VersaBank

NasdaqGS:VBNK Stock Report

Market Cap: US$698.9m

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 growth8.2%
Revenue growth rate27.5%
Future return on equityn/a
Analyst coverage

Low

Last updated09 Jul 2026

Recent future growth updates

Recent updates

Seeking Alpha • Jun 02

VersaBank: A Quiet Winner

Summary VersaBank is rated a long-term buy due to its unique, low-credit-loss business model and efficient branchless operations. VBNK's US Structured Receivable Program (SRP) is expected to drive significant earnings growth, with higher net interest margins than Canadian operations. The US SRP is projected to reach $1B USD by fiscal 2026, supporting efficiency ratios as low as 25% and robust asset growth. Key risks include potential NIM compression and capital ratio declines, but current metrics and management execution support the bullish thesis. Read the full article on Seeking Alpha
Seeking Alpha • Jan 04

VersaBank: High ROE, High Growth And Low Risk

Summary VersaBank in 2025 is at the cusp of rapid growth and delivering high ROE whilst maintaining a low-risk business model. The U.S. expansion aims to replicate Canadian success in the much larger U.S. POS segment. VersaBank is also adding capital-light income streams from syndicated fees and CMHC-insured loans. The ROE trajectory of the bank should exceed 20% and the valuation multiples could re-rate accordingly. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS: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 (3.5%).

Earnings vs Market: VBNK's earnings (62.8% per year) are forecast to grow faster than the US market (18.2% 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 US market (13% 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 Analysis2026/07/13 22:30
End of Day Share Price 2026/07/13 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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