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VersaBank (VBNK) Q2/26: US growth tracks, with real-time SRP upside

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VersaBank (VBNK) Q2/26: US growth tracks, with real-time SRP upside

VersaBank (VBNK) reported Q2 results that edged past us and consensus, driven by growth in the Structured Receivable Program (SRP), sequential NIM expansion, and lower provisions. The US growth thesis is alive and well, with VersaBank adding another US$150M of SRP funding - driving net interest income to nearly $8M (22% of NII) which has plenty of runway, with management confident in its US$1B funding target for the year.

Eli Rodney
Eli Rodney

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Jun 4, 2026

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1 min read

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