VersaBank (VBNK)
Market Price (12/28/2025): $15.05 | Market Cap: $483.4 MilSector: Financials | Industry: Regional Banks
VersaBank (VBNK)
Market Price (12/28/2025): $15.05Market Cap: $483.4 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 8.9% | Trading close to highsDist 52W High is -0.5% | Key risksVBNK key risks include [1] costs, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -98% | Weak multi-year price returns2Y Excs Rtn is -0.1% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34% | ||
| Low stock price volatilityVol 12M is 40% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Online Banking & Lending, and Digital Asset Custody. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 8.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -98% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Online Banking & Lending, and Digital Asset Custody. |
| Trading close to highsDist 52W High is -0.5% |
| Weak multi-year price returns2Y Excs Rtn is -0.1% |
| Key risksVBNK key risks include [1] costs, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Between August 31, 2025, and December 28, 2025, VersaBank (VBNK) experienced a significant stock movement, likely driven by several key developments.
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<b>1. Strong Q4 2025 Financial Performance:</b> VersaBank reported robust fourth-quarter results on December 10, 2025, showcasing record total assets of $5.81 billion, a 20% year-over-year increase. Credit assets also grew by 20% compared to Q4 2024, and total revenue climbed 29% from the previous year to $35.1 million, exceeding analyst estimates. The adjusted net income surged by 91% year-over-year to $10.5 million.
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<b>2. Significant US Expansion and Receivable Purchase Program (RPP) Growth:</b> A major driver of the stock's performance was the impressive growth in VersaBank's US operations. The Digital Banking USA segment saw its revenue increase by 275% year-over-year to $5.2 million, with net income from US operations soaring 330% to nearly $2 million. The bank's Receivable Purchase Program (RPP) in the US completed US$200 million in fundings during Q4 alone, successfully surpassing its fiscal 2025 target of US$290 million with US$310 million in total US RPP fundings.
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<b>3. Positive Q3 2025 Earnings and Strategic Expansions:</b> Earlier in the period, on September 4, 2025, VersaBank reported strong third-quarter results. Total assets grew 21% year-over-year to almost $5.5 billion, and total revenue reached a record $31.6 million, marking a 17% year-over-year increase. The bank also continued to expand its RPP in both the US and Canada, adding new partners and launching a tokenized deposit pilot program in the United States.
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<b>4. Launch of Enhanced CMHC Lending Program:</b> In November 2025, VersaBank introduced an enhanced CMHC lending program. This initiative is projected to generate at least $2 million in incremental revenue for fiscal 2026, with minimal additional operating expenses, contributing positively to future earnings expectations.
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<b>5. New 52-Week High and Favorable Analyst Sentiment:</b> VersaBank's stock reached a new 52-week high of $15.57 by mid-December 2025. This achievement, alongside positive analyst ratings, reflected growing investor confidence in the company's strategic expansion and continued growth potential, with some analysts maintaining "Outperform" or "Buy" recommendations.
Show moreStock Movement Drivers
Fundamental Drivers
The 17.8% change in VBNK stock from 9/27/2025 to 12/27/2025 was primarily driven by a 18.2% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 12.73 | 15.00 | 17.80% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 116.83 | 124.64 | 6.68% |
| Net Income Margin (%) | 24.62% | 22.83% | -7.28% |
| P/E Multiple | 14.33 | 16.93 | 18.17% |
| Shares Outstanding (Mil) | 32.37 | 32.12 | 0.77% |
| Cumulative Contribution | 17.79% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VBNK | 17.8% | |
| Market (SPY) | 4.3% | 22.7% |
| Sector (XLF) | 3.3% | 43.8% |
Fundamental Drivers
The 31.9% change in VBNK stock from 6/28/2025 to 12/27/2025 was primarily driven by a 46.0% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 11.37 | 15.00 | 31.94% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 112.25 | 124.64 | 11.04% |
| Net Income Margin (%) | 28.41% | 22.83% | -19.64% |
| P/E Multiple | 11.59 | 16.93 | 46.05% |
| Shares Outstanding (Mil) | 32.52 | 32.12 | 1.23% |
| Cumulative Contribution | 31.92% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VBNK | 31.9% | |
| Market (SPY) | 12.6% | 23.4% |
| Sector (XLF) | 7.4% | 34.3% |
Fundamental Drivers
