VersaBank Balance Sheet Health
Financial Health criteria checks 5/6
VersaBank has total assets of CA$4.3B and total equity of CA$389.0M. Total deposits are CA$3.6B, and total loans are CA$4.0B earning a Net Interest Margin of 2.7%. It has insufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are CA$128.1M.
Key information
11.1x
Asset to equity ratio
2.7%
Net interest margin
| Total deposits | CA$3.64b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.4% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | CA$128.10m |
Recent financial health updates
Recent updates
VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 09
VersaBank (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 05VersaBank (TSE:VB) Has Announced A Dividend Of CA$0.025
Jun 10Increases to VersaBank's (TSE:VB) CEO Compensation Might Cool off for now
Apr 16What Type Of Shareholders Make Up VersaBank's (TSE:VB) Share Registry?
Mar 19David Taylor Is The President of VersaBank (TSE:VB) And They Just Picked Up 2.7% More Shares
Feb 12
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VBNK's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: VBNK has a low allowance for bad loans (16%).
Low Risk Liabilities: 93% 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 (92%).
Low Risk Deposits: VBNK's Loans to Deposits ratio (109%) is appropriate.
Level of Bad Loans: VBNK has an appropriate level of bad loans (0.4%).