VersaBank (VBNK) - Net Assets
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. Check VBNK asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore VBNK total asset value for the complete picture of this company's asset base.
Annual Net Assets for VersaBank (2011–2025)
The table below shows the annual net assets of VersaBank from 2011 to 2025. For live valuation and market cap data, see VBNK market cap overview.
| 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 |
|---|---|
|
Sayona Mining Limited American Depository Shares
NASDAQ:ELVR
|
$467.91 Million |
|
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SHG:603976
|
$467.96 Million |
|
Anglo American PLC
LSE:AAL
|
$468.03 Million |
|
Dolphin Drilling AS
OL:DDRIL
|
$468.17 Million |
|
Village Super Market Inc
NASDAQ:VLGEA
|
$467.69 Million |
|
Jiangsu Huifeng Agrochemical Co Ltd
SHE:002496
|
$467.69 Million |
|
Shenzhen Bioeasy Biotechnology Co. Ltd.
SHE:300942
|
$467.67 Million |
|
Shandong Cynda Chemcial Co Ltd
SHG:603086
|
$467.66 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: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.96x to 1.07x 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 | $18.09 | x |
| 2012-10-31 | $5.88 | $18.09 | x |
| 2013-10-31 | $8.03 | $18.09 | x |
| 2014-10-31 | $7.85 | $18.09 | x |
| 2015-10-31 | $8.98 | $18.09 | x |
| 2016-10-31 | $9.36 | $18.09 | x |
| 2017-10-31 | $10.00 | $18.09 | x |
| 2018-10-31 | $10.58 | $18.09 | x |
| 2019-10-31 | $11.37 | $18.09 | x |
| 2020-10-31 | $12.09 | $18.09 | x |
| 2021-10-31 | $15.27 | $18.09 | x |
| 2022-10-31 | $12.79 | $18.09 | x |
| 2023-10-31 | $14.35 | $18.09 | x |
| 2024-10-31 | $15.37 | $18.09 | x |
| 2025-10-31 | $16.91 | $18.09 | 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: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VersaBank (VBNK) | $543.93 Million | 7.84% | 10.32x | $467.89 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About 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