VersaBank

VBNKFinancial·Banks - Regional·Canada·Small·NASD·Nov 11 • 3:59 PM ET

23.77-0.25 (-1.04%)

2026-11-12 03:23 CET

Market cap

770.60 USD m

Revenue, TTM

- USD m

Net income, TTM

24.42 USD m

Free cash flow, TTM

73.99 USD m

EPS diluted, TTM

0.76

P/E

31.23

Compare

Price

VBNK against its 20, 50 and 200-day averages

2050200missearnings

4.6% under the 52-week high of 24.93 on 10 Nov 2026. 52-week low 11.25 on 19 Nov 2025. Last 15 sessions, 15.7% high to low

Volume 0.85× normal · the line is the 50-bar volume average

Profile

VBNK

52-week range, 92% of the way up

11.2524.92

VersaBank engages in the provision of financial services. It operates through Digital Banking and DRTC. The Digital Banking segment offers business to business model using its financial technoolgy to address issues in the U.S. banking market. The DRTC segment refers to developed IT security software and capabilities. The company was founded by David Roy Taylor on January 18, 1993 and is headquartered in London, Canada.

Employees	131
IPO	Aug 11, 2017
Beta	1.03
ATR, 14d	0.84
Rel volume	0.85
Short float	2.32%
Insider own	35.70%
Inst own	38.10%

Snapshot

6 groups

Valuation

Index	-
Market Cap	770.62M
Enterprise Value	-
Income	24.42M
Sales	246.27M
Book/sh	12.44
Cash/sh	-
Dividend Est.	0.07 (0.30%)
Dividend TTM	0.07 (0.30%)
Dividend Ex-Date	Oct 09, 2026
Dividend Gr. 3/5Y	-4.35% 0.00%
Payout	11.07%
Employees	131
IPO	Aug 11, 2017

Ratios

P/E	31.23
Forward P/E	12.14
PEG	0.27
P/S	3.13
P/B	1.91
P/C	-
P/FCF	10.42
EV/EBITDA	-
EV/Sales	-
Quick Ratio	-
Current Ratio	45.19
Debt/Eq	0.19
LT Debt/Eq	0.19
Option/Short	Yes / Yes

Earnings

EPS (ttm)	0.76
EPS next Y	1.96
EPS next Q	0.34
EPS this Y	38.82%
EPS next Y	66.93%
EPS next 5Y	44.31%
EPS past 3/5Y	1.68% 1.24%
Sales past 3/5Y	28.12% 27.67%
EPS Y/Y TTM	12.25%
Sales Y/Y TTM	14.55%
EPS Q/Q	50.81%
Sales Q/Q	19.16%
Earnings	Sep 03 BMO
EPS/Sales Surpr.	-12.54% -3.24%

Ownership

Insider Own	35.70%
Insider Trans	0.00%
Inst Own	38.10%
Inst Trans	0.69%
ROA	0.55%
ROE	6.22%
ROIC	5.09%
Gross Margin	-
Oper. Margin	14.48%
Profit Margin	9.92%
SMA20	4.24%
SMA50	5.54%
SMA200	24.74%
Trades	-

Technical

Shs Outstand	32.42M
Shs Float	20.84M
Short Float	2.32%
Short Ratio	4.00
Short Interest	0.48M
52W High	24.92 -4.63%
52W Low	11.25 111.29%
Volatility	4.66% 3.37%
ATR (14)	0.84
RSI (14)	57.73
Beta	1.03
Rel Volume	0.85
Avg Volume	121.15K
Volume	103,516

Performance

Perf Week	3.57%
Perf Month	4.94%
Perf Quarter	18.20%
Perf Half Y	37.32%
Perf YTD	58.68%
Perf Year	103.86%
Perf 3Y	220.78%
Perf 5Y	82.57%
Perf 10Y	-
Recom	1.33
Target Price	23.23
Prev Close	24.02
Price	23.77
Change %	-1.04%

Analyst ratings

latest 6 of 6

Date	Action	Analyst	Rating change	Target	Implied
Jun 30, 2026	Upgrade	RRoth Capital	Neutral → Buy	$25	+5.2%
Mar 06, 2025	Downgrade	RROTH MKM	Buy → Neutral	$22 → $10.40	-56.2%
Sep 27, 2024	Initiated	RROTH MKM	Buy	$18	-24.3%
Aug 28, 2024	Initiated	KKeefe Bruyette	Outperform
Dec 19, 2022	Resumed	RRaymond James	Outperform	$9	-62.1%
Nov 29, 2022	Initiated	KKeefe Bruyette	Outperform

