VersaBank Q2 2024 GAAP EPS C$0.45 Down From C$0.48 YoY, Sales C$28.501M Miss C$30.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
VersaBank reported its Q2 2024 financial results with a GAAP EPS of C$0.45, down from C$0.48 year-over-year. The bank's sales were C$28.501 million, missing the estimate of C$30.100 million.
June 05, 2024 | 11:05 am
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VersaBank's Q2 2024 financial results showed a decline in GAAP EPS to C$0.45 from C$0.48 YoY and sales of C$28.501 million, missing the C$30.100 million estimate.
The decline in GAAP EPS and the miss on sales estimates are likely to negatively impact investor sentiment and the stock price in the short term.
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