VersaBank (VBNK) Q1 Earnings and Revenues Lag Estimates

Core Viewpoint - VersaBank reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of$ 0.29 per share, and down from $0.36 per share a year ago, indicating a significant earnings surprise of -31.03% [1][2] Financial Performance - The company posted revenues of$ 19.58 million for the quarter ended January 2025, missing the Zacks Consensus Estimate by 8.98%, and down from $21.35 million year-over-year [2] - Over the last four quarters, VersaBank has surpassed consensus EPS estimates only once [2] Stock Performance - VersaBank shares have declined approximately 13.9% since the beginning of the year, compared to a decline of -1.8% for the S&P 500 [3] - The current Zacks Rank for VersaBank is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.33 on revenues of $22.64 million, and for the current fiscal year, it is$ 1.46 on revenues of $98.83 million [7] - The trend of estimate revisions for VersaBank is mixed, which could change following the recent earnings report [6] Industry Context - The Zacks Industry Rank for Banks - Foreign is currently in the top 32% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]