VersaBank reported earnings results for the second quarter and six months ended April 30, 2023. For the second quarter, the company reported net interest income was CAD 24.61 million compared to CAD 17.24 million a year ago. Net income was CAD 10.26 million compared to CAD 4.94 million a year ago. Basic earnings per share from continuing operations was CAD 0.38 compared to CAD 0.17 a year ago. Diluted earnings per share from continuing operations was CAD 0.38 compared to CAD 0.17 a year ago.
For the six months, net interest income was CAD 48.88 million compared to CAD 34.13 million a year ago. Net income was CAD 19.68 million compared to CAD 10.51 million a year ago. Basic earnings per share from continuing operations was CAD 0.72 compared to CAD 0.36 a year ago. Diluted earnings per share from continuing operations was CAD 0.72 compared to CAD 0.36 a year ago.