VERSABANK'S 2026 ANNUAL MEETING TO BE HELD APRIL 8, 2026 IN LONDON, ONTARIO - MEETING WILL ALSO BE LIVE-STREAMED Accessibility StatementSkip Navigation LONDON, ON, March 25, 2026 /PRNewswire/ - VersaBank (the "Bank") (TSX: VBNK) (NASDAQ: VBNK) today announced its 2026 Annual and Special Meeting of Shareholders (the "Meeting") will be held Wednesday, April 8, 2026 at 10:30 a.m. ET at the VersaBank Innovation Centre of Excellence, 1979 Otter Place, London, Ontario. Those wishing to attend the Meeting via the ...

VERSABANK TO SELL ITS ONLY BANK BRANCH IN HOLDINGFORD, MINNESOTA, TO STEARNS BANK Accessibility StatementSkip Navigation – Sale Consistent with Highly Efficient Branchless, Partner-Based, Digital Banking Model; Will Contribute to Overall Efficiency of the Bank – LONDON, ON, March 24, 2026 /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 announced that the Bank has ent ...

VERSABANK COMMENCES FOREIGN EXCHANGE FUNCTIONALITY AND OTHER ENHANCEMENTS TO SUPPORT COMMERCIALIZATION OF REAL BANK TOKENIZED DEPOSITSâ"¢ Accessibility StatementSkip Navigation Foreign Exchange Capabilities Support Core Use Case for RBTDâ"¢s, Further Strengthening Value Proposition and Extending Competitive Advantage LONDON, ON, March 17, 2026 /PRNewswire/ - VersaBank (or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions ...

Financial Performance - Total consolidated revenue reached a record CAD 36.5 million, up 31% year-over-year and 4% sequentially [1] - Adjusted net income was CAD 12.2 million, up 49% year-over-year and 15% sequentially [9] - Reported net income was CAD 11.1 million, or CAD 0.35 per share [9] Asset Growth - Total assets rose 24% year-over-year and 6% sequentially to over CAD 6.1 billion [2] - Credit asset portfolio grew to a record CAD 5.33 billion, with the Structured Receivable Program (SRP) increasing 29% year-over-year [10] Credit and Revenue Highlights - Credit assets and credit-asset revenue set new records, up 23% and 31% year-over-year, respectively [1] - The U.S. Structured Receivable Program grew 29% year-over-year to CAD 4.4 billion, representing 83% of total credit assets [7][10] Cost Management - Consolidated non-interest expense was CAD 20.5 million, including reorganization costs, compared to CAD 15.7 million in the year-ago quarter [8] - Reorganization costs in Q1 were CAD 1.5 million before tax, with an expectation of an additional CAD 4.0–4.5 million in Q2 [6][16] Management Changes - Nico Ospina was introduced as the new Global Chief Financial Officer, joining from Raymond James' U.S. Investment Banking Group [4] Strategic Initiatives - The bank is executing a corporate realignment to a "standard U.S. bank framework" and plans to divest its cybersecurity unit by summer [3][17] - The bank's digital asset strategy includes pilot programs for "Real Bank Tokenized Deposits" and the announcement of its first stablecoin custody customer, Stablecorp [18] Segment Performance - Canadian banking revenue was CAD 27.6 million, up 16% year-over-year, while U.S. banking revenue was CAD 6.8 million, up 30% sequentially [9]

Financial Data and Key Metrics Changes - Total assets grew 24% year-over-year and 6% sequentially to over CAD 6.1 billion [7] - Total consolidated revenue reached a record of CAD 36.5 million, up 31% year-over-year and 4% sequentially [8] - Reported net income was CAD 11.1 million, with consolidated earnings per share at CAD 0.35 [9] - Adjusted net income increased 49% year-over-year and 15% sequentially to CAD 12.2 million or CAD 0.38 per share [9] Business Line Data and Key Metrics Changes - Revenue for Canadian banking operations was CAD 27.6 million, up 16% year-over-year and level sequentially [10] - U.S. banking operations revenue was CAD 6.8 million, a 30% sequential increase, primarily due to the ramp-up of the U.S. Structured Receivable Program (SRP) [10] - The credit asset portfolio grew to CAD 5.33 billion, driven by the SRP, which increased 29% year-over-year and 9% sequentially [11] Market Data and Key Metrics Changes - The U.S. operations showed higher efficiency compared to Canadian banking operations, benefiting from less expensive deposit funding [6] - The multifamily residential loans and other portfolio decreased 1% year-over-year and 8% sequentially to CAD 0.9 billion [12] Company Strategy and Development Direction - The company aims to add at least CAD 1 billion in fundings in fiscal 2026, a more than threefold increase from 2025 [7] - The transition to a standard U.S. bank framework is ongoing, with expectations of significant efficiency improvements [16] - The divestiture of the cybersecurity business is progressing, expected to be completed by the end of summer, providing additional regulatory capital [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong growth in core digital banking operations, particularly in the U.S. market [15] - The company anticipates net interest margin to remain flat with some upside potential, while non-interest expenses are expected to be relatively flat with opportunities for cost savings [16] - Concerns about the Canadian economy were noted, with expectations of increased insolvencies impacting deposits [60] Other Important Information - The company has re-engaged in digital asset strategies, focusing on tokenized deposits and custody services for stablecoins [18][20] - The first stablecoin custody customer, Stablecorp, was announced, indicating growing interest in the company's technology [21] Q&A Session Summary Question: Update on Stablecorp's coin launch and expected volume - Management indicated that the full launch is imminent, but it is difficult to predict the volume [26] Question: Monetization strategy for the Stablecorp partnership - Initial revenue will come from traditional net interest margin on deposits, estimated at around 50 basis points [28] Question: Pipeline expectations for the U.S. Structured Receivable Program - Management expects strong demand and a mix of on-balance sheet securitized receivables, with a target of CAD 1 billion by year-end [50][51] Question: Concerns about AI disrupting the cybersecurity space - Management acknowledged the importance of AI in cybersecurity and emphasized the strength of their DRT Cyber team [52][54] Question: Expectations for Canadian bankruptcies and insolvencies - Management noted a slight increase in new accounts for insolvency professionals, indicating a potential rise in bankruptcies [58]