The 11.1% change in VBNK stock from 12/27/2024 to 12/27/2025 was primarily driven by a 92.0% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.50 | 15.00 | 11.13% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 111.63 | 124.64 | 11.65% |
| Net Income Margin (%) | 35.61% | 22.83% | -35.88% |
| P/E Multiple | 8.82 | 16.93 | 91.96% |
| Shares Outstanding (Mil) | 25.97 | 32.12 | -23.68% |
| Cumulative Contribution | 4.90% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VBNK | 11.1% | |
| Market (SPY) | 17.0% | 45.0% |
| Sector (XLF) | 15.3% | 44.9% |
Fundamental Drivers
The 104.7% change in VBNK stock from 12/28/2022 to 12/27/2025 was primarily driven by a 91.2% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.33 | 15.00 | 104.67% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 82.39 | 124.64 | 51.28% |
| Net Income Margin (%) | 27.50% | 22.83% | -16.98% |
| P/E Multiple | 8.86 | 16.93 | 91.17% |
| Shares Outstanding (Mil) | 27.38 | 32.12 | -17.31% |
| Cumulative Contribution | 98.54% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VBNK | 38.6% | |
| Market (SPY) | 48.0% | 38.2% |
| Sector (XLF) | 51.3% | 42.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VBNK Return | -5% | 120% | -36% | 47% | 27% | 9% | 172% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| VBNK Win Rate | 8% | 25% | 17% | 42% | 58% | 58% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| VBNK Max Drawdown | -5% | 0% | -44% | -15% | -13% | -36% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | VBNK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.4% | -25.4% |
| % Gain to Breakeven | 105.6% | 34.1% |
| Time to Breakeven | 466 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -7.5% | -33.9% |
| % Gain to Breakeven | 8.2% | 51.3% |
| Time to Breakeven | 574 days | 148 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
VersaBank's stock fell -51.4% during the 2022 Inflation Shock from a high on 11/12/2021. A -51.4% loss requires a 105.6% gain to breakeven.
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AI Analysis | Feedback
The **Ally Bank** for secure digital asset storage.
A **regulated bank** acting as the Iron Mountain for digital assets.
AI Analysis | Feedback
- Banking-as-a-Service (BaaS): Provides core digital banking infrastructure and services to fintech companies and other financial institutions.
- Specialized Loan Portfolios: Offers a range of financing solutions including commercial real estate loans, point-of-sale loans, and bulk receivables financing.
- Digital Deposit Services: Provides high-interest savings accounts and guaranteed investment certificates primarily through digital channels for individuals and businesses.
- VersaVault (Digital Asset Storage): Offers a proprietary, highly secure digital vault service for storing cryptocurrencies and other digital assets.
AI Analysis | Feedback
VersaBank (VBNK) primarily operates a business-to-business (B2B) model, serving other companies and financial intermediaries rather than directly serving a large number of individual retail customers. Due to the nature of its "private label" and partner-centric banking solutions, VersaBank typically does not publicly disclose the specific names of its numerous customer companies and partners.
Therefore, while specific names of customer companies are not publicly available, its major categories of customer companies include:
- Financial Intermediaries: This category includes mortgage brokers, independent wealth management firms, financial advisors, and smaller financial institutions (like credit unions or trust companies). These partners leverage VersaBank's "private label" deposit and lending solutions to offer financial products to their own client base, with VersaBank acting as the underlying bank.
- Point-of-Sale (POS) Finance Partners: This includes various retailers, merchants, and specialized finance companies that partner with VersaBank. VersaBank provides financing solutions for these businesses to offer to their customers at the point of sale for purchases of goods and services.
- Commercial Real Estate Developers and Investors: VersaBank provides financing for commercial real estate projects, including development, acquisition, and refinancing for businesses and investors in the property sector.
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- Oracle Corporation (Symbol: ORCL)
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David R. Taylor, President & Chief Executive Officer
David R. Taylor is the founder of VersaBank, having acquired Pacific & Western Trust in 1993 and transforming it into the world's first branchless, electronic bank, which received its Schedule I bank license in 2002. He also founded Discovery Air in 2004, an aviation services company, and VersaBanq Innovations Inc. in 2007, which developed the banking software used by VersaBank. In 2019, he founded DRT Cyber Inc., a cybersecurity subsidiary of VersaBank.
