VersaBank (NASDAQ:VBNK) reported record second-quarter fiscal 2026 credit assets and revenue, while management said results were affected by non-core costs tied to its planned corporate reorganization and the sale of its only physical bank branch.
President David Taylor said the quarter was “very much a continuation of the strong performance and growth” seen in the first quarter, citing operating leverage in the bank’s digital banking model. Credit assets rose 25% year-over-year and 6% sequentially, while revenue increased 27% from a year earlier and 5% from the prior quarter.
