VersaBank Announces Quarterly Cash Dividends for Shareholders in 2025

VersaBank Declares Quarterly Dividends

On March 5, 2025, VersaBank (TSX: VBNK; NASDAQ: VBNK) made a significant announcement regarding its financial operations. The North American bank revealed that it will be distributing cash dividends amounting to CAD $0.025 per common share for the quarter concluding on April 30, 2025. This move is set to reward shareholders who maintain their investments in the bank up until the established record date of April 4, 2025.

These dividends qualify as eligible dividends for tax purposes, making them a favorable choice for investors looking for returns amid fluctuating market conditions. This announcement is a continuation of VersaBank's commitment to maximizing shareholder value while ensuring sustainable growth within the competitive banking industry.

About VersaBank

VersaBank is renowned for its unique, digital-first approach to banking, distinguishing itself within the North American market. Operating without traditional branch networks, the bank leverages advanced technology to provide services primarily to underbanked segments. By focusing on a business-to-business model, VersaBank delivers financial solutions that target niche markets, enhancing its operational efficiency and return on equity.

One of the bank's standout offerings is its Receivable Purchase Program (RPP), designed to serve point-of-sale finance companies. Launched in August 2024, this program has surged in popularity, particularly in the underserved U.S. market, where it seeks to address significant financing gaps.

In addition to its innovative financial products, VersaBank holds a stake in DRT Cyber Inc., a prominent cybersecurity provider. This venture highlights the bank's proactive stance in combating cyber threats that increasingly challenge financial institutions and corporations across North America.

VersaBank's common shares are actively traded on both the Toronto Stock Exchange and Nasdaq, offering investors an opportunity to engage with a bank positioned for growth and innovation in an ever-evolving financial landscape. As such, the recent declaration of dividends signifies a positive trajectory, reaffirming the bank's commitment to delivering value to its shareholders.

For additional insights on VersaBank and its extensive financial solutions, visit www.versabank.com or follow the bank's updates on social media channels including Facebook, Instagram, LinkedIn, and X (formerly Twitter).

In conclusion, as VersaBank continues to adapt and respond to market needs, its latest dividend declaration serves as a testament to its strategic financial management and relentless pursuit of excellence in the banking sector. Shareholders can look forward to receiving their dividends as of April 30, 2025, reinforcing their investment in a bank that is paving the way for the future of finance.