VersaBank Q1 EPS Hits $0.27; Revenue Up 34% to $26.33M
VersaBank reported Q1 adjusted EPS of $0.27 versus $0.20 a year ago, matching consensus, while revenue rose 34% to $26.33 million, beating forecasts by 0.14%. Shares have gained 13% year-to-date, and analysts forecast $0.30 EPS on $27.56 million revenue next quarter.
1. Q1 Financial Results
VersaBank posted Q1 adjusted earnings of $0.27 per share, up from $0.20 a year earlier, in line with analyst expectations. Revenue climbed 34% year-over-year to $26.33 million, marking a second revenue beat in the last four quarters by a margin of 0.14%.
2. Share Performance
Shares of VersaBank have rallied approximately 13% since the start of the year, outperforming the S&P 500’s 0.5% gain as investors reward consistent earnings delivery and robust revenue growth during the quarter.
3. Outlook and Estimates
Analysts project $0.30 EPS on $27.56 million in revenue for the upcoming quarter and $1.36 EPS on $115.71 million for the full year. Mixed estimate revisions have kept the consensus at a Hold rating, with the bank’s industry ranking in the top 13% by performance.