VersaBank (VBNK) Balance Sheet

NASDAQ: VBNKAssets, liabilities, debt and equity over 10 years.

VBNK balance sheet, FY2025

October 31, 2025 · Canadian dollars

C$5.81B assets = C$5.28B liabilities + C$532.7M equity

Both columns are drawn to the same scale: what VBNK owns equals what it owes plus shareholders’ equity. Hover a block for its value.

VBNK financial health

Debt / equity0.20

Low leverage · C$0.20 of debt for each $1 of equity

Cash / debt537.0%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

VBNK balance sheet trends, FY2016–FY2025

VersaBank balance sheet trends
Metric	Then	Latest	Change
Total assets	C$1.70BFY2016	C$5.81BFY2025	+14.6%/yr
Total liabilities	C$1.52BFY2016	C$5.28BFY2025	+14.8%/yr
Shareholders’ equity	C$185.9MFY2016	C$532.7MFY2025	+12.4%/yr
Cash & short-term investments	C$94.0MFY2016	C$582.7MFY2025	+22.5%/yr
Total debt	C$57.7MFY2016	C$108.5MFY2025	+7.3%/yr
Net cash (debt)	C$36.3MFY2016	C$474.2MFY2025	+C$437.8M
Working capital	−C$1.34BFY2016	−C$4.25BFY2025	−C$2.9B
Debt / equity	0.31FY2016	0.20FY2025	−0.11
Shares outstanding	19.9MFY2016	31.5MFY2025	+5.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

