VersaBank Historical Income Statement

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14.72 0.08 0.55%

Historical analysis of VersaBank income statement accounts such as Interest Expense of 220.7 M, Selling General Administrative of 31.3 M, Total Revenue of 134.8 M or Gross Profit of 131.2 M can show how well VersaBank performed in making a profits. Evaluating VersaBank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of VersaBank's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining VersaBank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether VersaBank is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.

About VersaBank Income Statement Analysis

VersaBank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to VersaBank shareholders. The income statement also shows VersaBank investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

VersaBank Income Statement Chart

At this time, VersaBank's Net Income is very stable compared to the past year. As of the 25th of March 2025, Income Tax Expense is likely to grow to about 18.7 M, while Selling General Administrative is likely to drop about 31.3 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts VersaBank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of VersaBank minus its cost of goods sold. It is profit before VersaBank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of VersaBank. It is also known as VersaBank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from VersaBank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into VersaBank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.At this time, VersaBank's Net Income is very stable compared to the past year. As of the 25th of March 2025, Income Tax Expense is likely to grow to about 18.7 M, while Selling General Administrative is likely to drop about 31.3 M.

	2022	2024	2025 (projected)
Gross Profit	108.6M	124.9M	131.2M
Total Revenue	108.6M	128.4M	134.8M

Gross Profit Total Revenue

VersaBank income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Selling And Marketing Expenses	Tax Provision	Net Interest Income	Interest Income	Net Income From Continuing Ops	Reconciled Depreciation
Interest Expense		0.74	0.92	0.91	0.87	0.46	0.46	0.47	-0.74	0.89	0.79	0.88	0.85	0.32	-0.29	0.85	0.84	0.88	0.88	0.82
Selling General Administrative	0.74		0.85	0.85	0.63	0.66	0.66	0.69	-0.73	0.82	0.63	0.81	0.77	0.5	-0.55	0.76	0.97	0.91	0.89	0.95
Total Revenue	0.92	0.85		1.0	0.84	0.51	0.51	0.54	-0.86	0.99	0.83	0.98	0.93	0.51	-0.53	0.92	0.91	0.85	0.86	0.89
Gross Profit	0.91	0.85	1.0		0.84	0.51	0.51	0.54	-0.86	0.99	0.83	0.98	0.93	0.52	-0.53	0.92	0.91	0.84	0.86	0.89
Other Operating Expenses	0.87	0.63	0.84	0.84		0.14	0.14	0.16	-0.87	0.87	0.94	0.84	0.86	0.23	-0.28	0.85	0.78	0.77	0.81	0.75
Operating Income	0.46	0.66	0.51	0.51	0.14		1.0	1.0	-0.09	0.44	0.0	0.42	0.46	0.04	-0.2	0.43	0.6	0.56	0.51	0.57
Ebit	0.46	0.66	0.51	0.51	0.14	1.0		1.0	-0.09	0.44	0.0	0.42	0.46	0.04	-0.2	0.43	0.6	0.56	0.51	0.57
Ebitda	0.47	0.69	0.54	0.54	0.16	1.0	1.0		-0.12	0.47	0.02	0.44	0.48	0.07	-0.22	0.46	0.62	0.58	0.53	0.59
Total Operating Expenses	-0.74	-0.73	-0.86	-0.86	-0.87	-0.09	-0.09	-0.12		-0.9	-0.97	-0.9	-0.81	-0.62	0.6	-0.81	-0.81	-0.73	-0.78	-0.78
Income Before Tax	0.89	0.82	0.99	0.99	0.87	0.44	0.44	0.47	-0.9		0.88	0.99	0.94	0.49	-0.56	0.92	0.9	0.82	0.85	0.86
Total Other Income Expense Net	0.79	0.63	0.83	0.83	0.94	0.0	0.0	0.02	-0.97	0.88		0.88	0.82	0.49	-0.48	0.81	0.76	0.72	0.77	0.72
Net Income	0.88	0.81	0.98	0.98	0.84	0.42	0.42	0.44	-0.9	0.99	0.88		0.88	0.53	-0.6	0.86	0.88	0.82	0.85	0.84
Income Tax Expense	0.85	0.77	0.93	0.93	0.86	0.46	0.46	0.48	-0.81	0.94	0.82	0.88		0.36	-0.43	0.99	0.86	0.78	0.8	0.84
Depreciation And Amortization	0.32	0.5	0.51	0.52	0.23	0.04	0.04	0.07	-0.62	0.49	0.49	0.53	0.36		-0.61	0.42	0.44	0.34	0.35	0.45
Selling And Marketing Expenses	-0.29	-0.55	-0.53	-0.53	-0.28	-0.2	-0.2	-0.22	0.6	-0.56	-0.48	-0.6	-0.43	-0.61		-0.39	-0.49	-0.38	-0.37	-0.47
Tax Provision	0.85	0.76	0.92	0.92	0.85	0.43	0.43	0.46	-0.81	0.92	0.81	0.86	0.99	0.42	-0.39		0.86	0.78	0.8	0.83
Net Interest Income	0.84	0.97	0.91	0.91	0.78	0.6	0.6	0.62	-0.81	0.9	0.76	0.88	0.86	0.44	-0.49	0.86		0.96	0.96	0.95
Interest Income	0.88	0.91	0.85	0.84	0.77	0.56	0.56	0.58	-0.73	0.82	0.72	0.82	0.78	0.34	-0.38	0.78	0.96		0.98	0.9
Net Income From Continuing Ops	0.88	0.89	0.86	0.86	0.81	0.51	0.51	0.53	-0.78	0.85	0.77	0.85	0.8	0.35	-0.37	0.8	0.96	0.98		0.86
Reconciled Depreciation	0.82	0.95	0.89	0.89	0.75	0.57	0.57	0.59	-0.78	0.86	0.72	0.84	0.84	0.45	-0.47	0.83	0.95	0.9	0.86

