Digital Banking Canada was VersaBank’s largest segment in fiscal 2024, bringing in $101.96M of $112.99M (90%).
| 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 |
VersaBank brought in $112.99M from its four segments in fiscal 2024, the year ended October 31, 2024. VersaBank regrouped these segments after fiscal 2023, so the total does not compare directly with that year's $110.29M. Digital Banking Canada was the largest at $101.96M (90.2%), ahead of Cybersecurity Segment at $8.46M (7.5%) and Digital Banking Usa at $1.39M (1.2%). The remaining segment, Digital Meteor, brought in $1.18M.
Compared with fiscal 2023, Digital Banking Canada grew 1.4% to $101.96M, while Cybersecurity Segment fell 12.8% to $8.46M.
VersaBank began breaking out Digital Banking Canada in fiscal 2023, Digital Banking Usa in fiscal 2024 and Digital Meteor in fiscal 2024. VersaBank stopped reporting Banking Segment as a separate segment after fiscal 2022, when it brought in $76.72M.
VersaBank (VBNK) reports its revenue by segments [axis]. In fiscal 2024, Digital Banking Canada was its largest segment, bringing in $101.96M (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, bringing in $101.96M, or 90.2% of the $112.99M total across its four segments.
Every figure comes from VersaBank's annual financial filings, as reported. Each line keeps the name VersaBank gives it, and years follow its fiscal calendar.
VersaBank's revenue by segments [axis] goes back to fiscal 2022, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.