1.Sales and profit
See section →- VersaBank had $89.0M of revenue in fiscal 2025, up 8.5% on the year before. Over five years, revenue changed +17.2% a year on average.
- VersaBank made $20.3M of net profit in fiscal 2025.
VersaBank
VBNK Nasdaq Commercial Banks, Nec Financials FY2020–FY2025
VersaBank had $89.0M of revenue in fiscal 2025, up 8.5% on the year before. Over five years, revenue changed +17.2% a year on average.
Last close · Oct 23, 2026
$23.25
1.8%KIRA’s summary AI analyst
Hi! I read VersaBank’s latest annual report (fiscal 2025). Here is what stands out:
2 strengths 1 to watch
2.Cash and shareholders
See section →- VersaBank returned $2.3M to shareholders in fiscal 2025, 7% of free cash flow. The diluted share count rose 21.3%.
- No open-market insider trades in the last 12 months.
3.Financial health
See section →- It earned 6.1% on shareholders’ money.
VersaBank in 30 seconds
Good So-so Weak
Good
Are sales growing?
+8.5%
Yes. Sales grew 8.5% last year.
Good
Does it make a profit?
22.8%
Yes. It keeps 22.8% of every sale as profit.
Weak
How much does it earn on its capital?
6.1%
Low. It earns 6.1% a year on shareholders’ money.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$743M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
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Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA · VersaBank had $89.0M of revenue in fiscal 2025, up 8.5% on the year before. Over five years, revenue changed +17.2% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY20
Revenue $40.3M
FY21
Revenue $52.0M
FY22
Revenue $64.0M
FY23
Revenue $80.6M
FY24
Revenue $82.0M
FY25
Revenue $89.0M
Revenue
Q2 '23
Revenue $19.7M
Q3 '23
Revenue $20.1M
Q4 '23
Revenue $21.5M
Q1 '24
Revenue $21.3M
Q2 '24
Revenue $21.0M
Q3 '24
Revenue $19.7M
Q4 '24
Revenue $20.0M
Q1 '25
Revenue $19.6M
Q2 '25
Revenue $21.2M
Q3 '25
Revenue $23.0M
Q4 '25
Revenue $25.3M
Q1 '26
Revenue $26.3M
Net interest income share and efficiency ratio
FY20
Net interest share 99.9%
Efficiency ratio —
FY21
Net interest share 92.0%
Efficiency ratio —
FY22
Net interest share 93.1%
Efficiency ratio —
FY23
Net interest share 92.1%
Efficiency ratio —
FY24
Net interest share 92.0%
Efficiency ratio —
FY25
Net interest share 93.2%
Efficiency ratio —
Net interest share
Efficiency ratio
Net interest income share and efficiency ratio
Q2 '23
Net interest share 92.2%
Efficiency ratio —
Q3 '23
Net interest share 92.8%
Efficiency ratio —
Q4 '23
Net interest share 89.9%
Efficiency ratio —
Q1 '24
Net interest share 92.1%
Efficiency ratio —
Q2 '24
Net interest share 92.1%
Efficiency ratio —
Q3 '24
Net interest share 92.4%
Efficiency ratio —
Q4 '24
Net interest share 91.3%
Efficiency ratio —
Q1 '25
Net interest share 92.4%
Efficiency ratio —
Q2 '25
Net interest share 93.0%
Efficiency ratio —
Q3 '25
Net interest share 94.3%
Efficiency ratio —
Q4 '25
Net interest share 93.0%
Efficiency ratio —
Q1 '26
Net interest share 92.8%
Efficiency ratio —
Net interest share
Efficiency ratio
Net income and earnings per share
KIRA · VersaBank made $20.3M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY20
Net income $14.4M
FY21
Net income $17.8M
FY22
Net income $17.6M
FY23
Net income $31.3M
FY24
Net income $29.2M
FY25
Net income $20.3M
Net income
Q2 '23
Net income $7.6M
Q3 '23
Net income $7.5M
Q4 '23
Net income $9.2M
Q1 '24
Net income $9.4M
Q2 '24
Net income $8.7M
Q3 '24
Net income $7.1M
Q4 '24
Net income $4.0M
Q1 '25
Net income $5.7M
Q2 '25
Net income $6.0M
Q3 '25
Net income $4.8M
Q4 '25
Net income $3.7M
Q1 '26
Net income $8.0M
Diluted EPS
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Cash and shareholders
How much cash comes in, and where does it go?
Dividends, buybacks and share count
KIRA · VersaBank returned $2.3M to shareholders in fiscal 2025, 7% of free cash flow. The diluted share count rose 21.3%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY20
Dividends $3.2M
Buybacks —
FY21
Dividends $3.1M
Buybacks —
FY22
Dividends $2.9M
Buybacks —
FY23
Dividends $2.7M
Buybacks —
FY24
Dividends $2.6M
Buybacks —
FY25
Dividends $2.3M
Buybacks —
Dividends
Buybacks
Dividends and buybacks
Q2 '23
Dividends $0.7M
Buybacks —
Q3 '23
Dividends $0.7M
Buybacks —
Q4 '23
Dividends $0.7M
Buybacks —
Q1 '24
Dividends $0.7M
Buybacks —
Q2 '24
Dividends $0.7M
Buybacks —
Q3 '24
Dividends $0.7M
Buybacks —
Q4 '24
Dividends $0.7M
Buybacks —
Q1 '25
Dividends $0.6M
Buybacks —
Q2 '25
Dividends $0.6M
Buybacks —
Q3 '25
Dividends $0.6M
Buybacks —
Q4 '25
Dividends $0.6M
Buybacks —
Q1 '26
Dividends $0.6M
Buybacks —
Dividends
Buybacks
Diluted shares outstanding (annual)
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.02B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.03B
FY24
Diluted shares 0.03B
FY25
Diluted shares 0.03B
Insider trades
KIRA · No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Loans, deposits and capital at each fiscal year end.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Loans and deposits
FY20
Loans —
Deposits —
FY21
Loans —
Deposits —
FY22
Loans —
Deposits —
FY23
Loans —
Deposits —
FY24
Loans —
Deposits —
FY25
Loans —
Deposits —
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Total assets | $2.0B | $2.4B | $3.0B | $3.5B | $4.1B |
| Shareholders' equity | $269M | $257M | $272M | $287M | $380M |
| Goodwill | $4.7M | $4.2M | $4.2M | $8.8M | $8.8M |
| Intangible assets | $2.9M | $2.3M | $2.0M | $8.7M | $7.5M |
Returns and efficiency
KIRA · It earned 6.1% on shareholders’ money.
