VersaBank (VBNK) Operating Expenses (2021 - 2026)
VersaBank (VBNK) posted Operating Expenses of $18.0 million for Q3 2026, down 13.12% on a QoQ basis from $20.8 million in Q2 2026.
Analysis
VersaBank (VBNK) Operating Expenses (2021 - 2026) Analysis & Trends
VersaBank has reported Operating Expenses for 6 years, with the latest figure at $18.0 million in Q3 2026.
- On a quarterly basis, Operating Expenses changed N/A year-over-year to $18.0 million in Q3 2026; TTM through Jul 2026 was $70.8 million, a N/A change from a year earlier, with the FY2025 full-year figure at $58.9 million, up 30.74% from the prior year.
- Operating Expenses was $18.0 million for Q3 2026 at VersaBank, down from $20.8 million in the prior quarter.
- The five-year high for Operating Expenses was $20.8 million in Q2 2026, with the low at $8.4 million in Q1 2022.
- Average Operating Expenses over 5 years is $11.8 million, with a median of $10.3 million recorded in 2022.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses slipped 11.53% in 2023, then soared 60.65% in 2026.
- Over 5 years, Operating Expenses stood at $10.4 million in 2022, then dropped by 11.53% to $9.2 million in 2023, then soared by 54.56% to $14.2 million in 2024, then advanced by 21.35% to $17.2 million in 2025, then gained by 4.87% to $18.0 million in 2026.
- The last three Operating Expenses figures came in at $18.0 million (Q3 2026), $20.8 million (Q2 2026), and $14.8 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,145.36 Bn | 1,556.87 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Morgan Stanley | 335.03 Bn | 174.89 Bn | - | 13.90 Bn |
| 3 | Goldman Sachs | 309.45 Bn | -666.90 Bn | - | 11.67 Bn |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 17.50 Bn |
| 5 | Royal Bank Of Canada | 291.49 Bn | 64.61 Bn | - | 7.02 Bn |
| 6 | Wells Fargo & Company | 272.88 Bn | 68.91 Bn | - | 13.66 Bn |
| 7 | American Express | 218.59 Bn | 169.28 Bn | 17.99 Bn | 14.48 Bn |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | -7.44 Bn |
| 9 | Toronto Dominion Bank | 205.88 Bn | 44.55 Bn | - | 6.08 Bn |
| 10 | VersaBank | 683.07 Mn | 331.60 Mn | - | 18.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.05 Mn |
| Apr 30, 2026 | 20.77 Mn |
| Jan 31, 2026 | 14.80 Mn |
| Oct 31, 2025 | 17.21 Mn |
| Jun 30, 2025 | 12.64 Mn |
| Apr 30, 2025 | 12.93 Mn |
| Jan 31, 2025 | 11.06 Mn |
| Oct 31, 2024 | 14.18 Mn |
| Jun 30, 2024 | 8.91 Mn |
| Apr 30, 2024 | 8.99 Mn |
| Jan 31, 2024 | 8.89 Mn |
| Oct 31, 2023 | 9.18 Mn |
| Jul 31, 2023 | 9.65 Mn |
| Apr 30, 2023 | 9.41 Mn |
| Jan 31, 2023 | 9.15 Mn |
| Oct 31, 2022 | 10.37 Mn |
| Jul 31, 2022 | 10.28 Mn |
| Apr 30, 2022 | 9.29 Mn |
| Jan 31, 2022 | 8.40 Mn |
| Oct 31, 2021 | 8.25 Mn |