May 27 (Reuters) - VersaBank VB.TO :
* VERSABANK REPORTS CONTINUED STRONG FINANCIAL RESULTS FOR THE SECOND QUARTER 2020, WITH 5% YEAR-OVER-YEAR GROWTH IN NET INCOME ON RECORD REVENUE
* VERSABANK - QTRLY REVENUE $14.5 MILLION VERSUS $12.7 MILLION
* VERSABANK - QTRLY EARNINGS PER SHARE $0.22
* VERSABANK - QTRLY CORE CASH EPS $0.34
* VERSABANK - TEMPORARILY INCREASED CASH BALANCE FOR NEAR TERM, WHICH, AT END OF Q2 WAS $340 MILLION
* VERSABANK - EXPECT POINT OF SALE FINANCING LOAN PORTFOLIO TO PAUSE GROWTH IN 2020 DUE TO COVID-19