VersaBank (NASDAQ: VBNK) — Company Overview, News & Financial Data
VersaBank is a Canadian bank offering innovative, secure digital banking solutions, emphasizing cybersecurity in financial services.
VersaBank
VersaBank (TSX:VB), (NASDAQ:VBNK) is a Canadian bank that leverages technology to offer innovative and secure banking solutions. VersaBank focuses on digital and cyber security solutions to cater to the evolving needs of its clients, aiming to redefine banking through efficient, custom-tailored financial services. The bank's operations span from digital deposit taking and commercial lending to the development of proprietary technologies such as a high-security digital vault, emphasizing its commitment to security in the digitized financial landscape. VersaBank's objectives include expanding its footprint in digital banking, enhancing customer experiences through technology, and maintaining a strong emphasis on cybersecurity to protect client assets.
Snapshot
Operations
Products and/or services of VersaBank
- Digital deposit services, offering secure and flexible banking solutions for savings and investments.
- Direct banking services, providing clients with efficient, online-based banking experiences.
- Commercial lending, catering to businesses with customized financing solutions.
- e-Commerce solutions, facilitating secure online payment processing for merchants.
- Point-of-sale financing services, offering customers instant financing options at purchases.
- Cybersecurity solutions, ensuring secure digital banking experiences through advanced protection measures.
VersaBank executive team
- Susan Teresa McGovernInterim CEO & Vice Chair
- David Roy TaylorGroup President & Director
- John W. AsmaExecutive Vice President
- R. Shawn ClarkeChief Operating Officer of VersaBank USA
- Michael Richard DixonSenior Vice President
- Telemaco G. MatrundolaPresident of VersaBank USA & CEO of VersaBank USA
- Nicolas OspinaGlobal Chief Financial Officer
- Wooi KoayChief Information Officer
- Lawrence ChamberlainGlobal Senior Vice President of Investor & Stakeholder Relations
- Brent Tyler HodgeSenior VP, General Counsel & Corporate Secretary
Latest news about VersaBank
VersaBank revenue jumps to $38.8 million
United StatesVersaBank core profit climbs 45% on North American loan expansion
United StatesVersaBank to divest only U.S. retail branch in move toward fully digital model
United StatesVersaBank rockets to record Q1 profits on U.S. expansion momentum
United States
Dividend history
Dividends per share paid by VersaBank, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $0.0718 |
| FY2025 | — | — | — | $0.0709 |
| FY2024 | — | — | — | $0.0739 |
| FY2023 | — | — | — | $0.0740 |
| FY2022 | — | — | — | $0.0772 |
Key financials
Reported results for VersaBank, in CAD.
- Market cap
- 732M
- Revenue (TTM)
- 146.5M
- P/E ratio
- 29.7
- EPS (diluted, TTM)
- 0.8
- Dividend yield
- 0.1%
- Profit margin
- 23.1%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 120.2M | 41.5M | 28.5M | |
| 111.6M | 54.8M | 39.7M | |
| 237.9M | 57.6M | 42.2M | |
| 132.5M | 32.5M | 22.7M |