Welcome to our dedicated page for Versabank news (Ticker: VBNK), a resource for investors and traders seeking the latest updates and insights on Versabank stock.
VersaBank reports developments as a North American, federally chartered bank built around a branchless, digital business-to-business banking model. Its updates focus on the Structured Receivable Program for point-of-sale finance companies, electronic deposit and funding relationships with financial intermediary partners, and expansion of its digital banking activities in Canada and the United States.
Recurring news also covers cyber security and financial technology through DRT Cyber Inc., digital-asset banking initiatives such as VersaVault and Real Bank Tokenized Deposits, stablecoin custody services, Normal Course Issuer Bid activity, operating results, and shareholder-meeting governance matters.
VersaBank (TSX: VBNK) has launched a pilot with FinanceIt for a new Real-Time Structured Receivable Program (Real-Time SRP) to enable point-of-sale financing of individual loans within hours.
The Real-Time SRP eliminates the need to warehouse receivables for the typical five to 30+ days, leverages the bank's proprietary core banking software and internal AI, and targets expanded SRP adoption in Canada and the United States.
VersaBank (TSX: VBNK) received TSX approval to renew a Normal Course Issuer Bid (NCIB) allowing purchases of up to 2,000,000 common shares for cancellation (about 9.14% of public float based on a 21,876,251 public float as of April 16, 2026).
Daily purchases will be limited to 25% of ADTV (6,627 shares based on a six‑month ADTV of 26,510). Purchases may run from April 30, 2026 to April 29, 2027 on the TSX and Nasdaq; prior NCIB purchases totaled 573,251 shares at a VWAP of US$11.49.
VersaBank (TSX: VBNK) has begun receiving QCAD deposits under its custody services agreement with Stablecorp and congratulated Stablecorp on QCAD's listing on Kraken (April 20, 2026). The bank called this its first incremental income from its digital asset strategy and highlighted benefits of QCAD trading.
VersaBank said QCAD on Kraken enables Canadian Dollar on-chain settlements, deeper CAD liquidity, and 24/7 market access for institutional and retail clients.
VersaBank (TSX: VBNK) reported results of its Annual and Special Meeting held April 8, 2026 in London, Ontario. All director nominees named in the March 9, 2026 circular were elected, with individual vote percentages ranging from 98.07% to 99.81% in favour.
Shareholders approved the appointment of Ernst & Young LLP as auditors and an administrative by-law amendment permitting the roles of President and Chief Executive Officer to be held by separate individuals. Voting results will be filed on SEDAR+ and EDGAR.
VersaBank (TSX: VBNK / NASDAQ: VBNK) will hold its 2026 Annual and Special Meeting of Shareholders on Wednesday, April 8, 2026 at 10:30 a.m. ET at the VersaBank Innovation Centre of Excellence, 1979 Otter Place, London, Ontario.
The meeting will be live-streamed on the company's shareholder meetings web page; an archive will be posted there. Shareholders attending via live-stream cannot vote during the meeting and must submit proxy instructions to Odyssey Trust Company by 10:30 a.m. ET on April 6, 2026.
VersaBank (TSX: VBNK, NASDAQ: VBNK) has agreed to sell assets tied to its only U.S. retail branch in Holdingford, Minnesota, to Stearns Bank, with the transaction approved by the OCC and expected to close in Q2 2026.
The sale supports VersaBank's branchless, partner-based, digital banking model, is expected to boost operating leverage via cost savings, and will cause a one-time, non-cash intangible asset write-off of approximately $1.7 million in Q2 fiscal 2026 while having de minimis impact on tangible book value.
VersaBank (TSX: VBNK) has begun adding foreign exchange functionality and other enhancements to its VersaView blockchain interface to commercialize Real Bank Tokenized Deposits™ (RBTD™s). The Bank engaged Block Time to implement FX and depositor rewards for VersaVault-managed wallets as U.S. and Canadian pilots continue.
The upgrades aim to enable 24/7, near-instant currency conversion between U.S. and Canadian-dollar tokenized deposits, with minimal fees; deposit insurance eligibility remains subject to regulatory confirmation.
VersaBank (TSX: VBNK / NASDAQ: VBNK) declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2026.
The dividend is payable on April 30, 2026 to shareholders of record at the close of business on April 10, 2026 and is an eligible dividend for tax purposes.
VersaBank (TSX: VBNK) reported record Q1 2026 results: revenue $36.5M (+31% YoY), net income $11.1M (+36% YoY) and adjusted net income $12.2M (+49% YoY). Total assets rose to $6.15B (+24% YoY), driven by US and Canadian SRP portfolio growth.
The Bank noted US SRP credit assets of US$472.0M, a plan to add US$1B of US SRP fundings in fiscal 2026, ongoing tokenized deposit and stablecoin custody initiatives, and progress on a shareholder reorganization.
VersaBank (TSX: VBNK) reported record Q1 results for the period ended January 31, 2026, with $36.5M revenue (+31% YoY), $11.1M net income (+36% YoY) and $12.2M adjusted net income (+49% YoY). Total assets reached $6.15B (+24% YoY).
U.S. Structured Receivable Program credit assets were US$472.0M and the bank reiterated a goal to grow U.S. SRP fundings by at least US$1.0B in fiscal 2026. CET1 and total capital ratios declined versus prior year.