VersaBank (VBNK) Operating Expenses (2021 - 2026)

VersaBank (VBNK) has reported Operating Expenses for 6 consecutive years, with $14.8 million the latest figure, recorded in Q1 2026.

• Quarterly Operating Expenses rose 33.87% year-over-year to $14.8 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $60.1 million (up 36.2% YoY) and the FY2025 annual result came in at $56.2 million, up 33.99% from the prior year.
• Operating Expenses eased to $14.8 million in Q1 2026 per VBNK's latest filing, from $17.2 million in the prior quarter.
• Over the last five years, Operating Expenses for VBNK reached as high as $17.2 million in Q4 2025 and fell as low as $8.4 million in Q1 2022.
• A 5-year average of $11.1 million and a median of $9.9 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slipped 11.53% — and 2025, when it jumped 59.41%.
• Year by year, Operating Expenses stood at $10.4 million in 2022, then declined by 11.53% to $9.2 million in 2023, then jumped by 54.56% to $14.2 million in 2024, then climbed by 21.35% to $17.2 million in 2025, then fell by 13.97% to $14.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $14.8 million, $17.2 million, and $15.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.