VBNK assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

VBNK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

VBNK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

VBNK balance sheet in Canadian dollars

VersaBank annual balance sheet
	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Assets
Cash & short-term investments	C$582.7M	C$226.2M	C$133.2M	C$89.5M	C$272.5M	C$257.6M	C$139.1M	C$129.8M	C$159.9M	C$94.0M
Cash & equivalents	C$581.7M	C$225.3M	C$132.2M	C$88.6M	C$271.5M	C$257.6M	C$139.1M	C$129.8M	C$159.9M	C$94.0M
Short-term investments	C$953,000	C$953,000	C$953,000	C$953,000	C$953,000	C$0	—	—	—	—
Receivables	C$30.8M	C$32.5M	C$24.5M	C$18.5M	C$10.8M	C$6.8M	C$7.2M	C$7.4M	C$6.3M	C$7.3M
Inventory	C$0	C$0	−C$156.8M	−C$110.8M	−C$274.2M	−C$257.9M	−C$139.6M	−C$130.3M	C$0	C$0
Other current assets	C$0	C$0	C$156.8M	C$110.8M	C$286.9M	C$264.8M	C$144.4M	C$135.2M	C$0	C$9.6M
Total current assets	C$613.5M	C$258.7M	C$157.7M	C$108.0M	C$296.0M	C$271.3M	C$151.1M	C$142.1M	C$166.2M	C$110.8M
Property, plant & equipment (net)	C$26.4M	C$26.6M	C$10.0M	C$11.0M	C$11.9M	C$10.4M	C$7.9M	C$8.4M	C$8.0M	C$4.3M
Goodwill & intangible assets	C$22.9M	C$24.4M	C$8.5M	C$8.9M	C$9.4M	C$6.8M	C$7.2M	C$7.4M	C$0	C$7.3M
Long-term investments	C$81.9M	C$300.3M	C$168.9M	C$141.6M	C$953,000	C$8.6M	C$10.1M	C$10.0M	C$0	C$0
Other non-current assets	C$5.06B	C$4.23B	C$3.86B	C$3.00B	C$2.10B	C$1.65B	C$1.61B	C$1.64B	C$1.55B	C$1.58B
Total assets	C$5.81B	C$4.84B	C$4.20B	C$3.27B	C$2.42B	C$1.94B	C$1.79B	C$1.81B	C$1.73B	C$1.70B
Liabilities
Accounts payable	—	—	C$9.7M	C$7.7M	C$110.8M	C$96.1M	C$97.0M	C$96.2M	C$88.8M	C$82.6M
Short-term debt	C$435,887	—	C$735,000	C$708,000	C$669,000	C$8.7M	—	—	—	—
Deferred revenue	—	—	C$8.9M	C$7.0M	C$117.0M	C$91.6M	—	—	—	—
Total current liabilities	C$4.86B	C$4.14B	C$3.54B	C$2.67B	C$1.96B	C$1.66B	C$1.50B	C$1.53B	C$92.5M	C$1.45B
Long-term debt	C$103.5M	C$102.5M	C$106.8M	C$105.0M	C$95.3M	C$13.6M	C$38.2M	C$43.2M	C$0	C$0
Lease obligations	C$5.0M	C$6.1M	C$3.8M	C$4.5M	C$5.1M	C$3.1M	—	—	—	—
Other long-term liabilities	C$311.4M	C$192.1M	C$174.6M	C$145.2M	C$23.7M	C$11.3M	C$10.1M	C$8.8M	C$92.5M	C$66.3M
Total liabilities	C$5.28B	C$4.44B	C$3.82B	C$2.92B	C$2.08B	C$1.69B	C$1.55B	C$1.59B	C$1.52B	C$1.52B
Shareholders' equity
Common stock & paid-in capital	C$325.9M	C$215.6M	C$214.8M	C$226.0M	C$227.7M	C$152.6M	C$152.6M	C$152.6M	C$152.6M	C$147.2M
Retained earnings (deficit)	C$203.7M	C$181.2M	C$146.0M	C$109.3M	C$90.6M	C$73.2M	C$58.1M	C$41.5M	C$26.4M	C$9.2M
Accumulated other comprehensive income	C$562,000	−C$130,000	C$131,000	C$99,000	−C$4,000	—	C$0	C$0	C$4,000	C$6,000
Total shareholders' equity	C$532.7M	C$399.2M	C$377.2M	C$350.7M	C$332.1M	C$255.3M	C$240.2M	C$223.6M	C$208.5M	C$185.9M
Key figures
Total debt	C$108.5M	C$108.6M	C$110.6M	C$109.4M	C$100.4M	C$16.7M	C$38.2M	C$43.2M	C$43.0M	C$57.7M
Net cash (debt)	C$474.2M	C$117.6M	C$22.6M	−C$19.9M	C$172.1M	C$240.9M	C$100.9M	C$86.6M	C$116.9M	C$36.3M
Working capital	−C$4.25B	−C$3.89B	−C$3.39B	−C$2.56B	−C$1.67B	−C$1.39B	−C$1.35B	−C$1.39B	C$73.7M	−C$1.34B
Tangible book value	C$509.8M	C$374.8M	C$368.6M	C$341.7M	C$322.7M	C$248.5M	C$233.0M	C$216.2M	C$208.5M	C$178.6M
Shares outstanding	31.5M	26.0M	26.3M	27.4M	21.8M	21.1M	21.1M	21.1M	20.9M	19.9M
Current ratio	0.13	0.06	0.04	0.04	0.15	0.16	0.10	0.09	1.80	0.08
Quick ratio	0.13	0.06	0.04	0.04	0.14	0.16	0.10	0.09	1.80	0.07
Debt / equity	0.20	0.27	0.29	0.31	0.30	0.07	0.16	0.19	0.21	0.31
Equity / assets	9.2%	8.3%	9.0%	10.7%	13.8%	13.1%	13.5%	12.4%	12.1%	10.9%

