VersaBank Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]
VersaBank (VBNK)
Company Research
Source: Yahoo! Finance
Profit margin: 35% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses. EPS: CA$1.49 (down from CA$1.57 in FY 2023). Net interest margin (NIM): 2.27% (down from 2.68% in FY 2023). Cost-to-income ratio: 51.0% (up from 46.0% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Banks industry in Canada. Performance of the Canadian Banks industry. The company's shares are down 10.0% from a week ago. Be aware that VersaBank is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by
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VBNK
News
- VERSABANK COMPLETES SUCCESSFUL OFFERING OF COMMON SHARESPR Newswire
- VERSABANK PRICES OFFERING OF COMMON SHARES [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- VERSABANK PRICES OFFERING OF COMMON SHARES [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- VERSABANK PRICES OFFERING OF COMMON SHARESPR Newswire
- VERSABANK LAUNCHES OFFERING OF COMMON SHARES [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
VBNK
Earnings
- 12/9/24 - Miss
VBNK
Sec Filings
- 12/18/24 - Form 6-K
- 12/17/24 - Form SUPPL
- 12/17/24 - Form 6-K
- VBNK's page on the SEC website