Susan T. McGovern, Interim Chief Executive Officer and Vice Chair
Susan T. McGovern was appointed Interim Chief Executive Officer in May 2025. She also serves as Vice Chair.
John Asma, Chief Financial Officer
John Asma was appointed Chief Financial Officer in December 2023. Prior to this role, he served as the Treasurer for VersaBank.
Shawn Clarke, Chief Operating Officer
Shawn Clarke was appointed Chief Operating Officer in December 2023. He joined VersaBank in 2005 and previously served as the Chief Financial Officer from January 2017 to December 2023. His tenure at VersaBank has included various senior positions, such as Chief Risk Officer and Senior Vice President, Operations. Prior to joining VersaBank, Mr. Clarke was the Chief Operating Officer at Discovery Air from 2005 to 2009, a company also founded by David Taylor.
Nick Kristo, Senior Vice President, Chief Credit Officer
Nick Kristo serves as Senior Vice President and Chief Credit Officer. He has been with VersaBank since 2004, also holding the title of SVP, Credit Risk and Chief Risk Officer. His previous experience includes roles as Assistant Vice President, Credit, at Bank of America Global Vendor Finance and Senior Manager Credit at Dell Financial Services.
AI Analysis | Feedback
The key risks to VersaBank (VBNK) are:
- Interest Rate Environment and Net Interest Margin (NIM) Compression: Like other banks, VersaBank is significantly exposed to macro-level risks stemming from the interest rate environment. Changes in monetary policy by central banks, such as the Bank of Canada and the U.S. Federal Reserve, directly impact its net interest margin. A flat yield curve, for instance, can compress this margin, especially amidst increasing competition for quality assets.
- Costs and Execution Risks Associated with U.S. Strategic Realignment and Growth Capitalization: VersaBank is undergoing a structural realignment to establish a U.S. bank holding company (VersaHoldings US Corp). While this is a strategic move for long-term cost reduction and market access, it incurs immediate and concrete financial risks due to transition costs. Furthermore, aggressive growth in its U.S. loan portfolio could lead to the bank needing to raise additional capital, potentially at undervalued levels, which could dilute existing shareholders.
- Intense Competition in the Digital and Embedded Finance Space: The digital and embedded finance sectors are characterized by fierce competition. This competitive landscape can exert pressure on VersaBank's margins and its ability to attract and retain partners and customers.
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- Increased competition from new digital-first banks (neobanks) and fintech companies that are rapidly growing and offering similar branchless banking services, potentially eroding VersaBank's historical first-mover advantage and competitive positioning in the digital banking space.
- The rapid emergence and widespread adoption of "Buy Now, Pay Later" (BNPL) financing options, which directly compete with and potentially disrupt VersaBank's traditional point-of-sale financing business model by offering alternative, often interest-free, installment payment solutions to consumers.
- The rapidly evolving and uncertain regulatory landscape surrounding digital assets and cryptocurrencies. As VersaBank has made a significant strategic investment in its VersaVault technology for secure digital asset custody, adverse or highly restrictive regulatory changes could significantly impact the viability and growth potential of this key emerging business segment.
AI Analysis | Feedback
VersaBank (VBNK) operates in several key markets, primarily in Canada, with an expanding presence in the United States for some of its services. The addressable market sizes for its main products and services are outlined below:
Digital Banking and Deposit Accounts
The Canadian digital banking market, which encompasses services like deposit accounts offered by VersaBank, was estimated at USD 6.5 billion in 2024. This market is projected to grow to USD 15.1 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.96% during this period. The broader Canadian FinTech market, which includes digital banking, reached USD 4.38 billion in 2024 and is projected to reach USD 18.84 billion by 2033, with a CAGR of 15.72%.
Point-of-Sale (POS) Financing / Receivable Purchase Program (RPP)
VersaBank's Receivable Purchase Program (RPP) involves purchasing loan and lease receivables from finance companies, particularly in areas like e-commerce and home improvement. While a specific, recent market size for Canadian POS financing as a whole is not readily available, the "Buy Now, Pay Later" (BNPL) segment, a form of POS financing, in Canada is expected to grow by 12.0% annually to reach US$7.50 billion in 2025. It is projected to further expand to approximately US$11.32 billion by the end of 2030. Additionally, the Canadian digital lending platform market, which includes POS financing, generated revenues of USD 812.4 million in 2024 and is expected to reach USD 3,416.1 million by 2030, with a CAGR of 27.6%. VersaBank has stated its intention to expand its RPP into the "multi-trillion-dollar US market".