Date

Action

Analyst

Rating change

Target

Implied

Jun 30, 2026

Upgrade

RRoth Capital

Neutral → Buy

$25

+5.2%

Mar 06, 2025

Downgrade

RROTH MKM

Buy → Neutral

$22 → $10.40

-56.2%

Sep 27, 2024

Initiated

RROTH MKM

Buy

$18

-24.3%

Aug 28, 2024

Initiated

KKeefe Bruyette

Outperform

Dec 19, 2022

Resumed

RRaymond James

Outperform

-62.1%

Nov 29, 2022

Initiated

KKeefe Bruyette

Outperform

Peers

Mkt cap

Ticker	Company	Mkt cap
TBBK	Bancorp Inc	1.94B
CASH	Pathward Financial Inc	1.56B
CCB	Coastal Financial Corp	664.56M
NBN	Northeast Bank	1.10B
AX	Axos Financial Inc	5.20B
ESQ	Esquire Financial Holdings Inc	1.61B
LOB	Live Oak Bancshares Inc	1.59B
CUBI	Customers Bancorp Inc	2.84B
FINW	FinWise Bancorp	199.70M
MBIN	Merchants Bancorp	2.46B

Ticker

Company

Mkt cap

TBBK

Bancorp Inc

1.94B

CASH

Pathward Financial Inc

1.56B

CCB

Coastal Financial Corp

664.56M

NBN

Northeast Bank

1.10B

Axos Financial Inc

5.20B

ESQ

Esquire Financial Holdings Inc

1.61B

LOB

Live Oak Bancshares Inc

1.59B

CUBI

Customers Bancorp Inc

2.84B

FINW

FinWise Bancorp

199.70M

MBIN

Merchants Bancorp

2.46B

Held by

AUM

Ticker	Company	AUM
GWX	State Street SPDR S&P International Small Cap ETF	AUM: 906.57M
QABA	First Trust NASDAQ ABA Community Bank Index Fund	AUM: 88.00M
DFIS	Dimensional International Small Cap ETF	AUM: 5.82B
DFIC	Dimensional International Core Equity 2 ETF	AUM: 15.45B
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	AUM: 12.02B

Ticker

Company

AUM

GWX

State Street SPDR S&P International Small Cap ETF

AUM: 906.57M

QABA

First Trust NASDAQ ABA Community Bank Index Fund

AUM: 88.00M

DFIS

Dimensional International Small Cap ETF

AUM: 5.82B

DFIC

Dimensional International Core Equity 2 ETF

AUM: 15.45B

DFAX

Dimensional World ex U.S. Core Equity 2 ETF

AUM: 12.02B

News

latest 14 of 200

Nov-09-26 07:00AMVersabank Surpasses Target of US$1 Billion in Additional U.S. Structured Receivable Program Fundings for Fiscal 2026; Achieves Record Quarterly Growth for Total Assets (Newsfile Corp.) +7.89%
Oct-27-26 07:00AMVersaBank Receives Final Regulatory Approval to Complete Reorganization (Newsfile)
Oct-19-26 09:53AMMoney20/20 Just Programmed Six Stablecoin Sessions in Two Days. That Tells You the Pilot Phase Is Over. (Forkast News)
Oct-15-26 07:00AMVersaBank Initiates Commercial Phase of Tokenized Deposit Program in the United States (Newsfile)
Oct-14-26 07:00AMVersaBank Receives Canadian Finance Minister Approval for Reorganization (Newsfile)
Oct-01-26 05:00PMFiservs Digital Asset Platform Is Live. The Plumbing Is the Story. (Forkast News)
10:52AMFiservs stablecoin system starts (Payments Dive)
08:30AMVersabank Partners with Fiserv to Provide Critical Digital Asset Technology and Custody/Reserve Management Services for Bank of North Dakota's Roughrider Stablecoin (Newsfile)
Sep-22-26 07:00AMVersaBank Significantly Expands Addressable Market for Structured Receivable Program in the U.S. with Launch of Funding to Small Business Sector (Newsfile)
Sep-17-26 07:00AMVersaBank Shareholders Approve Proposed Reorganization (Newsfile)
Sep-06-26 07:00AMVersaBank (VBNK) (Q3 2026) Earnings Call Highlights: Record Assets Surpass $7 Billion, ... (GuruFocus.com)
Sep-04-26 12:22PMTSX movers: VersaBank jumps 10% as corporate catalysts lift top gainers (Investing.com) +8.84%
07:00AMVersaBank to Participate in the Raymond James US Bank and Banking on Tech Conference in Chicago on September 8-10, 2026 (Newsfile)
Sep-03-26 07:00AMVersaBank Reports Strong Third Quarter Results: Accelerating US SRP Growth Drives 23% Year-Over-Year Increase in Revenue, 53% Growth in Net Income and 27% Growth in Adjusted (Core) Net Income as It Continues to Benefit from Operating Leverage (Newsfile) +6.79%

Key figures

Revenue, TTM	-
Net income, TTM	24.42
EPS diluted, TTM	0.76
EBIT, TTM	35.65
Free cash flow, TTM	73.99
Gross margin	-%
Operating margin	14.48%
Net margin	9.92%
Market cap	770.60
P/E	31.23
Sales Y/Y, TTM	14.55%

USD millions. TTM from the statement feed.

