VersaBank Balance Sheet Health
Financial Health criteria checks 5/6
VersaBank has total assets of CA$4.4B and total equity of CA$400.1M. Total deposits are CA$3.7B, 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$199.9M.
Key information
11x
Asset to equity ratio
2.7%
Net interest margin
Total deposits | CA$3.69b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.4% |
Allowance for bad loans | Low |
Current ratio | Low |
Cash & equivalents | CA$199.86m |
Recent financial health updates
Recent updates
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 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 16Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VBNK's Assets to Equity ratio (11x) 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 (91%).
Low Risk Deposits: VBNK's Loans to Deposits ratio (108%) is appropriate.
Level of Bad Loans: VBNK has an appropriate level of bad loans (0.4%).