VersaBank (VBNK) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for Q1 FY2026, filed Mar 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VBNK SEC filings page.
VersaBank (VBNK) reported $96.6M in revenue over the twelve months to Jan 31, 2026, up 22.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of VersaBank's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
VersaBank earned a return on assets of 0.5% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 0.8% the prior year. Earnings ranks banks on that return over three years, and VersaBank scores 35/100 among other banks.
VersaBank reported revenue of $89.0M in fiscal year 2025, against $80.1M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and VersaBank scores 43/100 among other banks.
VersaBank funded 9.2% of its assets with shareholders' equity at the end of fiscal year 2025, holding $380.2M of equity against $4.1B of assets. Capital ranks banks on that cushion, and VersaBank scores 23/100 among other banks.
Not available for VersaBank, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for VersaBank, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
VersaBank reported net income of $20.3M in fiscal year 2025, against $28.5M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and VersaBank scores 51/100 among other banks.
VersaBank passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
Key Financial Metrics
Earnings & Revenue
VersaBank generated $26.9M in revenue in Q1 2026. This represents an increase of 39.9% from the same quarter a year earlier. Against the prior quarter it is up 7.5%.
VersaBank reported $8.2M in net income in Q1 2026. This represents an increase of 45.0% from the same quarter a year earlier. Against the prior quarter it is up 119.8%.
Not reported for Q1 2026.
Not reported for Q1 2026.
Cash & Balance Sheet
VersaBank generated $40.9M in free cash flow in Q1 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 16.8%.
VersaBank held $463.2M in cash as of Q1 2026; no long-term debt figure is on record for that period.
Not reported for Q1 2026.
Margins & Returns
VersaBank's net profit margin was 30.3% in Q1 2026, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.5 percentage points.
VersaBank's quarterly ROE was 2.0% in Q1 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
VersaBank invested $125K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 87.5% from the same quarter a year earlier. Against the prior quarter it is down 39.4%.
Not reported for Q1 2026.
Not reported for Q1 2026.
VBNK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'266-K | Q4'2510-K | Q3'256-K | Q2'2510-Q | Q1'256-K | Q4'2410-K | Q3'246-K | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.9M+39.9% | $25.0M+28.0% | $22.8M+16.7% | $21.8M+5.3% | $19.2M-10.7% | $19.6M-6.9% | $19.6M-4.2% | $20.7M+5.3% |
| Interest Expense | $34.9M+6.2% | $32.0M-7.7% | $31.9M-5.6% | $31.1M-5.0% | $32.9M+3.0% | $34.7M+20.8% | $33.8M+26.6% | $32.7M+53.0% |
| Income Tax | $3.1M+51.2% | $3.4M+82.6% | $1.6M-42.4% | $2.3M-28.6% | $2.0M-35.6% | $1.8M-42.6% | $2.7M-5.9% | $3.3M+27.4% |
| Net Income | $8.2M+45.0% | $3.7M-6.1% | $4.8M-32.4% | $6.2M-28.2% | $5.6M-40.6% | $4.0M-56.0% | $7.0M-7.5% | $8.6M+13.6% |
| EPS (Basic) | $0.26+33.3% | $0.11-20.4% | $0.14-44.6% | $0.19-42.5% | $0.19-46.0% | $0.14-57.6% | $0.26-9.7% | $0.33+16.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Diluted), Diluted Shares (Avg).
VBNK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'266-K | Q4'2510-K | Q3'256-K | Q2'2510-Q | Q1'256-K | Q4'2410-K | Q3'246-K | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B+31.8% | $4.1B+19.4% | $4.0B+20.9% | $3.7B+14.5% | $3.4B+6.8% | $3.5B+14.7% | $3.3B+8.1% | $3.2B+16.0% |
| Cash & Equivalents | $463.2M+73.2% | $415.2M+156.9% | $332.5M+85.1% | $246.4M+70.4% | $267.4M+180.7% | $161.6M+69.6% | $179.6M+169.5% | $144.6M-12.4% |
| Goodwill | $9.1M+6.7% | $8.8M-0.5% | $8.9M+113.2% | $8.9M+112.9% | $8.5M+97.9% | $8.8M+112.8% | $4.2M-4.7% | $4.2M-1.4% |
| Total Liabilities | $4.1B+34.3% | $3.8B+18.2% | $3.6B+20.2% | $3.3B+12.8% | $3.1B+5.1% | $3.2B+15.6% | $3.0B+8.3% | $2.9B+16.6% |
| Total Equity | $400.6M+11.1% | $380.2M+32.8% | $381.5M+28.8% | $382.6M+31.5% | $360.5M+24.0% | $286.4M+5.4% | $296.2M+6.8% | $291.0M+10.6% |
| Retained Earnings | $157.9M+21.0% | $145.4M+11.8% | $144.8M+12.5% | $142.2M+15.8% | $130.4M+10.6% | $130.0M+23.6% | $128.6M+25.9% | $122.8M+32.7% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
VBNK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'266-K | Q4'2510-K | Q3'256-K | Q2'2510-Q | Q1'256-K | Q4'2410-K | Q3'246-K | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.0Mn/m | $35.2M-67.9% | $132.6M+110.6% | -$72.0M-295.6% | -$61.6Mn/m | $110.0M+413.2% | $63.0M+628.6% | $36.8M+156.8% |
| Capital Expenditures | $125K-87.5% | $207K+180.1% | -$41K-97.6% | -$529K+107.4% | $1.0M-91.6% | -$74K+754.6% | $1.7M+18392.2% | $255K+10.5% |
| Free Cash Flow | $40.9Mn/m | $35.0M-68.1% | $132.6M+116.4% | -$72.6M-298.4% | -$62.6Mn/m | $109.9M+413.0% | $61.3M+609.9% | $36.6M+159.2% |
| Investing Cash Flow | -$8.7M-109.3% | $54.9Mn/m | -$41.6Mn/m | $41.7M+99.3% | $93.6M+572.8% | -$109.8M-1160.6% | -$37.6Mn/m | $20.9M+201.0% |
| Financing Cash Flow | $713K-99.1% | -$3.0Mn/m | -$4.6Mn/m | -$927Kn/m | $78.8Mn/m | -$10.8Mn/m | -$783Kn/m | -$4.4Mn/m |
| Dividends Paid | $589K+4.8% | $572K-11.0% | $583K-10.3% | $589K-9.8% | $562K-16.1% | $644K-0.4% | $650K-4.5% | $652K-1.5% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.
