{"id":918218,"date":"2025-12-10T07:06:11","date_gmt":"2025-12-10T12:06:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/versabank-fourth-quarter-results-demonstrate-operating-leverage-of-business-model-strong-growth-in-rpp-assets-drives-record-revenue\/"},"modified":"2025-12-10T07:06:11","modified_gmt":"2025-12-10T12:06:11","slug":"versabank-fourth-quarter-results-demonstrate-operating-leverage-of-business-model-strong-growth-in-rpp-assets-drives-record-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/versabank-fourth-quarter-results-demonstrate-operating-leverage-of-business-model-strong-growth-in-rpp-assets-drives-record-revenue\/","title":{"rendered":"VERSABANK FOURTH QUARTER RESULTS DEMONSTRATE OPERATING LEVERAGE OF BUSINESS MODEL: STRONG GROWTH IN RPP ASSETS DRIVES RECORD REVENUE"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n VersaBank’s 2025 annual audited Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) will be available today online at www.versabank.com\/investor-relations<\/a>, SEDAR+ at www.sedarplus.ca<\/a>\u00a0and EDGAR at www.sec.gov\/edgar.shtml<\/a>. Supplementary Financial Information will also be available on our website at www.versabank.com\/investor-relations<\/a>. All amounts are in Canadian dollars unless otherwise noted. All interim financial information within this earnings release is unaudited and based on interim Consolidated Financial Statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. All annual financial information herein was derived from VersaBank’s 2025 annual audited Consolidated Financial Statements and MD&A.<\/i>\n <\/p>\n

\n
\n LONDON, ON<\/span>
\n <\/span>, Dec. 10, 2025<\/span><\/span> \/PRNewswire\/ – VersaBank (or the “Bank”) (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today reported its results for the fourth quarter and fiscal year ended October 31, 2025<\/span>. All figures are in Canadian dollars unless otherwise stated.<\/p>\n

\n

\n
\n \"VersaBank
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n CONSOLIDATED FINANCIAL SUMMARY<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n (unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n As at or for the three months ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n As at or for the year ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n October 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n July 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n October 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n October 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n October 31<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n (thousands of Canadian dollars except per share amounts)<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Financial results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 35,092<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31,583<\/span>\n <\/p>\n<\/td>\n

\n

\n 11\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,285<\/span>\n <\/p>\n<\/td>\n

\n

\n 29\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 124,641<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0 111,633<\/span>\n <\/p>\n<\/td>\n

\n

\n 12\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Cost of funds*<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.15\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.33\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (5\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.11\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (23\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.37\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.04\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (17\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Net interest margin*<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.29\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.25\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.12\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.18\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.27\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (4\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Net interest margin on credit assets*<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.65\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.55\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.34\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 13\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.52\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.52\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Return on average common equity*<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.89\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.94\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (21\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.28\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (26\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.11\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.16\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (40\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Adjusted return on average common equity*<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.81\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.24\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.28\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 48\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.85\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.16\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (23\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Net income\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 5,204<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6,582<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (21\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 5,516<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (6\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 28,458<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 39,748<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (28\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Adjusted net income*<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 10,549<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 9,670<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 9\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 5,516<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 91\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 36,891<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 39,748<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (7\u00a0%)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Income per common share basic and diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.16<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n

\n

\n (20\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n

\n

\n (20\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.90<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.49<\/span>\n <\/p>\n<\/td>\n

\n

\n (40\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Adjusted income per common share basic and diluted*<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.33<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.30<\/span>\n <\/p>\n<\/td>\n

\n

\n 10\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n

\n

\n 65\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.17<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.49<\/span>\n <\/p>\n<\/td>\n

\n

\n (21\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Balance sheet and capital ratios**<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0 5,808,475<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 5,477,489<\/span>\n <\/p>\n<\/td>\n

\n

\n 6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 4,838,484<\/span>\n <\/p>\n<\/td>\n

\n

\n 20\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0 5,808,475<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0 4,838,484<\/span>\n <\/p>\n<\/td>\n

\n

\n 20\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Book value per common share*<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.67<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.42<\/span>\n <\/p>\n<\/td>\n

\n

\n 2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15.35<\/span>\n <\/p>\n<\/td>\n

\n

\n 9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16.67<\/span>\n <\/p>\n<\/td>\n

