VersaBank Balance Sheet Health
Financial Health criteria checks 6/6
VersaBank has total assets of CA$4.8B and total equity of CA$399.2M. Total deposits are CA$4.1B, and total loans are CA$4.2B. It earns a Net Interest Margin of 2.3%. It has sufficient allowance for bad loans, which are currently at 0% of total loans. Cash and short-term investments are CA$225.3M.
Key information
12.1x
Asset to equity ratio
2.3%
Net interest margin
| Total deposits | CA$4.07b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.002% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | CA$225.27m |
Recent financial health updates
No updates
Recent updates
VersaBank Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
Dec 12
Analyst Estimates: Here's What Brokers Think Of VersaBank (TSE:VBNK) After Its Second-Quarter Report
Jun 08VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 09VersaBank (TSE:VBNK) Has Announced A Dividend Of CA$0.025
Jun 27VersaBank's (TSE:VBNK) Dividend Will Be CA$0.025
Mar 20VersaBank (TSE:VBNK) Will Pay A Dividend Of CA$0.025
Jun 05Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VBNK's Assets to Equity ratio (12.1x) is moderate.
Allowance for Bad Loans: VBNK has a sufficient allowance for bad loans (4857%).
Low Risk Liabilities: 92% of VBNK's liabilities are made up of primarily low risk sources of funding.
Loan Level: VBNK has an appropriate level of Loans to Assets ratio (87%).
Low Risk Deposits: VBNK's Loans to Deposits ratio (104%) is appropriate.
Level of Bad Loans: VBNK has an appropriate level of bad loans (0%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 05:32 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/10/31 |
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 here.
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Industry and Sector Metrics
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Analyst Sources
VersaBank is covered by 6 analysts. 4 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 |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |
| Dylan Steuart | iA Capital Markets |
| Timothy Switzer | Keefe, Bruyette, & Woods |