VersaBank quarterly balance sheet
	Jul '26	Apr '26	Jan '26	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24	Apr '24	Jan '24	Oct '23
Assets
Cash & short-term investments	C$490.3M	C$674.4M	C$729.3M	C$582.7M	C$621.4M	C$445.9M	C$546.2M	C$226.2M	C$248.9M	C$199.8M	C$128.5M	C$133.2M
Cash & equivalents	C$490.3M	C$568.2M	C$628.0M	C$581.7M	C$460.3M	C$340.2M	C$386.7M	C$225.3M	C$248.0M	C$198.8M	C$127.5M	C$132.2M
Short-term investments	C$134.2M	C$106.3M	C$101.3M	C$953,000	C$161.1M	C$105.8M	C$159.5M	C$953,000	C$953,000	C$953,000	C$953,000	C$953,000
Receivables	C$28.2M	C$33.6M	C$33.1M	C$30.8M	C$33.4M	C$29.8M	C$30.3M	C$32.5M	C$27.4M	C$27.6M	C$25.6M	C$24.5M
Inventory	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$220.6M	C$171.2M	−C$153.2M	−C$156.8M
Other current assets	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$153.2M	C$156.8M
Total current assets	C$518.5M	C$708.0M	C$762.4M	C$613.5M	C$654.8M	C$475.7M	C$576.5M	C$258.7M	C$276.4M	C$227.4M	C$154.1M	C$157.7M
Property, plant & equipment (net)	C$31.5M	C$31.5M	C$26.7M	C$26.4M	C$26.7M	C$27.2M	C$27.7M	C$26.6M	C$27.1M	C$27.3M	C$27.4M	C$10.0M
Goodwill & intangible assets	C$19.7M	C$20.0M	C$22.5M	C$22.9M	C$23.1M	C$23.5M	C$24.0M	C$24.4M	C$8.2M	C$8.3M	C$8.4M	C$8.5M
Long-term investments	C$134.2M	C$106.3M	C$101.3M	C$81.9M	C$161.1M	C$105.8M	C$159.5M	C$300.3M	C$154.0M	C$104.7M	C$134.0M	C$168.9M
Other non-current assets	C$6.17B	C$5.57B	C$5.23B	C$5.06B	C$4.61B	C$4.42B	C$4.18B	C$4.23B	C$4.05B	C$4.02B	C$3.99B	C$3.86B
Total assets	C$6.88B	C$6.44B	C$6.15B	C$5.81B	C$5.48B	C$5.05B	C$4.97B	C$4.84B	C$4.52B	C$4.39B	C$4.31B	C$4.20B
Liabilities
Accounts payable	—	—	—	—	—	C$2.0M	—	—	C$9.3M	C$20.8M	C$7.5M	C$9.7M
Short-term debt	—	—	—	C$435,887	—	—	—	—	—	—	—	C$735,000
Deferred revenue	—	—	—	—	—	—	—	—	—	—	—	C$8.9M
Total current liabilities	C$5.91B	C$5.52B	C$5.25B	C$4.86B	C$4.63B	C$4.21B	C$4.13B	C$4.14B	C$3.83B	C$3.71B	C$3.65B	C$3.54B
Long-term debt	C$103.8M	C$100.7M	C$100.2M	C$103.5M	C$102.1M	C$101.8M	C$106.8M	C$102.5M	C$101.6M	C$101.1M	C$103.4M	C$106.8M
Lease obligations	C$3.4M	C$3.6M	C$3.8M	C$5.0M	C$2.9M	C$3.1M	C$2.9M	C$6.1M	C$3.2M	C$3.4M	C$3.6M	C$3.8M
Other long-term liabilities	C$6.21B	C$265.4M	C$252.8M	C$311.4M	C$219.8M	C$211.8M	C$210.2M	C$192.1M	C$175.4M	C$172.8M	C$171.0M	C$174.6M
Total liabilities	C$6.31B	C$5.89B	C$5.60B	C$5.28B	C$4.95B	C$4.52B	C$4.45B	C$4.44B	C$4.11B	C$3.99B	C$3.92B	C$3.82B
Shareholders' equity
Common stock & paid-in capital	C$335.1M	C$331.3M	C$328.5M	C$325.9M	C$326.0M	C$329.8M	C$330.5M	C$215.6M	C$214.8M	C$214.8M	C$214.8M	C$214.8M
Retained earnings (deficit)	C$230.1M	C$220.7M	C$214.0M	C$203.7M	C$200.4M	C$196.3M	C$188.6M	C$181.2M	C$177.6M	C$168.8M	C$157.8M	C$146.0M
Accumulated other comprehensive income	−C$330,166	−C$727,000	−C$1.3M	C$562,000	−C$847,000	−C$317,000	−C$302,000	−C$130,000	C$141,000	C$139,000	C$73,000	C$131,000
Total shareholders' equity	C$565.9M	C$552.2M	C$543.1M	C$532.7M	C$528.1M	C$528.3M	C$521.3M	C$399.2M	C$409.0M	C$400.1M	C$389.0M	C$377.2M
Key figures
Total debt	C$107.3M	C$104.3M	C$104.0M	C$108.5M	C$105.0M	C$104.9M	C$109.7M	C$108.6M	C$104.9M	C$104.5M	C$106.9M	C$110.6M
Net cash (debt)	C$383.0M	C$570.1M	C$625.3M	C$474.2M	C$516.4M	C$341.0M	C$436.5M	C$117.6M	C$144.1M	C$95.2M	C$21.5M	C$22.6M
Working capital	−C$5.39B	−C$4.81B	−C$4.49B	−C$4.25B	−C$3.97B	−C$3.73B	−C$3.56B	−C$3.89B	−C$3.55B	−C$3.49B	−C$3.49B	−C$3.39B
Tangible book value	C$546.2M	C$532.3M	C$520.6M	C$509.8M	C$505.0M	C$504.8M	C$497.3M	C$374.8M	C$400.7M	C$391.8M	C$380.6M	C$368.6M
Shares outstanding	23.0M	32.1M	23.5M	32.6M	32.4M	32.5M	29.1M	26.0M	26.0M	26.0M	26.0M	26.0M
Current ratio	0.09	0.13	0.15	0.13	0.14	0.11	0.14	0.06	0.07	0.06	0.04	0.04
Quick ratio	0.09	0.13	0.15	0.13	0.14	0.11	0.14	0.06	0.07	0.06	0.04	0.04
Debt / equity	0.19	0.19	0.19	0.20	0.20	0.20	0.21	0.27	0.26	0.26	0.27	0.29
Equity / assets	8.2%	8.6%	8.8%	9.2%	9.6%	10.5%	10.5%	8.3%	9.1%	9.1%	9.0%	9.0%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 10, 2025); data from EODHD.

