VersaBank Historical Income Statement

VBNK Stock

USD 17.59 0.47 2.75%

Historical analysis of VersaBank income statement accounts such as Interest Expense of 156.1 M, Selling General Administrative of 26.7 M, Total Revenue of 130.4 M or Gross Profit of 131.2 M can show how well VersaBank performed in making a profits. Evaluating VersaBank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of VersaBank's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining VersaBank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether VersaBank is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.

About VersaBank Income Statement Analysis

VersaBank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to VersaBank shareholders. The income statement also shows VersaBank investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

VersaBank Income Statement Chart

At this time, VersaBank's Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 69.6 M this year, although the value of Tax Provision will most likely fall to about 10.2 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts VersaBank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of VersaBank minus its cost of goods sold. It is profit before VersaBank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of VersaBank. It is also known as VersaBank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from VersaBank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into VersaBank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.At this time, VersaBank's Operating Income is quite stable compared to the past year. EBIT is expected to rise to about 69.6 M this year, although the value of Tax Provision will most likely fall to about 10.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	82.4M	108.6M	124.9M	131.2M
Total Revenue	82.4M	108.0M	124.2M	130.4M

Gross Profit Total Revenue

VersaBank income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Tax Provision	Net Interest Income	Interest Income	Net Income From Continuing Ops	Reconciled Depreciation	Selling And Marketing Expenses	Cost Of Revenue
Interest Expense		-0.22	0.92	0.92	0.85	0.67	0.67	0.67	0.81	0.9	0.76	0.89	0.85	0.57	0.85	0.85	0.99	0.85	0.67	-0.8	0.79
Selling General Administrative	-0.22		0.11	0.1	-0.3	0.42	0.42	0.42	-0.44	0.03	-0.21	0.02	0.04	0.34	-0.19	-0.09	-0.27	-0.27	0.34	0.02	-0.18
Total Revenue	0.92	0.11		1.0	0.81	0.87	0.87	0.87	0.55	0.99	0.81	0.98	0.92	0.78	0.84	0.86	0.91	0.82	0.84	-0.74	0.73
Gross Profit	0.92	0.1	1.0		0.81	0.86	0.86	0.87	0.56	0.99	0.81	0.98	0.92	0.77	0.84	0.86	0.91	0.82	0.84	-0.75	0.73
Other Operating Expenses	0.85	-0.3	0.81	0.81		0.49	0.49	0.5	0.5	0.86	0.93	0.83	0.85	0.57	0.74	0.71	0.88	0.76	0.65	-0.7	0.69
Operating Income	0.67	0.42	0.87	0.86	0.49		1.0	1.0	0.37	0.84	0.51	0.82	0.82	0.77	0.67	0.73	0.63	0.62	0.8	-0.52	0.51
Ebit	0.67	0.42	0.87	0.86	0.49	1.0		1.0	0.37	0.84	0.51	0.82	0.82	0.77	0.67	0.73	0.63	0.62	0.8	-0.52	0.51
Ebitda	0.67	0.42	0.87	0.87	0.5	1.0	1.0		0.37	0.85	0.52	0.82	0.83	0.78	0.68	0.73	0.63	0.62	0.81	-0.52	0.51
Total Operating Expenses	0.81	-0.44	0.55	0.56	0.5	0.37	0.37	0.37		0.52	0.3	0.51	0.49	0.18	0.63	0.63	0.76	0.63	0.28	-0.57	0.57
Income Before Tax	0.9	0.03	0.99	0.99	0.86	0.84	0.84	0.85	0.52		0.87	0.99	0.93	0.75	0.83	0.84	0.91	0.82	0.81	-0.73	0.72
Total Other Income Expense Net	0.76	-0.21	0.81	0.81	0.93	0.51	0.51	0.52	0.3	0.87		0.86	0.8	0.59	0.7	0.66	0.82	0.73	0.64	-0.62	0.62
Net Income	0.89	0.02	0.98	0.98	0.83	0.82	0.82	0.82	0.51	0.99	0.86		0.87	0.72	0.82	0.82	0.9	0.81	0.78	-0.73	0.72
Income Tax Expense	0.85	0.04	0.92	0.92	0.85	0.82	0.82	0.83	0.49	0.93	0.8	0.87		0.75	0.78	0.79	0.83	0.77	0.8	-0.67	0.66
Depreciation And Amortization	0.57	0.34	0.78	0.77	0.57	0.77	0.77	0.78	0.18	0.75	0.59	0.72	0.75		0.79	0.83	0.54	0.75	0.98	-0.26	0.46
Tax Provision	0.85	-0.19	0.84	0.84	0.74	0.67	0.67	0.68	0.63	0.83	0.7	0.82	0.78	0.79		0.99	0.83	0.99	0.81	-0.44	0.72
Net Interest Income	0.85	-0.09	0.86	0.86	0.71	0.73	0.73	0.73	0.63	0.84	0.66	0.82	0.79	0.83	0.99		0.82	0.98	0.85	-0.46	0.72
Interest Income	0.99	-0.27	0.91	0.91	0.88	0.63	0.63	0.63	0.76	0.91	0.82	0.9	0.83	0.54	0.83	0.82		0.84	0.64	-0.82	0.8
Net Income From Continuing Ops	0.85	-0.27	0.82	0.82	0.76	0.62	0.62	0.62	0.63	0.82	0.73	0.81	0.77	0.75	0.99	0.98	0.84		0.77	-0.44	0.72
Reconciled Depreciation	0.67	0.34	0.84	0.84	0.65	0.8	0.8	0.81	0.28	0.81	0.64	0.78	0.8	0.98	0.81	0.85	0.64	0.77		-0.4	0.54
Selling And Marketing Expenses	-0.8	0.02	-0.74	-0.75	-0.7	-0.52	-0.52	-0.52	-0.57	-0.73	-0.62	-0.73	-0.67	-0.26	-0.44	-0.46	-0.82	-0.44	-0.4		-0.8
Cost Of Revenue	0.79	-0.18	0.73	0.73	0.69	0.51	0.51	0.51	0.57	0.72	0.62	0.72	0.66	0.46	0.72	0.72	0.8	0.72	0.54	-0.8

