VersaBank Shares Slide After 1Q Results Miss Estimates

Dow Jones

Mar 06, 2025

By Katherine Hamilton

VersaBank shares fell after its first-quarter earnings missed expectations.

The stock declined 13%, to 15.07 Canadian dollars (US$10.47), in Toronto, and was down about 10%, to US$10.67, on the Nasdaq. It has lost about 8% of its value over the past year.

The London, Ontario, digital banking company posted a profit of C$8.1 million, or 28 cents a share, for the three months ended Jan. 31, compared with C$12.7 million, or 48 cents a share, the previous year.

Revenue fell 4%, to C$27.8 million, behind the C$30.4 million expected by analysts, according to FactSet.

VersaBank said it had lower overall net interest margin and low non-interest income.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 05, 2025 15:28 ET (20:28 GMT)

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It has lost about 8% of its value over the past year.The London, Ontario, digital banking company posted a profit of C$8.1 million, or 28 cents a share, for the three months ended Jan. 31, compared with C$12.7 million, or 48 cents a share, the previous year.Revenue fell 4%, to C$27.8 million, behind the C$30.4 million expected by analysts, according to FactSet.VersaBank said it had lower overall net interest margin and low non-interest income.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VBNK":"VersaBank","BK4211":"区域性银行"},"translate_title":"第一季度业绩未达预期后，VersaBank股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VBNK":1},"content_text":"By Katherine Hamilton \n\n\n \n\n\nVersaBank shares fell after its first-quarter earnings missed expectations. \n\n\n  The stock declined 13%, to 15.07 Canadian dollars (US$10.47), in Toronto, and was down about 10%, to US$10.67, on the Nasdaq. It has lost about 8% of its value over the past year. \n\n\n  The London, Ontario, digital banking company posted a profit of C$8.1 million, or 28 cents a share, for the three months ended Jan. 31, compared with C$12.7 million, or 48 cents a share, the previous year. \n\n\n  Revenue fell 4%, to C$27.8 million, behind the C$30.4 million expected by analysts, according to FactSet. \n\n\n  VersaBank said it had lower overall net interest margin and low non-interest income. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 15:28 ET (20:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}