VersaBank Financial Statements From 2010 to 2024

VersaBank Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 5.1 B 4.8 B 2.4 B Slightly volatile Short and Long Term Debt Total 67.1 M 127.2 M 65.8 M Slightly volatile Total Current Liabilities 10.6 M 11.1 M 50.2 M Very volatile Total Stockholder Equity 238.8 M 433.7 M 232.9 M Slightly volatile Property Plant And Equipment Net 8.1 M 11.5 M 7.7 M Slightly volatile Accounts Payable 10.6 M 11.1 M 50.2 M Very volatile Cash 172.6 M 152.1 M 157.6 M Very volatile Non Current Assets Total 226.3 M 215.5 M 86 M Slightly volatile Other Assets 4.7 B 4.4 B 2.2 B Slightly volatile Cash And Short Term Investments 172.6 M 152.1 M 157.6 M Very volatile Net Receivables 29.6 M 28.2 M 11.7 M Slightly volatile Common Stock Shares Outstanding 22.6 M 30.2 M 21.3 M Slightly volatile Liabilities And Stockholders Equity 5.1 B 4.8 B 2.4 B Slightly volatile Non Current Liabilities Total 121.7 M 128.1 M 255.2 M Slightly volatile Total Liabilities 4.6 B 4.4 B 2.2 B Slightly volatile Total Current Assets 181 M 180.3 M 166.7 M Pretty Stable Common Stock 180.5 M 247 M 166.7 M Slightly volatile Long Term Debt 165 M 122.9 M 145.9 M Pretty Stable Long Term Debt Total 173.8 M 270.9 M 165.8 M Slightly volatile Capital Surpluse 1.9 M 1.9 M 574.6 K Slightly volatile Property Plant Equipment 9.7 M 12.6 M 7.8 M Slightly volatile Earning Assets 814.8 K 857.7 K 6.3 M Pretty Stable Other Liabilities 7.3 M 10.1 M 6.4 M Slightly volatile Net Tangible Assets 285 M 393 M 245 M Slightly volatile Other Current Assets 192.7 M 180.3 M 155.7 M Slightly volatile Net Invested Capital 401.9 M 540.9 M 317.5 M Slightly volatile Long Term Investments 203.9 M 194.2 M 53.9 M Slightly volatile Capital Stock 235.8 M 262.7 M 201.7 M Slightly volatile Current Deferred Revenue 7.6 M 8.1 M 70.9 M Slightly volatile Capital Lease Obligations 4.5 M 4.3 M 3.5 M Slightly volatile Property Plant And Equipment Gross 23.5 M 25.2 M 20.7 M Slightly volatile Short Term Debt 628.4 K 661.5 K 6.1 M Slightly volatile Intangible Assets 2.6 M 2.5 M 3.4 M Slightly volatile
VersaBank Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Interest Expense 156.1 M 148.7 M 56.3 M Slightly volatile Selling General Administrative 29.4 M 53.5 M 28.7 M Slightly volatile Total Revenue 131.2 M 124.9 M 60.8 M Slightly volatile Gross Profit 131.2 M 124.9 M 60.8 M Slightly volatile Other Operating Expenses 61.6 M 58.6 M 21.6 M Slightly volatile Operating Income 49 M 66.3 M 46.3 M Slightly volatile EBIT 49 M 66.3 M 46.3 M Slightly volatile EBITDA 49.9 M 68.3 M 47.2 M Slightly volatile Income Before Tax 69.6 M 66.3 M 26.7 M Slightly volatile Net Income 50.9 M 48.5 M 20 M Slightly volatile Selling And Marketing Expenses 332.2 K 268.2 K 338.6 K Slightly volatile Net Income Applicable To Common Shares 18.4 M 24.9 M 14.2 M Slightly volatile Net Interest Income 69.2 M 115.1 M 59.2 M Slightly volatile Interest Income 136.4 M 263.7 M 115.1 M Slightly volatile Net Income From Continuing Ops 27.9 M 48.5 M 24.3 M Slightly volatile Reconciled Depreciation 1.6 M 2.1 M 1.1 M Slightly volatile
VersaBank Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 168.9 M 101.9 M 151.2 M Pretty Stable Net Income 50.9 M 48.5 M 20 M Slightly volatile End Period Cash Flow 172.6 M 152.1 M 157.6 M Very volatile Depreciation 1 M 2.1 M 1 M Slightly volatile Stock Based Compensation 984.3 K 1 M 21 M Pretty Stable Dividends Paid 3.5 M 4.1 M 2.9 M Slightly volatile Change To Netincome 21.6 M 20.6 M 8.9 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 1.25 1.32 2.8805 Slightly volatile Dividend Yield 0.0212 0.0152 0.0184 Very volatile PTB Ratio 0.84 0.83 0.7729 Slightly volatile Days Sales Outstanding 72.38 69.61 65.7927 Slightly volatile Book Value Per Share 8.16 12.92 10.2449 Slightly volatile Stock Based Compensation To Revenue 0.0042 0.0034 0.0096 Slightly volatile