VersaBank

Canadian stocks saw strong gains, led by VersaBank, which rose about 9.8%. VersaBank has called an extraordinary general meeting for September 16 to vote on the restructuring of its U.S. business; the board unanimously recommends approval. Other winners included 5N Plus, Hammond Power Solutions and BRP, with BRP receiving an analyst upgrade. » Więcej na de.investing.com

VersaBank reported for Q3 2026 a revenue increase of 23% to CAD 38.8 million and an increase in earnings per share from CAD 0.20 to CAD 0.31; net income rose 53% to CAD 10.1 million. Total assets reached CAD 6.9 billion at quarter-end and climbed to CAD 7.2 billion after quarter-end, and the SRP portfolio grew 40% to CAD 5.2 billion. Management is introducing Real‑Time SRP, is targeting substantial additional SRP financings in the US and Canada, and expects the net interest margin to move back toward 2.3% once liquidity normalizes. Despite the strong metrics, the stock fell slightly as investors weighed margin pressure, short‑term costs and execution risks. » Więcej na de.investing.com

VersaBank has sent notices for an extraordinary general meeting on Sept. 16, 2026, in London, Ontario, at which shareholders will vote on a reorganization to create Versa Bancorp as a direct or indirect holding company. After the reorganization, Versa Bancorp would replace the currently listed VersaBank and shareholders would receive shares in the new parent company. The SEC declared the related registration statement effective on Aug. 4, 2026; the board unanimously recommends approval, and shareholders of record as of Aug. 10, 2026, are eligible to vote. » Więcej na de.investing.com

VersaBank has invited shareholders to an extraordinary meeting on September 16, 2026, in London, Ontario, to vote on reorganizing into a US banking structure. The plan calls for the newly formed Versa Bancorp, incorporated under Delaware law, to become the holding company of VersaBank and VersaBank USA and subsequently replace the current publicly listed structure. Completion is subject to shareholder approval and regulatory clearances, including from Canadian and US authorities, as well as the expected SEC registration statement on Form S-4. » Więcej na de.investing.com

VersaBank reported Q2 2026 EPS of CAD 0.39 (forecast CAD 0.28) and revenue of CAD 38.3 million, both well above expectations. Total assets rose to CAD 6.4 billion (+28%) and loan volume to CAD 5.7 billion (+25%); adjusted net income increased 35% year-over-year. After the results the stock gained 8.61%; management plans further U.S. growth and expansion of the Real-Time Structured Receivables Program but sees regulatory and cost-related risks. The bank provides EPS guidance of CAD 0.32 for Q3 and CAD 0.35 for Q4 2026. » Więcej na de.investing.com