Quarterly earnings

actual against estimate

Period	Reported	EPS act	EPS est	EPS rep	Sales act	Sales est	Analysts
2026Q3	2026-09-03	0.276	0.315	0.225	28.15	29.09	4
2026Q2	2026-06-03	0.281	0.253	0.171	27.59	26.50	4
2026Q1	2026-03-04	0.278	0.275	0.250	26.73	23.94	4
2025Q4	2025-12-10	0.238	0.254	0.117	25.33	24.29	2
2025Q3	2025-09-04	0.217	0.241	0.148	22.82	23.60	3
2025Q2	2025-06-04	0.190	0.204	0.185	22.05	21.57	3
2025Q1	2025-03-05	0.195	0.290	0.197	19.33	21.43	4
2024Q4	2024-12-09	0.142	0.310	0.148	19.33	21.30	3
2024Q3	2024-09-05	0.266	0.341	0.266	19.97	22.04	2
2024Q2	2024-06-05	0.328	0.340	0.329	20.78	21.78	3
2024Q1	2024-03-06	0.355	0.337	0.355	21.35	21.99	3
2023Q4	2023-12-13	0.346	0.308	0.347	21.49	21.54	3
2023Q3	2023-08-30	0.281	0.302	0.282	19.85	21.46	3
2023Q2	2023-06-07	0.285	0.258	0.283	19.98	19.82	3
2023Q1	2023-03-08	0.247	0.198	0.252	18.79	18.29	3
2022Q4	2022-12-07	0.169	0.175	0.171	17.82	16.88	2

Annual earnings

Period	EPS act	EPS est	EPS rep	Sales act	Sales est
2017FY	0.646	0.377	0.634	34.12	34.17
2018FY	0.562	0.546	0.584	38.69	38.81
2019FY	0.994	-	0.641	40.59	-
2020FY	0.653	-	0.606	-	-
2021FY	0.753	0.774	0.760	51.27	50.97
2022FY	0.581	0.596	0.614	60.54	60.19
2023FY	1.157	1.121	1.162	80.03	80.24
2024FY	1.056	1.239	1.097	79.09	82.76
2025FY	0.845	0.869	0.650	89.98	88.21
2026FY	-	1.173	-	-	112.34
2027FY	-	1.957	-	-	154.3
2028FY	-	2.538	-	-	186.85

Estimate revisions

last 14 periods

Period	Type	Date	Estimates	Up	Down	Mean	Low	High
2026Q4	S	2026-09-29	3	1	2	30.34	29.37	31.07
2026Q4	S	2026-09-03	3	2	1	30.64	29.37	31.98
2026Q4	S	2026-08-27	3	1	1	30.93	29.71	32.49
2026Q4	S	2026-08-18	3	0	1	31.09	29.84	32.49
2026Q4	S	2026-08-17	3	1	1	31.09	29.84	32.49
2026Q4	S	2026-06-29	3	2	1	31.09	29.84	32.49
2026Q4	S	2026-06-05	3	3	0	31.30	30.47	32.49
2026Q4	S	2026-06-04	3	2	0	31.15	30.02	32.49
2026Q4	S	2026-06-03	3	1	1	30.93	30.02	32.49
2026Q4	S	2026-06-01	3	0	2	30.53	30.02	31.28
2026Q4	S	2026-05-28	3	0	1	30.64	30.02	31.63
2026Q4	S	2026-05-18	3	0	0	30.84	30.02	31.63
2026Q4	S	2026-03-04	3	1	2	30.84	30.02	31.63
2026Q4	S	2026-02-23	3	0	0	29.27	22.52	32.70

Estimate history

Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
EPS, annual	0.634	0.584	0.641	0.606	0.76	0.614	1.162	1.097	0.645	0.7612
EPS, quarterly	0.266	0.148	0.197	0.185	0.148	0.117	0.25	0.171	0.223
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Sales, annual	54.74	63.001	66.479	64.026	75.482	103.265	176.392	216.254	217.194	246.27
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Sales, quarterly	53.812	55.368	53.057	51.403	55.155	57.601	60.439	62.505	65.722
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Shares, annual	21.124	21.124	21.124	21.124	27.441	27.246	25.964	26.003	31.946	32.419
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	MRQ
Shares, quarterly	25.964	26.003	32.519	32.519	32.168	31.946	32.069	32.196	32.419
Period	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26

