Name | Value |
---|---|
Revenues | 71.6M |
Cost of Revenue | 0.0M |
Gross Profit | 71.6M |
Operating Expense | 3.8M |
Operating I/L | 17.0M |
Other Income/Expense | 0.0M |
Interest Income | 69.3M |
Pretax | 17.0M |
Income Tax Expense | 4.3M |
Net Income/Loss | 12.7M |
VersaBank, a schedule I chartered bank in Canada, offers a range of banking products and services. The company generates revenue through deposit products such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts. Additionally, VersaBank provides lending services, including point of sale financing and commercial banking services such as commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages.