VersaBank FY26 Q3 net income rises 53% year over year to CAD 10.06 million; revenue climbs 23% to CAD 38.81 million
Reuters2026/09/03 11:03- 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: 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.
You may also like
Lido starts moving $16 billion in staked ETH into larger validators
South Korean legislators push for merger and acquisition reforms, aiming to strengthen minority shareholder protection and address the "Korea Discount"
A lawmaker from South Korea’s ruling party has recently proposed expanding disclosure requirements for corporate mergers and acquisitions, marking the latest move to strengthen the protection of minority shareholder rights and address the persistent issue of valuation discounts in the South Korean stock market.
BRP Names Minh Thanh Tran as Chief Financial Officer
Government Bond Yields Offer Value After Prolonged Period of Rise -- Market Talk
Crypto prices
More
