← VersaBank
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Total revenue | $54.2m |
$65.4m
+20.62%
|
$82.4m
+26.06%
|
$108.6m
+31.85%
|
$111.6m
+2.76%
|
$124.6m
+11.65%
|
$141.5m
+13.51%
|
|
| Revenue less provision for credit loss | $54.5m | $65.8m | $81.9m | $108.0m | $111.9m | $120.2m | — | |
| Non-interest income | $60k | $5.2m | $5.7m | $8.6m | $9.0m | $8.5m | $9.5m | |
| Net interest income | $54.1m |
$60.2m
+11.14%
|
$76.7m
+27.44%
|
$100.1m
+30.50%
|
$102.7m
+2.60%
|
$116.2m
+13.16%
|
$132.0m
+13.60%
|
|
| General and administrative | $8.4m | $11.1m | $18.7m | $15.1m | $19.2m | $33.7m | $86.1m | |
| Noninterest expense | $27.8m | $35.0m | $49.4m | $50.4m | $57.1m | $78.7m | $93.6m | |
| Interest expense | $32.0m | $29.3m | $50.2m | $129.3m | $182.8m | $179.5m | $183.8m | |
| Interest income | $86.1m | $89.5m | $126.8m | $229.3m | $285.4m | $295.7m | $315.7m | |
| Foreign exchange gain (loss) on translation of foreign operations | $0 | ($4k) | $103k | $32k | ($261k) | $692k | — | |
| Income before income taxes | $26.8m | $30.8m | $32.5m | $57.6m | $54.8m | $41.5m | $44.3m | |
| Income tax provision (note 16) | $7.3m | $8.4m | $9.9m | $15.5m | $15.0m | $13.0m | — | |
| 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%
|
|
| Basic and diluted income per common share (note 17) (in CAD per share) | $0.82 | $0.96 | $0.79 | $1.57 | $1.49 | $0.90 | — | |
| Credit assets | — | — | — | $215.7m | $264.9m | $273.5m | — | |
| Other | $2.9m | $1.4m | $3.6m | $13.6m | $20.5m | $22.1m | — | |
| Deposits and other | $31.5m | $26.4m | $44.6m | $123.5m | $177.1m | $174.0m | — | |
| Subordinated notes | $508k | $2.9m | $5.6m | $5.8m | $5.7m | $5.5m | — | |
| Provision for (recovery of) credit losses (note 6(b)) | ($344k) | ($438k) | $451k | $609k | ($268k) | $4.4m | — | |
| Salaries and benefits | $17.0m | $20.2m | $26.8m | $31.4m | $32.8m | $38.0m | — | |
| Premises and equipment | $2.5m | $3.7m | $3.9m | $3.9m | $5.2m | $7.0m | — | |
| Comprehensive income | $19.4m | $22.4m | $22.8m | $42.2m | $39.5m | $29.1m | — |