Core Viewpoint - VersaBank has launched a pilot program for its proprietary Digital Deposit Receipts (DDRs) in the United States, positioning them as a secure and compliant alternative to traditional stablecoins, with the ability to pay interest and FDIC insurance [1][2][3] Group 1: Digital Deposit Receipts (DDRs) - DDRs are bank-issued tokenized deposits that represent actual cash deposits on a 1:1 basis, offering enhanced security, stability, and regulatory compliance compared to stablecoins [1][4] - The USDVB Pilot Program aims to demonstrate the functionality and operational integrity of DDRs in a US dollar environment while ensuring compliance with US banking regulations [2][3] - DDRs were developed in collaboration with law enforcement to serve as a trusted alternative for mainstream financial applications, addressing the growing trend of digital asset management [4] Group 2: Pilot Program Details - The USDVB Pilot Program will involve phased testing with thousands of transactions, starting with controlled internal testing and expanding to limited external deployment [3] - USDVBs will be issued at a rate of 1 USDVB for each US$1.00 on deposit, managed through VersaBank's proprietary digital vault platform [3][6] - The pilot program is expected to be completed by the end of 2025, with plans for commercial launch shortly thereafter [3] Group 3: Company Overview - VersaBank operates as a federally chartered bank in both Canada and the US, focusing on a digital, business-to-business banking model [7] - The bank has successfully launched a Receivable Purchase Program in the US, expanding its services to underserved markets [7] - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, enhancing its capabilities in managing digital assets securely [7]

Company Overview - VersaBank is a North American bank with a unique branchless, digital, business-to-business model that leverages proprietary technology to serve underserved segments of the banking industry in a risk-mitigated manner [5] - The bank has a significant operating leverage due to its electronic deposit acquisition and funding through financial intermediary partners, which enhances efficiency and return on common equity [5] - VersaBank launched its Receivable Purchase Program in August 2024, targeting the underserved multi-trillion-dollar US market, building on its successful Canadian operations [5] - The bank owns DRT Cyber Inc., a leader in cybersecurity services, addressing the increasing cyber threats faced by financial institutions and corporations [5] - Through its subsidiary Digital Meteor Inc., VersaBank holds proprietary technology for next-generation digital assets, including Digital Deposit Receipts (DDRs) [5] Upcoming Financial Results - VersaBank will report its third quarter 2025 financial results on September 4, 2025, at 7:00 a.m. ET, followed by a conference call at 9:00 a.m. ET [1] - The conference call will feature presentations by the President and CFO, along with a question and answer session [1] Accessing Information - Investors can join the conference call via telephone or through a live webcast available on the bank's website [2][3] - An archived version of the webcast will be accessible for 90 days post-event, and a replay of the teleconference will be available until October 4, 2025 [4]

VersaBank's RPP Securitized Financing offering uses the Bank's same proprietary Asset Management System (AMS) technology as its core RPP solution and benefits from the same unique model under which the Bank requires a cash holdback from its financing partners, which ensures the Bank receives its expected cash flows should the financing partner experience defaults from its end user borrowers. To support the growth of the new RPP securitization financing option in the United States, VersaBank has appointed ca ...

Group 1 - VersaBank will participate in the Sidoti Virtual Investor Conference on June 11-12, 2025, with a presentation by President David Taylor scheduled for June 12 at 2:30 p.m. ET [1] - The Bank will also hold one-on-one meetings with interested institutional investors during the conference [2] Group 2 - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital, business-to-business model that leverages proprietary technology to serve underserved banking segments [3] - The Bank launched its Receivable Purchase Program in August 2024, targeting the US market for point-of-sale finance companies, building on its success in Canada [3] - VersaBank owns DRT Cyber Inc., a leader in cybersecurity services, and Digital Meteor Inc., which holds proprietary technology for digital assets, including Digital Deposit Receipts (DDRs) [3]

Core Insights - VersaBank is set to present its innovative Digital Deposit Receipts (DDRs) at the Florida Bankers Association's Annual Meeting, highlighting their potential to enable banks to issue stablecoins backed by actual deposits [1][2] - The US Administration's positive stance on digital assets is prompting both large and community banks to explore stablecoin solutions for modernizing payment systems [2] - VersaBank operates a branchless, digital business-to-business model, focusing on underserved segments of the banking industry while maintaining a risk-mitigated approach [3] Company Overview - VersaBank is federally chartered in both Canada and the US, utilizing advanced technology to efficiently serve the banking sector [3] - The bank has launched a Receivable Purchase Program funding solution aimed at the US market, which has been successful in Canada for nearly 15 years [3] - VersaBank owns DRT Cyber Inc., a leader in cybersecurity services, and Digital Meteor Inc., which focuses on developing next-generation digital assets [3] Market Position - The Digital Deposit Receipt solution is designed to integrate seamlessly with existing banking software, addressing regulatory concerns and ensuring high security standards [2] - The bank's unique model allows it to achieve significant operating leverage, enhancing efficiency and return on common equity [3] - VersaBank's shares are traded on both the Toronto Stock Exchange and NASDAQ under the symbol VBNK [4]

