VersaBank reports results for the quarter ended in October - Earnings Summary

VersaBank

13/12/2023 14:33

* VersaBank  VBNK.TO  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of three analysts for the quarter
was for earnings of 42 cents per share. Wall Street expected
results to range from 40 cents to 44 cents per share.
    * Revenue rose 8.2% to C$26.24 million from a year ago;
analysts
expected C$26.90 million. 
    * VersaBank's reported EPS for the quarter was 47 cents​.
    * The company reported quarterly net income of C$12.48
million.
    * VersaBank shares had risen by 2.2% this quarter and
gained 7.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for VersaBank
is
C$14.00 

This summary was machine generated from LSEG data December 13 at
02:32 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.42           0.47           Beat
 Jul. 31 2023      0.40           0.38           Missed
 Apr. 30 2023      0.36           0.38           Beat
 Jan. 31 2023      0.26           0.34           Beat