Financial Data and Key Metrics Changes - Total assets grew 24% year-over-year and 6% sequentially to over CAD 6.1 billion [7] - Total consolidated revenue reached a record of CAD 36.5 million, up 31% year-over-year and 4% sequentially [8] - Reported net income was CAD 11.1 million, with consolidated earnings per share at CAD 0.35 [9] - Adjusted net income increased 49% year-over-year and 15% sequentially to CAD 12.2 million or CAD 0.38 per share [9] Business Line Data and Key Metrics Changes - Revenue for Canadian banking operations was CAD 27.6 million, up 16% year-over-year and level sequentially [10] - U.S. banking operations revenue was CAD 6.8 million, a 30% sequential increase, primarily due to the ramp-up of the U.S. Structured Receivable Program (SRP) [10] - Cybersecurity component generated revenue of CAD 2 million, level with Q1 last year, but incurred a net loss of CAD 630,000 due to higher operating expenses [10] Market Data and Key Metrics Changes - The credit asset portfolio grew to a record CAD 5.33 billion, driven by the Structured Receivable Program, which increased 29% year-over-year and 9% sequentially [11] - The multifamily residential loans and other portfolio decreased 1% year-over-year and 8% sequentially to CAD 0.9 billion [12] Company Strategy and Development Direction - The company is on track to achieve a target of adding at least CAD 1 billion in fundings in fiscal 2026, a more than threefold increase from 2025 [7] - The transition to a standard U.S. bank framework is ongoing, with expectations of significant efficiency improvements as the year progresses [16][17] - The company is focusing on digital asset strategies, including tokenized deposits and custody services for stablecoins, leveraging its proprietary VersaVault technology [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong growth and profitability in fiscal 2026, citing strong momentum in core digital business and U.S. operations [15] - The company anticipates a relatively flat net interest margin with some upside potential, while non-interest expenses are expected to remain flat with opportunities for cost savings [16] - Concerns about the Canadian economy were noted, with expectations of continued challenges in the insolvency market [59] Other Important Information - The company incurred CAD 1.5 million in reorganization costs in Q1, with an expectation of CAD 4 million to CAD 4.5 million in Q2 [17][88] - The cybersecurity business divestiture process is progressing, with a goal to complete it by the end of summer [17] Q&A Session Summary Question: Update on Stablecorp's stablecoin launch and expected volume - Management indicated that the full launch is imminent and expressed optimism about the potential volume, referencing strong industry partnerships [26][27] Question: Monetization strategy for the Stablecorp partnership - The primary revenue stream will be the traditional net interest margin on deposits, estimated at around 50 basis points [29] Question: Pipeline and expectations for the U.S. Structured Receivable Program - Management noted strong demand for the on-balance sheet securitized receivables, with expectations to exceed the CAD 1 billion target [50][73] Question: Concerns regarding AI in the cybersecurity space - Management acknowledged the importance of AI in cybersecurity and emphasized the strength of their DRT Cyber team [51][52] Question: Expectations for Canadian insolvencies and bankruptcies - Management noted a slight increase in new accounts for insolvency professionals, indicating ongoing economic challenges in Canada [58]