Income statement, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Interest Income	239.23	211.14	209.66	170.03	98.46	71.11	63.98	66.46	62.86
Total Interest Expense	138.93	128.19	134.25	95.85	38.94	23.31	23.76	25.90	22.85
Net Interest Income	100.30	82.95	75.41	74.18	59.53	47.80	40.22	40.57	40.01
Loan Loss Provision	1.60	3.15	-0.20	0.45	0.35	-0.35	-0.26	-0.22	0.26
Net Interest Income After Loan Loss Provision	98.70	79.80	75.60	73.73	59.18	48.15	40.48	40.79	39.75
Non-Interest Income	7.04	6.05	6.59	6.36	4.80	4.37	0.04	0.02	0.14
Non-Interest Expense	70.08	56.22	41.95	37.35	38.70	28.06	20.64	19.87	20.46
Operating Income	35.65	29.63	40.25	42.74	25.27	24.47	19.88	20.94	19.43
Unusual Expense	-	0.00	0.00	-	-	-	-	-	0.00
Net Income Before Taxes	35.65	29.63	40.25	42.74	25.27	24.47	19.88	20.94	19.43
Income Taxes	11.23	9.31	11.05	11.48	7.68	6.68	5.46	5.74	5.39
Consolidated Net Income	24.42	20.32	29.20	31.26	17.59	17.78	14.42	15.20	14.04
Net Income From Continuing Operations	24.42	20.32	29.20	31.26	17.59	17.78	14.42	15.20	14.04
Net Income	24.42	20.32	28.47	30.53	16.83	16.53	12.81	13.54	12.33
EPS (Recurring)	0.76	0.64	1.10	1.16	0.61	0.76	0.61	0.64	0.58
EPS (Basic, Before Extraordinaries)	0.76	0.65	1.10	1.16	0.61	0.76	0.61	0.64	0.58
EPS (Diluted)	0.76	0.65	1.10	1.16	0.61	0.76	0.61	0.64	0.58
Non-Operating Income (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	0.83	0.04	0.18	0.49	0.84	0.00	-	-	-
Price To Earnings Ratio	31.23	31.23	11.57	6.58	11.30	16.69	8.74	8.01	8.09
Price To Sales Ratio	2.53	1.73	1.80	1.11	1.81	3.44	1.63	1.59	1.80
Operating Margin	14.48	13.64	18.61	24.23	24.47	32.41	31.05	31.50	30.84
Net Margin	9.92	9.36	13.17	17.31	16.29	21.90	20.01	20.37	19.57
Shares Outstanding	32.42	31.95	26.00	25.96	27.25	27.44	21.12	21.12	21.12
Market Capitalization	770.60	770.60	389.47	198.32	190.30	330.12	116.34	108.50	108.50

Income statement, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4
Interest Income	64.26	60.60	58.54	55.83	53.84	49.92	51.58	53.62
Total Interest Expense	37.93	34.57	34.12	32.31	32.17	30.20	33.46	35.39
Net Interest Income	26.33	26.03	24.42	23.52	21.67	19.72	18.11	18.23
Loan Loss Provision	-0.16	0.31	0.50	0.95	0.86	0.63	0.72	-0.11
Net Interest Income After Loan Loss Provision	26.50	25.72	23.92	22.57	20.81	19.09	17.39	18.35
Non-Interest Income	1.46	1.91	1.90	1.77	1.31	1.48	1.48	1.75
Non-Interest Expense	18.02	20.05	14.81	17.20	15.75	12.32	11.05	14.18
Operating Income	9.94	7.57	11.01	7.14	6.37	8.25	7.82	5.91
Unusual Expense	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income Before Taxes	9.94	7.57	11.01	7.14	6.37	8.25	7.82	5.91
Income Taxes	2.73	2.08	3.03	3.39	1.58	2.25	2.08	1.87
Consolidated Net Income	7.20	5.49	7.98	3.75	4.79	6.00	5.73	4.04
Net Income From Continuing Operations	7.20	5.49	7.98	3.75	4.79	6.00	5.73	4.04
Net Income	7.20	5.49	7.98	3.75	4.79	6.00	5.73	3.86
EPS (Recurring)	0.22	0.17	0.25	0.12	0.15	0.18	0.20	0.15
EPS (Basic, Before Extraordinaries)	0.22	0.17	0.25	0.12	0.15	0.18	0.20	0.15
EPS (Diluted)	0.22	0.17	0.25	0.12	0.15	0.18	0.20	0.15
Non-Operating Income (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	0.02	0.45	0.35	0.01	-	0.00	0.04	0.04
Price To Earnings Ratio	31.23	25.61	23.96	17.50	14.85	11.78	12.61	11.57
Price To Sales Ratio	2.53	2.43	2.22	1.76	1.79	1.68	1.84	1.81
Operating Margin	15.12	12.11	18.21	12.39	11.55	16.06	14.74	10.68
Net Margin	10.96	8.78	13.20	6.51	8.68	11.67	10.81	6.97
Shares Outstanding	32.42	32.20	32.07	31.95	32.17	32.52	32.52	26.00
Market Capitalization	770.60	574.36	495.47	381.83	384.37	360.31	449.97	389.47

