VersaBank

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total revenue $54.2m $65.4m $82.4m $108.6m $111.6m $124.6m
Revenue less provision for credit loss $54.5m $65.8m $81.9m $108.0m $111.9m $120.2m
Credit assets $215.7m $264.9m $273.5m
Other $2.9m $1.4m $3.6m $13.6m $20.5m $22.1m
Interest income $86.1m $89.5m $126.8m $229.3m $285.4m $295.7m
Deposits and other $31.5m $26.4m $44.6m $123.5m $177.1m $174.0m
Subordinated notes $508k $2.9m $5.6m $5.8m $5.7m $5.5m
Net interest income $54.1m $60.2m $76.7m $100.1m $102.7m $116.2m
Non-interest income $60k $5.2m $5.7m $8.6m $9.0m $8.5m
Provision for (recovery of) credit losses (note 6(b)) ($344k) ($438k) $451k $609k ($268k) $4.4m
Salaries and benefits $17.0m $20.2m $26.8m $31.4m $32.8m $38.0m
General and administrative $8.4m $11.1m $18.7m $15.1m $19.2m $33.7m
Premises and equipment $2.5m $3.7m $3.9m $3.9m $5.2m $7.0m
Income tax provision (note 16) $7.3m $8.4m $9.9m $15.5m $15.0m $13.0m
Foreign exchange gain (loss) on translation of foreign operations $0 ($4k) $103k $32k ($261k) $692k
Comprehensive income $19.4m $22.4m $22.8m $42.2m $39.5m $29.1m
Income before income taxes $26.8m $30.8m $32.5m $57.6m $54.8m $41.5m
Net income $19.4m $22.4m $22.7m $42.2m $39.7m $28.5m
Basic and diluted income per common share (note 17) (in CAD per share) $0.82 $0.96 $0.79 $1.57 $1.49 $0.90
Interest expense $32.0m $29.3m $50.2m $129.3m $182.8m $179.5m
Noninterest expense $27.8m $35.0m $49.4m $50.4m $57.1m $78.7m