\n

\n 15.35<\/span>\n <\/p>\n<\/td>\n

\n

\n 9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Common Equity Tier 1 (CET1) capital ratio<\/span>\n <\/p>\n<\/td>\n

\n

\n 12.92\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.56\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (5\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.24\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12.92\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.24\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Total capital ratio\u00a0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15.72\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.50\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (5\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.48\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15.72\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.48\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Leverage ratio<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.47\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.90\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (5\u00a0%)<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.38\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.47\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.38\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n * See definition under ‘Non-GAAP and Other Financial Measures’ in the 2025 Annual Management’s Discussion and Analysis.<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n ** Capital management and leverage measures are in accordance with OSFI’s Capital Adequacy Requirements and Basel III Accord.<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n SEGMENTED FINANCIAL SUMMARY \u2013 QUARTERLY<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n (thousands of Canadian dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n for the three months ended<\/span>\n <\/p>\n<\/td>\n

\n

\n October 31, 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Meteor<\/span>\n <\/p>\n<\/td>\n

\n

\n DRTC<\/span>\n <\/p>\n<\/td>\n

\n

\n Eliminations\/<\/span>\n <\/p>\n<\/td>\n

\n

\n Consolidated<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Canada<\/span>\n <\/p>\n<\/td>\n

\n

\n USA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n Adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,399<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,234<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 32,633<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 250<\/span>\n <\/p>\n<\/td>\n

\n

\n (15)<\/span>\n <\/p>\n<\/td>\n

\n

\n 673<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,898<\/span>\n <\/p>\n<\/td>\n

\n

\n (347)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,459<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 27,649<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,219<\/span>\n <\/p>\n<\/td>\n

\n

\n 673<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,898<\/span>\n <\/p>\n<\/td>\n

\n

\n (347)<\/span>\n <\/p>\n<\/td>\n

\n

\n 35,092<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for (recovery of) credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,365<\/span>\n <\/p>\n<\/td>\n

\n

\n (46)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,319<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 26,284<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,265<\/span>\n <\/p>\n<\/td>\n

\n

\n 673<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,898<\/span>\n <\/p>\n<\/td>\n

\n

\n (347)<\/span>\n <\/p>\n<\/td>\n

\n

\n 33,773<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-interest expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Salaries and benefits<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,446<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,213<\/span>\n <\/p>\n<\/td>\n

\n

\n 130<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,327<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,116<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,941<\/span>\n <\/p>\n<\/td>\n

\n

\n 924<\/span>\n <\/p>\n<\/td>\n

\n

\n 140<\/span>\n <\/p>\n<\/td>\n

\n

\n 143<\/span>\n <\/p>\n<\/td>\n

\n

\n (347)<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,801<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Premises and equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n 929<\/span>\n <\/p>\n<\/td>\n

\n

\n 323<\/span>\n <\/p>\n<\/td>\n

\n

\n 276<\/span>\n <\/p>\n<\/td>\n

\n

\n 426<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,954<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 19,316<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,460<\/span>\n <\/p>\n<\/td>\n

\n

\n 546<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,896<\/span>\n <\/p>\n<\/td>\n

\n

\n (347)<\/span>\n <\/p>\n<\/td>\n

\n

\n 23,871<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,968<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,805<\/span>\n <\/p>\n<\/td>\n

\n

\n 127<\/span>\n <\/p>\n<\/td>\n

\n

\n 2<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,902<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,840<\/span>\n <\/p>\n<\/td>\n

\n

\n 806<\/span>\n <\/p>\n<\/td>\n

\n

\n 33<\/span>\n <\/p>\n<\/td>\n

\n

\n 19<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,698<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,128<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,999<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 94<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (17)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,204<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,050,922<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 759,733<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,207<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,538<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (36,925)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,808,475<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,777,508<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 498,822<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,006<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28,319<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (36,853)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,275,802<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n for the three months ended<\/span>\n <\/p>\n<\/td>\n

\n

\n July 31, 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Meteor<\/span>\n <\/p>\n<\/td>\n

\n

\n DRTC<\/span>\n <\/p>\n<\/td>\n

\n

\n Eliminations\/<\/span>\n <\/p>\n<\/td>\n

\n

\n Consolidated<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Canada<\/span>\n <\/p>\n<\/td>\n

\n

\n USA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n Adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,656<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,123<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29,779<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (37)<\/span>\n <\/p>\n<\/td>\n

