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%.
SRP growth and outlook
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.
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