VersaBank Quarterly Profit Jumps On Loan Growth [MarketWatch]
VersaBank (VBNK)
Company Research
Source: MarketWatch
VersaBank, which is focused on business-to-business digital banking and cybersecurity services, recorded first-quarter net income of 12.7 million Canadian dollars ($9.3 million), or C$0.48 a share, up from C$9.4 million, or C$0.34, a year earlier. Advertisement Overall revenue for the three months to Jan. 31 was 11% higher at C$28.9 million, as net interest income rose 9.5% to C$26.7 million. The bank booked a provision for credit losses of C$29 million, up slightly on the prior quarter and C$3.4 million higher than in the same period of fiscal 2023. VersaBank said its credit-loss provision as a percentage of average loans remained among the lowest of Canada's publicly traded, federally licensed banks. President and Chief Executive David Taylor said 2024 is unfolding slightly ahead of expectations for the bank's point-of-sale receivable purchase program, setting up VersaBank to surpass the next total asset milestone of C$5 billion during the 2024 fiscal year from a record hig
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VBNK
News
- VersaBank (TSE:VBNK) stock most popular amongst private companies who own 33%, while individual investors hold 28% [Yahoo! Finance]Yahoo! Finance
- VERSABANK ANNOUNCES THE RESULTS OF ITS 2024 MEETING OF SHAREHOLDERS [Yahoo! Finance]Yahoo! Finance
- VERSABANK ANNOUNCES THE RESULTS OF ITS 2024 MEETING OF SHAREHOLDERSPR Newswire
- VERSABANK'S 2024 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 17, 2024 - MEETING WILL ALSO BE LIVE STREAMED [Yahoo! Finance]Yahoo! Finance
- VERSABANK'S 2024 ANNUAL AND SPECIAL MEETING TO BE HELD ON APRIL 17, 2024 - MEETING WILL ALSO BE LIVE STREAMEDPR Newswire
VBNK
Earnings
- 3/6/24 - Beat
VBNK
Sec Filings
- 4/18/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/14/24 - Form 6-K
- VBNK's page on the SEC website