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VBNK| Name | Value |
|---|---|
| Revenues | 73.1M |
| Cost of Revenue | 43.8M |
| Gross Profit | 29.2M |
| Operating Expense | 17.5M |
| Operating I/L | 11.7M |
| Other Income/Expense | 0.0M |
| Interest Income | 71.0M |
| Pretax | 11.7M |
| Income Tax Expense | 3.2M |
| Net Income/Loss | 8.5M |
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.
