VersaBank Q1 EPS $0.35, Inline, Sales $21.20M Miss $22.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
VersaBank (NASDAQ:VBNK) reported Q1 earnings of $0.35 per share, meeting analyst estimates, and a 40% increase from last year. However, sales of $21.20M missed estimates by 5.49%, despite being a 10.69% increase from the previous year.
March 06, 2024 | 12:06 pm
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VersaBank reported Q1 earnings per share of $0.35, in line with estimates, and a 40% increase from the previous year. Sales were $21.20M, missing estimates by 5.49%, but showed a 10.69% increase YOY.
VersaBank's earnings per share met analyst expectations and showed significant year-over-year growth, which is positive. However, the miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100