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VersaBank FY26 Q3 net income rises 53% year over year to CAD 10.06 million; revenue climbs 23% to CAD 38.81 million
- VersaBank posted Q3 fiscal 2026 net income of CAD 10.06 million, up 53% year over year; EPS rose 55% to CAD 0.31.
- Revenue climbed 23% from a year earlier to CAD 38.81 million, while total assets increased 26% to CAD 6.88 billion.
- Net interest margin narrowed 6 basis points sequentially to 2.19%; cost of funds edged up to 3.16% from 3.09%.
- U.S. SRP assets reached USD 793 million; fiscal 2027 target calls for at least USD 3 billion in new on-balance-sheet SRP fundings.
- Management cited Real-Time SRP demand and AI-driven efficiency initiatives; reorganization is targeted for completion by end-October, pending approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VersaBank published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-029554), on September 03, 2026, and is solely responsible for the information contained therein.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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