Education
About Us
Working with TipRanks
Follow Us
Versabank (VBNK)
NASDAQ:VBNK
Earnings Data
Report Date
Sep 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.24Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Jun 04, 2025
|% Change Since: -10.03%
|Next Earnings Date:Sep 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record credit assets and revenue growth, expansion in net interest margin, and strategic initiatives like the U.S. Receivable Purchase Program and structural realignment. However, challenges included high foreign exchange losses, increased expenses, and slower-than-expected U.S. market expansion. Despite these challenges, the strategic initiatives and growth in key areas contributed positively.Company Guidance
During VersaBank's second-quarter fiscal 2025 conference call, several key metrics were highlighted. The bank achieved record credit assets and revenue, with total assets surpassing $5 billion, a 15% year-over-year growth. The net interest margin expanded by 23 basis points sequentially, driven by favorable trends. Earnings per share, excluding certain costs, were $0.28. The Canadian banking operations contributed $25.6 million in revenue, while U.S. operations increased by 22% sequentially. Credit assets grew to $4.52 billion, with the Receivable Purchase Program expanding 14% year-over-year. The CET1 ratio improved to 14.28%, and the bank's book value per share reached a record $16.25. Despite some dampening factors like foreign exchange losses, the strategic realignment towards a U.S. bank framework aims to enhance shareholder value and reduce costs.Record Credit Assets and Revenue
VersaBank achieved record credit assets and revenue in Q2 2025. Total assets grew 15% year-over-year to over $5 billion, and total consolidated revenue reached a record $30.1 million, up 6% year-over-year.
Expansion of Net Interest Margin
Net interest margin on credit assets increased by 23 basis points sequentially, with a 16 basis point or 10% higher sequential increase due to favorable trends and lower interest rate term deposits.
Growth in U.S. Receivable Purchase Program (RPP)
The U.S. RPP portfolio surpassed USD 70 million by the end of Q2, with expectations to reach at least USD 290 million by year-end.
Increase in Canadian Residential Construction Loan Portfolio
Growth was observed in the Canadian residential construction loan portfolio, driven by business-to-business mortgages and construction loans for residential properties.
Proposed Structural Realignment
VersaBank announced a structural realignment to align with U.S. bank frameworks, expected to reduce costs, mitigate risk, and increase shareholder value.
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
VBNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2025 | $11.56 | $10.81 | -6.49% |
Mar 05, 2025 | $11.90 | $10.41 | -12.52% |
Dec 09, 2024 | $17.95 | $16.00 | -10.86% |
Sep 05, 2024 | $13.30 | $12.74 | -4.21% |
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 05, 2025, TBA Not Confirmed.
What is Versabank (VBNK) earnings time?
Versabank (VBNK) earnings time is at Sep 05, 2025, TBA Not 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.