BNS vs VBNK
Bank of Nova Scotia and VersaBank, side by side — 6 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | BNS | VBNK |
|---|---|---|
| Revenue | CAD 37.7B | CAD 124.6M |
| Net income | CAD 7.8B | CAD 28.5M |
| Gross margin | · | · |
| Net margin | 20.6% | 22.8% |
| Return on equity | 9.2% | 6.1% |
| Diluted EPS | CAD 5.67 | · |
| Dividend / share | CAD 4.32 | · |
| Payout ratio | 75.4% | 11.4% |
| Free cash flow | · | CAD 43.5M |
| Equity | CAD 86.9B | · |
| Net debt / equity | · | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 3.8% | 18.1% |
| Profit CAGR 5y | 2.8% | 8.0% |
BNS bills 302.8× the revenue of VBNK, and VBNK keeps more of each dollar of revenue as profit (22.8% against 20.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | BNS | VBNK |
|---|---|---|
| FY2025 | CAD 37.7B | CAD 124.6M |
| FY2024 | CAD 33.7B | CAD 111.6M |
| FY2023 | CAD 32.2B | CAD 108.6M |
| FY2022 | CAD 31.4B | CAD 82.4M |
| FY2021 | CAD 31.3B | CAD 65.4M |
| FY2020 | CAD 31.3B | CAD 54.2M |
Bottom line
| Fiscal year | BNS | VBNK |
|---|---|---|
| FY2025 | CAD 7.8B | CAD 28.5M |
| FY2024 | CAD 7.8B | CAD 39.7M |
| FY2023 | CAD 7.3B | CAD 42.2M |
| FY2022 | CAD 9.9B | CAD 22.7M |
| FY2021 | CAD 9.6B | CAD 22.4M |
| FY2020 | CAD 6.8B | CAD 19.4M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 37,616,359,000 | BNS |
| FY2024 | +CAD 33,558,367,000 | BNS |
| FY2023 | +CAD 32,105,365,000 | BNS |
| FY2022 | +CAD 31,333,608,000 | BNS |
| FY2021 | +CAD 31,186,643,000 | BNS |
| FY2020 | +CAD 31,281,815,000 | BNS |
BNS has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.3 pp | VBNK |
| FY2024 | −12.2 pp | VBNK |
| FY2023 | −15.7 pp | VBNK |
| FY2022 | +4.9 pp | BNS |
| FY2021 | −2.4 pp | VBNK |
| FY2020 | −13.9 pp | VBNK |
The higher net margin has changed hands between BNS and VBNK over this period.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VBNK's net margin has been more volatile than BNS's over the 6 comparable fiscal years — 5.5 percentage points of standard deviation against 4.7.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BNS and VBNK over these 6 fiscal years — BNS led in 1 and VBNK in 5.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BNS's return on equity has been more volatile than VBNK's over the 6 comparable fiscal years — 2.0 percentage points of standard deviation against 2.0.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BNS and VBNK over these 6 fiscal years — BNS led in 4 and VBNK in 2.
6 of 10 comparable fiscal years — a year missing data on either side is not counted.