07:56 AM EDT, 06/03/2026 (MT Newswires) -- VersaBank ( VBNK ) , up 1.2% in U.S. pre-market trading, said Wednesday that second-quarter adjusted earnings and revenue both climbed, beating estimates.

Adjusted earnings, stripped of most one-time items, surged 45% to $12.4 million, or $0.39 per share, compared with adjusted earnings of $8.5 million, or $0.26 per share in the prior year period. Analysts polled by FactSet had expected $0.35 per share.

Total revenue jumped 27% to a record $38.3 million, beating the $36.5 million analysts expected. The increase was primarily due to the continued growth in credit assets, which were up 25% year-over-year.

The company will pay a regular quarterly dividend of $0.025 per share on July 31, to shareholders of record on July 10.

VersaBank ( VBNK ) separately announced today that it has publicly filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with its plan to realign its corporate structure to a standard U.S. bank framework. The reorganization will see Versa Bancorp, a new Delaware corporation become the holding company of VersaBank ( VBNK ) and VersaBank USA National Association.

Versabank ( VBNK ) shares were last seen up US$0.22, to US$18.35 in New York trading.