$VBNK

VersaBank, a Canadian bank, is piloting tokenized deposits on the Algorand blockchain, aiming for a commercial launch. This initiative could shape Canada's regulatory framework for blockchain-based banking solutions. Algorand's involvement highlights its strategic position in the digital finance sector.

VersaBank (TSX: VBNK, NASDAQ: VBNK) announced the commercial launch of its Real Bank Tokenized Deposits (RBTDs) in the U.S., compliant with federal regulations. These deposits, branded as VUSD, are interest-paying and FDIC-insured. The bank aims to list VUSD on major digital asset exchanges and plans to offer its tokenized deposit technology to other U.S. banks.

VersaBank (TSX:VBNK, NASDAQ:VBNK) received approval from Canada's Finance Minister for its U.S. reorganization plan, pending Federal Reserve approval. The restructuring aims to establish Versa Bancorp as the bank's direct holding company by October 2026. The company operates in digital B2B banking and cybersecurity.

VersaBank (TSX: VBNK, NASDAQ: VBNK) partnered with Fiserv to provide digital asset technology and custody services for Bank of North Dakota's Roughrider Coin, a dollar-backed stablecoin. VersaBank will handle minting, burning, custody, and reserve management. This collaboration validates VersaBank's proprietary technology and capabilities in a regulated environment.

VersaBank (VBNK) Senior Officer John William Asma acquired 4,000 common shares indirectly at $31.25 each on September 8, 2026, investing $125,000 and increasing his holdings by 33.3%.

VersaBank (VBNK) reported Q3 2026 results with record credit assets, revenue, and net interest income, driven by US SRP growth. Total assets surpassed $7B. Net income rose 53% YoY, but EPS missed estimates. NIM declined due to liquidity and deposit rate pressures. The company targets $3B in new US SRP fundings for 2027. Restructuring costs and DRTC divestiture remain overhangs. Shares gained 49.50% YTD.

VersaBank (VBNK) reported Q3 2026 earnings with total revenue of CAD 38.8 million, up 23% YoY, and net income of CAD 10.1 million, up 53% YoY. Growth was driven by the U.S. Structured Receivable Program (SRP), which contributed nearly 25% of digital banking revenue. Total assets reached CAD 7.2 billion, and the company aims for significant growth in FY 2027, including a target of US$3 billion in U.S. SRP fundings.

VersaBank reported Q3 fiscal 2026 revenue of C$38.8M, missing estimates, but net income rose 53% due to U.S. SRP growth. EPS was C$0.31, up 55% YoY. Shares rose 6.79% on September 3. Total assets reached C$6.88B, with U.S. SRP funding targeted at US$3B for fiscal 2027.

VersaBank reported Q3 revenue growth in Canadian and U.S. banking, with U.S. banking revenue up 199% YoY. Net income in U.S. banking rose 803% YoY. The company's SRP portfolio grew 40% YoY, and it launched an AI-enabled Real-Time SRP product. Management expects U.S. SRP fundings to reach C$1 billion by late 2026 and targets US$3 billion in fiscal 2027. The bank's CET1 ratio is 11.5%, and it plans to divest its cybersecurity business by Aug. 30, 2027.

VersaBank (VBNK) declared a quarterly dividend of CAD $0.025 per common share, payable on October 31, 2026, to shareholders of record on October 9, 2026. The dividends are eligible for tax purposes. VersaBank is a digital bank operating in Canada and the U.S., focusing on underserved banking segments and cybersecurity services.