VersaBank
VBNK · Commercial Banks, NEC · EDGAR filings ↗
Grade
C58Small Canadian branchless bank with sub-par ROE and a double-digit earnings decline.
Strengths
- Strong net margin (22.8%) and FCF/OCF margins
- Clean controls; revenue grew 8.4%
Risks
- ROE just 5.3% (12th pct) and ROA 0.49% (32nd pct) — well below peer banks
- Net income fell 30%
- Low cash balance relative to sector
Notable findings
- Strong balance sheetStrong balance sheet — $418M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
22.8%
Return on equity
5.3%
Return on assets
0.5%
Revenue growth (QoQ)
11.0%
Net-income growth
-30.5%
Free cash flow
$31M
Tangible book value
$374M
Cash & investments
$418M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2025-12-10 | 2025-10-31 | 0001437749-25-037310 ↗ |
| 40-F | 2024-12-09 | 2024-10-31 | 0001437749-24-036917 ↗ |
| 40-F | 2023-12-13 | 2023-10-31 | 0001437749-23-034288 ↗ |
| 40-F | 2022-12-07 | 2022-10-31 | 0001437749-22-028604 ↗ |
| 40-F | 2022-01-28 | 2021-10-31 | 0001437749-22-001814 ↗ |