VersaBank Q3 Earnings: Estimates and Reaction History
VersaBank (TSX: VBNK) reports fiscal third quarter earnings on Thursday, September 3, 2026, before the market open. Analyst consensus sits at $0.39 per share against $0.30 in the year-ago quarter, and the more telling detail is that the same consensus was $0.45 three months ago. The bar has been lowered into this print. Below is what the street is looking for, what VersaBank’s beat and miss record actually looks like, and how the stock behaved after each of its last eight reports. No company-filed figures for this quarter exist yet, so everything here is street and market data, as of September 2, 2026.
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What the Street expects
Analyst consensus for fiscal Q3 is $0.39 in earnings per share, compiled from three analysts with a range of $0.33 to $0.47 (Yahoo Finance). Against the $0.30 VersaBank earned in the year-ago quarter, that implies roughly 30% growth year over year.
How the consensus arrived at $0.39 matters as much as the number. Ninety days ago the Q3 estimate stood at $0.45. Sixty days ago it was $0.47. It is now $0.39, so analysts cut the bar by roughly 13% over the past three months. Clearing a reduced estimate is not the same event as clearing the one that stood a quarter earlier.
On the top line, consensus calls for $40.1 million in revenue, from a range of $39.3 million to $40.8 million, against $31.6 million a year ago. That is roughly 27% implied growth. Only two analysts submit a revenue estimate, so treat that figure as thin rather than settled.
For the full fiscal year, which ends October 31, consensus is $1.55 per share within a wide $1.30 to $1.79 range, against $1.17 reported for fiscal 2025 (Yahoo Finance). Compiled analyst price target coverage is $29.00, and the high, low, mean and median are all identical at that number, so it is effectively one compiled figure rather than a spread of independent views. At the September 2 close of $26.44, that target sits about 10% above the current price.
The beat and miss record
VersaBank has missed consensus in five of its last eight reports, with an average surprise of negative 9.5% (Yahoo Finance).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| 2024-09-05 | $0.47 | $0.36 | -22.8% miss |
| 2024-12-09 | $0.41 | $0.20 | -50.6% miss |
| 2025-03-05 | $0.39 | $0.28 | -28.2% miss |
| 2025-06-04 | $0.28 | $0.26 | -8.2% miss |
| 2025-09-04 | $0.24 | $0.30 | +23.3% beat |
| 2025-12-10 | $0.34 | $0.33 | -2.9% miss |
| 2026-03-03 | $0.35 | $0.38 | +9.6% beat |
| 2026-06-03 | $0.38 | $0.39 | +3.5% beat |
VersaBank reported EPS against analyst consensus, last eight quarterly reports. Consensus and prices: Yahoo Finance. Data as of September 2, 2026.
The record splits cleanly in two. Four consecutive misses ran from September 2024 through June 2025, including a 50.6% shortfall in December 2024, while analysts kept estimating above what the company delivered. Then the estimates came down, and VersaBank has posted three beats in the last four reports, and the one miss in that stretch was by a cent.
That is both the case for reading the current $0.39 consensus as an achievable number and the case for caution, from the same eight rows. Half the sample is a company that could not clear the bar.
What the stock did after the last eight reports
Earnings-day moves are a reaction to the gap between what was expected and what was reported, not to the results in isolation, which is why the revision history above matters. If that mechanism is new to you, our explainer on how the stock market works covers how prices adjust to new information.
| Report date | Next-day move | 30 days later |
|---|---|---|
| 2024-09-05 | -3.7% | +0.5% |
| 2024-12-09 | -11.4% | -23.6% |
| 2025-03-05 | -13.9% | -24.4% |
| 2025-06-04 | -6.8% | +0.4% |
| 2025-09-04 | +5.0% | +11.5% |
| 2025-12-10 | +3.4% | +22.0% |
| 2026-03-03 | -8.9% | -12.8% |
| 2026-06-03 | +9.9% | +25.3% |
VersaBank share price moves after each of the last eight earnings reports, next session, 30 days and 90 days. Consensus and prices: Yahoo Finance. Data as of September 2, 2026.
The averages, as history and not as a forecast: the next-session move across all eight reports averaged negative 3.3%, and the stock was higher the following day only three times in eight. After a beat, the average next-day move was positive 2.0%. After a miss, negative 6.5%.
The exception matters more than the averages. The March 2026 report was a 9.6% beat and the stock fell 8.9% the next session anyway. A beat has not always meant a positive reaction here. The June 2026 report went the other way, rising 9.9% the next session and 25.3% over the following 30 days.
Stretch the window and the picture flattens. Thirty days after the report, the stock was higher five times in eight, averaging negative 0.1%. Ninety days after, higher five times in eight again, averaging positive 2.3%. None of that says anything about what happens Thursday. It says the next-session move has been a poor guide to the following month, in both directions.
What to watch in this report
VersaBank is a branchless, business-to-business digital bank that funds point-of-sale financing portfolios through a receivable purchase model, and its US expansion is the growth story attached to the stock.
The first item to look for is the partnership with ECN Capital announced July 9, 2026, which is expected to contribute a minimum of US$300 million annually to VersaBank’s US structured receivable program. Fiscal Q3 covers May through July, so this is the first quarter that includes the announcement date, and it lands mid-quarter. Any commentary on how that ramp is progressing is new information; nothing published so far attaches a Q3 contribution figure to it.
The second is the proposed corporate reorganization that went to a shareholder vote, with meeting materials dated August 25, 2026 and the board unanimously recommending approval. The outcome or status update is worth checking.
The third category is what a preview cannot cover. Net interest margin, credit provisions and the actual receivable balances in the US program come only from the company’s own release, and those are the lines that decide whether a headline EPS number is worth anything. We will read them from the release itself.
When and how it reports
VersaBank reports before the market open on Thursday, September 3, 2026, with its earnings call scheduled the same day. Seven of its last eight reports came pre-market, so a release before trading starts is the established pattern. It will be posted on VersaBank’s financial results page.
What it means for holders
At $26.44, VersaBank has nearly doubled off its 52-week low of $15.11 and still trades about 22% below its 52-week high of $34.00. Market capitalization is roughly C$857 million, trailing P/E is around 28 on trailing twelve month EPS of $0.94, and there is a small dividend yielding under half a percent. It ranks sixth on our Canadian fintech stocks ranking, where the fuller business background sits.
The constructive reading: consensus implies roughly 30% EPS growth on a bar analysts have already cut, the company has beaten in three of its last four reports, and the US program now has a named partner with a stated annual minimum attached to it.
The cautious reading, from the same data: five misses in eight reports and an average surprise of negative 9.5%, coverage thin enough that three analysts set the EPS consensus and two set the revenue consensus, a price target that is one compiled number rather than a range of views, and a sub C$1 billion market cap that has produced five double digit or near double digit next-day moves in eight quarters. The March 2026 beat that still lost 8.9% the next session is the reminder that the direction of the surprise and the direction of the stock are separate questions.
If you are researching VersaBank or the wider Canadian fintech group and need a brokerage account to act on your own research, you can open an account with Questrade.
Disclaimer: The content on bestcanadianstocks.ca is for informational and entertainment purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always consult a qualified financial advisor before making investment decisions. Market and consensus data are from Yahoo Finance as of the September 2, 2026 close.
