VersaBank (VBNK) — Financial statements
Income statement, balance sheet, and cash flow for VersaBank — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 120↑7.7% | 112↓53.1% | 238↑79.5% | 133↑40.0% | 95 | |
| Cost of Revenue | 0.00 | 0.00↓100.0% | 130↑156.7% | 51↑75.1% | 29 | |
| Gross Profit | 120↑7.7% | 112↑3.3% | 108↑31.8% | 82↑24.5% | 66 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 34↓35.1% | 52↑11.8% | 46↑2.1% | 46↑45.2% | 31 | |
| Selling & Marketing Expenses | 45 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 79↑51.6% | 52↑11.8% | 46↑2.1% | 46↑45.2% | 31 | |
| Other Expenses | 0.00↓100.0% | 5↑32.1% | 4↑1.0% | 4↑5.8% | 4 | |
| Operating Expenses | 79↑37.9% | 57↑13.4% | 50↑2.0% | 49↑41.1% | 35 | |
| Total Costs & Expenses | 79↑37.9% | 57↓68.3% | 180↑80.3% | 100↑56.5% | 64 | |
| Operating Results | ||||||
| Operating Income | 41↓24.3% | 55↓4.9% | 58↑77.1% | 33↑5.7% | 31 | |
| Depreciation & Amortization | 3↑17.7% | 3↑47.7% | 2↓8.0% | 2↑12.1% | 2 | |
| EBITDA | 45↓22.3% | 57↓3.4% | 59↑72.3% | 34↑6.1% | 33 | |
| EBIT | 41↓24.3% | 55↓4.9% | 58↑77.1% | 33↑5.7% | 31 | |
| Interest & Other Income | ||||||
| Net Interest Income | 116↑13.2% | 103↑2.6% | 100↑30.5% | 77↑27.4% | 60 | |
| Interest Income | 296↑3.6% | 285↑24.5% | 229↑80.8% | 127↑41.7% | 89 | |
| Interest Expense | 180↓1.8% | 183↑41.4% | 129↑157.8% | 50↑71.0% | 29 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 41↓24.3% | 55↓4.9% | 58↑77.1% | 33↑5.7% | 31 | |
| Income Tax Expense | 13↓13.4% | 15↓2.8% | 15↑56.6% | 10↑17.6% | 8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 28↓28.4% | 40↓5.7% | 42↑86.1% | 23↑1.2% | 22 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 28↓28.4% | 40↓5.7% | 42↑86.1% | 23↑1.2% | 22 | |
| Bottom-Line Net Income | 28↓26.6% | 39↓5.9% | 41↑90.0% | 22↑4.2% | 21 | |
| EPS (Basic) | 0.90↓39.6% | 1.49↓2.6% | 1.53↑93.7% | 0.79↓17.7% | 0.96 | |
| EPS (Diluted) | 0.90↓39.6% | 1.49↓5.1% | 1.57↑98.7% | 0.79↓17.7% | 0.96 | |
| Weighted Average Shares | 32↑16.9% | 27↑0.2% | 27↓1.9% | 27↑26.1% | 22 | |
| Weighted Average Diluted Shares | 32↑21.3% | 26↓1.2% | 26↓4.2% | 27↑26.1% | 22 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.