VBNK financial position

At the end of fiscal 2025 (October 31, 2025), VersaBank had total assets of C$5.8 billion (up 20.0% from a year earlier), total liabilities of C$5.3 billion and shareholders' equity of C$532.7 million. It held C$582.7 million in cash and short-term investments against C$108.5 million of debt, a net cash position of C$474.2 million. Its current ratio was 0.13. In the latest quarter (ended July 31, 2026) total assets were C$6.9 billion and equity C$565.9 million.

Related: VBNK income statement, VBNK cash flow statement, VBNK key metrics. See the VBNK stock overview for the latest quote and news.

VBNK balance sheet FAQ

What are VersaBank's total assets?

VersaBank reported total assets of C$5.8 billion at the end of fiscal 2025 (October 31, 2025), compared with C$4.8 billion a year earlier.

How much debt does VersaBank have?

VersaBank had C$108.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.20.

How much cash does VersaBank have?

VersaBank held C$582.7 million in cash and short-term investments at the end of fiscal 2025; with C$108.5 million of debt that is net cash of C$474.2 million.

What is VersaBank's book value?

VersaBank's shareholders' equity (book value) was C$532.7 million at the end of fiscal 2025.

What is VersaBank's current ratio?

VersaBank had current assets of C$613.5 million and current liabilities of C$4.9 billion, a current ratio of 0.13 (current liabilities exceed current assets).

How much goodwill does VersaBank have?

VersaBank carried C$22.9 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.