Commercial Real Estate (CRE) & Corporate Lending
VersaBank provides commercial real estate and corporate lending, as well as project financing. The Canadian Commercial Banking Market, which includes commercial and industrial loans, residential, agricultural, and real estate loans, was valued at USD 274.65 billion in 2023. This market is projected to reach USD 303.49 billion by 2033, with a CAGR of 2.02%. Annual commercial mortgage origination in Canada reached an estimated $86.4 billion in 2023.
Cybersecurity Solutions (DRT Cyber Inc.)
Through its subsidiary, DRT Cyber Inc., VersaBank offers cybersecurity solutions and digital vault services. The Canadian cybersecurity market is estimated at USD 13.37 billion in 2025 and is expected to reach USD 22.84 billion by 2030, with a CAGR of 11.30%. Other estimates for the Canadian cybersecurity market include USD 14.05 billion in 2024, projected to reach USD 27.42 billion by 2030 with a CAGR of 11.8%, and USD 9.18 billion in 2024, projected to reach USD 21.53 billion by 2034 with a CAGR of 8.90%.
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VersaBank (VBNK) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and existing strengths:
- Expansion of the Receivable Purchase Program (RPP) in Canada: VersaBank's Point-of-Sale (POS) financing business, which forms a significant part of its Receivable Purchase Program, has consistently been a primary driver of loan portfolio growth in Canada. For instance, in fiscal 2023, this business increased by 30% year-over-year. The bank anticipates continued steady growth in Canada for its RPP.
- Expansion of the Receivable Purchase Program (RPP) into the U.S. Market: A significant driver for future revenue is the strategic expansion of VersaBank's proven RPP solution into the much larger U.S. market. The bank is leveraging its existing technology and expertise to replicate its Canadian success, which is expected to lead to rapid revenue growth, significant operating leverage, and higher returns on equity. VersaBank has already started partnering with U.S. originators, such as Watercress Financial, focusing on high-quality consumer loans in sectors like home improvement. The U.S. expansion is also anticipated to be net interest margin (NIM) accretive due to decreased funding costs and increased loan yields. Management expects continued expansion of their US RPP portfolio, targeting at least US$290 million by fiscal year-end.
- Growth in Capital-Light Income Streams: VersaBank is focusing on increasing its capital-light income streams. This includes the transition of its real estate portfolio towards higher-return opportunities such as Canada Mortgage and Housing Corporation (CMHC)-insured loans. Additionally, the bank expects to generate income from syndicated fees by partnering with other U.S. banks for RPP loans, earning a fee on the portion syndicated to partners.
- Growth of the Cybersecurity Subsidiary (DRTC): The bank's cybersecurity subsidiary, Digital Retail Transaction Company (DRTC), has shown solid profitable growth. VersaBank expects continued growth and success from this segment, capitalizing on the rapidly expanding cybersecurity market and its engagements with major North American financial institutions.
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Share Repurchases
- VersaBank received approval for a Normal Course Issuer Bid (NCIB) on August 15, 2022, allowing it to purchase for cancellation up to 1,700,000 common shares, representing approximately 9.54% of its public float. This bid was active until August 16, 2023.
- On April 28, 2025, VersaBank received approval for a new NCIB to repurchase up to 2,000,000 common shares, approximately 8.99% of its public float, with the program running from April 30, 2025, to April 29, 2026.
- The purchase and cancellation of common shares under the NCIB during fiscal 2023 contributed to an increase in earnings per share.
Share Issuance
- On December 18, 2024, VersaBank completed a public offering, selling 5,660,378 common shares at US$13.25 per share, raising gross proceeds of US$75,000,009 (approximately CAD$107.3 million).
- The bank granted underwriters an over-allotment option to purchase up to an additional 15% of the common shares sold, exercisable until January 15, 2025.
- The net proceeds from this offering are intended for general banking purposes and to qualify as Common Equity Tier 1 capital.
Outbound Investments
- On August 30, 2024, VersaBank acquired 100% of the outstanding shares of Stearns Bank Holdingford N.A. (SBH) through its US subsidiary for approximately US$14.0 million (CA$19.3 million).
