08:33 AM EST, 11/20/2025 (MT Newswires) -- VersaBank ( VBNK ) said Thursday that it expects to earn at least $2 million of incremental revenue from its enhanced Canadian Mortgage and Housing Corporation (CMHC) insured lending program.

The new program requires minimal regulatory capital and is expected to have "de minimis" additional operating costs. It also does not affect VersaBank's ( VBNK ) current CMHC-insured multi-unit residential construction mortgages or the more than $920 million in commitments for such, it confirmed.

"This new income stream within our already very successful CMHC Lending Program is another example of VersaBank ( VBNK ) leveraging our proprietary banking technology and specific expertise to capitalize on unique opportunities in the banking industry and use our operating leverage to drive earnings growth and value for our shareholders, while further mitigating risk," said David Taylor, founder and president.

"The incremental profitability generated by our Enhanced CMHC Program in fiscal 2026 will complement the anticipated continued growth from the strong momentum in the ramp up of our unique and attractive Receivable Purchase Program financing solution in the United States, as well as continued steady growth in Canada."