Stock VBNK VERSABANK
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Company VersaBank

Equities

VBNK

CA92512J1066

Banks

Market Closed - Toronto S.E.
Other stock markets
 21:00:00 26/04/2024 BST 		5-day change 1st Jan Change
13.48 CAD +1.51% Intraday chart for VersaBank +2.04% -7.29%
04-17 Transcript : VersaBank - Shareholder/Analyst Call
03-07 News Highlights : Top Financial Services News of the Day - Thursday at 12 AM ET DJ

Business Summary

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. It also offers tax-free savings accounts, guaranteed investment certificates, and registered retirement savings plans.

Number of employees: 119

Sales per Business

CAD in Million2022Weight2023Weight Delta
Digital Banking
92.6 %
77 93.1 % 101 92.6 % +31.12%
Cybersecurity Services and Banking and Financial Technology Development
8.9 %
6 7.1 % 10 8.9 % +66.09%
Eliminations / Adjustments
-1.5 %
0 -0.2 % -2 -1.5 % +902.42%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
82 100.0 % 109 100.0 % +31.85%

Managers

Managers TitleAgeSince
David Taylor FOU
 Founder - 17/01/93
John Asma DFI
 Director of Finance/CFO - -
Brent Hodge CMP
 Compliance Officer - -
Wooi Koay CTO
 Chief Tech/Sci/R&D Officer - 31/10/17
Shawn Clarke COO
 Chief Operating Officer - 14/06/09
Tel Matrundola IRO
 Public Communications Contact - -
Nancy Mccutcheon PRN
 Corporate Officer/Principal - -
Gurpreet Sahota PRN
 Corporate Officer/Principal - -
Joanne Johnston AUD
 Comptroller/Controller/Auditor - -
David Thoms PRN
 Corporate Officer/Principal - 29/02/16

Members of the board

Members of the board TitleAgeSince
David A. Bratton BRD
 Director/Board Member - 22/09/93
Thomas A. Hockin CHM
 Chairman - 20/08/14
Paul Gregory Oliver BRD
 Director/Board Member - 01/06/05
Robbert-Jan Brabander BRD
 Director/Board Member - 03/11/09
Susan McGovern BRD
 Director/Board Member - 05/05/11
David Taylor FOU
 Founder - 17/01/93
Richard Jankura BRD
 Director/Board Member - 08/05/22
Peter Irwin BRD
 Director/Board Member - 03/01/21
Gabrielle Bochynek BRD
 Director/Board Member - 23/04/19
Arthur R. Linton BRD
 Director/Board Member - 31/03/19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 25,964,424 14,229,096 ( 54.80 %) 0 54.80 %
Stock B 0 1,461,460 0 0

Shareholders

NameEquities%Valuation
GBH, Inc.
32.78 %
8,511,652 32.78 % 90 M $
Patrick George
6.312 %
1,638,850 6.312 % 17 M $
AllianceBernstein LP
6.200 %
1,609,824 6.200 % 17 M $
AllianceBernstein LP
6.200 %
1,609,824 6.200 % 17 M $
David Taylor
4.943 %
1,283,456 4.943 % 14 M $
CIBC World Markets, Inc.
4.695 %
1,218,971 4.695 % 13 M $
Mendon Capital Advisors Corp.
3.214 %
834,371 3.214 % 9 M $
Curi RMB Capital LLC
2.429 %
630,773 2.429 % 7 M $
Hillsdale Investment Management, Inc.
1.340 %
347,913 1.340 % 4 M $
Orchard Capital Management LLC
1.272 %
330,372 1.272 % 4 M $
NameEquities%Valuation
Thomas A. Hockin
0.2395 %
3,500 0.2395 % 25 904 $
Paul Gregory Oliver
0.0958 %
1,400 0.0958 % 10 361 $
Robbert-Jan Brabander
0.0640 %
935 0.0640 % 6 920 $
Tel Matrundola
0.006842 %
100 0.006842 % 740 $

Company contact information

VersaBank

140 Fullarton Street Suite 2002

N6A 5P2, London

+519 645 1919

http://www.versabank.com
address VersaBank(VBNK)

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for VersaBank

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
13.48 CAD
Average target price
17.75 CAD
Spread / Average Target
+31.68%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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