Balance sheet, annual

Currency USD, millions
Metric	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY	2017FY
Cash & Due from Banks	415.17	161.59	95.26	64.94	219.05	193.23	105.87	98.82	124.05
Investments	58.43	215.41	122.75	104.48	0.77	0.00	7.65	7.63	0.20
Net Loans	3,599.16	3,023.31	2,758.67	2,193.97	1,696.62	1,241.17	1,212.99	1,241.98	1,179.78
Investment in Unconsolidated Affiliates	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customer Liability on Acceptances	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Property, Plant & Equipment	18.81	19.10	7.18	8.06	9.59	7.83	6.02	6.39	6.22
Interest Receivables	16.71	15.62	14.90	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	2.88	0.54	2.92	1.56	2.36	3.86	8.85	14.01	18.97
Other Intangible Assets	34.34	35.49	24.88	21.34	19.96	11.80	17.00	8.77	8.95
Total Assets	4,145.51	3,471.06	3,026.55	2,394.34	1,948.36	1,457.90	1,358.38	1,377.60	1,338.18
Total Deposits	3,419.73	2,918.12	2,500.42	1,948.27	1,495.06	1,175.66	1,065.08	1,094.56	1,067.42
Total Debt	75.78	75.71	79.68	80.22	80.99	12.54	29.10	32.86	33.39
Long Term Debt	75.35	75.19	79.15	79.70	80.45	5.98	29.10	32.86	33.39
Provision for Risks Charges	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.02	0.10	0.53	0.58	0.72	-	-	-	-
Other Liabilities	269.80	190.74	174.25	108.19	103.66	78.23	81.47	79.94	75.60
Total Liabilities	3,765.34	3,184.68	2,754.87	2,137.26	1,680.43	1,266.43	1,175.65	1,207.36	1,176.41
Preferred Stock - Carrying Value	0.00	0.00	9.83	10.00	11.01	22.00	22.32	22.34	22.76
Common Equity	380.17	286.38	261.85	247.08	256.92	169.46	160.40	147.90	139.01
Total Shareholders Equity	380.17	286.38	271.68	257.08	267.92	191.46	182.72	170.24	161.77
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity	380.17	286.38	271.68	257.08	267.92	191.46	182.72	170.24	161.77
Total Liabilities & Stockholders Equity	4,145.51	3,471.06	3,026.55	2,394.34	1,948.36	1,457.90	1,358.38	1,377.60	1,338.18
Book Value Per Share	11.90	11.01	10.08	9.07	9.36	8.02	7.59	7.00	6.58
Tangible Book Value Per Share	11.39	10.34	9.85	8.83	9.09	8.02	7.59	7.00	6.58
Tier 1 Capital	363.74	267.95	262.53	248.75	257.64	186.52	172.62	154.88	141.28
Tier 2 Capital	78.68	77.24	80.35	80.11	80.16	5.08	3.80	3.05	4.65
Full-Time Employees	131	121	119	101	145	98	92	86	80
Price to Book Ratio	1.91	1.36	0.76	0.76	1.33	0.70	0.68	0.69	-
Return on Assets	0.53	0.90	1.15	0.81	1.04	1.02	1.11	1.03	1.14
Return on Equity	6.10	10.46	11.82	6.70	7.74	7.71	8.61	8.46	9.91
Return on Invested Capital	4.46	8.08	8.91	5.22	5.11	7.30	7.18	6.91	7.63
Current Ratio	0.13	0.06	0.04	0.03	0.15	0.16	0.10	0.09	0.12

