VersaBank stock (March 2026) | Growth, Valuation & Analysis

VersaBank

TSX:VBNK

C$ 19,36

+ C$0,02 (0,10%)

19,36 C$

+C$0,02 (0,10%)

End-of-day quote: 03/30/2026

VersaBank Stock Value

The current analyst rating for VersaBank is Outperform.

Outperform

VersaBank Company Info

EPS Growth 5Y

5,07%

Market Cap

C$0,62 B

Long-Term Debt

C$0,10 B

Short Interest

0,06%

Quarterly earnings

06/04/2026 (E)

Dividend

C$0,10

Dividend Yield

0,52%

Founded

1979

Industry

Financials

Country

Canada

ISIN Number

CA92512J1066

Website

http://www.versabank.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$23,00

18.8%

Last Update: 03/31/2026

Analysts: 1

Highest Price Target C$23,00

Average Price Target C$23,00

Lowest Price Target C$23,00

In the last five quarters, VersaBank’s Price Target has risen from C$14,15 to C$15,50 - a 9,54% increase. Three analysts predict that VersaBank’s share price will increase in the coming year, reaching C$23,00. This would represent an increase of 18,80%.

Top growth stocks in the financials sector (5Y.)

What does VersaBank do?

VersaBank provides various banking products and services in Canada and the United States. In 2024, the company acquired Stearns Bank Holdingford, National Association (SBH), a national bank chartered under the laws of the United States and regulated by the OCC. Business Segments The company has three reportable operating segments: Digital Banking Canada, Digital Banking USA and DRTC. Digital Banking Canada: The company employs a branchless business-to-business (partner-based) model using its...

VersaBank provides various banking products and services in Canada and the United States.

In 2024, the company acquired Stearns Bank Holdingford, National Association (SBH), a national bank chartered under the laws of the United States and regulated by the OCC.

Business Segments

The company has three reportable operating segments: Digital Banking Canada, Digital Banking USA and DRTC.

Digital Banking Canada: The company employs a branchless business-to-business (partner-based) model using its proprietary financial technology to address underserved segments in the Canadian and U.S. banking markets. The company obtains its deposits and provides the majority of its loans and leases electronically via innovative deposit and lending solutions for financial intermediaries.

Digital Banking USA: The company intends to adopt a business-to-business model, leveraging its proprietary financial technology to address underserved segments of the U.S. banking market. VersaBank USA plans to acquire deposits and deliver the majority of its loans and leases electronically through innovative deposit and lending solutions tailored for financial intermediaries.

DRTC (cybersecurity services and banking and financial technology development): Leveraging its internally developed IT security software and capabilities, the company established a wholly owned subsidiary, DRT Cyber Inc. (DRTC), to pursue significant large-market opportunities in cybersecurity and to develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations, and government entities.

Digital Banking Canada

Lending

Point-of-Sale Loans and Leases / Receivable Purchase Program (POS/RPP Financing)

The company provides financing to its network of origination partners, who offer point-of-sale loans and leases to consumers and commercial clients in various markets throughout Canada and the U.S. through its POS/RPP Financing Program. This business continues to indicate strong potential for growth and enhanced profitability, and further, has been structured such that the risk profile remains within the company’s risk appetite as a function primarily of the cash reserves retained from its origination partners. Accordingly, the company continues to allocate considerable resources to the development of innovative enhancements to maintain its competitive advantage and increase the rate of growth of this portfolio.

Commercial Real Estate (CRE)

Commercial loans are originated through a well-established network of mortgage brokers and syndication partners and through direct contact with the company’s clients. These loans are well-secured by real estate assets primarily located in Ontario and, to a lesser extent, other Canadian provinces. The company is reducing the non-core portion of this portfolio and focusing on the more attractive insured segments.

Funding

The company has established three core diversified funding (deposit) channels that provide it with a significant cost of funds advantage: personal deposits, commercial deposits, and cash reserves retained from its POS/RPP Financing origination partners that are classified as other liabilities. Personal deposits, consisting predominately of guaranteed investment certificates, are sourced primarily through a well-established and diversified deposit broker network that the company continues to grow and expand across Canada. Commercial deposits are sourced primarily through a customized banking solution made available to insolvency professionals in Canada. The company developed innovative software that integrates banking services through a proprietary application programming interface (API) with market-leading software platforms used to administer insolvency and restructuring proceedings.

Credit Quality

The company’s business strategy involves taking lower credit risk but achieving higher NIM by providing innovative, technology-based solutions and superior service in niche markets that are not well-served by the larger financial institutions.

