VersaBank (VBNK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Net Interest Income | 35.67M | 33.93M | 32.63M | 29.78M | 28.03M | 25.72M | 24.9M | 24.94M | 26.24M | 26.57M | 26.24M | 24.93M | 24.61M | 24.27M | 22.48M | 20.06M | 17.24M | 16.89M | 16.15M | 14.54M |
| NII Growth % | 27.24% | 31.92% | 31.05% | 19.38% | 6.82% | -3.18% | -5.1% | 0.06% | 6.64% | 9.45% | 16.74% | 24.26% | 42.73% | 43.76% | 39.21% | 37.96% | 14.22% | 17.47% | 17.79% | 17.43% |
| Net Interest Margin % | 0.55% | 0.55% | 0.56% | 0.54% | 0.56% | 0.52% | 0.51% | 0.55% | 0.6% | 0.62% | 0.62% | 0.63% | 0.66% | 0.69% | 0.69% | 0.65% | 0.64% | 0.7% | 0.67% | 0.64% |
| Interest Income | 83.03M | 81.34M | 77.47M | 73.99M | 70.98M | 73.25M | 73.24M | 71.65M | 71.24M | 69.29M | 66.09M | 60.09M | 53.59M | 49.56M | 42.07M | 34.18M | 25.85M | 24.72M | 23.92M | 22.4M |
| Interest Expense | 47.37M | 47.41M | 44.84M | 44.21M | 42.94M | 47.52M | 48.34M | 46.7M | 45M | 42.72M | 39.85M | 35.16M | 28.99M | 25.29M | 19.59M | 14.12M | 8.61M | 7.83M | 7.78M | 7.86M |
| Loan Loss Provision | 427.86K | 701.1K | 1.32M | 1.18M | 889K | 1.02M | -156K | -1K | 16K | -127K | -184K | 171K | 237K | 385K | 205K | 166K | 78K | 2K | -279K | 96K |
| Non-Interest Income | 2.61M | 2.64M | 2.46M | 1.8M | 2.11M | 2.1M | 2.38M | 2.05M | 2.26M | 2.28M | 2.93M | 1.93M | 2.08M | 1.64M | 1.77M | 1.18M | 1.39M | 1.38M | 2.09M | 1.19M |
| Non-Interest Income % | 3.05% | 3.14% | 3.08% | 2.38% | 2.88% | 2.79% | 3.15% | 2.78% | 3.07% | 3.19% | 4.25% | 3.11% | 3.73% | 3.21% | 4.05% | 3.33% | 5.11% | 5.29% | 8.03% | 5.03% |
| Total Revenue | 85.65M | 83.98M | 79.93M | 75.79M | 73.08M | 75.35M | 75.62M | 73.7M | 73.5M | 71.58M | 69.02M | 62.02M | 55.67M | 51.2M | 43.85M | 35.35M | 27.24M | 26.1M | 26.01M | 23.59M |
| Revenue Growth % | 17.19% | 11.46% | 5.7% | 2.84% | -0.57% | 5.27% | 9.56% | 18.83% | 32.03% | 39.78% | 57.42% | 75.42% | 104.36% | 96.18% | 68.55% | 49.89% | 20.94% | 15.68% | 23.37% | 16.88% |
| Non-Interest Expense | 27.48M | 20.58M | 23.87M | 21.65M | 17.52M | 15.7M | 19.36M | 13.53M | 12.19M | 12.02M | 12.44M | 12.88M | 12.73M | 12.34M | 13.77M | 13.22M | 11.77M | 10.64M | 10.38M | 8.2M |
| Efficiency Ratio | 32.08% | 24.5% | 29.86% | 28.56% | 23.97% | 20.84% | 25.61% | 18.36% | 16.58% | 16.8% | 18.02% | 20.77% | 22.86% | 24.09% | 31.41% | 37.38% | 43.2% | 40.75% | 39.89% | 34.76% |
| Operating Income | 10.38M | 15.29M | 9.9M | 8.75M | 11.73M | 11.1M | 8.08M | 13.46M | 16.3M | 16.95M | 16.92M | 13.81M | 13.72M | 13.2M | 10.27M | 7.86M | 6.79M | 7.63M | 8.14M | 7.43M |
