Versabank is a US-listed company in the regional banks industry. Its financial year ends in October.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $89m, up 8.5% on a year earlier, faster than the 1.8% growth a quarter earlier. The diluted share count is up 21.3% on a year earlier, which dilutes existing holders.
Our model value for Versabank is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Versabank's trailing-twelve-month revenue grew 8.5% year on year, with a free-cash-flow margin of 34.9%. Where it stands out: stock pay as % of revenue of 0.1% ranks 1 of 206 regional banks companies we cover. Where it lags: change in share count of 21.3% ranks 218 of 230 regional banks companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 83.4% while net income fell 30.4%: a 53pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for VBNK from the sources we follow. See filings →
No model value for Versabank at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Versabank as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$12 ~$8.1–$19 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$12 ~$10–$15 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$15 ~$8.5–$22 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$9.7 ~$13–$19 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$6.2 ~$7.1–$9.5 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$13 ~$10–$16 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Versabank with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: December 9, 2026, before the open.
No analyst estimates are published for Versabank: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jul 2026 | $0.28 | $0.27 | −1.7% |
| Apr 2026 | $0.27 | $0.28 | +2.9% |
| Jan 2026 | $0.25 | $0.28 | +10.7% |
| Oct 2025 | $0.24 | $0.24 | −2.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY20 Q4 | $40.3M |
| FY21 Q4 | $52M |
| FY22 Q4 | $64M |
| FY23 Q4 | $80.6M |
| FY24 Q4 | $82M |
| FY25 Q4 | $89M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY21 Q4 | 29.1% |
| FY22 Q4 | 23.1% |
| FY23 Q4 | 25.8% |
| FY24 Q4 | 1.8% |
| FY25 Q4 | 8.5% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY20 Q4 | 257.2% |
| FY21 Q4 | -165.7% |
| FY22 Q4 | -40.3% |
| FY23 Q4 | 86.9% |
| FY24 Q4 | 227.6% |
| FY25 Q4 | 34.9% |
| Fiscal year | 2020 Oct 2020 | 2021 Oct 2021 | 2022 Oct 2022 | 2023 Oct 2023 | 2024 Oct 2024 | 2025 Oct 2025 |
|---|---|---|---|---|---|---|
| Income | ||||||
| Revenue | 40 | 52 | 64 | 81 | 82 | 89 |
| Net income | 14 | 18 | 18 | 31 | 29 | 20 |
| Diluted EPS | $0.61 | $0.76 | $0.61 | $1.16 | $1.09 | $0.64 |
| Growth (year on year) | ||||||
| Revenue | — | +29.1% | +23.1% | +25.8% | +1.8% | +8.5% |
| Net income | — | +23.5% | −1.1% | +77.5% | −6.6% | −30.4% |
| Diluted EPS | — | +25.3% | −19.6% | +89.6% | −5.9% | −41.3% |
| Margins | ||||||
| Net margin | 35.8% | 34.2% | 27.5% | 38.8% | 35.6% | 22.8% |
| Free-cash-flow margin | 257.2% | −165.7% | −40.3% | 86.9% | 227.6% | 34.9% |
| Cash flow | ||||||
| Cash from operations | 104 | −86 | −25 | 70 | 200 | 32 |
| Capital spending | 0 | 0 | 0 | 0 | 14 | 1 |
| Free cash flow | 104 | −86 | −26 | 70 | 187 | 31 |
| Stock-based pay | — | 0 | 1 | 1 | 0 | 0 |
| Free cash flow after stock pay | — | −86 | −27 | 69 | 186 | 31 |
| Balance sheet | ||||||
| Cash | 193 | 219 | 65 | 95 | 162 | 415 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −193 | −219 | −65 | −95 | −162 | −415 |
| Diluted shares | 21m | 22m | 27m | 26m | 26m | 32m |
| Returned to shareholders | ||||||
| Dividends | 3 | 3 | 3 | 3 | 3 | 2 |
| Total returned | 3 | 3 | 3 | 3 | 3 | 2 |
| Last 12 months unless stated | VBNK | ISBA | FCCO | WNEB | EFSI | PKBK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $89m | $89m | $89m | $88m | $90m | $91m | $255m |
| Revenue growth, last 12 months | 8.5% | 17.1% | 23.5% | 16.5% | 37.5% | 32.3% | 12.5% |
| Revenue growth, 3-year average | — | 6.2% | 13.3% | −0.4% | 12.0% | 4.9% | 6.0% |
| Revenue growth, latest quarter | — | 16.9% | 28.7% | 7.9% | 24.0% | 27.8% | 10.7% |
| Net margin | 22.8% | 24.0% | 25.9% | 19.0% | 20.6% | 50.5% | 28.7% |
| Cash from operations / revenue | 35.7% | 33.3% | 8.5% | 21.7% | 10.1% | 49.5% | 34.3% |
| Free-cash-flow margin | 34.9% | 30.6% | 7.4% | 19.5% | 8.9% | 49.1% | 31.4% |
| Free-cash-flow margin, 3-year average | — | 25.5% | 17.0% | 29.2% | 20.1% | 49.6% | 29.9% |
| Stock pay / revenue | 0.1% | 0.4% | 1.2% | 0.9% | 1.6% | 0.4% | 1.2% |
| Change in share count | 21.3% | −0.0% | 0.5% | −2.5% | 26.6% | −1.3% | 0.4% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 8.5% | 12.5% | 170 of 245 |
| Change in growth rate Growth | +6.7pp | +0.0pp | 34 of 244 |
| Net margin Profitability | 22.8% | 28.7% | 176 of 245 |
| Stock pay as % of revenue Cash generation | 0.1% | 1.3% | 1 of 206 |
| Change in share count Balance sheet | 21.3% | 0.4% | 218 of 230 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Alliancebernstein L.P. | $41.5M | 2.9M | 15.8% | ▼ 1.4% |
| Pembroke Management, Ltd | $35.3M | 1.5M | 13.5% | ▲ 115.6% |
| CIBC World Market Inc. | $26.8M | 1.2M | 10.2% | ▼ 3.1% |
| Mendon Capital Advisors Corp | $18.1M | 781K | 6.9% | ▼ 17.4% |
| TCW Group Inc | $16.7M | 721K | 6.4% | ▲ 1.4% |
| Connor, Clark & Lunn Investment Management Ltd. | $16.4M | 704K | 6.2% | ▲ 32.1% |
| Curi Capital, LLC | $15.8M | 680K | 6.0% | ▼ 15.5% |
| Pacific Ridge Capital Partners, LLC | $13.6M | 586K | 5.2% | ▼ 0.8% |
| TD Asset Management Inc | $11.5M | 493K | 4.4% | ▲ 12.1% |
| Csm Advisors, LLC | $8.4M | 361K | 3.2% | ▲ 29.2% |
| Wellington Management Group LLP | $6.2M | 266K | 2.4% | ▼ 17.2% |
| Kennedy Capital Management LLC | $4.8M | 206K | 1.8% | ▼ 42.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Versabank's complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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