Digital Banking Canada was the largest of VersaBank’s 4 reported lines in fiscal 2024, at $101.96M — 90% of $112.99M.
| Segments [axis] | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Digital Banking Canada | — | $100.59M | $101.96M |
| Banking Segment | $76.72M | — | — |
| Cybersecurity Segment | $5.84M | $9.70M | $8.46M |
| Digital Banking Usa | — | — | $1.39M |
| Digital Meteor | — | — | $1.18M |
| Total | $82.56M | $110.29M | $112.99M |
In fiscal 2024, which ended October 31, 2024, the 4 segments VersaBank reported in this breakdown added up to $112.99M. The segments reported changed from fiscal 2023, so the total is not directly comparable with the $110.29M reported that year. Digital Banking Canada was the largest segment, at $101.96M or 90.2% of the total, followed by Cybersecurity Segment ($8.46M, 7.5%) and Digital Banking Usa ($1.39M, 1.2%). Together, the two largest segments made up 97.7% of this total.
Compared with fiscal 2023, Digital Banking Canada grew the fastest, rising 1.4% to $101.96M. Cybersecurity Segment fell the most, down 12.8% to $8.46M. Because segments were added or dropped between the two years, part of this reflects how VersaBank regrouped its reporting.
Digital Banking Canada (fiscal 2023), Digital Banking Usa (fiscal 2024) and Digital Meteor (fiscal 2024) were first reported as separate segments during this period. The table also keeps 1 segment that VersaBank no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2024, as reported in VersaBank's annual filings.
VersaBank (VBNK) breaks its revenue down by segment. In fiscal 2024, its largest segment was Digital Banking Canada, with $101.96M or 90.2% of the total, followed by Cybersecurity Segment at $8.46M (7.5%).
Digital Banking Canada was VersaBank's largest segment in fiscal 2024, with $101.96M in revenue, 90.2% of the $112.99M reported across its 4 segments.
Every figure is taken from VersaBank's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2022 to 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.