Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
VBNK
SELLREMOVEVersaBank · Financial Services · Canada · $623M · Avg Vol: $1M/d
VersaBank is a niche digital bank in Canada. While its branchless model is more asset-light than traditional banks, it lacks a global competitive moat, scale, and exposure to powerful macro inflection points.
COMPANY DESCRIPTION
VersaBank is a Canadian Schedule I chartered bank operating primarily as a digital bank, providing innovative financial solutions including specialized deposit-taking and commercial financing to underserved niche markets across Canada. Its competitive moat stems from its branchless, digital-first operating model, which enables a significantly lower cost structure and specialized technology, including a pioneering digital currency vault. VersaBank is uniquely positioned as a technology-driven, lean alternative to traditional banking.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 58.1M | 76.7M | 78.8M | 88.0M | 14.8% |
| EPS | 0.56 | 1.11 | 1.05 | 0.64 | 4.4% |
| Shares | 27.2M | 26.0M | 26.0M | 31.9M | +17.2% |
| Debt | 77.2M | 78.1M | 76.6M | 76.6M | -0.3% |
| Equity | 247.5M | 266.2M | 281.7M | 375.9M | 15.0% |
| Op CF | -23.0M | 66.8M | 192.5M | 31.4M | -31.5% |
| Inv CF | -99.9M | -19.9M | -111.2M | 149.8M | — |
| Fin CF | -4.4M | -12.2M | -16.5M | 72.0M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of VBNK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| VBNK | VersaBank(you) | $623M | 24 | SELL |
| LB.TO | Laurentian Bank of Canada | $1.3B | 41 | HOLD |
| EQB.TO | EQB Inc. | $3.1B | 43 | HOLD |
| GSY.TO | goeasy Ltd. | $459M | 21 | SELL |
| WED.V | The Westaim Corporation | $523M | 15 | STRONG SELL |
| OBA | Oxley Bridge Acquisition Limited | $324M | 19 | STRONG SELL |
| CYB.TO | Cymbria Corporation | $1.4B | 20 | STRONG SELL |
| DEFT | DeFi Technologies Inc. | $225M | 26 | SELL |
| TF.TO | Timbercreek Financial Corp. | $399M | 38 | HOLD |
| MKP.TO | MCAN Mortgage Corporation | $708M | 54 | HOLD |
Peer medians: ROE 12.0% · P/E 14.0x · Gross margin 50.3%