Versabank (TSE:VBNK)
TSX:VBNK
Earnings Data
Report Date
Jun 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong and broad-based growth: record assets, revenues, credit assets and adjusted earnings with material acceleration of the U.S. structured receivable program and validation of the digital asset custody strategy. Capital and margins improved while credit provisions remained de minimis. Offsetting factors include near-term reorganization and divestiture costs, higher-than-normal liquidity depressing NIM, and a cybersecurity unit that is loss-making in transition. Management expects these headwinds to be temporary and to be more than offset by operating leverage as SRP fundings scale, supporting a favorable medium-term outlook.Company Guidance
Strong Top-Line and Asset Growth
Total assets grew to over CAD 6.1 billion, up 24% year-over-year and 6% sequentially. Total consolidated revenue reached a record CAD 36.5 million, up 31% year-over-year and 4% sequentially.
Credit Asset and SRP Expansion
Credit assets reached a record CAD 5.33 billion (SRP portfolio CAD 4.4 billion). Credit assets were up 23% year-over-year, while the structured receivable program (SRP) increased 29% year-over-year and 9% sequentially. The bank completed over USD 200 million of additional SRP fundings in Q1 and is targeting at least USD 1 billion of new SRP fundings for fiscal 2026 (more than threefold growth vs 2025).
Strong Profitability and Adjusted Earnings Growth
Reported net income was CAD 11.1 million (EPS CAD 0.35). Excluding after-tax reorganization costs, adjusted net income was CAD 12.2 million (CAD 0.38 per share), representing a 49% increase year-over-year and 15% sequential growth.
Improving Operating Leverage in U.S. Operations
U.S. banking revenue was CAD 6.8 million (up 30% sequentially) and U.S. segment net income rose about 40% sequentially to CAD 2.8 million. Management expects U.S. operating efficiency to move into the low-20% range by year-end as SRP scaling continues.
Healthy Capital and Book Value
Book value per share set a record at CAD 16.93. Regulatory capital ratios remained strong with a CET1 ratio of 12.8% and a leverage ratio of 8.2%, both above internal targets.
Net Interest Margin and Credit Quality
Net interest margin on credit assets (ex-cash) was 2.64%, up 28 basis points year-over-year. Overall NIM was 2.25%, up 17 basis points year-over-year. Provision for credit losses was de minimis at 5 basis points of average credit assets (down from 11 bps in Q4 2025).
Progress on Digital Asset Strategy and Custody Win
VersaVault received SOC 2 Type 1 certification. Post-quarter the bank announced its first stablecoin custody customer, Stablecorp (QCAD), establishing a new revenue vector and validation of its custody technology; near-term monetization expected primarily via net interest margin (~50 basis points on deposits initially).
TSE:VBNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:VBNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | C$23.20 | C$21.14 | -8.88% |
Dec 10, 2025 | C$17.24 | C$17.83 | +3.42% |
Sep 04, 2025 | C$15.64 | C$16.42 | +4.98% |
Jun 04, 2025 | C$15.78 | C$14.72 | -6.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Versabank (TSE:VBNK) report earnings?
Versabank (TSE:VBNK) is schdueled to report earning on Jun 10, 2026, Before Open (Confirmed).
What is Versabank (TSE:VBNK) earnings time?
Versabank (TSE:VBNK) earnings time is at Jun 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:VBNK EPS forecast?
TSE:VBNK EPS forecast for the fiscal quarter 2026 (Q2) is 0.36.