VERSABANK DECLARES DIVIDENDS

Rhea-AI Summary

VersaBank (TSX: VBNK) (NASDAQ: VBNK) has announced a quarterly cash dividend payment of CAD $0.025 per Common Share for the quarter ending July 31, 2025. The dividend will be paid on July 31, 2025, to shareholders who are on record as of July 4, 2025. The company has confirmed that these dividends qualify as eligible dividends for tax purposes. This dividend announcement demonstrates VersaBank's commitment to providing regular returns to its shareholders.

Positive

• Regular dividend payment demonstrates financial stability and commitment to shareholder returns
• Dividend maintains consistent shareholder income stream

Negative

• Relatively small dividend amount of CAD $0.025 per share may be considered modest compared to industry standards

LONDON, ON, June 4, 2025 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) 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 July 31, 2025, payable as of July 31, 2025, to shareholders of record at the close of business on July 4, 2025.

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 US, 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 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 Receivable Purchase Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for nearly 15 years, to the underserved multi-trillion-dollar US market.  VersaBank also owns Washington, DC-based DRT Cyber Inc., a North America 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 its wholly owned subsidiary, Digital Meteor Inc. ("Digital Meteor"), 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 Digital Deposit Receipts ("DDRs").

VersaBank's Common Shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

Visit our website at: www.versabank.com

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SOURCE VersaBank

FAQ

What is VersaBank's (VBNK) latest dividend amount for Q3 2025?

VersaBank declared a quarterly cash dividend of CAD $0.025 per Common Share for Q3 2025.

When is the payment date for VersaBank's Q3 2025 dividend?

The dividend payment date is July 31, 2025.

What is the record date for VersaBank's latest dividend?

The record date for VersaBank's dividend is July 4, 2025.

Are VersaBank's dividends eligible for tax purposes?

Yes, VersaBank confirmed that these dividends are eligible dividends for tax purposes.

On which stock exchanges is VersaBank (VBNK) listed?

VersaBank is listed on both the Toronto Stock Exchange (TSX) and NASDAQ under the symbol VBNK.