Quarterly ResultJun 3, 2026, 07:16 AM
VersaBank Q2 2026 Net Income $18.6M, Revenue $74.8M
AI Summary
VersaBank reported its interim consolidated financial results for the period ended April 30, 2026. The bank saw an increase in net income to $18.594 million for the six-month period, up from $16.672 million in the same period last year. Total revenue also grew to $74.807 million. Key balance sheet items show growth in deposits to $5.521 billion and credit assets to $5.676 billion. The bank's basic and diluted income per common share improved to $0.58.
Key Highlights
- VersaBank's net income for the six months ended April 30, 2026, was $18.594 million, an increase from $16.672 million in the prior year period.
- Total revenue for the six months ended April 30, 2026, was $74.807 million, up from $57.966 million in the prior year period.
- Deposits increased to $5.521 billion as of April 30, 2026, from $4.861 billion as of October 31, 2025.
- Credit assets, net of allowance for credit losses, grew to $5.676 billion as of April 30, 2026, from $5.066 billion as of October 31, 2025.
- Basic and diluted income per common share for the six months ended April 30, 2026, was $0.58, compared to $0.54 in the prior year period.
Price Impact
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