Capex To Depreciation 0.22 0.23 0.6041 Very volatile PB Ratio 0.84 0.83 0.7729 Slightly volatile ROIC 0.14 0.1 0.1304 Slightly volatile Net Income Per Share 1.52 1.44 0.8034 Slightly volatile Sales General And Administrative To Revenue 0.0691 0.0728 0.4695 Slightly volatile Capex To Revenue 0.0017 0.0018 0.0086 Pretty Stable Cash Per Share 8.71 5.79 7.8278 Pretty Stable Interest Coverage 0.49 0.51 1.1067 Slightly volatile Payout Ratio 0.0933 0.0982 0.1777 Slightly volatile ROE 0.0518 0.1 0.0662 Slightly volatile PE Ratio 7.05 7.42 15.3785 Slightly volatile Return On Tangible Assets 0.0056 0.0091 0.0071 Slightly volatile Earnings Yield 0.0743 0.14 0.0948 Slightly volatile Current Ratio 0.0407 0.0429 11.662 Slightly volatile Tangible Book Value Per Share 8.06 12.63 10.1079 Slightly volatile Receivables Turnover 4.74 5.43 5.8198 Pretty Stable Graham Number 21.51 20.49 13.5468 Slightly volatile Shareholders Equity Per Share 8.16 12.92 10.2449 Slightly volatile Debt To Equity 0.39 0.33 0.3477 Slightly volatile Capex Per Share 0.031 0.0158 0.0223 Very volatile Revenue Per Share 8.56 8.15 3.4961 Slightly volatile Interest Debt Per Share 5.62 10.34 5.4941 Pretty Stable Debt To Assets 0.0358 0.0292 0.0325 Slightly volatile Price Earnings Ratio 7.05 7.42 15.3785 Slightly volatile Price Book Value Ratio 0.84 0.83 0.7729 Slightly volatile Dividend Payout Ratio 0.0933 0.0982 0.1777 Slightly volatile Pretax Profit Margin 0.27 0.22 0.3268 Pretty Stable Ebt Per Ebit 0.21 0.35 0.2972 Slightly volatile Operating Profit Margin 0.26 0.28 0.8841 Slightly volatile Company Equity Multiplier 10.97 12.81 10.2219 Slightly volatile Long Term Debt To Capitalization 0.26 0.25 0.2418 Slightly volatile Total Debt To Capitalization 0.26 0.25 0.242 Slightly volatile Return On Capital Employed 0.0834 0.0794 0.0367 Slightly volatile Debt Equity Ratio 0.39 0.33 0.3477 Slightly volatile Ebit Per Revenue 0.26 0.28 0.8841 Slightly volatile Quick Ratio 0.0407 0.0429 13.1324 Slightly volatile Net Income Per E B T 0.62 0.66 0.7552 Very volatile Cash Ratio 0.0407 0.0429 11.2709 Slightly volatile Cash Conversion Cycle 3.6 K 4 K 4.4 K Slightly volatile Days Of Sales Outstanding 72.38 69.61 65.7927 Slightly volatile Free Cash Flow Operating Cash Flow Ratio 1.11 1.15 1.022 Slightly volatile Price To Book Ratio 0.84 0.83 0.7729 Slightly volatile Fixed Asset Turnover 22.57 21.49 9.8209 Slightly volatile Debt Ratio 0.0358 0.0292 0.0325 Slightly volatile Price Sales Ratio 1.25 1.32 2.8805 Slightly volatile Return On Assets 0.0056 0.009 0.0071 Slightly volatile Asset Turnover 0.0535 0.051 0.0302 Slightly volatile Net Profit Margin 0.21 0.16 0.2508 Pretty Stable Gross Profit Margin 0.8 0.9 0.9822 Slightly volatile Price Fair Value 0.84 0.83 0.7729 Slightly volatile Return On Equity 0.0518 0.1 0.0662 Slightly volatile
VersaBank Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 158.5 M 245 M 168.7 M Slightly volatile

VersaBank Fundamental Market Drivers

About VersaBank Financial Statements

Pair Trading with VersaBank

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VersaBank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VersaBank will appreciate offsetting losses from the drop in the long position's value.When determining whether VersaBank is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VersaBank Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Versabank Stock. Highlighted below are key reports to facilitate an investment decision about Versabank Stock:

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Please note, there is a significant difference between VersaBank's value and its price as these two are different measures arrived at by different means. Investors typically determine if VersaBank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VersaBank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.