BayStreet.ca, VersaBank

Today reported net income of $4.7 million for the third quarter ended July 31, 2018. Net income was up $2.0 million or 74% from a year ago and earnings per share (EPS) of 20 cents was up $0.10 or 100% from a year ago. Results for the quarter were driven primarily by higher interest income, improved efficiency, and outstanding credit quality.