The earnings call highlighted significant achievements such as record revenue, asset growth, and an increase in net interest margin. However, this was tempered by the impacts of foreign exchange losses, costs from structural realignment, and a decline in cybersecurity revenue. The positive elements are significant, but the lowlights are notable and impactful.

Company Guidance

In the call discussing VersaBank's second quarter fiscal 2025 financial results, several key metrics and strategic initiatives were highlighted. The bank achieved record total assets of over $5 billion, a 15% increase year-over-year, and record credit assets of $4.52 billion. The U.S. Receivable Purchase Program (RPP) saw its portfolio surpass USD 70 million, with expectations to reach at least USD 290 million by year-end. Total consolidated revenue reached a record $30.1 million, up 6% from the previous year, driven by an expansion of the net interest margin (NIM), which increased by 23 basis points. Earnings per share, excluding certain items, were $0.28. The bank's Canadian operations continued to be the primary revenue driver, while U.S. operations experienced a 22% sequential revenue increase. VersaBank also announced a structural realignment to align with the U.S. bank framework, anticipating cost reductions and risk mitigation. The bank's CET1 ratio rose to 14.28%, and they anticipate further growth in their core earnings due to ongoing positive trends in credit assets and net interest margins.

Record Revenue and Asset Growth

VersaBank reported record total assets of over $5 billion, a 15% year-over-year increase, and record consolidated revenue of $30.1 million, up 6% year-over-year and 8% sequentially.

Expansion of Net Interest Margin

Net interest margin on credit assets increased 23 basis points sequentially, driven by favorable trends including the replacement of maturing higher interest rate term deposits with lower rate ones.

Strong U.S. Receivable Purchase Program Performance

The U.S. RPP portfolio surpassed USD 70 million in drawdowns by the end of the quarter, contributing to the growth in credit assets.

Canadian Residential Construction Loan Portfolio Growth

There was growth in the Canadian residential construction loan portfolio, contributing to the overall increase in credit assets.

Increase in Book Value Per Share

Book value per share increased to a record $16.25, indicating an increase in shareholder equity.

Versabank (VBNK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VBNK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2025 (Q3)	0.24 / -	0.262	―	―	―
Jun 04, 2025	2025 (Q2)	0.20 / 0.19	0.327	-42.22% (-0.14)
Mar 05, 2025	2025 (Q1)	0.30 / 0.20	0.349	-41.67% (-0.15)
Dec 09, 2024	2024 (Q4)	0.32 / 0.15	0.342	-57.45% (-0.20)
Sep 05, 2024	2024 (Q3)	0.33 / 0.26	0.276	-5.26% (-0.01)
Jun 05, 2024	2024 (Q2)	0.33 / 0.33	0.276	18.42% (+0.05)
Mar 06, 2024	2024 (Q1)	0.33 / 0.35	0.247	41.18% (+0.10)
Dec 13, 2023	2023 (Q4)	0.30 / 0.34	0.167	104.35% (+0.17)
Aug 30, 2023	2023 (Q3)	0.29 / 0.28	0.146	90.00% (+0.13)
Jun 07, 2023	2023 (Q2)	0.25 / 0.28	0.124	123.53% (+0.15)

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

VBNK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 04, 2025	$11.54	$10.79	-6.50%
Mar 05, 2025	$11.88	$10.39	-12.54%
Dec 09, 2024	$17.92	$15.97	-10.88%
Sep 05, 2024	$13.28	$12.72	-4.22%

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 (VBNK) report earnings?

Versabank (VBNK) is schdueled to report earning on Sep 04, 2025, Before Open (Confirmed).

What is Versabank (VBNK) earnings time?

Versabank (VBNK) earnings time is at Sep 04, 2025, 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 VBNK EPS forecast?

VBNK EPS forecast for the fiscal quarter 2025 (Q3) is 0.24.

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