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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100