VersaBank Future Growth
Future criteria checks 5/6
VersaBank is forecast to grow earnings and revenue by 55.9% and 26.9% per annum respectively. EPS is expected to grow by 55.5% per annum. Return on equity is forecast to be 15.5% in 3 years.
Key information
55.9%
Earnings growth rate
55.47%
EPS growth rate
| Banks earnings growth | 6.2% |
| Revenue growth rate | 26.9% |
| Future return on equity | 15.55% |
| Analyst coverage | Low |
| Last updated | 03 Sep 2026 |
Recent future growth updates
Analysis Article • Sep 06
VersaBank Just Missed Earnings - But Analysts Have Updated Their Models
The analysts might have been a bit too bullish on VersaBank ( TSE:VBNK ), given that the company fell short of...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...Recent updates
Analysis Article • Sep 06
VersaBank Just Missed Earnings - But Analysts Have Updated Their Models
The analysts might have been a bit too bullish on VersaBank ( TSE:VBNK ), given that the company fell short of...
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...
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
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 10/31/2028 | 258 | 113 | N/A | N/A | 1 |
| 10/31/2027 | 215 | 89 | N/A | N/A | 3 |
| 10/31/2026 | 156 | 42 | N/A | N/A | 3 |
| 7/31/2026 | 146 | 34 | -1,274 | -1,268 | N/A |
| 4/30/2026 | 138 | 30 | -1,071 | -1,065 | N/A |
| 1/31/2026 | 129 | 31 | -927 | -928 | N/A |
| 10/31/2025 | 120 | 28 | -680 | -679 | N/A |
| 7/31/2025 | 114 | 29 | -586 | -586 | N/A |
| 4/30/2025 | 110 | 31 | -385 | -382 | N/A |
| 1/31/2025 | 110 | 34 | -213 | -209 | N/A |
| 10/31/2024 | 112 | 39 | -269 | -251 | N/A |
| 7/31/2024 | 114 | 46 | -342 | -323 | N/A |
| 4/30/2024 | 114 | 46 | -501 | -484 | N/A |
| 1/31/2024 | 111 | 44 | -657 | -641 | N/A |
| 10/31/2023 | 108 | 41 | -746 | -746 | N/A |
| 7/31/2023 | 103 | 35 | -613 | -612 | N/A |
| 4/30/2023 | 97 | 31 | -861 | -860 | N/A |
| 1/31/2023 | 89 | 26 | -939 | -939 | N/A |
| 10/31/2022 | 82 | 22 | -824 | -823 | N/A |
| 7/31/2022 | 76 | 21 | -930 | -929 | N/A |
| 4/30/2022 | 71 | 21 | -588 | -588 | N/A |
| 1/31/2022 | 69 | 21 | -378 | -378 | N/A |
| 10/31/2021 | 66 | 21 | -395 | -395 | N/A |
| 7/31/2021 | 62 | 19 | -359 | -359 | N/A |
| 4/30/2021 | 58 | 18 | -207 | -207 | N/A |
| 1/31/2021 | 56 | 17 | -84 | -83 | N/A |
| 10/31/2020 | 55 | 17 | -27 | -27 | N/A |
| 7/31/2020 | 54 | 18 | 100 | 100 | N/A |
| 4/30/2020 | 55 | 18 | N/A | 72 | N/A |
| 1/31/2020 | 54 | 18 | N/A | -43 | N/A |
| 10/31/2019 | 54 | 18 | N/A | 58 | N/A |
| 7/31/2019 | 54 | 18 | N/A | 57 | N/A |
| 4/30/2019 | 53 | 17 | N/A | -31 | N/A |
| 1/31/2019 | 53 | 17 | N/A | 11 | N/A |
| 10/31/2018 | 51 | 16 | N/A | -75 | N/A |
| 7/31/2018 | 49 | 14 | N/A | -79 | N/A |
| 4/30/2018 | 47 | 12 | N/A | 9 | N/A |
| 1/31/2018 | 45 | 9 | N/A | 35 | N/A |
| 10/31/2017 | 44 | 17 | N/A | 70 | N/A |
| 7/31/2017 | 43 | 16 | N/A | -15 | N/A |
| 4/30/2017 | 42 | 16 | N/A | 2 | N/A |
| 1/31/2017 | 41 | 16 | N/A | -61 | N/A |
| 10/31/2016 | 39 | 6 | N/A | -91 | N/A |
| 7/31/2016 | 38 | 7 | N/A | -88 | N/A |
| 4/30/2016 | 37 | 6 | N/A | -143 | N/A |
| 1/31/2016 | 35 | 7 | N/A | -160 | N/A |
| 10/31/2015 | 34 | 6 | N/A | -189 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VBNK's forecast earnings growth (55.9% per year) is above the savings rate (3.1%).
Earnings vs Market: VBNK's earnings (55.9% per year) are forecast to grow faster than the Canadian market (11.4% per year).
High Growth Earnings: VBNK's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VBNK's revenue (26.9% per year) is forecast to grow faster than the Canadian market (4.4% per year).
High Growth Revenue: VBNK's revenue (26.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VBNK's Return on Equity is forecast to be low in 3 years time (15.5%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 09:26 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/07/31 |
| Annual Earnings | 2025/10/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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.
| Analyst | Institution |
|---|---|
| Timothy Switzer | Keefe, Bruyette, & Woods |
| Joseph Yanchunis | Raymond James & Associates |
| Craig Irwin | Roth Capital Partners |