Cash flow, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Funds from Operations	25.93	19.92	31.47	61.00	32.98	20.65	17.98	18.40	17.58
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	52.44	87.47	10.60	16.51	11.63	17.72	3.40	-6.20	6.24
Cash from Operating Activities	78.37	107.40	42.07	77.51	44.61	38.36	21.38	12.20	23.82
Capital Expenditures	-4.38	-0.68	-13.65	-0.27	-0.45	-0.01	-0.18	-0.18	-0.77
Net Assets From Acquisitions	-	0.00	-8.90	0.00	0.00	-5.94	0.00	0.00	-
Sale of Fixed Assets and Businesses	-	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Purchase or Sale of Investments	61.77	156.05	-93.21	-20.59	-109.50	-0.76	7.43	0.00	-7.58
Purchase of Investments	-	-	-93.21	-20.59	-109.50	-0.76	-	0.00	-7.78
Sale Or Maturity of Investments	61.77	156.05	-	-	0.00	0.00	7.43	0.00	0.20
Other Uses	-7.64	-3.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Sources	-2.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activities	-973.27	-440.98	-341.89	-651.34	-793.58	-359.28	-35.41	30.17	-91.32
Cash Dividends Paid	-2.29	-2.31	-2.64	-2.67	-2.90	-3.06	-3.18	-2.77	-2.36
Change in Capital Stock	2.36	75.44	0.45	-9.65	-1.50	44.83	0.00	0.00	0.00
Repurchase of Common Pref Stock	-2.64	-6.52	0.00	-9.85	-1.50	-13.36	0.00	0.00	0.00
Sale of Common Pref Stock	5.00	81.96	0.45	0.21	0.00	58.19	0.00	0.00	0.00
Proceedsfrom Stock Options	5.00	81.96	0.45	0.21	0.00	58.19	0.00	0.00	0.00
Issuance or Reduction of Debt, Net	0.00	0.00	-14.41	0.00	0.00	63.14	-18.23	-3.86	0.00
Change in Long Term Debt	0.00	0.00	-14.41	0.00	0.00	70.00	0.00	-3.86	0.00
Issuance of Long Term Debt	-	-	-	-	-	71.12	-	3.67	-
Reduction of Long Term Debt	0.00	0.00	-14.41	0.00	0.00	-1.12	0.00	-7.53	0.00
Net Financing Active Other Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	916.56	589.76	367.24	610.36	608.77	332.57	102.09	-35.32	44.09
Exchange Rate Effect	-1.48	-1.64	0.90	-4.15	-1.84	-0.62	-	-	-
Net Change in Cash	20.18	254.54	68.32	32.37	-142.04	11.03	88.06	7.05	-23.40
Free Cash Flow	73.99	106.72	28.42	77.24	44.16	38.35	21.19	12.02	23.05
Preferred Dividends (Cash Flow)	-	0.00	-	-	-	-	-1.61	-	-1.71
Price to Free Cash Flow	8.68	3.61	15.12	2.63	4.53	7.35	5.80	11.42	5.48
Federal Home Loan Advances Increase (Decrease)	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance sheet, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2
Cash & Due from Banks	349.32	417.43	463.76	415.17	332.94	246.28
Investments	97.26	81.87	74.79	58.43	116.52	76.71
Net Loans	4,372.04	4,150.96	3,920.07	3,599.16	3,439.64	3,259.41
Investment in Unconsolidated Affiliates	0.00	0.00	0.00	0.00	0.00	0.00
Net Property, Plant & Equipment	22.42	23.13	19.73	18.81	19.31	19.67
Interest Receivables	20.12	19.11	18.40	16.71	16.52	15.63
Deferred Tax Assets	3.27	3.03	2.45	2.88	1.18	1.10
Other Intangible Assets	36.47	36.47	39.45	34.34	35.76	35.10
Total Assets	4,900.91	4,731.98	4,538.65	4,145.51	3,961.87	3,653.90
Total Deposits	4,212.76	4,056.21	3,876.20	3,419.73	3,347.01	3,044.37
Total Debt	76.45	76.65	76.78	75.78	75.96	75.95
Long Term Debt	76.45	76.65	76.78	75.35	75.96	75.95
Provision for Risks Charges	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.01	0.03	0.04	0.02	0.05	0.07
Other Liabilities	208.54	193.37	184.59	269.80	156.85	151.04
Total Liabilities	4,497.75	4,326.25	4,137.60	3,765.34	3,579.87	3,271.43
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	403.15	405.73	401.05	380.17	382.01	382.47
Total Shareholders Equity	403.15	405.73	401.05	380.17	382.01	382.47
Accumulated Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity	403.15	405.73	401.05	380.17	382.01	382.47
Total Liabilities & Stockholders Equity	4,900.91	4,731.98	4,538.65	4,145.51	3,961.87	3,653.90
Book Value Per Share	12.44	12.60	12.51	11.90	11.88	11.76
Tangible Book Value Per Share	12.00	12.15	11.99	11.39	11.36	11.24
Tier 1 Capital	385.60	387.74	381.65	363.74	366.87	367.21
Tier 2 Capital	62.27	76.31	79.02	78.68	79.47	78.58
Full-Time Employees	-	-	-	131	-	-
Price to Book Ratio	1.91	1.43	1.30	1.00	1.00	1.00
Return on Assets	0.55	0.52	0.56	0.53	0.57	0.67
Return on Equity	6.22	5.58	5.92	6.08	6.06	6.79
Return on Invested Capital	1.50	1.14	1.67	0.82	1.05	1.31
Current Ratio	45.19	68.29	81.58	0.13	44.65	39.43