\n

\n (7)<\/span>\n <\/p>\n<\/td>\n

\n

\n 622<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,569<\/span>\n <\/p>\n<\/td>\n

\n

\n (343)<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,804<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 26,619<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,116<\/span>\n <\/p>\n<\/td>\n

\n

\n 622<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,569<\/span>\n <\/p>\n<\/td>\n

\n

\n (343)<\/span>\n <\/p>\n<\/td>\n

\n

\n 31,583<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for (recovery of) credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,201<\/span>\n <\/p>\n<\/td>\n

\n

\n (20)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,181<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 25,418<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,136<\/span>\n <\/p>\n<\/td>\n

\n

\n 622<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,569<\/span>\n <\/p>\n<\/td>\n

\n

\n (343)<\/span>\n <\/p>\n<\/td>\n

\n

\n 30,402<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-interest expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Salaries and benefits<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,214<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,174<\/span>\n <\/p>\n<\/td>\n

\n

\n 214<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,497<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,099<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,636<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,163<\/span>\n <\/p>\n<\/td>\n

\n

\n 47<\/span>\n <\/p>\n<\/td>\n

\n

\n 214<\/span>\n <\/p>\n<\/td>\n

\n

\n (343)<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,717<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Premises and equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n 898<\/span>\n <\/p>\n<\/td>\n

\n

\n 186<\/span>\n <\/p>\n<\/td>\n

\n

\n 373<\/span>\n <\/p>\n<\/td>\n

\n

\n 376<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,833<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 16,748<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,523<\/span>\n <\/p>\n<\/td>\n

\n

\n 634<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,087<\/span>\n <\/p>\n<\/td>\n

\n

\n (343)<\/span>\n <\/p>\n<\/td>\n

\n

\n 21,649<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,670<\/span>\n <\/p>\n<\/td>\n

\n

\n 613<\/span>\n <\/p>\n<\/td>\n

\n

\n (12)<\/span>\n <\/p>\n<\/td>\n

\n

\n (518)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,753<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,150<\/span>\n <\/p>\n<\/td>\n

\n

\n 176<\/span>\n <\/p>\n<\/td>\n

\n

\n (35)<\/span>\n <\/p>\n<\/td>\n

\n

\n (120)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,171<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,520<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 437<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (398)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,582<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,124,771<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 348,389<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11,543<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25,015<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (32,229)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,477,489<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,790,738<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 155,228<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,491<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19,410<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25,520)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,949,347<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n for the three months ended<\/span>\n <\/p>\n<\/td>\n

\n

\n October 31, 2024<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Meteor<\/span>\n <\/p>\n<\/td>\n

\n

\n DRTC<\/span>\n <\/p>\n<\/td>\n

\n

\n Eliminations\/<\/span>\n <\/p>\n<\/td>\n

\n

\n Consolidated<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Canada<\/span>\n <\/p>\n<\/td>\n

\n

\n USA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n Adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,509<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,392<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,901<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 141<\/span>\n <\/p>\n<\/td>\n

\n

\n 1<\/span>\n <\/p>\n<\/td>\n

\n

\n 285<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,298<\/span>\n <\/p>\n<\/td>\n

\n

\n (341)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,384<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 23,650<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,393<\/span>\n <\/p>\n<\/td>\n

\n

\n 285<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,298<\/span>\n <\/p>\n<\/td>\n

\n

\n (341)<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,285<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for (recovery of) credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n (22)<\/span>\n <\/p>\n<\/td>\n

\n

\n (134)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n (156)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 23,672<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,527<\/span>\n <\/p>\n<\/td>\n

\n

\n 285<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,298<\/span>\n <\/p>\n<\/td>\n

\n

\n (341)<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,441<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-interest expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Salaries and benefits<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,483<\/span>\n <\/p>\n<\/td>\n

\n

\n 437<\/span>\n <\/p>\n<\/td>\n

\n

\n 134<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,276<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,330<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,874<\/span>\n <\/p>\n<\/td>\n

\n

\n 365<\/span>\n <\/p>\n<\/td>\n

\n

\n 35<\/span>\n <\/p>\n<\/td>\n

\n

\n 513<\/span>\n <\/p>\n<\/td>\n

\n

\n (341)<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,446<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Premises and equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n 855<\/span>\n <\/p>\n<\/td>\n

