VersaBank (VBNK) Financial Statements & Analysis

VersaBank (VBNK) Income Statement

VersaBank reported revenue of CAD 304.15M in fiscal 2025 (fiscal year ended Oct 31, 2025), up 3.3% from CAD 294.40M a year earlier. Net income was CAD 28.46M, down 28.4% year over year, a net margin of 9.4%. Gross margin was 39.5% and operating margin 13.6%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 31, 2026), revenue was CAD 91.77M, up 190.6% from the same quarter a year earlier.

VersaBank Income Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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VersaBank income statement - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Revenue & Gross Profit
Revenue	304.15	294.40	237.92	82.39	65.80	86.15	88.33	81.10	71.62
Cost of Revenue	183.93	182.50	129.89	50.60	28.89	31.63	34.11	29.75	27.66
Gross Profit	120.23	111.63	108.03	81.94	65.80	54.53	54.22	51.35	43.97
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	71.71	51.95	46.48	45.53	14.76	25.32	23.97	24.03	25.06
Operating Expenses	78.74	57.11	50.38	49.39	35.01	27.78	26.40	26.34	29.24
Operating Income	41.49	54.79	57.65	32.55	30.79	26.75	27.82	25.01	14.73
Other Income/Expense
Interest Income	295.68	285.42	229.33	126.82	89.49	86.09	88.31	80.91	71.77
Interest Expense	179.51	182.76	129.28	50.15	29.33	31.97	34.41	29.42	27.78
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	41.49	54.79	57.65	32.55	30.79	26.75	27.82	25.01	14.73
Income Tax Expense	13.04	15.05	15.48	9.89	8.41	7.35	7.63	6.94	-4.74
Net Income	28.46	39.75	42.16	22.66	22.38	19.41	20.20	18.07	19.47
Net Income - Continuous Operations	28.46	39.75	42.16	22.66	22.38	19.41	20.20	18.07	19.47
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	44.59	57.43	59.43	1.94	1.73	27.90	28.54	25.64	15.29
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	3.10	2.63	1.78	1.94	1.73	1.15	0.72	0.62	0.55
Earnings Per Share
Basic EPS	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00
Diluted EPS	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	31.51	25.97	26.27	28.68	21.75	21.12	21.12	21.12	20.86
Diluted Shares Outstanding	31.51	25.97	26.27	28.68	21.75	21.12	21.12	21.12	20.86

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About VersaBank Financial Statements

What was VersaBank's revenue in fiscal 2025?

VersaBank reported revenue of CAD 304.15M in fiscal 2025 (fiscal year ended Oct 31, 2025). That was up 3.3% from CAD 294.40M a year earlier.

Is VersaBank profitable?

Yes. VersaBank earned net income of CAD 28.46M in fiscal 2025, a net margin of 9.4%. In fiscal 2024 it earned CAD 39.75M.

What is VersaBank's operating margin?

VersaBank's operating income was CAD 41.49M on revenue of CAD 304.15M in fiscal 2025, an operating margin of 13.6%, compared with 18.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition