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About the company
VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. It also offers tax-free savings accounts, guaranteed investment certificates, and registered retirement savings plans.
- Revenue in CAD (TTM)249.07m
- Net income in CAD44.46m
- Incorporated1979
- Employees119.00
- LocationVersaBank140 Fullarton St Suite 2002LONDON N6A 5P2CanadaCAN
- Phone+1 (519) 645-1919
- Fax+1 (519) 675-4219
- Websitehttps://www.versabank.com/
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Marshall Bancorp Inc | 143.11m | 4.19m | 331.92m | 133.00 | 78.81 | 1.03 | 68.35 | 7.31 | 0.2157 | 0.2157 | 2.35 | 16.51 | -- | -- | -- | -- | 0.1329 | -- | -- | -- | -- | -- | 9.25 | -- | -- | -- | -- | -- | 19.87 | -- | -83.77 | -- | -- | -- |
| Waterstone Financial Inc | 143.09m | 14.08m | 333.89m | 698.00 | 23.99 | 0.7292 | 18.38 | 1.85 | 0.5161 | 0.5161 | 6.67 | 16.98 | -- | -- | -- | -- | 0.4717 | 2.07 | -- | -- | -- | -- | 7.80 | 20.98 | -- | -- | -- | 61.31 | 41.23 | 6.12 | -51.89 | -21.15 | -29.30 | 9.34 |
| Coop Pank AS | 196.14m | 57.86m | 334.98m | 396.00 | 5.91 | 1.15 | 5.15 | 1.71 | 0.3733 | 0.3733 | 1.27 | 1.91 | 0.0712 | -- | 135.69 | 333,583.30 | 2.10 | 1.52 | 15.78 | 12.31 | -- | -- | 29.50 | 29.78 | -- | 1.85 | 0.9002 | 18.88 | 100.28 | 42.33 | 92.65 | 52.50 | 23.80 | -- |
| LINKBANCORP Inc | 124.91m | -6.44m | 337.48m | 342.00 | -- | 0.9162 | -- | 4.08 | -0.2498 | -0.2498 | 2.61 | 7.18 | -- | -- | -- | -- | -0.2344 | -- | -- | -- | -- | -- | -7.77 | -- | -- | -- | -- | -- | 61.93 | -- | -313.79 | -- | -- | -- |
| HS Holdings Co Ltd | 433.89m | 82.79m | 338.94m | 5.37k | 3.04 | 0.3961 | 2.92 | 0.7812 | 311.19 | 311.19 | 1,628.17 | 2,388.08 | 0.1377 | 15.05 | 0.3402 | -- | 3.19 | 2.16 | 11.64 | 11.20 | 36.80 | 53.66 | 23.20 | 17.08 | 2.48 | -- | 0.0155 | 5.70 | -36.17 | -2.64 | -16.79 | 9.69 | -22.80 | 0.00 |
| VersaBank | 249.07m | 44.46m | 340.25m | 119.00 | 7.64 | 0.904 | 7.34 | 3.05 | 1.71 | 1.71 | 4.29 | 14.98 | -- | -- | -- | -- | 1.16 | 1.02 | -- | -- | -- | -- | 40.73 | 34.79 | -- | -- | -- | 9.43 | 80.84 | 23.17 | 90.00 | 21.00 | -18.28 | 27.23 |
| Bank of Marin Bancorp | 191.24m | 18.37m | 343.89m | 329.00 | 18.44 | 0.5736 | 15.43 | 2.50 | 0.8339 | 0.8339 | 6.25 | 26.81 | -- | -- | -- | -- | 0.3386 | 0.9522 | -- | -- | -- | -- | 13.33 | 28.74 | -- | -- | -- | 41.63 | 7.27 | 7.97 | -57.29 | -9.42 | 14.03 | 9.51 |
| MBH Jelzalogbank Nyrt | 235.92m | 25.62m | 347.11m | 17.00 | 13.52 | 1.15 | 13.37 | 6.99 | 61.56 | 61.56 | 119.33 | 722.54 | -- | -- | -- | -- | 0.7745 | 0.4405 | -- | -- | -- | -- | 51.59 | 39.10 | -- | -- | -- | 0.00 | 87.95 | 44.63 | 267.92 | 2.15 | -1.11 | -- |
| Pioneer Bancorp Inc | 115.11m | 21.74m | 354.88m | 243.00 | 15.83 | 0.8945 | 14.01 | 3.43 | 0.6284 | 0.6284 | 2.99 | 11.12 | -- | -- | -- | -- | 0.8235 | 0.5433 | -- | -- | -- | -- | 21.00 | 14.04 | -- | -- | -- | -- | 62.02 | 8.85 | 113.52 | 11.56 | -43.76 | -- |
| Holder | Shares | % Held |
|---|---|---|
| AllianceBernstein LPas of 31 Dec 2023 | 1.61m | 6.20% |
| CIBC World Markets, Inc.as of 31 Mar 2024 | 1.24m | 4.79% |
| Mendon Capital Advisors Corp.as of 31 Dec 2023 | 630.77k | 2.43% |
| Curi RMB Capital LLCas of 31 Mar 2024 | 513.55k | 1.98% |
| Hillsdale Investment Management, Inc.as of 31 Mar 2024 | 408.79k | 1.57% |
| Orchard Capital Management LLCas of 31 Jan 2024 | 284.20k | 1.10% |
| John W. Rosenthal Capital Management, Inc.as of 31 Mar 2024 | 233.23k | 0.90% |
| Cox Capital Management LLCas of 31 Mar 2024 | 195.65k | 0.75% |
| Wellington Management Co. LLPas of 31 Mar 2024 | 151.88k | 0.59% |
| 1832 Asset Management LPas of 31 Dec 2023 | 140.77k | 0.54% |
