VersaBank
VersaBank provides various banking products and services in Canada and the United States. The company operates through Digital Banking Canada; Digital Banking USA; and DRTC (cybersecurity services and banking and financial technology development) segments. It offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as… Read more
VersaBank (VBNK) - Net Assets
Latest net assets as of January 2026: $543.93 Million USD
Based on the latest financial reports, VersaBank (VBNK) has net assets worth $543.93 Million USD as of January 2026.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.16 Billion) and total liabilities ($5.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $543.93 Million |
| % of Total Assets | 8.84% |
| Annual Growth Rate | 12.97% |
| 5-Year Change | 60.39% |
| 10-Year Change | 186.56% |
| Growth Volatility | 12.46 |
VersaBank - Net Assets Trend (2011–2025)
This chart illustrates how VersaBank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VersaBank (2011–2025)
The table below shows the annual net assets of VersaBank from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $532.67 Million | +33.43% |
| 2024-10-31 | $399.20 Million | +5.85% |
| 2023-10-31 | $377.16 Million | +7.55% |
| 2022-10-31 | $350.68 Million | +5.59% |
| 2021-10-31 | $332.11 Million | +30.09% |
| 2020-10-31 | $255.29 Million | +6.30% |
| 2019-10-31 | $240.16 Million | +7.42% |
| 2018-10-31 | $223.57 Million | +7.21% |
| 2017-10-31 | $208.54 Million | +12.19% |
| 2016-10-31 | $185.88 Million | +6.45% |
| 2015-10-31 | $174.62 Million | +14.49% |
| 2014-10-31 | $152.52 Million | +14.56% |
| 2013-10-31 | $133.13 Million | +42.99% |
| 2012-10-31 | $93.10 Million | -3.60% |
| 2011-10-31 | $96.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VersaBank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21848500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $203.73 Million | 38.25% |
| Common Stock | $325.91 Million | 61.18% |
| Other Comprehensive Income | $562.00K | 0.11% |
| Other Components | $2.47 Million | 0.46% |
| Total Equity | $532.67 Million | 100.00% |
VersaBank Competitors by Market Cap
The table below lists competitors of VersaBank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhongtong Guomai Communication
SHG:603559
|
$395.37 Million |
|
Crossamerica Partners LP
NYSE:CAPL
|
$395.42 Million |
|
Home Bancorp Inc
NASDAQ:HBCP
|
$395.47 Million |
|
Australian United Investment Company Ltd
AU:AUI
|
$395.51 Million |
|
Ningbo Dechang Electrical Machinery Made Co Ltd
SHG:605555
|
$395.24 Million |
|
THOUGHTWORKS HLD. DL-001
F:7W8
|
$395.02 Million |
|
Shanghai Holystar Information Technology Co. Ltd. A
SHG:688330
|
$394.93 Million |
|
Neway CNC Equipment Suzhou Co Ltd
SHG:688697
|
$394.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VersaBank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 399,203,000 to 532,673,000, a change of 133,470,000 (33.4%).
- Net income of 28,458,000 contributed positively to equity growth.
- Dividend payments of 3,235,000 reduced retained earnings.
- Share repurchases of 9,127,000 reduced equity.
- New share issuances of 114,772,000 increased equity.
- Other comprehensive income increased equity by 692,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.46 Million | +5.34% |
| Dividends Paid | $3.23 Million | -0.61% |
| Share Repurchases | $9.13 Million | -1.71% |
| Share Issuances | $114.77 Million | +21.55% |
| Other Comprehensive Income | $692.00K | +0.13% |
| Other Changes | $1.91 Million | +0.36% |
| Total Change | $- | 33.43% |
Book Value vs Market Value Analysis
This analysis compares VersaBank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.27x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-10-31 | $6.10 | $13.87 | x |
| 2012-10-31 | $5.88 | $13.87 | x |
| 2013-10-31 | $8.03 | $13.87 | x |
| 2014-10-31 | $7.85 | $13.87 | x |
| 2015-10-31 | $8.98 | $13.87 | x |
| 2016-10-31 | $9.36 | $13.87 | x |
| 2017-10-31 | $10.00 | $13.87 | x |
| 2018-10-31 | $10.58 | $13.87 | x |
| 2019-10-31 | $11.37 | $13.87 | x |
| 2020-10-31 | $12.09 | $13.87 | x |
| 2021-10-31 | $15.27 | $13.87 | x |
| 2022-10-31 | $12.79 | $13.87 | x |
| 2023-10-31 | $14.35 | $13.87 | x |
| 2024-10-31 | $15.37 | $13.87 | x |
| 2025-10-31 | $16.91 | $13.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VersaBank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.67%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 10.90x
- Recent ROE (5.34%) is below the historical average (6.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.84% | 25.90% | 0.02x | 15.38x | $-2.09 Million |
| 2012 | 4.11% | 11.62% | 0.02x | 16.48x | $-5.49 Million |
| 2013 | 1.32% | 2.79% | 0.05x | 10.55x | $-11.55 Million |
| 2014 | 3.72% | 9.34% | 0.04x | 9.48x | $-9.58 Million |
| 2015 | 4.71% | 12.48% | 0.04x | 9.31x | $-9.24 Million |
| 2016 | 4.56% | 11.94% | 0.04x | 9.17x | $-10.12 Million |
| 2017 | 9.34% | 27.19% | 0.04x | 8.27x | $-1.38 Million |
| 2018 | 8.08% | 22.29% | 0.04x | 8.09x | $-4.28 Million |
| 2019 | 8.41% | 22.87% | 0.05x | 7.43x | $-3.82 Million |
| 2020 | 7.60% | 22.52% | 0.04x | 7.61x | $-6.12 Million |
| 2021 | 6.74% | 23.64% | 0.04x | 7.27x | $-10.83 Million |
| 2022 | 6.46% | 17.09% | 0.04x | 9.31x | $-12.41 Million |
| 2023 | 11.18% | 17.72% | 0.06x | 11.14x | $4.45 Million |
| 2024 | 9.96% | 35.61% | 0.02x | 12.12x | $-172.30K |
| 2025 | 5.34% | 23.67% | 0.02x | 10.90x | $-24.81 Million |
Industry Comparison
This section compares VersaBank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VersaBank (VBNK) | $543.93 Million | 7.84% | 10.32x | $395.25 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |