VersaBank Reports Strong Third Quarter Results

VersaBank announced its third quarter financial results for the period ending July 31, 2026. The company reported net income of $10.06 million for the quarter, a significant increase from $6.58 million in the same period last year. Total revenue for the quarter was $38.81 million, up from $31.58 million in the prior year's third quarter. The company's assets grew to $6.88 billion as of July 31, 2026, compared to $5.81 billion at the end of the previous fiscal year. Deposits also increased to $5.91 billion. The results reflect strong performance in net interest income, which rose to $36.77 million for the quarter. VersaBank also declared dividends, with details provided in a separate press release. The financial statements were prepared in accordance with IFRS and reviewed by the Audit Committee.