Cash flow, quarterly

Currency USD, millions
Metric	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2
Funds from Operations	0.53	9.41	8.59	7.40	1.31	0.71
Extraordinary Item	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	25.27	10.43	-52.45	69.19	5.77	0.27
Cash from Operating Activities	25.80	19.85	-43.87	76.59	7.08	0.99
Capital Expenditures	-0.06	-4.00	-0.12	-0.20	0.02	0.52
Net Assets From Acquisitions	-	-	0.00	0.00	0.00	0.00
Sale of Fixed Assets and Businesses	-	-	0.00	0.00	0.00	0.00
Purchase or Sale of Investments	-18.80	-3.53	-13.76	61.03	-36.73	36.89
Purchase of Investments	-18.79	-3.54	-14.50	-	-	-
Sale Or Maturity of Investments	-0.01	0.01	0.75	61.03	-36.73	36.89
Other Uses	-3.81	0.00	0.00	-3.83	0.00	0.00
Other Sources	0.47	-5.88	5.40	-2.51	-0.49	3.00
Cash from Investing Activities	-359.71	-264.81	-199.89	-148.86	-228.41	-84.29
Cash Dividends Paid	-0.56	-0.59	-0.58	-0.56	-0.63	-0.57
Preferred Dividends (Cash Flow)	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	2.58	1.40	1.42	-3.03	-1.15	-0.58
Repurchase of Common Pref Stock	0.00	0.00	0.00	-2.64	-3.94	0.00
Sale of Common Pref Stock	2.58	1.40	1.42	-0.39	2.78	-0.58
Proceedsfrom Stock Options	2.58	1.40	1.42	-0.39	2.78	-0.58
Issuance or Reduction of Debt, Net	0.00	0.00	0.00	0.00	0.00	0.00
Change in Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Reduction of Long Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Financing Active Other Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	281.42	200.42	276.08	158.64	311.21	52.85
Exchange Rate Effect	-3.27	1.29	1.04	-0.55	0.34	-2.39
Net Change in Cash	-55.76	-43.25	33.37	85.82	90.22	-32.84
Free Cash Flow	25.74	15.85	-43.99	76.38	7.10	1.50
Price to Free Cash Flow	8.68	10.80	12.91	3.62	7.92	11.65

Revenue breakdown

Revenue split	-

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	2.32%	0.5M	20.8M	121.84K
2026-10-15	2.16%	0.4M	20.8M	126.58K
2026-09-30	2.19%	0.5M	20.8M	127.67K
2026-09-15	1.60%	0.3M	20.9M	124.23K
2026-08-31	1.08%	0.2M	20.8M	116.16K
2026-08-14	0.98%	0.2M	20.7M	108.98K
2026-07-31	0.86%	0.2M	20.7M	101.58K
2026-07-15	1.12%	0.2M	20.0M	99.80K
2026-06-30	0.97%	0.2M	20.0M	91.79K
2026-06-15	1.21%	0.2M	20.0M	73.07K
2026-05-29	1.99%	0.4M	19.9M	64.09K
2026-05-15	1.64%	0.3M	19.9M	64.93K
2026-04-30	1.51%	0.3M	19.9M	61.21K
2026-04-15	1.25%	0.2M	19.9M	53.26K
2026-03-31	1.05%	0.2M	19.9M	43.69K
2026-03-13	0.99%	0.2M	19.9M	45.53K
2026-02-27	0.73%	0.1M	19.8M	45.06K
2026-02-13	0.94%	0.2M	19.8M	44.93K
2026-01-30	0.90%	0.2M	19.8M	46.46K
2026-01-15	0.83%	0.2M	19.8M	47.97K

Option chain

expiry 2026-11-20

Type	Strike	Bid	Ask	Last	IV	Open int	Delta	Theta	Vega
call	12.50	9.50	13.50	0.00	6.025	0.00	0.902	-0.156	0.006
call	15.00	7.10	11.00	0.00	4.792	0.00	0.874	-0.147	0.008
call	17.50	4.60	8.50	0.00	3.757	0.00	0.835	-0.133	0.009
call	20.00	2.05	6.00	0.00	2.836	0.00	0.776	-0.115	0.011
call	22.50	0.20	3.80	1.10	2.180	5.00	0.645	-0.106	0.014
call	25.00	0.00	3.50	0.56	2.715	1.00	0.532	-0.217	0.015
call	30.00	0.00	2.65	0.00	3.145	0.00	0.409	-0.257	0.014
put	12.50	0.00	3.20	0.00	4.306	0.00	-0.098	-0.155	0.006
put	15.00	0.00	3.20	0.00	3.357	0.00	-0.126	-0.145	0.008
put	17.50	0.00	2.60	0.00	2.544	0.00	-0.165	-0.132	0.009
put	20.00	0.00	2.50	0.00	1.808	0.00	-0.224	-0.113	0.011
put	22.50	0.00	1.00	1.40	1.089	6.00	-0.355	-0.103	0.014
put	25.00	0.00	4.00	0.00	2.234	0.00	-0.468	-0.214	0.015
put	30.00	4.10	7.90	0.00	2.466	0.00	-0.591	-0.253	0.014

