VersaBank

NASDAQ VBNK

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VersaBank Capital Expenditure To Sales 2 year CAGR for the year ending October 31, 2023: 294.41%

VersaBank Capital Expenditure To Sales 2 year CAGR is 294.41% for the year ending October 31, 2023, a 1,083.21% change year over year. The capital expenditure ratio measures the proportion of a company's revenue allocated to capital expenditures. It is calculated by dividing capital expenditures by revenue. This ratio indicates the extent to which a company invests in long-term assets relative to its sales. A higher ratio suggests a higher level of investment in the expansion and improvement of the company's asset base. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

VersaBank Capital Expenditure To Sales for the year ending October 31, 2022 was 0.71%, a 3,191.96% change year over year.
VersaBank Capital Expenditure To Sales for the year ending October 31, 2021 was 0.02%, a -95.26% change year over year.
VersaBank Capital Expenditure To Sales for the year ending October 31, 2020 was 0.45%, a 0.74% change year over year.
VersaBank Capital Expenditure To Sales for the year ending October 31, 2019 was 0.45%, a -76.64% change year over year.

NASDAQ: VBNK

VersaBank

CEO	Mr. David Roy Taylor B.Sc., BSc (Hons), FICB, M.B.A., MBA, PPL
IPO Date	Aug. 27, 2021
Location	Canada
Headquarters	140 Fullarton Street, London, ON, Canada, N6A 5P2
Employees	119
Sector	Financial Services
Industry	Banks - regional

Description

VersaBank provides various banking products and services in Canada and the United States. It offers deposit products, such as web-based chequing accounts, guaranteed investment certificates, registered retirement savings plans, and tax-free savings accounts, as well as deposit insurance products. The company also provides lending services, including point of sale financing that covers purchasing loan and lease receivables from finance companies operating in various industries; commercial banking services comprising commercial real estate, public sector/infrastructure financing, and condominium financing; and residential mortgages. In addition, it offers cybersecurity services. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

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