| Operating Margin % | 12.11% | 18.21% | 12.39% | 11.55% | 16.06% | 14.74% | 10.68% | 18.27% | 22.18% | 23.69% | 24.51% | 22.27% | 24.65% | 25.77% | 23.43% | 22.22% | 24.93% | 29.22% | 31.28% | 31.51% |
| Operating Income Growth % | -11.58% | 37.72% | 22.61% | -34.98% | -28.01% | -34.51% | -52.26% | -2.51% | 18.79% | 28.46% | 64.66% | 75.75% | 102.09% | 73.02% | 26.23% | 5.7% | -14.48% | 4.81% | 24.34% | 23.35% |
| Pretax Income | 10.38M | 15.29M | 9.9M | 8.75M | 11.73M | 11.1M | 8.08M | 13.46M | 16.3M | 16.95M | 16.92M | 13.81M | 13.72M | 13.2M | 10.27M | 7.86M | 6.79M | 7.63M | 8.14M | 7.43M |
| Pretax Margin % | 12.11% | 18.21% | 12.39% | 11.55% | 16.06% | 14.74% | 10.68% | 18.27% | 22.18% | 23.69% | 24.51% | 22.27% | 24.65% | 25.77% | 23.43% | 22.22% | 24.93% | 29.22% | 31.28% | 31.51% |
| Income Tax | 2.85M | 4.21M | 4.7M | 2.17M | 3.21M | 2.96M | 2.56M | 3.76M | 4.47M | 4.25M | 4.44M | 3.81M | 3.46M | 3.78M | 3.84M | 2.14M | 1.85M | 2.06M | 2.23M | 2M |
| Effective Tax Rate % | 27.5% | 27.5% | 47.44% | 24.8% | 27.31% | 26.67% | 31.7% | 27.91% | 27.44% | 25.1% | 26.23% | 27.56% | 25.21% | 28.65% | 37.42% | 27.2% | 27.2% | 27.03% | 27.38% | 26.87% |
| Net Income | 7.52M | 11.09M | 5.2M | 6.58M | 8.53M | 8.14M | 5.52M | 9.71M | 11.83M | 12.7M | 12.48M | 10M | 10.26M | 9.42M | 6.43M | 5.72M | 4.94M | 5.57M | 5.91M | 5.44M |
| Net Margin % | 8.78% | 13.2% | 6.51% | 8.68% | 11.67% | 10.81% | 7.29% | 13.17% | 16.09% | 17.74% | 18.08% | 16.13% | 18.44% | 18.39% | 14.66% | 16.18% | 18.15% | 21.32% | 22.72% | 23.05% |
| Net Income Growth % | -11.8% | 36.15% | -5.66% | -32.18% | -27.89% | -35.88% | -55.8% | -2.98% | 15.25% | 34.85% | 94.1% | 74.88% | 107.63% | 69.19% | 8.78% | 5.22% | -13.94% | 5.22% | 24.53% | 24.42% |
| Net Income (Continuing) | 7.52M | 11.09M | 5.2M | 6.58M | 8.53M | 8.14M | 5.52M | 9.71M | 11.83M | 12.7M | 12.48M | 10M | 10.26M | 9.42M | 6.43M | 5.72M | 4.94M | 5.57M | 5.91M | 5.44M |
| EPS (Diluted) | 0.23 | 0.35 | 0.16 | 0.20 | 0.26 | 0.28 | 0.20 | 0.36 | 0.45 | 0.48 | 0.47 | 0.38 | 0.38 | 0.34 | 0.24 | 0.21 | 0.18 | 0.19 | 0.22 | 0.25 |
| EPS Growth % | -11.54% | 25% | -20% | -44.44% | -42.22% | -41.67% | -57.45% | -5.26% | 18.42% | 41.18% | 95.83% | 80.95% | 111.11% | 78.95% | 9.09% | -16% | -28% | -13.64% | 0% | 38.89% |
| EPS (Basic) | 0.23 | 0.35 | 0.16 | 0.20 | 0.26 | 0.28 | 0.20 | 0.35 | 0.45 | 0.48 | 0.47 | 0.38 | 0.38 | 0.34 | 0.24 | 0.21 | 0.18 | 0.19 | 0.22 | 0.25 |
| Diluted Shares Outstanding | 23.61M | 23.46M | 32.57M | 32.37M | 32.52M | 29.06M | 25.96M | 25.96M | 25.96M | 25.96M | 25.96M | 25.96M | 26.17M | 27.03M | 27.25M | 27.44M | 27.44M | 27.44M | 27.44M | 21.12M |