Financial Data and Key Metrics Changes - Total assets grew 24% year-over-year and 6% sequentially to over CAD 6.1 billion [7] - Total consolidated revenue reached a record of CAD 36.5 million, up 31% year-over-year and 4% sequentially [8] - Reported net income was CAD 11.1 million, with consolidated earnings per share at CAD 0.35, while adjusted net income increased 49% year-over-year and 15% sequentially to CAD 12.2 million or CAD 0.38 per share [9][10] Business Line Data and Key Metrics Changes - Revenue for Canadian banking operations was CAD 27.6 million, up 16% year-over-year and level sequentially [9] - U.S. banking operations revenue was CAD 6.8 million, a 30% sequential increase, primarily due to the ramp-up of the U.S. Structured Receivable Program (SRP) [10] - The credit asset portfolio grew to CAD 5.33 billion, driven by the SRP, which increased 29% year-over-year and 9% sequentially to CAD 4.4 billion [11] Market Data and Key Metrics Changes - The U.S. operations showed greater efficiency compared to Canadian banking operations, benefiting from less expensive deposit funding and a smaller management team [6] - The multifamily residential loans and other portfolio decreased 1% year-over-year and 8% sequentially to CAD 0.9 billion as part of a strategy to transition to lower risk-weighted credit assets [12] Company Strategy and Development Direction - The company aims to add at least CAD 1 billion in fundings in fiscal 2026, a more than threefold increase from 2025, while cultivating new partnerships [7] - The reorganization to a standard U.S. bank framework is ongoing, with expected costs of CAD 4 million to CAD 4.5 million in Q2, but anticipated benefits in shareholder value creation [16] - The company is advancing its digital asset strategy, focusing on proprietary Real Bank Tokenized Deposits and custody services for stablecoins [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong growth in core digital banking operations, particularly in the U.S., where operating leverage is significantly greater [14] - The company expects net interest margin to remain relatively flat with some upside potential, while non-interest expenses are anticipated to be flat with opportunities for cost savings [15] - Management noted that the U.S. market is expected to grow larger than Canada, driven by a higher propensity to finance at the point of sale [90] Other Important Information - The company reported a net interest margin of 2.25%, an increase of 17 basis points year-over-year, despite higher cash balances [13] - The provision for credit losses in Q1 was at 5 basis points, down from 11 basis points in Q4 2025 [14] Q&A Session Summary Question: Update on Stablecorp and coin launch expectations - Management indicated that the full-blown launch is imminent, with strong industry partnerships in place [25][26] Question: Monetization strategy for Stablecorp partnership - Initial revenue will come from traditional net interest margin on deposits, estimated around 50 basis points [27] Question: Pipeline and mix for U.S. Structured Receivable Program - The mix was about 85% on-balance sheet securitized receivables, with strong demand expected to continue [49][50] Question: Concerns about AI in cybersecurity - Management acknowledged the importance of AI in cybersecurity and emphasized the strength of their DRT Cyber team [51] Question: Canadian insolvency deposits and expectations - Management noted a slight decline in insolvency deposits, indicating ongoing economic challenges in Canada [57]

Q1 2026 Conference Call March 4, 2026 NASDAQ: VBNK | TSX: VBNK Dial-In to Ask Questions For those wishing to ask questions during the Q&A, please access today's call through the telephone dial-in: Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677 Advisory The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual ...

Exhibit 99.1 Interim Consolidated Financial Statements January 31, 2026 (Unaudited) 1 | | | January 31 | | October 31 | | January 31 | | --- | --- | --- | --- | --- | --- | --- | | As at | | 2026 | | 2025 | | 2025 | | Assets | | | | | | | | Cash | $ | 628,002 | $ | 581,710 | $ | 386,693 | | Securities (note 4) | | 101,276 | | 80,923 | | 158,546 | | Credit assets, net of allowance for credit losses (note 5) | | 5,333,279 | | 5,066,378 | | 4,346,748 | | Property and equipment | | 23,156 | | 23,936 | | 25,107 ...

Core Viewpoint - VersaBank is a significant player in the North American digital banking and cybersecurity technology sector, focusing on business-to-business solutions and innovative financial services [1] Financial Performance - On March 4, 2026, VersaBank reported earnings per share (EPS) of $0.278, exceeding the estimated $0.27, and showing improvement from the $0.20 EPS reported in the same quarter last year [2][5] - The company's revenue for the quarter was approximately $26.76 million, slightly below the estimated $27.06 million, but still reflecting growth from the previous year's revenue of $19.58 million [2][5] Market Position and Valuation - VersaBank's financial metrics indicate a strong market position, with a price-to-earnings (P/E) ratio of 26.56, suggesting investors are willing to pay $26.56 for every dollar of earnings [3][5] - The price-to-sales ratio of 2.44 indicates the market values the company at 2.44 times its sales, while the enterprise value to sales ratio is 0.88, reflecting the company's valuation relative to its sales [3] Financial Structure - The bank maintains a healthy financial structure with a debt-to-equity ratio of 0.20, indicating low debt levels compared to equity [4][5] - The current ratio of 0.13 suggests the company's ability to cover short-term liabilities with short-term assets [4] - The earnings yield of 3.77% represents the return on investment, providing insight into the company's profitability [4]