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
In plain words: Return on equity is the profit made on shareholders’ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
Return on equity, return on tangible equity and efficiency ratio
FY20
ROE 7.5%
ROTE 7.5%
Efficiency ratio —
FY21
ROE 7.7%
ROTE 6.8%
Efficiency ratio —
FY22
ROE 6.7%
ROTE 7.0%
Efficiency ratio —
FY23
ROE 11.8%
ROTE 11.8%
Efficiency ratio —
FY24
ROE 10.4%
ROTE 10.8%
Efficiency ratio —
FY25
ROE 6.1%
ROTE 5.6%
Efficiency ratio —
ROE
ROTE
Efficiency ratio
All figures
Every number, year by year.
6 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $40.3M | $52.0M | $64.0M | $80.6M | $82.0M | $89.0M |
| Net interest income | $40.2M | $47.8M | $59.5M | $74.2M | $75.4M | $82.9M |
| Interest expense | $23.8M | $23.3M | $38.9M | $95.9M | $134M | $128M |
| Pretax income | $19.9M | $24.5M | $25.3M | $42.7M | $40.3M | $29.6M |
| Income tax | $5.5M | $6.7M | $7.7M | $11.5M | $11.1M | $9.3M |
| Net income | $14.4M | $17.8M | $17.6M | $31.3M | $29.2M | $20.3M |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||
| Cash from operations | $104M | −$86.1M | −$25.4M | $70.2M | $200M | $31.7M |
| Capital expenditure | $0.2M | $0.0M | $0.5M | $0.3M | $13.6M | $0.7M |
| Free cash flow | $104M | −$86.1M | −$25.8M | $70.0M | $187M | $31.0M |
| Stock-based compensation | — | $0.0M | $1.1M | $0.7M | $0.3M | $0.1M |
| Acquisitions | $0.0M | $5.9M | $0.0M | $0.0M | $8.9M | — |
| Dividends paid | $3.2M | $3.1M | $2.9M | $2.7M | $2.6M | $2.3M |
| Dividends and buybacks | $3.2M | $3.1M | $2.9M | $2.7M | $2.6M | $2.3M |
| Balance sheet | ||||||
| Cash and short-term investments | $194M | $220M | $64.8M | $95.5M | $162M | $415M |
| Property and equipment, net | $5.6M | $5.7M | $5.0M | $4.7M | $17.2M | $17.1M |
| Goodwill | $0.0M | $4.7M | $4.2M | $4.2M | $8.8M | $8.8M |
| Intangible assets | $0.0M | $2.9M | $2.3M | $2.0M | $8.7M | $7.5M |
| Total assets | $1.5B | $2.0B | $2.4B | $3.0B | $3.5B | $4.1B |
| Total liabilities | $1.3B | $1.7B | $2.1B | $2.8B | $3.2B | $3.8B |
| Shareholders' equity | $192M | $269M | $257M | $272M | $287M | $380M |
| Margins | ||||||
| Net margin | 35.8% | 34.2% | 27.5% | 38.8% | 35.6% | 22.8% |
| FCF margin | 257.2% | −165.7% | −40.3% | 86.9% | 227.6% | 34.9% |
| Net interest share of revenue | 99.9% | 92.0% | 93.1% | 92.1% | 92.0% | 93.2% |
| Returns | ||||||
| Return on equity | 7.5% | 7.7% | 6.7% | 11.8% | 10.4% | 6.1% |
| Return on assets | 1.0% | 1.0% | 0.8% | 1.2% | 0.9% | 0.5% |
| Return on tangible equity | 7.5% | 6.8% | 7.0% | 11.8% | 10.8% | 5.6% |
| Growth | ||||||
| Revenue growth | — | 29.0% | 23.1% | 25.9% | 1.8% | 8.5% |
| Net income growth | — | 23.4% | −1.1% | 77.7% | −6.6% | −30.5% |
| FCF growth | — | −183.2% | — | — | 166.9% | −83.4% |
| Share count change | — | 3.0% | 26.1% | −4.2% | −1.2% | 21.3% |
| Capital allocation | ||||||
| Capex / revenue | 0.5% | 0.0% | 0.7% | 0.3% | 16.6% | 0.8% |
| Stock comp / revenue | — | 0.0% | 1.8% | 0.8% | 0.3% | 0.1% |
| Payouts / FCF | 3.1% | — | — | 3.8% | 1.4% | 7.4% |
| Quality scores | ||||||
| Accruals ratio | −6.1% | 6.1% | 2.0% | −1.4% | −5.3% | −0.3% |
Source: SEC EDGAR XBRL filings (CIK 0001690639). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.