- The acquisition of SBH, renamed VersaBank USA N.A., is expected to provide access to US deposits and support the growth of its Receivable Purchase Program business in the US.
- This acquisition is anticipated to be accretive to VersaBank's earnings per share within the first year following its closing.
Capital Expenditures
- Capital expenditures for the latest 12 months (prior to November 2025) were CAD$561,000.
- Fiscal 2024 saw one-time expenses of $3.7 million related to the acquisition of SBH, incentive awards, and adjustments for fixed asset write-downs.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can VersaBank Stock Really Go? | Return |
| Title | |
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| ARTICLES |
Trade Ideas
Select ideas related to VBNK. For more, see Trefis Trade Ideas.
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| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -1.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.1% | -11.1% | -12.1% |
Research & Analysis
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Wealth Management
Peer Comparisons for VersaBank
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Digital Banking Canada | 101 | 77 | 60 | 54 |
| DRT Cyber Inc (DRTC) | 10 | 6 | 5 | |
| Eliminations / Adjustments | -2 | -0 | -0 | |
| Total | 109 | 82 | 65 | 54 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Digital Banking Canada | 41 | 24 | 22 | |
| DRT Cyber Inc (DRTC) | 1 | -1 | 1 | |
| Eliminations / Adjustments | 0 | 0 | ||
| Total | 42 | 23 | 22 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Digital Banking Canada | 4,191 | 3,267 | 2,412 | |
| DRT Cyber Inc (DRTC) | 26 | 22 | 22 | |
| Eliminations / Adjustments | -16 | -24 | -19 | |
| Total | 4,202 | 3,266 | 2,415 |
Price Behavior
| Market Price | $15.00 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 05/08/2019 | |
| Distance from 52W High | -0.5% | |
| 50 Days | 200 Days | |
| DMA Price | $12.54 | $11.51 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 19.7% | 30.3% |
| 3M | 1YR | |
| Volatility | 31.7% | 40.6% |
| Downside Capture | 35.67 | 95.91 |
| Upside Capture | 107.17 | 91.38 |
| Correlation (SPY) | 23.1% | 44.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.66 | 0.55 | 0.69 | 0.71 | 0.96 | 0.76 |
| Up Beta | 0.23 | 0.20 | 0.58 | 0.21 | 0.90 | 0.70 |
| Down Beta | 0.16 | 0.59 | 0.63 | 0.59 | 0.93 | 0.92 |
| Up Capture | 97% | 51% | 90% | 76% | 64% | 48% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 18 | 31 | 66 | 117 | 366 |
| Down Capture | 76% | 70% | 63% | 107% | 117% | 87% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 21 | 29 | 56 | 127 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of VBNK With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| VBNK | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.2% | 16.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 40.4% | 19.0% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.36 | 0.67 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 44.4% | 44.5% | 1.8% | 21.7% | 37.5% | 20.5% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of VBNK With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| VBNK | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 28.0% | 16.1% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 56.8% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.59 | 0.71 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 22.1% | 19.9% | 2.7% | 11.0% | 16.9% | 14.5% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of VBNK With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| VBNK | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 17.4% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 56.5% | 22.3% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.59 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 22.3% | 20.2% | 2.7% | 11.3% | 17.1% | 14.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 10312025 | 12102025 | 40-F 10/31/2025 |
| 7312025 | 9042025 | 6-K 7/31/2025 |
| 4302025 | 6042025 | 6-K 4/30/2025 |
| 1312025 | 3052025 | 6-K 1/31/2025 |
| 10312024 | 12092024 | 40-F 10/31/2024 |
| 7312024 | 9052024 | 6-K 7/31/2024 |
| 4302024 | 6052024 | 6-K 4/30/2024 |
| 1312024 | 3062024 | 6-K 1/31/2024 |
| 10312023 | 12132023 | 40-F 10/31/2023 |
| 7312023 | 8302023 | 6-K 7/31/2023 |
| 4302023 | 6072023 | 6-K 4/30/2023 |
| 1312023 | 3082023 | 6-K 1/31/2023 |
| 10312022 | 12072022 | 40-F 10/31/2022 |
| 7312022 | 8312022 | 6-K 7/31/2022 |
| 4302022 | 6012022 | 6-K 4/30/2022 |
| 1312022 | 3022022 | 6-K 1/31/2022 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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