VERSABANK REPORTS STRONG SECOND QUARTER RESULTS: STRONG US SRP GROWTH DRIVES 27% YEAR-OVER-YEAR INCREASE IN REVENUE AND NET INTEREST INCOME, 45% YEAR-OVER-YEAR GROWTH IN ADJUSTED (CORE) NET INCOME

VersaBank reported strong Q2 2026 results, driven by US SRP growth. Revenue and net interest income rose 27% year-over-year, while adjusted core net income grew 45%. The bank incurred $6.7 million in non-core expenses related to reorganization and asset write-downs. Total assets reached $6.44 billion, with a CET1 capital ratio of 12.32%.