VersaBank (VBNK) Misses Q2 Earnings and Revenue Estimates

Core Viewpoint - VersaBank reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.21 per share, and down from $0.33 per share a year ago, indicating a negative earnings surprise of -14.29% [1][2] Financial Performance - The company posted revenues of $21.21 million for the quarter ended April 2025, which was below the Zacks Consensus Estimate by 0.54%, and slightly up from $21.01 million year-over-year [2] - Over the last four quarters, VersaBank has only surpassed consensus EPS estimates once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - VersaBank shares have declined approximately 16.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The current Zacks Rank for VersaBank is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $24.05 million, and for the current fiscal year, it is $1.15 on revenues of $91.78 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 9% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of ranked industries [8]