<div id="readability-page-1"><div> <p>(RTTNews) - VersaBank (VBNK) revealed a profit for second quarter that Drops, from last year</p> <p>The company's bottom line came in at C$7.52 million, or C$0.23 per share.  This compares with C$8.53 million, or C$0.26 per share, last year.</p> <p>Excluding items, VersaBank reported adjusted earnings of C$12.38 million or C$0.39 per share for the period. </p> <p>The company's revenue for the period rose 27.0% to C$38.29 million from C$30.14 million last year.</p> <p>VersaBank earnings at a glance (GAAP) :</p> <p>-Earnings: C$7.52 Mln. vs. C$8.53 Mln. last year. -EPS: C$0.23 vs. C$0.26 last year. -Revenue: C$38.29 Mln vs. C$30.14 Mln last year.  </p> <p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div></div>

VBNK

<p>VersaBank reported a decline in Q2 net profit to C$7.52 million (C$0.23 EPS) from C$8.53 million (C$0.26 EPS) last year. However, revenue rose 27% to C$38.29 million. Adjusted earnings were C$12.38 million.</p>

VersaBank Bottom Line Falls In Q2