\n

\n 105<\/span>\n <\/p>\n<\/td>\n

\n

\n 27<\/span>\n <\/p>\n<\/td>\n

\n

\n 602<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,589<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 16,212<\/span>\n <\/p>\n<\/td>\n

\n

\n 907<\/span>\n <\/p>\n<\/td>\n

\n

\n 196<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,391<\/span>\n <\/p>\n<\/td>\n

\n

\n (341)<\/span>\n <\/p>\n<\/td>\n

\n

\n 19,365<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,460<\/span>\n <\/p>\n<\/td>\n

\n

\n 620<\/span>\n <\/p>\n<\/td>\n

\n

\n 89<\/span>\n <\/p>\n<\/td>\n

\n

\n (93)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,076<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,429<\/span>\n <\/p>\n<\/td>\n

\n

\n 155<\/span>\n <\/p>\n<\/td>\n

\n

\n (9)<\/span>\n <\/p>\n<\/td>\n

\n

\n (15)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,560<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,031<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 465<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 98<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (78)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,516<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,602,360<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 226,319<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,434<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,564<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (17,193)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,838,484<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,343,878<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90,716<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,371<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28,894<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25,578)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,439,281<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n SEGMENTED FINANCIAL SUMMARY – ANNUAL<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n (thousands of Canadian dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n for the year ended<\/span>\n <\/p>\n<\/td>\n

\n

\n October 31, 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Meteor<\/span>\n <\/p>\n<\/td>\n

\n

\n DRTC<\/span>\n <\/p>\n<\/td>\n

\n

\n Eliminations\/<\/span>\n <\/p>\n<\/td>\n

\n

\n Consolidated<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Canada<\/span>\n <\/p>\n<\/td>\n

\n

\n USA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n Adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 103,265<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,903<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 116,168<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 460<\/span>\n <\/p>\n<\/td>\n

\n

\n (39)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,206<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,245<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,473<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 103,725<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,864<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,206<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,245<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n

\n 124,641<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for (recovery of) credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,553<\/span>\n <\/p>\n<\/td>\n

\n

\n (140)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,413<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 99,172<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,004<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,206<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,245<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n

\n 120,228<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-interest expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Salaries and benefits<\/span>\n <\/p>\n<\/td>\n

\n

\n 25,785<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,015<\/span>\n <\/p>\n<\/td>\n

\n

\n 814<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,370<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 37,984<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 29,560<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,484<\/span>\n <\/p>\n<\/td>\n

\n

\n 574<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,508<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n

\n 33,727<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Premises and equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,677<\/span>\n <\/p>\n<\/td>\n

\n

\n 722<\/span>\n <\/p>\n<\/td>\n

\n

\n 820<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,805<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,024<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 59,022<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,221<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,208<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,683<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n

\n 78,735<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 40,150<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,783<\/span>\n <\/p>\n<\/td>\n

\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,438)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 41,493<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,538<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,111<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n (614)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,035<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,612<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,672<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,824)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28,458<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,050,922<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 759,733<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,207<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,538<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (36,925)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,808,475<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,777,508<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 498,822<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,006<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28,319<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (36,853)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,275,802<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n for the year ended<\/span>\n <\/p>\n<\/td>\n

\n

\n October 31, 2024<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Banking<\/span>\n <\/p>\n<\/td>\n

\n

\n Digital Meteor<\/span>\n <\/p>\n<\/td>\n

\n

\n DRTC<\/span>\n <\/p>\n<\/td>\n

\n

\n Eliminations\/<\/span>\n <\/p>\n<\/td>\n

\n

\n Consolidated<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n Canada<\/span>\n <\/p>\n<\/td>\n

\n

\n USA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n Adjustments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 101,263<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,392<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 102,655<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 698<\/span>\n <\/p>\n<\/td>\n

\n

\n 1<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,183<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,455<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,359)<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,978<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total revenue<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 101,961<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,393<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,183<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,455<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,359)<\/span>\n <\/p>\n<\/td>\n

\n

\n 111,633<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for (recovery of) credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n (134)<\/span>\n <\/p>\n<\/td>\n

\n

\n (134)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n (268)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 102,095<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,527<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,183<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,455<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,359)<\/span>\n <\/p>\n<\/td>\n

