VersaBank (VBNK) Financials

VersaBank (VBNK) is a financial institution that offers a range of banking products and services to its customers. The company provides income statement information, including details on its revenue and expenses. The income statement shows the net income from stockholders, which reflects the company's profitability after expenses. In addition, VersaBank calculates its gross profit, which is the difference between revenue and the cost of goods sold. Another important financial metric is EBIT, or earnings before interest and taxes. This figure indicates the company's operating profit before taking into account interest and tax expenses. Similarly, EBITDA, or earnings before interest, taxes, depreciation, and amortization, provides a clearer picture of the company's operating performance by excluding non-cash expenses. These financial figures are crucial for investors and analysts to assess the company's financial health.

The balance sheet of VersaBank (VBNK) provides a snapshot of the company's financial position at a given point in time. It includes information on the company's total assets, total liabilities, and stockholders' equity. Total assets represent the value of everything the company owns, including cash equivalents, investments, and property. On the other hand, total liabilities represent the company's obligations, such as debts and payables. The stockholders' equity shows the value of the company's assets after subtracting its liabilities. Another important metric is net debt, which is the company's total debt minus its cash equivalents. This figure provides an indication of the company's ability to meet its financial obligations. Finally, the cash flow statement provides information on the company's cash flow from operating, investing, and financing activities. It also calculates free cash flow, which is the cash generated by the company after accounting for capital expenditures. These financial metrics are essential in evaluating VersaBank's financial performance and stability.