VersaBank (VBNK) Tops Q1 EPS by 14c

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VERSABANK REPORTS CONTINUED STRONG RESULTS FOR FIRST QUARTER 2023 HIGHLIGHTED BY 69% YEAR-OVER-YEAR GROWTH IN NET INCOME TO RECORD $9.4 MILLION

March 8, 2023 7:00 AM EST

 Digital Banking Operations Realizing Significant Operating Leverage from Strong Loan Portfolio Growth as Transitory Costs for Growth Initiatives Substantially Dissipate

All amounts are unaudited and in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our first quarter 2023 ("Q1 2023") unaudited Interim Consolidated Financial Statements for the period ended January 31, 2023 and Management's Discussion and Analysis ("MD&A"), are available online at... More