VersaBank Reports Non-GAAP EPS of C$0.38 and Revenue Growth in Q3
In the third quarter, VersaBank reported a non-GAAP earnings per share (EPS) of C$0.38 with revenue reaching C$38.81 million, representing a year-over-year increase of 22.9%. The bank is targeting significant growth in both its U.S. and Canadian markets, aiming to add at least US$3 billion in the U.S. Structured Receivable Program (SRP) by fiscal 2027. The results reflect strong performance amid strategic expansion plans that include accelerated operations in Canada. The bank has also partnered with ECN Capital's unit for its U.S. SRP initiative, signaling a focus on expanding credit solutions and financial services offerings.
Tickers: $VBNK
Topics: banking financials revenue_growth