VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.
Revenue of VersaBank (VBNK)
Revenue in 2023 (TTM): $108.03 M
According to VersaBank's latest financial reports the company's current revenue (TTM) is $108.03 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of VersaBank
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $108.03 M | $108.64 M | $ | $57.65 M | $42.16 M |
| 2022 | $82.39 M | $82.39 M | $ | $32.55 M | $22.66 M |
| 2021 | $65.36 M | $65.36 M | $ | $30.79 M | $22.38 M |
| 2020 | $54.19 M | $54.19 M | $ | $26.75 M | $19.41 M |
| 2019 | $53.92 M | $53.92 M | $ | $27.82 M | $20.2 M |
| 2018 | $51.69 M | $51.69 M | $ | $25.01 M | $18.07 M |
| 2017 | $43.84 M | $43.84 M | $ | $14.73 M | $19.47 M |
| 2016 | $39.68 M | $39.68 M | $ | $11.76 M | $8.47 M |
| 2015 | $35.37 M | $35.37 M | $ | $9.04 M | $8.22 M |
| 2014 | $30.51 M | $30.51 M | $ | $6.21 M | $5.68 M |
| 2013 | $27.98 M | $27.98 M | $ | $2.51 M | $1.76 M |
| 2012 | $32.9 M | $32.9 M | $ | $8.09 M | $3.82 M |
| 2011 | $29.23 M | $29.23 M | $11.19 M | $11.19 M | $7.57 M |