SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EARNINGS ARTICLE L impact

VersaBank posts higher 3Q net income on U.S. digital lending

VersaBank reported net income of 10.1 million for the three months ended July 31, citing rapid growth in its U.S. digital lending program that lifted total revenue.

VBNK

By Adriano MarcheseVersaBank logged higher profit in the third quarter, driven by the rapid growth of its U.S. digital lending program that helped lift total revenue.For the three months ended July 31, the Canadian business-to-business digital bank on Thursday posted net income of 10.1 million Cana…