← VersaBank
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income | $19.4m |
$22.4m
+15.33%
|
$22.7m
+1.24%
|
$42.2m
+86.08%
|
$39.7m
-5.73%
|
$28.5m
-28.40%
|
$30.4m
+6.75%
|
|
| Amortization | $1.1m | $1.7m | $1.9m | $1.8m | $2.6m | $3.1m | $3.5m | |
| Stock-based compensation | — | $0 | $1.5m | $901k | $348k | $81k | $6k | |
| Impairment of assets | — | — | — | $0 | $415k | $0 | — | |
| Change in other assets and liabilities | $4.6m | $22.3m | $15.0m | $22.3m | $14.4m | $122.5m | — | |
| Purchase of property and equipment | ($245k) | ($14k) | ($581k) | ($362k) | ($18.6m) | ($954k) | ($5.9m) | |
| Dividends paid | ($4.3m) | ($3.8m) | ($3.7m) | ($3.6m) | ($3.6m) | ($3.2m) | ($3.2m) | |
| Cash, beginning of year | $257.6m | $271.5m | $88.6m | $132.2m | $225.3m | $581.7m | — | |
| Foreign exchange rate change on assets and liabilities | — | $743k | $9.5m | $10.5m | ($1.6m) | $3.1m | — | |
| Effect of exchange rate changes on cash | $0 | ($779k) | ($2.4m) | ($5.6m) | $1.2m | ($2.3m) | $3.0m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Provision for (recovery of) credit losses | ($344k) | ($322k) | $451k | $609k | ($268k) | $4.4m | — | |
| Income tax provision | $7.3m | $8.4m | $9.9m | $15.5m | $15.0m | $13.0m | — | |
| Interest income | ($86.1m) | ($89.5m) | ($126.8m) | ($229.3m) | ($285.4m) | ($295.7m) | — | |
| Interest expense | $32.0m | $29.3m | $50.2m | $129.3m | $182.8m | $179.5m | — | |
| Accretion of discount on securities | — | $0 | ($533k) | ($155k) | ($373k) | ($150k) | — | |
| Interest received | $83.4m | $85.4m | $116.0m | $220.8m | $276.9m | $293.4m | $307.4m | |
| Interest paid | ($30.9m) | ($30.8m) | ($36.0m) | ($93.8m) | ($167.7m) | ($186.9m) | ($177.3m) | |
| Income taxes paid | ($1.7m) | $0 | ($6.3m) | ($16.0m) | ($19.7m) | ($14.4m) | — | |
| Credit assets | ($57.4m) | ($443.7m) | ($880.5m) | ($850.4m) | ($307.8m) | ($829.8m) | — | |
| Deposits | $166.5m | $287.1m | $790.4m | $840.6m | $523.3m | $723.8m | — | |
| Cash flows from (used in) operating activities | $139.6m | ($108.3m) | ($32.7m) | $94.7m | $272.7m | $44.5m | $244.3m | |
| Acquisition of Stearns Bank Holdingford N.A., net of cash acquired | $0 | ($7.5m) | $0 | $0 | ($12.1m) | $0 | — | |
| Foreign exchange forward settlement | — | — | — | — | $0 | ($5.3m) | — | |
| Sale of securities | — | — | — | ($27.8m) | ($126.9m) | $218.5m | — | |
| Cash flows from (used in) investing activities | $9.8m | ($8.4m) | ($141.6m) | ($28.1m) | ($157.6m) | $212.3m | — | |
| Issuance of common shares, net of issue costs | $0 | $73.2m | $0 | — | $607k | $114.8m | — | |
| Purchase and cancellation of common shares | — | $0 | ($1.9m) | ($13.3m) | $0 | ($9.1m) | — | |
| Redemption of subordinated notes payable (note 12) | — | — | — | $0 | ($5.0m) | $0 | — | |
| Redemption of preferred shares (note 14) | $0 | ($16.8m) | $0 | $0 | ($14.6m) | $0 | — | |
| Repayment of lease obligations | ($355k) | ($621k) | ($642k) | ($700k) | ($736k) | ($367k) | — | |
| Cash flows from (used in) financing activities | ($30.9m) | $131.4m | ($6.3m) | ($17.3m) | ($23.3m) | $102.0m | — | |
| Change in cash | $118.5m | $14.7m | ($180.6m) | $49.3m | $91.8m | $358.8m | — |