VersaBank

NASDAQ•VBNK

CEO: Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., MBA, PPL

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2021-08-27

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers cybersecurity services. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

Contact Information

140 Fullarton Street, Suite 2002, London, ON, N6A 5P2, Canada

519-645-1919

www.versabank.com

Market Cap

$429.09M

P/E (TTM)

18.8

14.1

Dividend Yield

0.5%

52W High

$17.47

52W Low

$8.51

52W Range

54%

Rank56Top 81.7%

2.5

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$60.55M+0.00%

4-Quarter Trend

EPS

$0.25+0.00%

4-Quarter Trend

FCF

-$44.07M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Annual Report Filing Complete Form 40-F filed for FYE October 31, 2025, including AIF and Audited Statements.

Share Count Confirmed Total outstanding common shares reported at 31,945,535 as of the fiscal year end date.

Internal Controls Effective Management assessment confirmed effective design and operation of disclosure controls as of October 31, 2025.

Dual Exchange Listing Common shares trade on Nasdaq Global Select Market and Toronto Stock Exchange under VBNK symbol.

Risk Factors

Foreign Issuer Disclosure Differences Canadian disclosure requirements differ from US GAAP; reliance on foreign standards noted in filing.

Governance Rule Deviations Bank follows TSX rules instead of several Nasdaq requirements regarding director independence and committees.

ICFR Attestation Exempt Exempt from providing auditor attestation report on internal controls due to EGC status under JOBS Act.

Forward-Looking Statements Risk Results may vary from projections; investors must review risks detailed in the Annual Information Form exhibit.

Outlook

Compliance Undertakings Maintained Bank undertakes to furnish information promptly to SEC staff upon request regarding securities filings.

Iran Sanctions Compliance Maintains robust economic sanctions compliance program, reporting no Iran-related activities for fiscal year 2025.

Governance Policy Adherence No waivers granted from the Code of Conduct provisions during the past fiscal year period.

Financial Data Incorporated Key financial analysis resides in referenced exhibits (MD&A, Financial Statements) for full review.

Peer Comparison

Revenue (TTM)

KRNY

$343.87M

-1.6%

FBIZ

$279.25M

+6.4%

CARE

$251.68M

+5.0%

Gross Margin (Latest Quarter)

BSRR

79.3%

+0.0pp

CWBC

74.7%

+6.1pp

HBCP

71.3%

+5.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
HBCP	$466.73M	10.0	11.0%	1.7%
KRNY	$448.35M	13.8	4.3%	26.1%
CARE	$438.86M	13.8	7.6%	3.7%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

5.6%

Steady Growth

4Q Net Income CAGR

10.0%

Profitability Improving

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:Jun 3, 2026

EPS:$0.29

Revenue:$36.59M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data