<div id="readability-page-1"><div> By Robb M. Stewart <pre></pre> VersaBank's earnings were dented in the latest quarter by costs tied to the digital bank's efforts to shift to the U.S., even as revenue climbed to a record on the back of continued growth in credit assets. The Canadian bank, which runs a branchless business-to-business model, recorded second-quarter net income of 7.5 million Canadian dollars (US$5.4 million), or C$0.23 a share, down from C$8.5 million, or C$0.26, a year earlier. On an adjusted basis, per-share earnings climbed to C$0.39 for the three months to April 30. Analysts polled by FactSet were expecting C$0.35 a share for the quarter. VersaBank recently sold its only retail branch. The exit from the site in Holdingford, Minn., resulted in a one-time write-down of C$2.2 million. The bank's latest quarter also included non-interest expenses of C$4.5 million related to its efforts to restablish its domicile in the U.S. That effort took a step forward with the filing Wednesday of a registration statement with the U.S. Securities and Exchange Commission for a proposed realignment of its corporate structure to a standard U.S. bank framework. The reorganization would see the creation of Versa Bancorp in Delaware, which would become the holding company of VersaBank and its VersaBank USA National Association arm. VersaBank's quarterly revenue rose 27% year-over-year to C$38.3 million. Net interest income was up 27% at C$35.7 million, while non-interest income rose 24% to C$2.6 million. The bank's provision for credit losses fell to C$428,000 for the latest period, from C$889,000 a year prior. The second quarter saw the VersaBank achieve new records for credit assets, revenue, net interest income and book value, driven by momentum in the ramp-up of the structured receivable program portfolio in the U.S. alongside better-than-expected growth in Canada, said founder and President David Taylor. The bank also said it expects the planned reorganization will lift shareholder value, mitigate risk and reduce corporate costs over the long term. <pre></pre> Write to Robb M. Stewart at robb.stewart@wsj.com <pre></pre> (END) Dow Jones Newswires June 03, 2026 07:52 ET (11:52 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

VBNK

VersaBank 报告第二季度创纪录的收入为 3830 万加元，同比增长 27%，主要得益于信贷资产的增长。然而，由于与将其注册地迁移至美国相关的 670 万加元重组成本，净收入降至 750 万加元。调整后的每股收益超出预期，达到 0.39 加元。该银行正在重组为特拉华州的控股公司，以降低风险并减少长期成本

VersaBank 收入达到历史新高，但收益因重组成本而受到挤压