VBNK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'266-K | Q4'2510-K | Q3'256-K | Q2'2510-Q | Q1'256-K | Q4'2410-K | Q3'246-K | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 30.3%+1.0pp | 14.8%-5.4pp | 20.8%-15.1pp | 28.3%-13.2pp | 29.3%-14.8pp | 20.2%-22.6pp | 35.9%-1.3pp | 41.5%+3.0pp |
| Return on Equity | 2.0%+0.5pp | 1.0%-0.4pp | 1.3%-1.1pp | 1.6%-1.4pp | 1.6%-1.7pp | 1.4%-1.9pp | 2.4%-0.4pp | 3.0%+0.1pp |
| Return on Assets | 0.2%0.0pp | 0.1%0.0pp | 0.1%-0.1pp | 0.2%-0.1pp | 0.2%-0.1pp | 0.1%-0.2pp | 0.2%0.0pp | 0.3%0.0pp |
| Liabilities-to-Equity | 10.32+1.8x | 9.90-1.2x | 9.37-0.7x | 8.55-1.4x | 8.54-1.5x | 11.12+1.0x | 10.04+0.1x | 9.97+0.5x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 151.9% | 139.9% | 581.1% | -332.4% | -325.3% | 561.4% | 313.3% | 176.4% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VersaBank VBNK | FY2025 | $89.0M | $20.3M | 22.8% | $753.7M | 38/100 |
| Blue Ridge Bankshares, Inc. BRBS | FY2025 | $91.7M | $10.7M | 11.7% | $365.0M | 24/100 |
| First Business Financial Services, Inc. FBIZ | FY2025 | $168.6M | $50.3M | 29.8% | $606.1M | 58/100 |
| Bank of Marin Bancorp BMRC | FY2025 | $29.4M | -$35.7M | N/A | $439.0M | 12/100 |
| Bankwell Financial Group Inc BWFG | FY2025 | $108.3M | $35.2M | 32.5% | $535.7M | 45/100 |
Where VersaBank Ranks
Frequently Asked Questions
What is VersaBank's annual revenue?
VersaBank (VBNK) reported $89.0M in total revenue for fiscal year 2025. This represents a 11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VersaBank's revenue growing?
VersaBank (VBNK) revenue grew by 11.1% year-over-year, from $80.1M to $89.0M in fiscal year 2025.
Is VersaBank profitable?
Yes, VersaBank (VBNK) reported a net income of $22.8M over the trailing 12 months to January 31, 2026. In fiscal year 2025 it reported a net income of $20.3M, with a net profit margin of 22.8%.
What is VersaBank's net profit margin?
VersaBank (VBNK) had a net profit margin of 22.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is VersaBank's return on equity (ROE)?
VersaBank (VBNK) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is VersaBank's free cash flow?
VersaBank (VBNK) generated $31.0M in free cash flow during fiscal year 2025. This represents a -83.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VersaBank's operating cash flow?
VersaBank (VBNK) generated $31.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are VersaBank's total assets?
VersaBank (VBNK) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are VersaBank's capital expenditures?
VersaBank (VBNK) invested $681K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is VersaBank's liabilities-to-equity ratio?
VersaBank (VBNK) had a liabilities-to-equity ratio of 9.90 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is VersaBank's return on assets (ROA)?
VersaBank (VBNK) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VersaBank's P/E ratio?
VersaBank (VBNK) trades at 33.0x earnings, its market capitalization divided by $22.8M net income, trailing 12 months to January 31, 2026. The market capitalization is $753.7M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VersaBank's price-to-sales ratio?
VersaBank (VBNK) trades at 7.8x sales, its market capitalization divided by $96.6M revenue, trailing 12 months to January 31, 2026. The market capitalization is $753.7M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VersaBank's Piotroski F-Score?
VersaBank (VBNK) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is VersaBank?
VersaBank (VBNK) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For VersaBank it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.