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VersaBank Account Relationship Matchups

VersaBank income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	29.3M	50.2M	129.3M	182.8M	210.2M	220.7M
Selling General Administrative	31.4M	45.5M	46.5M	52.0M	59.7M	31.3M
Total Revenue	65.4M	82.4M	108.6M	111.6M	128.4M	134.8M
Gross Profit	54.2M	65.4M	82.4M	108.6M	124.9M	131.2M
Other Operating Expenses	27.4M	34.6M	307K	51.0M	58.6M	61.6M
Operating Income	26.8M	30.8M	82.7M	57.6M	66.3M	49.0M
Ebit	26.8M	30.8M	82.7M	57.6M	66.3M	49.0M
Ebitda	27.9M	32.5M	84.6M	59.4M	68.3M	49.9M
Total Operating Expenses	(27.4M)	(34.6M)	307K	(51.0M)	(45.9M)	(43.6M)
Income Before Tax	30.8M	32.5M	57.6M	54.8M	63.0M	66.2M
Total Other Income Expense Net	26.8M	30.8M	(50.2M)	57.6M	66.3M	69.6M
Net Income	22.4M	22.7M	42.2M	39.7M	45.7M	48.0M
Income Tax Expense	7.3M	8.4M	9.9M	15.5M	17.8M	18.7M
Depreciation And Amortization	1.1M	1.7M	1.9M	1.8M	2.1M	2.2M
Tax Provision	8.4M	9.9M	15.5M	15.0M	17.3M	18.2M
Net Income Applicable To Common Shares	18.0M	17.2M	20.8M	21.7M	24.9M	18.4M
Net Interest Income	60.2M	76.7M	100.1M	102.7M	118.1M	74.7M
Interest Income	89.5M	126.8M	229.3M	285.4M	328.2M	166.0M
Net Income From Continuing Ops	22.4M	22.7M	42.2M	39.7M	45.7M	30.5M
Reconciled Depreciation	1.7M	1.9M	1.8M	2.6M	3.0M	1.8M

Pair Trading with VersaBank

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VersaBank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VersaBank will appreciate offsetting losses from the drop in the long position's value.

Moving against VersaBank Stock

0.85	FFH-PH	Fairfax Financial	Pair Corr
0.81	BRK	Berkshire Hathaway CDR	Pair Corr
0.78	FFH-PF	Fairfax Financial	Pair Corr
0.75	FFH-PM	Fairfax Financial	Pair Corr
0.58	FFH-PJ	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to VersaBank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VersaBank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VersaBank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VersaBank to buy it.

The correlation of VersaBank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VersaBank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VersaBank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for VersaBank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether VersaBank is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VersaBank Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Versabank Stock. Highlighted below are key reports to facilitate an investment decision about Versabank Stock:

How To Invest In VersaBank

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Is VersaBank Stock a good investment?

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What is VersaBank's Net Worth?

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To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Please note, there is a significant difference between VersaBank's value and its price as these two are different measures arrived at by different means. Investors typically determine if VersaBank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VersaBank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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VersaBank Historical Income Statement

About VersaBank Income Statement Analysis

VersaBank Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

VersaBank income statement Correlations

VersaBank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

VersaBank income statement Accounts

Pair Trading with VersaBank

Moving against VersaBank Stock

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Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 0.99	Total Revenue
Income Before Tax	+ 0.99	Gross Profit

Total Other Income Expense Net	- 0.97	Total Operating Expenses
Net Income	- 0.9	Total Operating Expenses
Income Before Tax	- 0.9	Total Operating Expenses
Total Operating Expenses	- 0.87	Other Operating Expenses
Total Operating Expenses	- 0.86	Gross Profit
Total Operating Expenses	- 0.86	Total Revenue