Brief: VersaBank Reports Continued Strong Financial Results For Q2 2020

VersaBank

27/05/2020 12:57

May 27 (Reuters) - VersaBank  VB.TO :
    * VERSABANK REPORTS CONTINUED STRONG FINANCIAL RESULTS FOR
THE
SECOND QUARTER 2020, WITH 5% YEAR-OVER-YEAR GROWTH IN NET INCOME
ON RECORD REVENUE
    * VERSABANK - QTRLY REVENUE $14.5 MILLION VERSUS $12.7
MILLION
    * VERSABANK - QTRLY EARNINGS PER SHARE $0.22
    * VERSABANK - QTRLY CORE CASH EPS $0.34
    * VERSABANK - TEMPORARILY INCREASED CASH BALANCE FOR NEAR
TERM,
WHICH, AT END OF Q2 WAS $340 MILLION
    * VERSABANK - EXPECT POINT OF SALE FINANCING LOAN PORTFOLIO
TO
PAUSE GROWTH IN 2020 DUE TO COVID-19

Source text for Eikon:  ID:nBw2G3bWxa 
Further company coverage:  VB.TO 

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