VersaBank Declares Dividends

VersaBank (VBNK) declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending October 31, 2026.

Rhea-AI Summary

VersaBank (VBNK) declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending October 31, 2026. The dividend is payable on October 31, 2026 to shareholders of record at the close of business on October 9, 2026 and is designated an eligible dividend for tax purposes.

Positive

• Quarterly dividend declared of CAD $0.025 per common share for the quarter ending October 31, 2026
• Dividend is designated as an eligible dividend, which may offer tax advantages to certain Canadian shareholders

Negative

• None.

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London, Ontario--(Newsfile Corp. - September 3, 2026) - VersaBank (TSX: VBNK) (NASDAQ: VBNK) (the "Bank") today announced that cash dividends in the amount of CAD $0.025 per Common Share of the Bank have been declared for the quarter ending October 31, 2026, payable as of October 31, 2026, to shareholders of record at the close of business on October 9, 2026.

The dividends to which this notice relates are eligible dividends for tax purposes.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multi-trillion-dollar U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's revolutionary and proprietary Real Bank Tokenized Deposits^TM.

VersaBank's common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lawrence Chamberlain
Global Senior Vice President, Investor & Stakeholder Relations
(416) 540-7486
lawrence@versabank.com

Visit our website at: www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X (formerly Twitter)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312590

FAQ

What dividend did VersaBank (VBNK) declare for the quarter ending October 31, 2026?

VersaBank declared a quarterly cash dividend of CAD $0.025 per common share for the quarter ending October 31, 2026. The company states that this dividend is an eligible dividend for tax purposes.

When is the record date for VersaBank (VBNK) dividends for the October 31, 2026 quarter?

The record date for VersaBank’s quarterly dividend is October 9, 2026. Shareholders of record at the close of business on that date will be entitled to receive the CAD $0.025 per common share dividend.

When will VersaBank (VBNK) pay its CAD $0.025 quarterly dividend?

VersaBank will pay its quarterly cash dividend of CAD $0.025 per common share on October 31, 2026, for the quarter ending on the same date, to shareholders of record as of October 9, 2026.

Is the new VersaBank (VBNK) dividend an eligible dividend for tax purposes?

Yes. VersaBank states that the cash dividends of CAD $0.025 per common share declared for the quarter ending October 31, 2026 are eligible dividends for tax purposes, which can be beneficial for certain Canadian taxpayers.