VBNK (VersaBank) Tax Rate % : 26.67% (As of Jan. 2025)

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What is VersaBank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. VersaBank's Tax Expense for the three months ended in Jan. 2025 was $2.06 Mil. VersaBank's Pre-Tax Income for the three months ended in Jan. 2025 was $7.72 Mil. Therefore, VersaBank's Tax Rate % for the quarter that ended in Jan. 2025 was 26.67%.

VersaBank Tax Rate % Historical Data

The historical data trend for VersaBank's Tax Rate % can be seen below:

* 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 Tax Rate % Chart

VersaBank Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Tax Rate %

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27.46

27.31

30.39

26.86

27.46

VersaBank Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Tax Rate %	Get a 7-Day Free Trial															25.10	27.43	27.91	31.70	26.67

VersaBank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

VersaBank's Tax Rate % for the fiscal year that ended in Oct. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Oct. 2024 )	/	Pre-Tax Income (A: Oct. 2024 )
	=	10.936	/	39.829
	=	27.46 %

VersaBank's Tax Rate % for the quarter that ended in Jan. 2025 is calculated as

Tax Rate %	=	Tax Expense (Q: Jan. 2025 )	/	Pre-Tax Income (Q: Jan. 2025 )
	=	2.058	/	7.717
	=	26.67 %

VersaBank Tax Rate % Related Terms

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VersaBank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (NAS:VBNK) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

VEW:Germany VBNK: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. 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.