Feb 24 (Reuters) - VersaBank VB.TO :
* VERSABANK REPORTS CONTINUING STRONG FINANCIAL RESULTS FOR FIRST QUARTER 2021 - RECORD PERFORMANCE IN BANKING OPERATIONS PLUS SIGNIFICANT MOMENTUM IN CYBERSECURITY BUSINESS
* VERSABANK - QTRLY TOTAL REVENUE INCREASED 14% YEAR OVER YEAR AND 12% SEQUENTIALLY, TO A RECORD $15.4 MILLION
* VERSABANK - QTRLY NET INCOME INCREASED 3% YEAR OVER YEAR AND 11% SEQUENTIALLY TO $5.3 MILLION, ITS THIRD HIGHEST REPORTED NET INCOME IN ITS HISTORY
* VERSABANK - QTRLY NET INTEREST MARGIN DECREASED 10 BPS OR 3% YEAR OVER YEAR, HOWEVER, INCREASED 4 BPS OR 1% SEQUENTIALLY, TO 2.86%