VersaBank (TSX:VBNK) Scaled Net Operating Assets : 0.09 (As of Oct. 2023)

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What is VersaBank Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

VersaBank's operating assets for the quarter that ended in Oct. 2023 was C$4,069.4 Mil. VersaBank's operating liabilities for the quarter that ended in Oct. 2023 was C$3,713.8 Mil. VersaBank's Total Assets for the quarter that ended in Jul. 2023 was C$3,980.8 Mil. Therefore, VersaBank's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 0.09.

VersaBank Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

VersaBank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2023 )
=	(Operating Assets (A: Oct. 2023 )	-	Operating Liabilities (A: Oct. 2023 ))	/	Total Assets (A: Oct. 2022 )
=	(4069.368	-	3713.831)	/	3265.998
=	0.11

where

	Operating Assets		(A: Oct. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4201.61	-	132.242
=	4069.368

	Operating Liabilities		(A: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3824.452	-	110.621	-	0
=	3713.831

VersaBank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2023 )
=	(Operating Assets (Q: Oct. 2023 )	-	Operating Liabilities (Q: Oct. 2023 ))	/	Total Assets (Q: Jul. 2023 )
=	(4069.368	-	3713.831)	/	3980.845
=	0.09

where

	Operating Assets		(Q: Oct. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4201.61	-	132.242
=	4069.368

	Operating Liabilities		(Q: Oct. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3824.452	-	110.621	-	0
=	3713.831

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VersaBank (TSX:VBNK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VBNK:USA VBNK.PR.A.PFD:Canada

Address

140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2

Website

https://www.versabank.com

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established a wholly-owned, subsidiary.