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VersaBank Account Relationship Matchups

VersaBank income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	32.0M	29.3M	50.2M	129.3M	148.7M	156.1M
Selling General Administrative	25.3M	31.4M	45.5M	15.1M	17.3M	26.7M
Total Revenue	54.2M	65.4M	82.4M	108.0M	124.2M	130.4M
Gross Profit	54.2M	65.4M	82.4M	108.6M	124.9M	131.2M
Other Operating Expenses	27.4M	34.6M	307K	50.4M	57.9M	60.8M
Operating Income	26.8M	30.8M	82.7M	57.6M	66.3M	69.6M
Ebit	26.8M	30.8M	82.7M	57.6M	66.3M	69.6M
Ebitda	27.9M	32.5M	84.6M	59.4M	68.3M	71.8M
Total Operating Expenses	(27.4M)	(34.6M)	307K	50.4M	45.3M	47.6M
Income Before Tax	26.8M	30.8M	32.5M	57.6M	66.3M	69.6M
Total Other Income Expense Net	26.8M	30.8M	(50.2M)	57.6M	66.3M	69.6M
Net Income	19.4M	22.4M	22.7M	42.2M	48.5M	50.9M
Income Tax Expense	7.3M	8.4M	9.9M	15.5M	17.8M	18.7M
Depreciation And Amortization	1.1M	1.7M	1.9M	1.8M	2.1M	1.1M
Net Income Applicable To Common Shares	17.2M	20.8M	21.7M	41.2M	47.4M	23.9M
Tax Provision	7.3M	8.4M	9.9M	15.5M	17.8M	10.2M
Net Interest Income	54.1M	60.2M	76.7M	100.1M	115.1M	72.7M
Interest Income	86.1M	89.5M	76.7M	229.3M	263.7M	276.9M
Net Income From Continuing Ops	19.4M	22.4M	22.7M	42.2M	48.5M	26.6M
Reconciled Depreciation	1.1M	1.7M	1.9M	1.8M	2.1M	1.5M

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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:

How To Invest In VersaBank

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Is VersaBank Stock a good investment?

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What is VersaBank's Net Worth?

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Largest Regional Banks Companies

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For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.

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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of VersaBank. If investors know VersaBank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about VersaBank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.04)

Dividend Share

0.1

Earnings Share

1.26

Revenue Per Share

4.385

Quarterly Revenue Growth

0.012

The market value of VersaBank is measured differently than its book value, which is the value of VersaBank that is recorded on the company's balance sheet. Investors also form their own opinion of VersaBank's value that differs from its market value or its book value, called intrinsic value, which is VersaBank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VersaBank's market value can be influenced by many factors that don't directly affect VersaBank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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.

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VersaBank Historical Income Statement

About VersaBank Income Statement Analysis

VersaBank Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

VersaBank income statement Correlations

VersaBank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

VersaBank income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Interest Income	+ 0.99	Interest Expense
Income Before Tax	+ 0.99	Total Revenue

Selling And Marketing Expenses	- 0.82	Interest Income
Cost Of Revenue	- 0.8	Selling And Marketing Expenses
Selling And Marketing Expenses	- 0.8	Interest Expense
Selling And Marketing Expenses	- 0.75	Gross Profit
Selling And Marketing Expenses	- 0.74	Total Revenue
Selling And Marketing Expenses	- 0.73	Net Income