Versabank Stock Price, News & Analysis

VersaBank (NASDAQ: VBNK) reported strong Q3 2025 financial results, with total revenue increasing 17% year-over-year to a record $31.6 million. The bank's total assets grew 21% year-over-year to $5.5 billion, driven by expansion of its Receivable Purchase Program (RPP) portfolio in both US and Canada.

The bank reported net income of $6.6 million ($0.20 per share), which included $4.2 million in planned expenses related to corporate structure realignment. Adjusted net income, excluding these costs, was $9.7 million ($0.30 per share). The Digital Banking operations maintained strong performance with a net interest margin of 2.25% and minimal credit loss provisions of 0.10%.

Notable developments include the expansion of RPP to add securitization capabilities, addition of two new RPP partners in Canada, and the launch of a tokenized deposit pilot program in the United States.

VersaBank (NASDAQ: VBNK) has expanded its Receivable Purchase Program (RPP) by adding two new partners in Canada, including its first securitization partner. The Bank has already completed the initial funding transaction for the RPP Securitization partner, with funding for the second partner expected to begin soon.

The Bank's RPP Securitized Financing strategy will focus on investing in senior-level tranches (typically AAA-rated) of securitized credit assets and establishing a platform for securitizing assets owned by financing partners. This expansion aims to capitalize on the demand from larger point-of-sale and financing companies seeking lower-cost securitized financing in the current interest rate environment.

VersaBank (NASDAQ:VBNK) has announced the launch of a pilot program for its Digital Deposit Receipts (DDRs) through its subsidiary VersaBank USA. The program introduces USDVBs, which are bank-issued tokenized deposits representing a 1:1 digital representation of actual cash deposits.

The USDVB Pilot Program aims to validate functionality, security, and compliance with US banking regulations. The program will involve thousands of transactions through controlled internal testing and limited external deployment with deposit partners. VersaBank's DDRs offer advantages over traditional stablecoins, including FDIC insurance and interest-earning capability. The pilot is expected to complete by the end of 2025, with commercial launch following OCC approval.

The tokens will operate on Algorand, Ethereum, and Stellar blockchains, managed through VersaBank's proprietary VersaVault digital vault and VersaView e-wallet platforms.

VersaBank (NASDAQ: VBNK) has scheduled its third quarter fiscal 2025 financial results conference call for September 4, 2025. The Bank will release its financial results at 7:00 a.m. ET, followed by a conference call and webcast at 9:00 a.m. ET.

The presentation will feature President David Taylor and CFO John Asma, including a Q&A session. Investors can join via telephone through automated registration or operator assistance, or watch the live webcast through VersaBank's website. The webcast replay will be available for 90 days, while the teleconference replay can be accessed until October 4, 2025.

VersaBank (NASDAQ: VBNK) has announced a significant expansion of its Receivable Purchase Program (RPP) through the launch of a new RPP Securitized Financing solution in both the US and Canada. The initiative will focus on investing in senior-level tranches of securitized credit assets and establishing a platform for asset securitization for financing partners.

To lead this strategic expansion, the Bank has appointed Timothy Comiskey as Managing Director of Origination, Structuring & Securitization. Comiskey brings over 30 years of experience from roles at Nasdaq, GCSA Capital Partners, and other major financial institutions.

The new solution offers favorable risk-weighting at 20% compared to standard RPP financings and utilizes VersaBank's proprietary Asset Management System technology with a cash holdback model to ensure expected cash flows.

VersaBank (TSX: VBNK) (NASDAQ: VBNK), a leader in North American business-to-business digital banking and cybersecurity technology solutions, has announced its participation in the upcoming Sidoti Virtual Investor Conference scheduled for June 11-12, 2025. David Taylor, President of VersaBank, will deliver a presentation on June 12, 2025, at 2:30 p.m. ET. The presentation will be accessible via live webcast on VersaBank's website. Additionally, the bank's management team will be available for one-on-one meetings with institutional investors throughout the conference. Interested institutional investors can register for these meetings through the Sidoti Virtual Investor Conference platform.

VersaBank (NASDAQ: VBNK) announced that President David Taylor will present the company's Digital Deposit Receipts (DDRs) technology at the Florida Bankers Association's Annual Meeting on June 11, 2025. The presentation, titled 'Introducing the Ultimate Stablecoin – The Only USD Digital Deposit Receipt,' will showcase VersaBank's solution that enables banks to issue stablecoins backed by actual deposits. The DDR technology features SOC2 compliance, military-grade security, and seamless integration with existing banking systems. While the live presentation is exclusive to in-person attendees, the slides will be made available on VersaBank's website afterward. The company aims to capitalize on the growing interest in stablecoins from both major and community banks, particularly given the US Administration's favorable stance on digital assets.

VersaBank (TSX: VBNK) (NASDAQ: VBNK) has announced a quarterly cash dividend payment of CAD $0.025 per Common Share for the quarter ending July 31, 2025. The dividend will be paid on July 31, 2025, to shareholders who are on record as of July 4, 2025. The company has confirmed that these dividends qualify as eligible dividends for tax purposes. This dividend announcement demonstrates VersaBank's commitment to providing regular returns to its shareholders.

VersaBank (VBNK) reported strong Q2 2025 results with record total assets of $5.0 billion, up 15% YoY and 2% QoQ, driven by growth in Digital Banking operations. Total revenue reached a record $30.1 million, increasing 6% YoY and 8% QoQ. Net income was $8.5 million ($0.26 per share), compared to $11.8 million ($0.45 per share) in Q2 2024. The US Receivable Purchase Program showed significant growth, with the bank targeting US$290 million by fiscal year end. Net interest margin on credit assets improved to 2.59%. The bank announced plans to realign its corporate structure to a US bank framework, aiming for inclusion in indices like Russell 2000. VersaBank also implemented a Normal Course Issuer Bid to purchase up to 2 million common shares for cancellation.