VersaBank (TSE:VBNK) Posts Earnings Results

VersaBank (TSE:VBNK) posted its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$35.09 million for the quarter. VersaBank had a net margin of 19.94% and a return on equity of 9.95%.

VersaBank Trading Up 3.4%

Shares of TSE VBNK opened at C$17.85 on Thursday. The stock’s 50 day simple moving average is C$16.79 and its 200 day simple moving average is C$16.12. The company has a market cap of C$574.20 million, a price-to-earnings ratio of 18.99 and a beta of 1.14. VersaBank has a 12-month low of C$12.18 and a 12-month high of C$23.24.

VersaBank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, October 10th. VersaBank’s payout ratio is presently 10.64%.

VersaBank Company Profile

VersaBank, a Canadian Schedule I chartered bank, became the world’s first fully digital financial institution when it adopted its highly efficient business-to-business model using proprietary state-of-the art financial technology to profitably address underserved markets in pursuit of superior net interest margins while mitigating risk.