VersaBank

NASDAQ VBNK

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VersaBank Net Operating Profit After Tax (NOPAT) 3 year CAGR for the year ending October 31, 2023: 29.02%

VersaBank Net Operating Profit After Tax (NOPAT) 3 year CAGR is 29.02% for the year ending October 31, 2023, a -30.37% change year over year. Net Operating Profit After Taxes (NOPAT) is a financial metric that represents a company's operating profit after deducting taxes. It is calculated by multiplying the earnings before interest and taxes (EBIT) by (1 - tax rate). NOPAT provides insights into the company's profitability from its core operations while accounting for the impact of taxes. It is useful for assessing the company's operating performance and comparing profitability across different tax environments. 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 Net Operating Profit After Tax (NOPAT) for the year ending October 31, 2022 was 58,919,292.92, a 149.27% change year over year.
VersaBank Net Operating Profit After Tax (NOPAT) for the year ending October 31, 2021 was 23,636,780.67, a 16.79% change year over year.
VersaBank Net Operating Profit After Tax (NOPAT) for the year ending October 31, 2020 was 20,238,445.91, a -2.32% change year over year.
VersaBank Net Operating Profit After Tax (NOPAT) for the year ending October 31, 2019 was 20,719,392.98, a -47.91% 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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