VersaBank reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported net interest income was CAD 24.93 million compared to CAD 20.06 million a year ago. Net income was CAD 10 million compared to CAD 5.72 million a year ago. Basic earnings per share from continuing operations was CAD 0.38 compared to CAD 0.2 a year ago. Diluted earnings per share from continuing operations was CAD 0.38 compared to CAD 0.2 a year ago.
For the nine months, net interest income was CAD 73.81 million compared to CAD 54.19 million a year ago. Net income was CAD 29.68 million compared to CAD 16.23 million a year ago. Basic earnings per share from continuing operations was CAD 1.1 compared to CAD 0.56 a year ago. Diluted earnings per share from continuing operations was CAD 1.1 compared to CAD 0.56 a year ago.