Core Viewpoint - VersaBank reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.21 per share, and down from $0.33 per share a year ago, indicating a negative earnings surprise of -14.29% [1][2] Financial Performance - The company posted revenues of $21.21 million for the quarter ended April 2025, which was below the Zacks Consensus Estimate by 0.54%, and slightly up from $21.01 million year-over-year [2] - Over the last four quarters, VersaBank has only surpassed consensus EPS estimates once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - VersaBank shares have declined approximately 16.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The current Zacks Rank for VersaBank is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $24.05 million, and for the current fiscal year, it is $1.15 on revenues of $91.78 million [7] - The trend of estimate revisions for VersaBank is mixed, which could change following the recent earnings report [6] Industry Context - The Zacks Industry Rank for Banks - Foreign is currently in the top 9% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of ranked industries [8]

Exhibit 99.1 Interim Consolidated Financial Statements April 30, 2025 (Unaudited) 1 VERSABANK Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) | | | April 30 | | October 31 | | April 30 | | --- | --- | --- | --- | --- | --- | --- | | As at | | 2025 | | 2024 | | 2024 | | Assets | | | | | | | | Cash | $ | 340,186 | $ | 225,254 | $ | 198,808 | | Securities (note 4) | | 104,807 | | 299,300 | | 103,769 | | Credit assets, net of allowance for credit losses (note 5) | | 4,523,812 | | 4,236,1 ...

Core Viewpoint - VersaBank reported strong financial results for Q2 2025, with record total revenue and significant growth in credit assets, driven by its Receivable Purchase Program and digital banking operations [2][12][19]. Financial Performance - Total revenue for Q2 2025 reached CAD 30.1 million, a 6% increase year-over-year and an 8% increase sequentially [12][18]. - Net income for Q2 2025 was CAD 8.5 million, compared to CAD 8.1 million in Q1 2025 and CAD 11.8 million in Q2 2024 [12][18]. - Earnings per share for Q2 2025 were CAD 0.26, down from CAD 0.28 in Q1 2025 and CAD 0.45 in Q2 2024 [12][18]. Asset Growth - Total assets increased by 15% year-over-year and 2% sequentially to a record CAD 5.0 billion, primarily due to growth in credit portfolios [12][20]. - Total credit assets reached CAD 4.52 billion, marking a 13% year-over-year increase and a 4% sequential increase [11][12]. Digital Banking Operations - Digital Banking operations generated total revenue of CAD 28.1 million, a 6% increase year-over-year and a 9% increase sequentially [15]. - The net interest margin on credit assets for Digital Banking operations increased to 2.59%, reflecting a 3% year-over-year increase and a 10% sequential increase [15][12]. Strategic Initiatives - The company is pursuing a structural realignment to align with a standard US bank framework, which is expected to enhance shareholder value and reduce costs [9][12]. - The Receivable Purchase Program in the US is on track to reach at least USD 290 million by fiscal year-end [8][19]. Market Position - VersaBank operates a branchless, digital business-to-business model, leveraging technology to address underserved segments in the banking industry [22]. - The bank's cybersecurity subsidiary, DRT Cyber Inc., positions it as a leader in addressing the growing volume of cyber threats [22].

Group 1 - VersaBank will report its second quarter fiscal 2025 financial results on June 4, 2025, at 7:00 a.m. ET, followed by a conference call at 9:00 a.m. ET [1] - The conference call will feature presentations by David Taylor, President & CEO, and John Asma, CFO, with a question and answer session to follow [1] - The financial results will be released via news release at approximately 7:00 a.m. ET on the same day [1] Group 2 - For those wishing to join the conference call, registration can be done in advance for an automated call back, or participants can dial in directly [2] - A live webcast of the presentation will be available on the Bank's website and through a specific link [3] - An archived version of the webcast will be accessible for 90 days post-event, and a replay of the teleconference will be available until July 4, 2025 [4] Group 3 - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital business-to-business model [5] - The Bank has launched a Receivable Purchase Program funding solution aimed at underserved markets in the US, building on its success in Canada [5] - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, and has proprietary technology for digital assets, including Digital Deposit Receipts [5]

Core Viewpoint - VersaBank has received approval for a Normal Course Issuer Bid (NCIB) to repurchase up to 2,000,000 common shares, representing approximately 8.99% of its public float, amidst a challenging environment for the North American banking industry [1][2][3] Group 1: Financial Performance - In fiscal 2025 year to date, VersaBank has achieved significant year-over-year growth in profitability, leading to improvements in efficiency ratio and return on common equity [2] - The bank's performance is noted to be strong despite broader industry challenges, particularly in the United States, which have negatively impacted overall valuations [2] Group 2: Share Repurchase Program - The NCIB allows VersaBank to purchase common shares starting April 30, 2025, and ending April 29, 2026, or earlier if purchases are completed [3] - Daily purchases under the NCIB will be limited to 25% of the average daily trading volume (ADTV), which is 9,440 common shares, with a total of 20,321,293 shares traded during the preceding six-month period [2][3] Group 3: Business Model and Strategy - VersaBank operates a branchless, digital, business-to-business model that leverages proprietary technology to serve underserved segments of the banking industry [4] - The bank has launched a Receivable Purchase Program targeting the U.S. market, which has been successful in Canada for nearly 15 years [4] - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, and Digital Meteor Inc., which focuses on next-generation digital assets for the banking sector [4]