VersaBank
Income Statement

Last updated: 25 Sep 2025

Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. VersaBank's past years’ income statements indicate that its last revenue has increased compared to the previous period by 3% to $111,633,000. Profit margin reached 36%. Total operating expenses were $111,633,000.

Profit Margin

Quarters Years

VersaBank (NASDAQ:VBNK): Profit margin
2015	35.36M	8.21M	23.24%
2016	39.67M	8.47M	21.35%
2017	43.84M	19.47M	44.41%
2018	51.68M	18.07M	34.97%
2019	53.91M	20.19M	37.46%
2020	54.18M	19.40M	35.81%
2021	65.35M	22.38M	34.24%
2022	82.39M	22.65M	27.5%
2023	108.63M	42.16M	38.81%
2024	111.63M	39.74M	35.61%

VBNK Income Statement (2015 – 2024)

Quarters Years

	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue
Revenue	111.63M	108.63M	82.39M	65.35M	54.18M	53.91M	51.68M	43.84M	39.67M	35.36M
Cost of revenue	0	-609K	0	0	0	0	0	0	0	0
Gross profit	111.63M	109.24M	82.39M	65.35M	54.18M	53.91M	51.68M	43.84M	39.67M	35.36M

Operating exp.
Research and development	0	0	0	0	0	0	0	0	0	0
Selling and marketing	0	35.33M	0	0	0	0	0	0	0	298K
Total operating expenses	111.63M	50.38M	307K	-34.56M	-27.43M	-26.09M	2.74M	10.84M	0	24.78M

Operating income	0	57.64M	82.69M	30.78M	26.75M	27.82M	54.42M	14.73M	11.75M	9.03M
Other income (expenses), net	54.79M	0	-50.15M	30.78M	0	27.82M	-29.41M	-2.04M	0	0
Income before tax	54.79M	57.64M	32.54M	30.78M	26.75M	27.82M	25.01M	14.73M	11.75M	9.03M
Income tax expense	15.04M	15.48M	9.89M	8.40M	7.34M	7.62M	6.93M	-4.74M	3.28M	821K
Net income	39.74M	42.16M	22.65M	22.38M	19.40M	20.19M	18.07M	19.47M	8.47M	8.21M

Earnings per share
Basic EPS	1.44	1.53	0.79	0.96	0.82	0.85	0.86	0.83	0.32	0.33
Diluted EPS	1.49	1.57	0.79	0.96	0.82	0.85	0.86	0.83	0.32	0.33

	Data source	Data source

VersaBank Income Statement

Profit Margin

VBNK Income Statement (2015 – 2024)

VersaBank
Income Statement