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XTSE
VBNK
Market cap704mUSD
Oct 09, Last price  
31.38CAD
1D
-0.32%
1Q
1.43%
Jan 2017
510.59%
IPO
339.83%
Name

VersaBank

Chart & performance

D1W1MN
XTSE:VBNK chart
P/E
35.50
P/S
8.40
EPS
0.88
Div yield, %
0.32%
Shrs. gr., 5y
8.32%
Rev. gr., 5y
6.89%
Revenues
120m
+7.70%
68,408,00074,189,00063,243,00060,794,00065,851,00070,935,00071,624,00081,100,00088,327,00086,154,00094,688,000132,543,000237,918,000111,633,000120,228,000
Net income
28m
-28.40%
7,570,0003,824,0001,764,0005,676,0008,218,0008,470,00019,472,00018,074,00020,196,00019,405,00022,380,00022,658,00042,162,00039,748,00028,458,000
CFO
44m
-83.70%
-20,230,000-10,206,000-88,532,000-29,021,000-57,437,000-46,473,00077,880,000-14,904,00019,780,000139,595,000-108,305,000-32,654,00094,717,000272,705,00044,451,000
Dividend
Oct 09, 20260.025 CAD/sh

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Profile

VersaBank, a federally regulated financial institution (Schedule I chartered bank) operating across Canada, delivers a diverse array of banking and lending solutions. Clients can choose from various deposit products, including Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RRSPs), Daily Interest Savings Accounts (DISAs), and Tax-Free Savings Accounts (TFSAs), all complemented by deposit protection. The bank also provides comprehensive lending services. This includes point-of-sale financing, where it acquires loan and lease receivables from other finance companies across numerous industries. Additionally, its commercial banking division supports sectors such as commercial real estate, public sector and infrastructure projects, condominium financing, and residential mortgages. Established in 1979, the institution was initially known as Pacific & Western Bank of Canada before adopting its current name, VersaBank, in May 2016. The company maintains its headquarters in London, Canada.

Key people

Frank Newbould
Chairman of the Board · since 2025
President, Chief Executive Officer, Director · since 1993
Nicolas Ospina
Global Chief Financial Officer · since 2026
Shawn Clarke
Chief Operating Officer · since 2023
Jonathan Taylor
Chief Human Resources Officer · since 2020
John Asma
Executive Vice President · since 2026
Nick Kristo
Senior Vice President · since 2024
David Thoms
Senior Vice President - Point of Sale Financing · since 2024
Wooi Koay
Chief Information Officer · since 2022
Christopher Pellarin
Vice President - Real Estate Lending · since 2024
Garry Clement
Chief Anti-Money Laundering Officer · since 2022
Saad Inam
Chief Credit Officer · since 2024
Joanne Johnston
Chief Internal Auditor · since 2022
Brent Hodge
Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary · since 2022
Gabrielle Bochynek
Independent Director · since 2019
Robbert-Jan Brabander
Independent Director · since 2009
David Bratton
Independent Director · since 1993
Peter Irwin
Independent Director · since 2021
Richard Jankura
Independent Director · since 2022
Arthur Linton
Independent Director · since 2020
IPO date
Aug 27, 2013
Employees
110
Domiciled in
CA
Incorporated in
CA
Headquarters & legal address
140 Fullarton Street, Suite 2002
London, ON N6A 5P2
CA
Previous name
Pacific & Western Bank of Canada

Valuation

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