VersaBank (TSE:VBNK) Issues Earnings Results

VersaBank (TSE:VBNK) announced its quarterly earnings data on Tuesday. The company reported C$0.38 EPS for the quarter, FiscalAI reports. The business had revenue of C$36.51 million for the quarter. VersaBank had a net margin of 9.36% and a return on equity of 5.39%.

VersaBank Trading Down 8.9%

TSE:VBNK opened at C$21.14 on Thursday. The stock has a market capitalization of C$675.34 million, a PE ratio of 23.49 and a beta of 1.52. The firm’s 50 day moving average is C$21.76 and its 200 day moving average is C$18.63. VersaBank has a 12 month low of C$12.18 and a 12 month high of C$23.77.

About VersaBank

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. It obtains all deposits and provides the majority of loans and leases electronically. Leveraging internally developed IT security software, VersaBank established Washington, DC based subsidiary, DRT Cyber Inc, to pursue large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.