Today reported its results for the fourth quarter and year ended October 31, 2023. Consolidated total revenue increased 20% year-over-year and 9% sequentially to a record $29.2 million, driven by higher net interest income due primarily to continued strong loan growth, as well as a larger contribution from DRT Cyber Inc. Consolidated net income increased 94% year-over-year and 25% sequentially to $12.5 million, driven primarily by the significant and increasing operating leverage in VersaBank's branchless, business-to-business (partner-based) digital banking model as well as a recovery of credit losses. VersaBank shares T.VBNK are trading up $1.20 at $12.08.