\n

\n 111,901<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Non-interest expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Salaries and benefits<\/span>\n <\/p>\n<\/td>\n

\n

\n 26,523<\/span>\n <\/p>\n<\/td>\n

\n

\n 437<\/span>\n <\/p>\n<\/td>\n

\n

\n 526<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,298<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 32,784<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 18,324<\/span>\n <\/p>\n<\/td>\n

\n

\n 365<\/span>\n <\/p>\n<\/td>\n

\n

\n 242<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,597<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,359)<\/span>\n <\/p>\n<\/td>\n

\n

\n 19,169<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Premises and equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,292<\/span>\n <\/p>\n<\/td>\n

\n

\n 105<\/span>\n <\/p>\n<\/td>\n

\n

\n 120<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,638<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,155<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 48,139<\/span>\n <\/p>\n<\/td>\n

\n

\n 907<\/span>\n <\/p>\n<\/td>\n

\n

\n 888<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,533<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,359)<\/span>\n <\/p>\n<\/td>\n

\n

\n 57,108<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 53,956<\/span>\n <\/p>\n<\/td>\n

\n

\n 620<\/span>\n <\/p>\n<\/td>\n

\n

\n 295<\/span>\n <\/p>\n<\/td>\n

\n

\n (78)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 54,793<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,860<\/span>\n <\/p>\n<\/td>\n

\n

\n 155<\/span>\n <\/p>\n<\/td>\n

\n

\n 41<\/span>\n <\/p>\n<\/td>\n

\n

\n (11)<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 15,045<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39,096<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 465<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 254<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (67)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39,748<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,602,360<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 226,319<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,434<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,564<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (17,193)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,838,484<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,343,878<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 90,716<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,371<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28,894<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25,578)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,439,281<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n MANAGEMENT COMMENTARY<\/b>\n <\/p>\n

“The fourth quarter was a very strong finish to a transformational fiscal 2025 and indicative of the momentum in our Digital Banking business as we increasingly benefit from the operating leverage in our cloud-based, business-to-business bank, driven by growth in both the United States<\/span> and Canada<\/span>,” said David Taylor<\/span>, Founder and President, VersaBank. “The rapidly accelerating ramp up of our Receivable Purchase Program (“RPP”) in the US, alongside steady growth of our RPP in Canada<\/span>, resulted in a very healthy year-over-year increase in credit assets of 20% to a new record, which, combined with a steady expansion of our net interest margin, drove year-over-year revenue growth of 29%, also reaching a new all-time high. With the steady improvement in efficiency, that translated into an 91% increase in adjusted net income, which excludes the one-time costs associated with our reorganization to realign our corporate structure to a standard US bank framework.”<\/p>\n

“We expect this momentum to continue throughout fiscal 2026 driven by anticipated continued growth in our RPP portfolio both north and south of the border.\u00a0 Notably, in the US, our most significant growth opportunity, we will see the benefit of the higher operating leverage there as growth in the RPP continues to quickly ramp up, with the majority of our cost structure already in place.\u00a0 We expect strong growth in the US to be complemented by continued solid growth in Canada<\/span>, where spending in the verticals on which we focus remains resilient.\u00a0 We also expect to incrementally benefit from our new Enhanced CHMC Lending Program in Canada<\/span>, which we launched recently, and which has de minimis operating costs.\u00a0 We expect to capitalize on these growth opportunities with minimal expansion of our non-interest expenses.”<\/p>\n

\u00a0“In addition to anticipated growth in our core Digital Banking business next year, early in fiscal 2026 we expect to commercially launch what we believe will be the first tokenized deposit issued in both US and Canadian currencies.\u00a0 VersaBank’s proprietary Real Bank Deposit Tokens\u2122, based on the Bank’s unique VersaVault\u00ae encryption technology, have the potential to both be a new driver of very low-cost deposits for the Bank, as well as an additional source of low-cost revenue as one of the first and most secure of such technologies for banks in both the US and Canada<\/span> to bring the superior security and operability of the blockchain to conventional deposit and payment functionality, with very clear superiority to non-bank issued stablecoins.”<\/p>\n

\n HIGHLIGHTS FOR THE FOURTH QUARTER OF FISCAL 2025<\/b>\n <\/p>\n

\n
\n Consolidated (Canadian and US Digital Banking Operations, Digital Meteor and DRTC)<\/i>
\n <\/b>\n <\/p>\n