VersaBank

NASDAQ VBNK

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VersaBank Pre-Tax Margin for the Trailing 12 Months (TTM) ending January 31, 2024: -1.15%

VersaBank Pre-Tax Margin is -1.15% for the Trailing 12 Months (TTM) ending January 31, 2024, a -101.00% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.

VersaBank Pre-Tax Margin for the Trailing 12 Months (TTM) ending January 31, 2023 was 114.43%, a 27.18% change year over year.
VersaBank Pre-Tax Margin for the Trailing 12 Months (TTM) ending January 31, 2022 was 89.98%, a -12.64% change year over year.
VersaBank Pre-Tax Margin for the Trailing 12 Months (TTM) ending January 31, 2021 was 102.99%, a -11.17% change year over year.
VersaBank Pre-Tax Margin for the Trailing 12 Months (TTM) ending January 31, 2020 was 115.93%, a 4.30% 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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