VERSABANK DECLARES DIVIDENDS

Rhea-AI Summary

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.

Positive

• Dividend declared of CAD $0.025 per common share
• Payable date set for April 30, 2026
• Record date established as April 10, 2026
• Eligible dividend status for tax purposes

Negative

• Low per-share amount of CAD $0.025 may imply a modest yield
• Cash outflow date of April 30, 2026 requires shareholder eligibility by April 10

LONDON, ON, March 4, 2026 /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 April 30, 2026, payable as of April 30, 2026, to shareholders of record at the close of business on April 10, 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 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 Minneapolis-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 tokenized deposits.

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

Visit our website at:  www.versabank.com

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

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SOURCE VersaBank

FAQ

What dividend did VersaBank (VBNK) declare for the quarter ending April 30, 2026?

VersaBank declared a cash dividend of CAD $0.025 per common share for the quarter ending April 30, 2026. According to the company, the dividend is classified as an eligible dividend for tax purposes.

When is the VersaBank (VBNK) dividend payable and what is the record date?

The dividend is payable on April 30, 2026 and the record date is April 10, 2026. According to the company, shareholders of record at close of business on April 10 will receive the payment on April 30.

Is the VersaBank (VBNK) dividend taxable and how is it classified?

Yes. The dividend is an eligible dividend for tax purposes. According to the company, this classification can affect Canadian tax treatment for eligible shareholders receiving the payment.

Who will receive the VersaBank (VBNK) dividend declared for April 2026?

Shareholders of record at the close of business on April 10, 2026 will receive the dividend. According to the company, those recorded shareholders will be paid on April 30, 2026.

How large is the cash dividend per share that VersaBank (VBNK) announced on March 4, 2026?

The announced cash dividend is CAD $0.025 per common share. According to the company, this applies to the quarter ending April 30, 2026 and is payable April 30 to record holders on April 10.