VersaBank (TSX:VBNK) Pretax Margin % : 58.76% (As of Jan. 2024)

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What is VersaBank Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. VersaBank's Pre-Tax Income for the three months ended in Jan. 2024 was C$17.0 Mil. VersaBank's Revenue for the three months ended in Jan. 2024 was C$28.9 Mil. Therefore, VersaBank's pretax margin for the quarter that ended in Jan. 2024 was 58.76%.

The historical rank and industry rank for VersaBank's Pretax Margin % or its related term are showing as below:

TSX:VBNK' s Pretax Margin % Range Over the Past 10 Years
Min: 20.35 Med: 43.31 Max: 55.04
Current: 55.04

TSX:VBNK's Pretax Margin % is ranked better than
88.07% of 1459 companies
in the Banks industry
Industry Median: 32.77 vs TSX:VBNK: 55.04

VersaBank Pretax Margin % Historical Data

The historical data trend for VersaBank's Pretax Margin % 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 Pretax Margin % Chart

VersaBank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Pretax Margin %

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51.60

49.37

47.11

39.50

53.06

VersaBank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Pretax Margin %	Get a 7-Day Free Trial															50.92	51.42	51.41	57.99	58.76

Competitive Comparison of VersaBank's Pretax Margin %

For the Banks - Regional subindustry, VersaBank's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VersaBank's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, VersaBank's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where VersaBank's Pretax Margin % falls into.

VersaBank Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

VersaBank's Pretax Margin for the fiscal year that ended in Oct. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Oct. 2023 )	/	Revenue (A: Oct. 2023 )
	=	57.645	/	108.635
	=	53.06 %

VersaBank's Pretax Margin for the quarter that ended in Jan. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	16.954	/	28.851
	=	58.76 %

VersaBank (TSX:VBNK) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

VersaBank Pretax Margin % Related Terms

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VersaBank (TSX:VBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (TSX:VBNK) » Definitions » Pretax Margin %

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.