Breakdown | |||||
TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
155.61M | 111.63M | 108.03M | 82.39M | 65.36M | 54.19M | Gross Profit |
202.31M | 111.63M | 238.53M | 82.39M | 65.36M | 54.19M | EBIT |
29.76M | 0.00 | 57.65M | 82.70M | 30.79M | 26.75M | EBITDA |
47.28M | 0.00 | 59.43M | 34.49M | 32.52M | 27.90M | Net Income Common Stockholders |
35.19M | 39.75M | 42.16M | 22.66M | 22.38M | 19.41M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
129.47M | 226.21M | 132.24M | 88.58M | 271.52M | 257.64M | Total Assets |
1.53B | 4.84B | 4.20B | 3.26B | 2.42B | 1.94B | Total Debt |
49.81M | 108.58M | 110.62M | 104.95M | 100.39M | 16.72M | Net Debt |
-79.65M | -116.67M | -21.62M | 16.37M | -171.14M | -240.93M | Total Liabilities |
1.44B | 4.44B | 3.82B | 2.92B | 2.08B | 1.69B | Stockholders Equity |
93.10M | 399.20M | 377.16M | 349.06M | 332.11M | 255.29M |
Cash Flow | Free Cash Flow | ||||
79.45M | 254.13M | 94.36M | -33.23M | -108.32M | 139.35M | Operating Cash Flow |
83.48M | 272.70M | 104.55M | -32.65M | -108.31M | 139.59M | Investing Cash Flow |
-74.36M | -157.58M | -28.14M | -141.61M | -8.44M | 9.76M | Financing Cash Flow |
272.70M | -23.33M | 823.25M | -6.30M | 131.40M | -30.85M |
VersaBank reported its first quarter 2025 financial results, showcasing the strength of its business model as it expands its RPP solution in the US market. The bank saw a 48% increase in net income compared to the previous quarter, despite a 4% decrease in total revenue from the same period last year. Significant improvements were noted in key financial metrics, including a 33% rise in return on average common equity and a 31% increase in the leverage ratio, indicating robust financial health and strategic growth.
VersaBank has declared a cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2025. This announcement underscores the bank’s commitment to providing shareholder value and reflects its strong financial position, bolstered by its innovative business model and recent market expansions.