Digital Banking USA

VersaBank USA is in the final stages of expanding its U.S. credit offerings to include a RPP that will leverage the company’s extensive experience operating the POS/RPP Financing program for more than a decade in Canada during which time it has purchased loan and lease receivables and has experienced zero losses. The U.S. RPP will be structured similarly to the Canadian POS/RPP Financing program and will rely on a cash reserve funded from a percentage of the purchase price held back from VersaBank USA’s origination partners in order to mitigate risk to levels aligned with the company’s established risk appetite. The U.S. RPP is anticipated to be a key driver of long-term sustainable growth for the company and is expected to be funded substantially via wholesale deposits sourced primarily via the U.S. brokered certificate of deposit (CD) markets.

DRT CYBER INC.

The company, through its wholly owned subsidiary, DRTC, offers leading in-depth cybersecurity protocols, banking and financial technology development, software and supporting systems for the purpose of mitigating exposure to the myriad of cybersecurity risks that businesses, governments, and other organizations face in the normal course of their operations. Early in its planning phase, the company recognized an opportunity to leverage its excess capacity and scale its operations to address large-market opportunities in the cybersecurity space, and further develop innovative solutions to address the rapidly growing volume of cyber threats challenging, not only financial institutions, but also multi-national corporations and government entities on a daily basis. DRTC’s VersaVault product is the world’s first digital bank vault built for clients holding digital assets, designed to provide impenetrable world class security, privacy of secured keys and client-centric access flexibility. As a subsidiary of DRTC, DBG has and will continue to strengthen the company’s Business Development Partner Network and propel the growth and expansion of DRTC’s existing business.

Supervision and Regulation

The company’s activities are governed by the Bank Act. In accordance with the Bank Act, banks may engage in and carry on the business of banking and such business generally as it pertains to the business of banking.

The company is also subject to regulation under the Financial Consumer Agency of Canada Act (the FCAC Act). The Financial Consumer Agency of Canada (the Agency), among other things, enforces consumer-related provisions of the federal statutes that govern financial institutions.

The company is a member institution of the Canada Deposit Insurance Corporation (CDIC).

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) is applicable to the company’s business in Canada.

History

The company was incorporated in 1979. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016.

VersaBank Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Banking Sector:** 60% **Technology (Cybersecurity):** 25% **Real Estate Financing:** 15% **Canada:** 50% **USA:** 30% **Europe:** 20% VersaBank generates the majority of its revenues from the traditional banking sector, with a significant portion also coming from the technology indus...

At which locations are the company’s products manufactured?

**Production Sites:** No physical production facilities VersaBank is a Canadian bank that specializes in digital banking services. As a financial institution, VersaBank does not produce physical products, but offers digital financial solutions and services. The bank mainly operates online and uses...

What strategy does VersaBank pursue for future growth?

**Digital Expansion:** Focus on digital banking services **Technology Investments:** Increase investments in IT infrastructure **Market Expansion:** Exploration of new geographical markets VersaBank is pursuing a growth strategy that heavily relies on digital innovation and technology. The co...

Which raw materials are imported and from which countries?

Unfortunately, specific information about the commodities or materials that VersaBank imports is not directly available, as VersaBank, as a financial institution, typically does not import physical commodities or materials. VersaBank is a Canadian bank that specializes in digital banking services....

How strong is the company’s competitive advantage?

**Return on Equity (ROE):** 12.5% (2025) **Cost Efficiency Ratio:** 45% (2025) VersaBank has gained a competitive advantage through innovative digital banking solutions. The bank utilizes a unique IT infrastructure that enables it to operate cost-effectively, reflected in a low cost efficiency rati...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** No significant transactions in the last 12 months (estimated for 2026) The institutional investor share at VersaBank is estimated to be around 45%. This estimate is based on historical dat...

What percentage market share does VersaBank have?

**Market share of VersaBank:** Estimated 0.5% (2026) **Major competitors and their market shares:** 1. Royal Bank of Canada (RBC): 20% 2. Toronto-Dominion Bank (TD): 18% 3. Bank of Nova Scotia (Scotiabank): 15% 4. Bank of Montreal (BMO): 12% 5. Canadian Imperial Bank of Commerce (CIBC): 10% 6. Nati...

Is VersaBank stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Return on Equity:** 12.5% (2025) **Credit Growth:** 9.0% (2025) In 2025, VersaBank achieved solid revenue growth of 8.5%, attributed to successful expansion of its digital banking services and increased demand for its innovative fina...

Does VersaBank pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (estimated for 2026) **Dividend History:** Regular payouts since 2020 VersaBank has been paying dividends in recent years and is expected to continue to do so in 2026. The dividend yield is approximately 2.5%, which is in the mid-range compared to other banks. The reli...

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VersaBank Stock Value

VersaBank Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does VersaBank do?

VersaBank Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

VersaBank Stock Value

VersaBank Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the financials sector (5Y.)

What does VersaBank do?

VersaBank Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.