16.718M 38.247M
Other Stockholder Equity 2.513M 1.612M 0.145M 0.145M 0.145M
Property Plant Equipment - 10.99M 11.892M 10.446M 7.911M
Total Current Assets 156.781M 88.581M 282.361M 264.451M 146.305M
Long Term Investments 168.893M 141.564M 0.953M 8.629M 10.061M
Short Term Investments - - - - -
Net Receivables 24.539M 3.774M 10.838M 6.807M 7.16M
Long Term Debt 106.85M 104.951M 95.272M 13.634M 38.247M
Inventory - - - - -
Accounts Payable 9.681M 2638.301M 117.657M 100.297M 100.984M
Accumulated Other Comprehensive Income 0.131M 0.099M -0.004M - -
Non Currrent Assets Other -187.401M -141.564M -22.24M -19.075M -17.972M
Non Current Assets Total 187.401M 141.564M 22.24M 19.075M 17.972M
Capital Lease Obligations 3.771M - 5.113M 3.084M -
Long Term Debt Total - - - - -

Cash Flow

(Currency in USD)
Breakdown 31-10-2023 31-10-2022 31-10-2021 31-10-2020 31-10-2019
Investments -28.14M -141.031M -0.953M 10M 10M
Total Cashflows From Investing Activities - -141.612M -8.44M 9.755M -0.242M
Total Cash From Financing Activities -17.312M -6.301M 131.403M -30.851M -10.174M
Net Income 42.162M 22.658M 22.38M 19.405M 20.196M
Change In Cash 43.661M -182.942M 13.879M 118.499M 9.364M
Begin Period Cash Flow 88.581M 271.523M 257.644M 139.145M 129.781M
End Period Cash Flow 132.242M 88.581M 271.523M 257.644M 139.145M
Total Cash From Operating Activities 94.717M -32.654M -108.305M 139.595M 19.78M
Depreciation 1.783M 1.938M 1.729M 1.149M 0.721M
Other Cashflows From Investing Activities - - - - -
Dividends Paid -3.6M -3.729M -3.846M -4.28M 3.678M
Change To Inventory - - - - -
Sale Purchase Of Stock -13.292M -1.93M -16.813M - -
Other Cashflows From Financing Activities -28.14M -141.612M 89.498M -1.686M 3.504M
Capital Expenditures 0.362M 0.581M 0.014M 0.245M 0.242M
Change In Working Capital 12.44M -75.128M -134.286M 113.713M -6.035M
Other Non Cash Items 21.948M 6.521M -60.157M -54.125M -53.897M
Free Cash Flow 94.355M -33.235M -108.319M 139.35M 19.538M

Funds

Sr. No. Name Purchased On Shares
1. RMB Mendon Financial Services A 2 years ago 513550
2. Orchard Small Cap Value ESG 2 years ago 284202
3. Orchard US Small Cap Value USD Instl 1 2 years ago 284202
4. MDPIM Canadian Equity Pool 2 years ago 130428
5. Empower Small Cap Value/Kennedy SP 2 years ago 56332
6. Auer Growth 2 years ago 47000
7. DFA International Small Cap Value I 2 years ago 39241
8. Wellington CIF Micro Cap Equity 2 years ago 36083
9. MD Equity 2 years ago 29886
10. NCM Core Canadian Series F 2 years ago 28900
11. DFA Canadian Core Equity Class F 2 years ago 26097
12. MD Canadian Equity 2 years ago 23116
13. DFA Canadian Vector Equity Class F 2 years ago 14798
14. NEI Canadian Small Cap Equity A 2 years ago 13695
15. Dimensional International Small Cap ETF 2 years ago 9612
16. iShares S&P/TSX Small Cap ETF 2 years ago 8102
17. MD Precision Canadian Balanced Growth 2 years ago 7316
18. Dimensional World ex US Core Eq 2 ETF 2 years ago 7028
19. 1832 AM Cdn All Cap Equity Pool I 2 years ago 6714
20. Fidelity Nasdaq Composite Index 2 years ago 5526

Institutions

Sr. No. Name Purchased On Shares
1. AllianceBernstein L.P. 2 years ago 1609824
2. CIBC World Markets Inc. 2 years ago 1218971
3. Mendon Capital Advisors Corp 2 years ago 834371
4. RMB Capital Management, LLC 2 years ago 630773
5. Hillsdale Investment Management Inc. 2 years ago 347913
6. Orchard Capital Management, Llc 2 years ago 330372
7. John W. Rosenthal Capital Management, Inc. 2 years ago 264226
8. Kennedy Capital Management Inc 2 years ago 207930
9. Cox Capital Co LLC 2 years ago 185847
10. Wellington Management Company LLP 2 years ago 124283
11. Elco Management Co., LLC 2 years ago 101182
12. Greenwich Investment Management Inc 2 years ago 74103
13. Royal Bank of Canada 2 years ago 56470
14. TD Waterhouse Canada Inc 2 years ago 46778
15. Acadian Asset Management LLC 2 years ago 43305
16. Mariner Wealth Advisors, LLC 2 years ago 16100
17. Morgan Stanley - Brokerage Accounts 2 years ago 14894
18. Benjamin F. Edwards & Company, Llc 2 years ago 14451
19. Renaissance Technologies Corp 2 years ago 12500
20. Bank of America Corp 2 years ago 11800
Disclaimer

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