Latest SEC filings

Filed	Form	Description	Period	Link
2026-11-09	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-11-09	SEC
2026-10-27	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-10-27	SEC
2026-10-15	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-10-15	SEC
2026-10-01	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-10-01	SEC
2026-09-22	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-09-22	SEC
2026-09-17	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-09-17	SEC
2026-09-17	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-09-17	SEC
2026-09-04	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-09-04	SEC
2026-09-03	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-31	SEC
2026-09-01	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-09-01	SEC
2026-08-26	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-26	SEC
2026-08-25	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-25	SEC
2026-08-25	425	Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.		SEC
2026-08-25	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-24	SEC
2026-08-24	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-24	SEC
2026-08-05	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-05	SEC
2026-08-05	425	Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.		SEC
2026-08-04	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-04	SEC
2026-07-28	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-28	SEC
2026-07-28	425	Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.		SEC
2026-07-24	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-23	SEC
2026-07-23	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-23	SEC
2026-07-09	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-09	SEC
2026-06-29	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-06-29	SEC
2026-06-29	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-06-29	SEC
2026-06-10	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-06-10	SEC
2026-06-03	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-06-03	SEC
2026-06-03	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-04-30	SEC
2026-05-29	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-05-29	SEC
2026-05-26	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-05-26	SEC

Insider activity by month

Month	Bought	Buys	Sold	Sells
2026-11	0	0	0	0
2026-10	0	0	0	0
2026-09	0	0	0	0
2026-08	0	0	0	0
2026-07	0	0	0	0
2026-06	0	0	0	0
2026-05	0	0	0	0
2026-04	0	0	0	0
2026-03	0	0	0	0
2026-02	0	0	0	0
2026-01	0	0	0	0
2025-12	0	0	0	0
2025-11	0	0	0	0

Institutional holders

Manager	% owned
ALLIANCEBERNSTEIN L.P.	9.10%
CIBC WORLD MARKET INC.	3.39%
MENDON CAPITAL ADVISORS CORP	2.43%
Connor, Clark & Lunn Investment Management Ltd.	2.34%
Pembroke Management, LTD	2.25%
Curi Capital, LLC	2.11%
Pacific Ridge Capital Partners, LLC	1.82%
TCW GROUP INC	1.68%
TD ASSET MANAGEMENT INC	1.53%
CSM Advisors, LLC	1.12%

Funds

Fund	% owned
RMB Mendon Financial Services Fund	2.11%
Adara Smaller Companies Fund	0.71%
AUER GROWTH	0.15%
Fidelity Nasdaq Composite Index Fund	0.07%
INTERNATIONAL CORE EQUITY 2 PORTFOLIO	0.07%
DFA INTERNATIONAL SMALL CAP VALUE PORTFOLIO	0.06%
First Trust NASDAQ ABA Community Bank Index Fund	0.04%
Dimensional International Core Equity 2 ETF	0.02%
Dimensional World ex. U.S. Core Equity 2 ETF	0.01%
NORTH SQUARE KENNEDY MICROCAP FUND	0.01%

Dividends

per share

Ex date	Ordinary	Special
2026-10-09	0.0180	0.0000
2026-07-10	0.0180	0.0000
2026-04-10	0.0180	0.0000
2026-01-09	0.0180	0.0000
2025-10-10	0.0180	0.0000
2025-07-03	0.0180	0.0000
2025-04-04	0.0180	0.0000
2024-10-04	0.0180	0.0000
2024-07-05	0.0180	0.0000
2024-04-04	0.0180	0.0000
2024-01-04	0.0190	0.0000
2023-10-05	0.0180	0.0000
2023-07-06	0.0190	0.0000
2023-04-05	0.0190	0.0000
2023-01-05	0.0190	0.0000
2022-10-05	0.0180	0.0000
2022-07-07	0.0190	0.0000
2022-04-07	0.0200	0.0000
2022-01-06	0.0200	0.0000
2021-06-18	0.0200	0.0000
2021-03-31	0.0200	0.0000
2020-11-20	0.0200	0.0000
2020-09-14	0.0190	0.0000
2020-06-22	0.0180	0.0000
2020-02-27	0.0180	0.0000
2019-12-23	0.0190	0.0000
2019-09-18	0.0150	0.0000
2019-06-14	0.0150	0.0000
2019-04-03	0.0110	0.0000
2018-12-19	0.0110	0.0000
2018-10-02	0.0080	0.0000
2018-06-05	0.0080	0.0000
2018-02-27	0.0080	0.0000
2017-10-27	0.0080	0.0000

Period	Amount	Yield	Payout	Kind
2018FY	0.0300	0.58%	5.32%	paid
2019FY	0.0500	1.05%	8.22%	paid
2020FY	0.0700	1.50%	12.26%	paid
2021FY	0.0800	0.67%	10.46%	paid
2022FY	0.0800	1.14%	12.66%	paid
2023FY	0.0700	0.99%	6.38%	paid
2024FY	0.0700	0.49%	6.70%	paid
2025FY	0.0700	0.60%	11.07%	paid
2026FY	0.0700	0.35%	-%	estimate
2027FY	0.0700	0.35%	-%	estimate
2028FY	0.0700	0.35%	-%	estimate

OakChart. VBNK. Cached 15 minutes.

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