Versabank reports results for the quarter ended July 31 - Earnings Summary

• Versabank VBNK reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of three analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 27 cents to 39 cents per share.

• Revenue rose 19.4% to C$29.78 million from a year ago; analysts expected C$30.81 million.

• Versabank's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of C$6.58 million.

• Versabank shares had fallen by 0.4% this quarter and lost 18.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Versabank is $12.50, about 9.1% above its last closing price of $11.36

This summary was machine generated from LSEG data September 4 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)