VersaBank

TSX:VBNK Stock Report

Market Cap: CA$1.0b

VersaBank Future Growth

Future criteria checks 5/6

VersaBank is forecast to grow earnings and revenue by 62.8% and 27.5% per annum respectively while EPS is expected to grow by 60.5% per annum.

Key information

62.8%

Earnings growth rate

60.55%

EPS growth rate

Banks earnings growth4.7%
Revenue growth rate27.5%
Future return on equityn/a
Analyst coverage

Low

Last updated30 Jun 2026

Recent future growth updates

Analysis Article • Mar 08

VersaBank Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, VersaBank ( TSE:VBNK ) last week released its latest first-quarter, and things did not turn out so...
Analysis Article • Dec 12

VersaBank Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that VersaBank ( TSE:VBNK ) filed its annual result this time last week. The early...

Recent updates

Narrative Update • Jun 18

VBNK: Digital Asset Projects And Loan Program Changes Will Shape Share Outlook

Analysts have lifted their fair value estimate for VersaBank to CA$29 from CA$26, citing recent price target increases, solid Q2 results with stronger loan growth, an improved structured receivable program outlook, and emerging digital asset projects with turnkey solutions. Analyst Commentary Recent research on VersaBank highlights both enthusiasm around the bank's growth initiatives and some caution on how those plans translate into risk and valuation over time.
Narrative Update • Jun 03

VBNK: Stablecoin Custody Momentum Will Offset Pressure On Lending Margins

Analysts have lifted their CA$ price target on VersaBank from CA$23 to CA$26, citing Q1 revenue that topped estimates on healthy loan growth, a miss on net interest margins, and early traction from the bank's new stablecoin custody offering as key factors in the reassessment. What's in the News VersaBank has started a pilot of its new Real-Time Structured Receivable Program with FinanceIt Canada Inc., aiming to test functionality and operations on a limited scale before a broader rollout to partners in Canada and the US.
Narrative Update • May 09

VBNK: Weaker Lending Margins Will Limit Benefits Of New Custody Initiative

Analysts have raised their CA$13 price target on VersaBank to CA$14, citing Q1 revenue that exceeded estimates on healthy loan growth and early traction in the new stablecoin custody offering, even though net interest margins came in below expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the price target increase to CA$14 as recognition that stronger than expected Q1 revenue supports a higher valuation, even with some mixed operating metrics.
Narrative Update • Apr 23

VBNK: Loan Expansion And Stablecoin Custody Will Shape Balanced Return Outlook

Analysts have raised their CA$13 price target on VersaBank to CA$14 after Q1 revenue topped estimates, citing healthy loan growth and early traction from the bank's stablecoin custody initiative, even though net interest margins came in below expectations. Analyst Commentary Analysts are updating their views on VersaBank after the latest Q1 release, focusing on how the bank balances loan growth, margins and new fee-based opportunities like stablecoin custody.
Narrative Update • Apr 06

VBNK: Stablecoin Custody Fees Will Drive Future Earnings Upside

Analysts have raised their VersaBank price target to CA$14 from CA$13, citing Q1 revenue that exceeded estimates on healthy loan growth and early traction in the bank's new stablecoin custody offering. Analyst Commentary Bullish Takeaways Bullish analysts point to Q1 revenue topping estimates as evidence that VersaBank is executing on loan growth in a way that supports the higher CA$14 price target.
Narrative Update • Mar 23

VBNK: Stablecoin Custody Traction Will Drive Future Earnings Upside

Analysts have lifted their VersaBank price target to CA$14 from CA$13, citing Q1 revenue that topped estimates on healthy loan growth, a smaller net interest margin, and early traction from the bank's new stablecoin custody offering. Analyst Commentary Bullish Takeaways Bullish analysts view the higher CA$14 price target as a reflection of Q1 revenue that topped estimates, which they see as supportive of the current valuation framework.
Narrative Update • Mar 06

VBNK: Stablecoin Custody Progress Will Support Future Earnings Power

Analysts have lifted their fair value estimate for VersaBank to CA$23.00 from CA$19.00, citing Street research that points to healthy loan growth, resilient revenue performance and early traction in the bank's stablecoin custody initiative as key supports for the higher price target. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher fair value estimate as reflecting confidence that healthy loan growth can support VersaBank's earnings power over time, even with some pressure on net interest margins.
Analysis Article • Mar 08

VersaBank Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, VersaBank ( TSE:VBNK ) last week released its latest first-quarter, and things did not turn out so...
User avatar
New Narrative • Feb 02

US Expansion And Digital Initiatives Set To Boost Future Prospects

The U.S. acquisition and Receivable Purchase Program are expected to drive loan growth, higher net margins, and improved earnings.
Analysis Article • Dec 12

VersaBank Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that VersaBank ( TSE:VBNK ) filed its annual result this time last week. The early...

Earnings and Revenue Growth Forecasts

TSX:VBNK - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
10/31/202720781N/AN/A3
10/31/202615949N/AN/A3
4/30/202613830-1,071-1,065N/A
1/31/202612931-927-928N/A
10/31/202512028-680-679N/A
7/31/202511429-586-586N/A
4/30/202511031-385-382N/A
1/31/202511034-213-209N/A
10/31/202411239-269-251N/A
7/31/202411446-342-323N/A
4/30/202411446-501-484N/A
1/31/202411144-657-641N/A
10/31/202310841-746-746N/A
7/31/202310335-613-612N/A
4/30/20239731-861-860N/A
1/31/20238926-939-939N/A
10/31/20228222-824-823N/A
7/31/20227621-930-929N/A
4/30/20227121-588-588N/A
1/31/20226921-378-378N/A
10/31/20216621-395-395N/A
7/31/20216219-359-359N/A
4/30/20215818-207-207N/A
1/31/20215617-84-83N/A
10/31/20205517-27-27N/A
7/31/20205418100100N/A
4/30/202055187272N/A
1/31/20205418N/A-43N/A
10/31/20195418N/A58N/A
7/31/20195418N/A57N/A
4/30/20195317N/A-31N/A
1/31/20195317N/A11N/A
10/31/20185116N/A-75N/A
7/31/20184914N/A-79N/A
4/30/20184712N/A9N/A
1/31/2018459N/A35N/A
10/31/20174417N/A70N/A
7/31/20174316N/A-15N/A
4/30/20174216N/A2N/A
1/31/20174116N/A-61N/A
10/31/2016396N/A-91N/A
7/31/2016387N/A-88N/A
4/30/2016376N/A-143N/A
1/31/2016357N/A-160N/A
10/31/2015346N/A-189N/A
7/31/2015337N/A-166N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VBNK's forecast earnings growth (62.8% per year) is above the savings rate (3%).

Earnings vs Market: VBNK's earnings (62.8% per year) are forecast to grow faster than the Canadian market (11.1% per year).

High Growth Earnings: VBNK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VBNK's revenue (27.5% per year) is forecast to grow faster than the Canadian market (4.8% per year).

High Growth Revenue: VBNK's revenue (27.5% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if VBNK's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 07:20
End of Day Share Price 2026/07/03 00:00
Earnings2026/04/30
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VersaBank is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy SwitzerKeefe, Bruyette, & Woods
Joseph YanchunisRaymond James & Associates
Craig IrwinRoth Capital Partners