VersaBank (TSX:VBNK) Scaled Net Operating Assets : 0.02 (As of Jan. 2025)

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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 Jan. 2025 was C$4,425.5 Mil. VersaBank's operating liabilities for the quarter that ended in Jan. 2025 was C$4,340.8 Mil. VersaBank's Total Assets for the quarter that ended in Oct. 2024 was C$4,838.5 Mil. Therefore, VersaBank's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2025 was 0.02.

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. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2024 )
=	(Operating Assets (A: Oct. 2024 )	-	Operating Liabilities (A: Oct. 2024 ))	/	Total Assets (A: Oct. 2023 )
=	(4613.23	-	4330.702)	/	4201.61
=	0.07

where

	Operating Assets		(A: Oct. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4838.484	-	225.254
=	4613.23

	Operating Liabilities		(A: Oct. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4439.281	-	108.579	-	0
=	4330.702

VersaBank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2025 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2025 )
=	(Operating Assets (Q: Jan. 2025 )	-	Operating Liabilities (Q: Jan. 2025 ))	/	Total Assets (Q: Oct. 2024 )
=	(4425.54	-	4340.761)	/	4838.484
=	0.02

where

	Operating Assets		(Q: Jan. 2025 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4971.732	-	546.192
=	4425.54

	Operating Liabilities		(Q: Jan. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	4450.437	-	109.676	-	0
=	4340.761

* 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 Business Description

Industry

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Traded in Other Exchanges

VBNK:USA VEW:Germany

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. It has 3 operating segments: Digital Banking Canada, Digital Banking USA and DRTC. It's, cloud-based, business-to-business deposit and lending model provides valued-added solutions to Canadian financial intermediary partners, enabling them to focus on growing their own businesses faster and more profitably. It obtains all of its deposits and provides the majority of its loans and leases electronically, with 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, Company established a wholly owned, subsidiary. Geographically located in Canada and USA.