VersaBank Q4 EPS $0.35 Up From $0.17 YoY, Sales $21.75M Up From $18.23M YoY
Portfolio Pulse from Benzinga Newsdesk
VersaBank (NASDAQ:VBNK) reported a significant increase in its Q4 earnings per share (EPS) to $0.35, up from $0.17 in the same quarter last year, representing a 105.88% increase. Sales also rose to $21.75 million, marking a 19.25% increase from $18.23 million in the same period last year.
December 13, 2023 | 12:03 pm
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POSITIVE IMPACT
VersaBank reported a more than double increase in EPS and a significant rise in sales for Q4 compared to the same period last year.
The substantial increase in both EPS and sales indicates strong financial performance and profitability, which is likely to be viewed positively by investors. This could lead to a short-term increase in stock price as the market reacts to the positive earnings report.
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RELEVANCE 100