VersaBank reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported net interest income was CAD 26.24 million compared to CAD 24.61 million a year ago. Net income was CAD 11.83 million compared to CAD 10.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.45 compared to CAD 0.38 a year ago. Diluted earnings per share from continuing operations was CAD 0.45 compared to CAD 0.38 a year ago.
For the six months, net interest income was CAD 52.81 million compared to CAD 48.88 million a year ago. Net income was CAD 24.53 million compared to CAD 19.68 million a year ago. Basic earnings per share from continuing operations was CAD 0.93 compared to CAD 0.72 a year ago. Diluted earnings per share from continuing operations was CAD 0.93 compared to CAD 0.72 a year ago.