VersaBank Reports 3% Earnings Beat and Declares CAD 0.025 Dividend
VersaBank posted quarterly EPS of $0.278, exceeding forecasts by 3% and driving revenue of CAD 26.76 million, up 36.7% from CAD 19.58 million a year earlier. The bank declared a CAD 0.025 per share cash dividend payable April 30, 2026 to holders of record on April 10, 2026.
1. Quarterly Earnings Performance
VersaBank delivered EPS of CAD $0.278 for the latest quarter, topping the CAD $0.27 estimate by 3% and lifting revenue to CAD $26.76 million, a 36.7% increase from CAD $19.58 million a year earlier. The bank’s P/E ratio stands at 26.56 and its debt-to-equity ratio at 0.20, underlining a conservative balance sheet.
2. Cash Dividend Declaration
The board approved a cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2026, payable on April 30, 2026 to shareholders of record as of April 10, 2026. These dividends are eligible for tax purposes, reinforcing VersaBank’s commitment to returning capital to investors.