VersaBank (VBNK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	342.3M	120.2M	111.6M	237.9M	132.5M
Cost of Revenue	195.4M	—	—	129.9M	50.6M
Gross Profit	147.0M	120.2M	111.6M	108.0M	81.9M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	63.8M	78.7M	52.0M	46.5M	45.5M
General & Admin Expense	51.7M	33.7M	52.0M	46.5M	45.5M
Selling & Marketing Expense	12.1M	45.0M	—	—	—
Other Expenses	33.6M	—	5.2M	3.9M	3.9M
Total Operating Expenses	97.4M	78.7M	57.1M	50.4M	49.4M
Cost and Expenses	292.7M	78.7M	57.1M	180.3M	100.0M
Operating Income (EBIT)	49.6M	41.5M	54.8M	57.6M	32.5M
Non-Operating
Interest Income	332.6M	295.7M	285.4M	229.3M	126.8M
Interest Expense	193.2M	179.5M	182.8M	129.3M	50.2M
Net Interest Income	139.4M	116.2M	102.7M	100.1M	76.7M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	49.6M	41.5M	54.8M	57.6M	32.5M
Income Tax Expense	15.6M	13.0M	15.0M	15.5M	9.9M
Bottom Line
Net Income	34.0M	28.5M	39.7M	42.2M	22.7M
Earnings from Cont. Ops	34.0M	28.5M	39.7M	42.2M	22.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	34.0M	28.5M	38.8M	41.2M	21.7M
Per Share
Basic EPS	$1.05	$0.90	$1.49	$1.57	$0.79
Diluted EPS	$1.05	$0.90	$1.49	$1.57	$0.79
Revenue Per Share	$14.88	$3.82	$4.30	$9.06	$4.83
Shares
Basic Shares Outstanding	23.0M	31.5M	26.0M	26.3M	27.4M
Diluted Shares Outstanding	23.0M	31.5M	26.0M	26.3M	27.4M
Profitability Metrics
EBITDA	52.4M	44.6M	57.4M	59.4M	34.5M
D&A	2.8M	3.1M	2.6M	1.8M	1.9M
EBIT	49.6M	41.5M	54.8M	57.6M	32.5M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jul 1, 2026