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Stocks in play: VersaBank

Reported its results for the fourth quarter and fiscal year ended October 31, 2019. Net income for the quarter was up 5% to $5.4 million, and net income for the year was up 12% to a record $20.2 million, compared to the respective periods last year. Core cash earnings (CCE) for the quarter was up 5% to $7.4 million and CCE for the year was up 10% to $27.8 million compared to the respective periods last year. CCE reflects the Bank’s core operational performance and funds its regulatory capital to support growth. VersaBank shares T.VB are trading up $0.23 at $7.43.

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