VersaBank (VBNK) Cash Flow: Operating & Free Cash Flow

VersaBank (VBNK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Oct 31, 2025), VersaBank generated CAD 150.40M of operating cash flow and spent CAD 954.00K on capital expenditures. That left free cash flow of CAD 149.44M, down 41.2% from CAD 254.13M a year earlier, or 49.1% of revenue. It returned CAD 12.36M to shareholders through CAD 3.23M in dividends and CAD 9.13M in share buybacks.

VersaBank Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for VersaBank (VBNK) - 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
Operating Activities
Net Income	28.46	39.75	42.16	22.66	22.38	19.41	20.20	18.07	19.47
Depreciation & Amortization	3.10	2.63	1.78	1.94	1.73	1.15	0.72	0.62	0.55
Deferred Income Tax	13.04	15.05	15.48	9.89	8.41	7.35	7.63	6.94	-4.74
Stock Based Compensation	0.08	0.35	0.90	1.47	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	122.50	229.86	12.44	-75.13	-134.29	113.71	-6.04	-38.95	65.35
Change in Other Working Capital	122.50	229.86	973.87	-76.67	-134.29	113.71	-6.04	-38.95	65.35
Other Operating Activities	-122.72	-14.93	-74.22	-76.67	-6.54	-2.02	-2.73	-1.59	-2.76
Net Cash from Operating Activities	150.40	272.71	-745.85	-32.65	-108.31	139.60	19.78	-14.90	77.88
Investing Activities
Capital Expenditures	-0.95	-18.58	-0.36	-0.58	-0.01	-0.25	-0.24	-0.99	-2.24
Acquisitions	0.00	-12.12	0.00	0.00	-7.47	0.00	0.00	0.00	-0.28
Purchases of Investments	-5.32	0.00	-27.78	-141.03	-0.95	0.00	0.00	-10.02	0.00
Sales/Maturities of Investments	218.53	0.00	0.00	0.00	0.00	10.00	0.00	0.26	9.59
Other Investing Activities	0.00	-126.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	212.26	-157.58	-28.14	-141.61	-8.44	9.76	-0.24	-10.76	7.07
Financing Activities
Debt Repayment	-0.37	-5.74	-0.70	-0.64	78.84	-24.89	-5.13	0.00	-14.81
Common Stock Issued	114.77	0.61	0.28	0.00	73.23	0.00	0.00	0.00	0.00
Common Stock Repurchased	-9.13	0.00	-13.29	-1.93	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-3.24	-3.59	-3.60	-3.73	-3.85	-4.28	-3.68	-3.04	-2.20
Other Financing Activities	0.00	-14.62	-0.70	-0.64	-16.81	-1.69	-1.37	-1.43	-1.99
Net Cash from Financing Activities	102.04	-23.33	823.25	-6.30	131.40	-30.85	-10.17	-4.47	-19.00
Summary
Effect of Forex Changes on Cash	-2.30	1.22	-5.60	-2.38	-0.78	0.00	0.00	0.00	0.00
Net Change in Cash	356.46	93.01	43.66	-180.57	13.88	118.50	9.36	-30.13	65.95
Cash at Beginning of Period	225.25	132.24	88.58	271.52	257.64	139.15	129.78	159.91	93.96
Cash at End of Period	581.71	225.25	132.24	88.58	271.52	257.64	139.15	129.78	159.91
Free Cash Flow	149.44	254.13	-746.21	-33.24	-108.32	139.35	19.54	-15.90	75.64
Supplemental Disclosures
Interest Paid	186.92	167.66	93.79	35.96	30.80	-	-	-	-
Income Taxes Paid	14.43	19.72	15.95	6.28	1.39	-	-	-	-

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

Frequently Asked Questions About VersaBank Cash Flow

What is VersaBank's free cash flow?

VersaBank generated free cash flow of CAD 149.44M in fiscal 2025 (fiscal year ended Oct 31, 2025), operating cash flow of CAD 150.40M minus CAD 954.00K of capital expenditures. That was down 41.2% from CAD 254.13M a year earlier. Free cash flow equaled 49.1% of revenue.

How much does VersaBank spend on capital expenditures?

VersaBank spent CAD 954.00K on capital expenditures in fiscal 2025, compared with CAD 18.58M a year earlier. That equals 0.6% of operating cash flow.

Does VersaBank pay dividends or buy back shares?

Yes. In fiscal 2025 VersaBank returned CAD 3.23M in dividends and CAD 9.13M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition