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VersaBank (VBNK) Company Overview

Profile

Full Name:

VersaBank

Country:

Canada

IPO:

August 27, 2021

Indexes:

Not included

Description:

VersaBank (VBNK) is a digital bank based in Canada. It offers various financial services, including personal and commercial banking, through innovative technology. VersaBank focuses on providing secure, efficient banking solutions while minimizing physical branches, making banking more accessible for customers.

Key Details

Price

$14.20

Annual Revenue

$82.02 M(+1.89% YoY)

Annual EPS

$1.09(-5.90% YoY)

Beta

0.85

Events Calendar

Earnings

Next earnings date:

Mar 6, 2025

Recent quarterly earnings:

Dec 9, 2024

Recent annual earnings:

Dec 9, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Jan 10, 2025
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 8, 24 Raymond James
Outperform
Sep 27, 24 Roth MKM
Buy
Aug 28, 24 Keefe, Bruyette & Woods
Outperform
Aug 27, 24 Keefe, Bruyette & Woods
Outperform
Dec 31, 21 Raymond James
Strong Buy
Oct 26, 21 Raymond James
Strong Buy

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VERSABANK ANNOUNCES WATERCRESS FINANCIAL AS ITS US RECEIVABLE PURCHASE PROGRAM PARTNER
VERSABANK ANNOUNCES WATERCRESS FINANCIAL AS ITS US RECEIVABLE PURCHASE PROGRAM PARTNER
VERSABANK ANNOUNCES WATERCRESS FINANCIAL AS ITS US RECEIVABLE PURCHASE PROGRAM PARTNER
VBNK
prnewswire.comJanuary 31, 2025

LONDON, ON , January 31, 2025 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced through its wholly owned subsidiary, VersaBank USA National Association, it has entered into an agreement with Watercress Financial Group LLC ("Watercress"), a rapidly growing point-of-sale originator of home improvement loans in the US. Watercress has a proven track record of originating high quality consumer loans through its expanding nationwide network of contractors and will leverage VersaBank's innovative Receivable Purchase Program ("RPP") to fund a portion of its originations.

VersaBank: High ROE, High Growth And Low Risk
VersaBank: High ROE, High Growth And Low Risk
VersaBank: High ROE, High Growth And Low Risk
VBNK
seekingalpha.comJanuary 4, 2025

VersaBank in 2025 is at the cusp of rapid growth and delivering high ROE whilst maintaining a low-risk business model. The U.S. expansion aims to replicate Canadian success in the much larger U.S. POS segment. VersaBank is also adding capital-light income streams from syndicated fees and CMHC-insured loans.

VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING
VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING
VERSABANK ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION IN PUBLIC OFFERING
VBNK
prnewswire.comDecember 24, 2024

LONDON, ON , Dec. 24, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that the underwriters of its previously announced public offering of common shares (the "Offering") have fully exercised their option to purchase an additional 849,056 common shares at a price of US$13.25 (approximately CAD$19.07) per share, resulting in additional gross proceeds of US$11,249,992 (approximately CAD$16,194,363). The sale of the additional shares closed today.

VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARES
VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARES
VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARES
VBNK
prnewswire.comDecember 18, 2024

The Base Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ and on EDGAR   LONDON, ON , Dec. 18, 2024 /PRNewswire/ - VersaBank (NASDAQ: VBNK) (TSX: VBNK) (the "Bank") today announced that it has successfully completed its previously announced public offering of common shares (the "Offering") at a price to the public of US$13.25 (approximately CAD$18.95) per share. An aggregate of 5,660,378 common shares were sold by the Bank for gross proceeds, before underwriting discounts and offering costs, of US$75,000,009 (approximately CAD$107,287,513).

VERSABANK LAUNCHES OFFERING OF COMMON SHARES
VERSABANK LAUNCHES OFFERING OF COMMON SHARES
VERSABANK LAUNCHES OFFERING OF COMMON SHARES
VBNK
prnewswire.comDecember 16, 2024

The Base Shelf Prospectus and the Preliminary Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON , Dec. 16, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated November 22, 2024 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection with a public offering of the Bank's common shares (the "Offering").

VersaBank (VBNK) Q4 2024 Earnings Call Transcript
VersaBank (VBNK) Q4 2024 Earnings Call Transcript
VersaBank (VBNK) Q4 2024 Earnings Call Transcript
VBNK
seekingalpha.comDecember 9, 2024

VersaBank (NASDAQ:VBNK ) Q4 2024 Earnings Conference Call December 9, 2024 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer John Asma - Chief Financial Officer Conference Call Participants Tim Switzer - KBW David Feaster - Raymond James Andrew Scutt - Roth Capital Partners Operator Good morning, ladies and gentlemen. Welcome to VersaBank Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call.

VersaBank (VBNK) Q4 Earnings Surpass Estimates
VersaBank (VBNK) Q4 Earnings Surpass Estimates
VersaBank (VBNK) Q4 Earnings Surpass Estimates
VBNK
zacks.comDecember 9, 2024

VersaBank (VBNK) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.35 per share a year ago.

VERSABANK FOURTH QUARTER AND FISCAL 2024 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK LAUNCHES PROVEN RPP SOLUTION IN US MARKET
VERSABANK FOURTH QUARTER AND FISCAL 2024 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK LAUNCHES PROVEN RPP SOLUTION IN US MARKET
VERSABANK FOURTH QUARTER AND FISCAL 2024 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK LAUNCHES PROVEN RPP SOLUTION IN US MARKET
VBNK
prnewswire.comDecember 9, 2024

VersaBank's 2024 annual audited Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") will be available today online at www.versabank.com/investor-relations, SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.shtml. Supplementary Financial Information will also be available on our website at www.versabank.com/investor-relations.

VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024
VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024
VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024
VBNK
prnewswire.comNovember 14, 2024

LONDON, ON , Nov. 14, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK; NASDAQ: VBNK) today announced management will participate in the 13th Annual ROTH Technology Conference to be held November 19-20, 2024 in New York City.  VersaBank management will be participating in one-on-one meetings throughout the conference.

VERSABANK TO PARTICIPATE IN 2024 KBW FINTECH CONFERENCE IN NEW YORK CITY NOVEMBER 13-14, 2024
VERSABANK TO PARTICIPATE IN 2024 KBW FINTECH CONFERENCE IN NEW YORK CITY NOVEMBER 13-14, 2024
VERSABANK TO PARTICIPATE IN 2024 KBW FINTECH CONFERENCE IN NEW YORK CITY NOVEMBER 13-14, 2024
VBNK
prnewswire.comNovember 7, 2024

LONDON, ON , Nov. 7, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced management will participate in the KBW Fintech Conference to be held November 13-14, 2024 in New York City.  As part of the conference, David Taylor, President and CEO will participate in a panel discussing The Future of Fintech-Bank Partnerships on Wednesday, November 13, 2024 at 1:25 p.m.

FAQ

  • What is the ticker symbol for VersaBank?
  • Does VersaBank pay dividends?
  • What sector is VersaBank in?
  • What industry is VersaBank in?
  • What country is VersaBank based in?
  • When did VersaBank go public?
  • Is VersaBank in the S&P 500?
  • Is VersaBank in the NASDAQ 100?
  • Is VersaBank in the Dow Jones?
  • When was VersaBank's last earnings report?
  • When does VersaBank report earnings?

What is the ticker symbol for VersaBank?

The ticker symbol for VersaBank is NASDAQ:VBNK

Does VersaBank pay dividends?

Yes, VersaBank pays dividends. The last payment was $0.02, with an ex-dividend date on January 10, 2025

What sector is VersaBank in?

VersaBank is in the Financial Services sector

What industry is VersaBank in?

VersaBank is in the Banks - Regional industry

What country is VersaBank based in?

VersaBank is headquartered in Canada

When did VersaBank go public?

VersaBank's initial public offering (IPO) was on August 27, 2021

Is VersaBank in the S&P 500?

No, VersaBank is not included in the S&P 500 index

Is VersaBank in the NASDAQ 100?

No, VersaBank is not included in the NASDAQ 100 index

Is VersaBank in the Dow Jones?

No, VersaBank is not included in the Dow Jones index

When was VersaBank's last earnings report?

VersaBank's most recent earnings report was on Dec 9, 2024

When does VersaBank report earnings?

The next expected earnings date for VersaBank is Mar 6, 2025