VersaBank (VBNK) Income Statement

NASDAQ: VBNKRevenue, profits, margins and EPS over 10 years.

VBNK FY2025 at a glance

Fiscal year ended October 31, 2025 · Canadian dollars
Revenue+7.7%
C$120.2M
FY2025 · hover or tap a bar for each year
FY2016: C$70.9M (+7.7%)FY2017: C$71.6M (+1.0%)FY2018: C$81.1M (+13.2%)FY2019: C$88.3M (+8.9%)FY2020: C$86.2M (−2.5%)FY2021: C$94.7M (+9.9%)FY2022: C$132.5M (+40.0%)FY2023: C$237.9M (+79.5%)FY2024: C$111.6M (−53.1%)FY2025: C$120.2M (+7.7%)
FY2016FY2025
Gross profit+7.7%
C$120.2M
FY2025 · hover or tap a bar for each year
FY2016: C$38.8M (+14.7%)FY2017: C$44.0M (+13.3%)FY2018: C$51.4M (+16.8%)FY2019: C$54.2M (+5.6%)FY2020: C$54.5M (+0.6%)FY2021: C$65.8M (+20.7%)FY2022: C$81.9M (+24.5%)FY2023: C$108.0M (+31.8%)FY2024: C$111.6M (+3.3%)FY2025: C$120.2M (+7.7%)
FY2016FY2025
Operating income−24.3%
C$41.5M
FY2025 · hover or tap a bar for each year
FY2016: C$11.8M (+30.1%)FY2017: C$14.7M (+25.3%)FY2018: C$25.0M (+69.8%)FY2019: C$27.8M (+11.2%)FY2020: C$26.8M (−3.8%)FY2021: C$30.8M (+15.1%)FY2022: C$32.5M (+5.7%)FY2023: C$57.6M (+77.1%)FY2024: C$54.8M (−4.9%)FY2025: C$41.5M (−24.3%)
FY2016FY2025
Net income−28.4%
C$28.5M
FY2025 · hover or tap a bar for each year
FY2016: C$8.5M (+3.1%)FY2017: C$19.5M (+129.9%)FY2018: C$18.1M (−7.2%)FY2019: C$20.2M (+11.7%)FY2020: C$19.4M (−3.9%)FY2021: C$22.4M (+15.3%)FY2022: C$22.7M (+1.2%)FY2023: C$42.2M (+86.1%)FY2024: C$39.7M (−5.7%)FY2025: C$28.5M (−28.4%)
FY2016FY2025
Net profit margin−11.9 pts
23.7%
FY2025 · hover or tap a point for each year
FY2016: 11.9% (−0.5 pts)FY2017: 27.2% (+15.2 pts)FY2018: 22.3% (−4.9 pts)FY2019: 22.9% (+0.6 pts)FY2020: 22.5% (−0.3 pts)FY2021: 23.6% (+1.1 pts)FY2022: 17.1% (−6.5 pts)FY2023: 17.7% (+0.6 pts)FY2024: 35.6% (+17.9 pts)FY2025: 23.7% (−11.9 pts)
FY2016FY2025

VBNK revenue and net income

RevenueNet incomeNet margin (right axis)

Where VBNK's revenue goes

FY2025
Revenue
C$120.2M100.0%
Cost of revenue
C$00.0%
Gross profit
C$120.2M100.0%
Sales, general & admin
−C$78.7M−65.5%
Operating income
C$41.5M34.5%
Income taxes
−C$13.0M−10.8%
Net income
C$28.5M23.7%

Each bar shows an amount and its share of revenue. VBNK kept 23.7% of revenue as net income.

VBNK profit margins

GrossOperatingNet

VBNK growth rates

to FY2025
1 year3 years5 years10 years
Revenue+7.7%−3.2%+6.9%+6.2%
Gross profit+7.7%+13.6%+17.1%+13.5%
Operating income−24.3%+8.4%+9.2%+16.5%
Net income−28.4%+7.9%+8.0%+13.2%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

VBNK income statement in Canadian dollars

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$120.2MC$111.6MC$237.9MC$132.5MC$94.7MC$86.2MC$88.3MC$81.1MC$71.6MC$70.9M
Cost of revenueC$0C$182.5MC$129.9MC$50.6MC$28.9MC$31.6MC$34.1MC$29.7MC$27.7MC$32.1M
Gross profitC$120.2MC$111.6MC$108.0MC$81.9MC$65.8MC$54.5MC$54.2MC$51.4MC$44.0MC$38.8M
Sales, general & adminC$78.7MC$52.0MC$46.5MC$45.5MC$31.4MC$25.3MC$24.0MC$24.0MC$25.1MC$23.6M
Total operating expensesC$78.7MC$57.1MC$50.4MC$49.4MC$35.0MC$27.8MC$26.4MC$26.3MC$29.2MC$27.0M
Operating incomeC$41.5MC$54.8MC$57.6MC$32.5MC$30.8MC$26.8MC$27.8MC$25.0MC$14.7MC$11.8M
Interest incomeC$295.7MC$285.4MC$229.3MC$76.7MC$89.5MC$86.1MC$88.3MC$80.9M——
Interest expenseC$179.5MC$182.8MC$129.3MC$50.2MC$29.3MC$32.0MC$34.4MC$29.4MC$27.8MC$31.3M
Income before taxesC$41.5MC$54.8MC$57.6MC$32.5MC$30.8MC$26.8MC$27.8MC$25.0MC$14.7MC$11.8M
Income taxesC$13.0MC$15.0MC$15.5MC$9.9MC$8.4MC$7.3MC$7.6MC$6.9M−C$4.7MC$3.3M
Net incomeC$28.5MC$39.7MC$42.2MC$22.7MC$22.4MC$19.4MC$20.2MC$18.1MC$19.5MC$8.5M
EBITDAC$44.6MC$57.4MC$59.4MC$34.5MC$32.5MC$27.9MC$28.5MC$25.6MC$15.3MC$12.5M
Gross margin100.0%100.0%45.4%61.8%69.5%63.3%61.4%63.3%61.4%54.7%
Operating margin34.5%49.1%24.2%24.6%32.5%31.1%31.5%30.8%20.6%16.6%
Net margin23.7%35.6%17.7%17.1%23.6%22.5%22.9%22.3%27.2%11.9%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in VBNK's financial statements (latest annual report filed December 10, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.

VBNK financial results

In fiscal year 2025 (ended October 31, 2025), VersaBank reported revenue of C$120.2 million, up 7.7% from the year before. It had net income of C$28.5 million (down 28.4%), a net profit margin of 23.7%. Over five years revenue grew at an average rate of 6.9% a year. Figures are in Canadian dollars, the currency of its financial statements.

See the VBNK stock overview for the latest quote and news, or the VBNK chart for price history and technical indicators.

VBNK income statement FAQ

What is VersaBank's annual revenue?

VersaBank reported total revenue of C$120.2 million for fiscal year 2025, which ended on October 31, 2025. That was up 7.7% from C$111.6 million the previous year.

Is VersaBank profitable?

Yes. VersaBank reported net income of C$28.5 million in fiscal 2025, a net profit margin of 23.7%; its operating margin was 34.5%.

What is VersaBank's gross margin?

VersaBank's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, VersaBank kept $100 after the direct cost of its products and services.

How fast is VersaBank growing?

Revenue grew 6.9% a year on average over the last five fiscal years, from C$86.2 million to C$120.2 million.

When will VersaBank report its next earnings?

VersaBank is expected to report results for the quarter ending October 31, 2026 on December 9, 2026 before the market opens.

When does VersaBank's fiscal year end?

VersaBank's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 10, 2025.

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