Exhibit 99.1 Interim Consolidated Financial Statements January 31, 2024 (Unaudited) 1 VERSABANK Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) | | | January 31 | | October 31 | | January 31 | | --- | --- | --- | --- | --- | --- | --- | | As at | | 2024 | | 2023 | | 2023 | | Assets | | | | | | | | Cash | $ | 127,509 | $ | 132,242 | $ | 201,372 | | Securities (note 4) | | 133,005 | | 167,940 | | 49,847 | | Loans, net of allowance for credit losses (note 5) | | 3,984,281 | | 3,850,404 ...

VersaBank (NASDAQ:VBNK) Q4 2023 Earnings Conference Call December 13, 2023 9:00 AM ET Company Participants David Taylor - President and Chief Executive Officer Shawn Clarke - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Operator Good morning, ladies and gentlemen. Welcome to VersaBank's Fourth Quarter and Year End Fiscal 2023 Financial Results Conference Call. This morning, VersaBank issued a news release reporting its financial results for the fourth quarter and fiscal ...

Q4 2023 Conference Call Presentation December 13, 2023 Post Conference Call Q&A 2 For those wishing to ask questions during the Q&A, please access today's call through the telephone dial-in: 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 reports and other disclosure documents and communications. By their very ...

Financial Performance - Total revenue for Q4 2023 reached $29.173 million, a 9% increase from the previous quarter and a 20% increase year-over-year[3] - Net income for Q4 2023 was $12.479 million, up 25% from the previous quarter and 94% year-over-year[3] - Consolidated net income surged 94% YoY and 25% sequentially to $12.5 million, supported by operating leverage and credit loss recovery[11] - Consolidated net income for the full fiscal year rose 86% to $42.2 million, with earnings per share up 99% to $1.57[16] - Total revenue for the three months ended October 31, 2023, was $29.2 million, up from $24.3 million in the same period last year[32] - Net income for the three months ended October 31, 2023, was $12.5 million, compared to $6.4 million in the same period last year[32] Asset Growth - Total assets grew to $4.201 billion as of October 31, 2023, a 6% increase from the previous quarter and a 29% increase year-over-year[3] - Total assets grew 29% YoY and 6% sequentially to a record $4.2 billion, driven by strong loan growth[11] - VersaBank's total assets increased to $4.2 billion as of October 31, 2023, up from $3.3 billion in the previous year[32] - The company expects to surpass the $5 billion total asset milestone in fiscal 2024, driven by loan portfolio growth[15] Loan Performance - Loans increased 29% YoY and 5% sequentially to a record $3.85 billion, led by a 30% YoY growth in the Point-of-Sale Financing portfolio[11] - Net interest margin on loans decreased 34 bps YoY to 2.69%, impacted by higher cost of funds[11] - The bank's net interest margin was 2.54% for the three months ended October 31, 2023, compared to 2.81% in the same period last year[32] Profitability Metrics - Return on average common equity (ROCE) improved to 13.58% in Q4 2023, a 22% increase from the previous quarter and an 86% increase year-over-year[3] - VersaBank's return on average common equity was 13.58% for the three months ended October 31, 2023, up from 7.32% in the same period last year[32] - Efficiency ratio improved to 45% (down from 51% YoY), reflecting operational leverage in the digital banking model[11] - The bank's efficiency ratio improved to 43% for the three months ended October 31, 2023, compared to 57% in the same period last year[32] Income and Expenses - Net interest income for Q4 2023 was $26.239 million, a 5% increase from the previous quarter and a 17% increase year-over-year[5] - Non-interest income for Q4 2023 was $2.934 million, a 52% increase from the previous quarter and a 65% increase year-over-year[5] - Salaries and benefits expenses for Q4 2023 were $7.289 million, a 2% decrease from the previous quarter but a 1% increase year-over-year[5] - General and administrative expenses for Q4 2023 were $4.163 million, a 6% decrease from the previous quarter and a 25% decrease year-over-year[5] Credit and Capital - Provision for credit losses in Q4 2023 was a recovery of $184,000, compared to a provision of $171,000 in the previous quarter and $205,000 year-over-year[5] - Total capital ratio as of October 31, 2023, was 15.38%, a 2% increase from the previous quarter but a 7% decrease year-over-year[3] - VersaBank's Common Equity Tier 1 (CET1) capital ratio was 11.33% as of October 31, 2023, down from 12.00% in the previous year[32] Cybersecurity Services - Cybersecurity Services revenue increased 21% YoY to $3.4 million, with gross profit up 50% to $2.6 million due to improved operational efficiency[10] - Cybersecurity Services revenue for the full fiscal year increased 9% YoY to $10.6 million, with gross profit up 38% to $7.8 million[14] Business Segments - DRTC revenue increased 83% sequentially and 108% year-over-year to $3.7 million, with net income of $1.2 million compared to a net loss of $99,000 in the previous quarter[30] - DBG revenue increased 46% sequentially and 21% year-over-year to $3.4 million, with gross profit up 45% sequentially and 50% year-over-year to $2.6 million[31] Strategic Developments - The company is advancing the acquisition of Stearns Bank Holdingford N.A., with a regulatory decision expected in Q1 2024[11] - VersaBank announced strategic realignment of senior management roles, including the appointment of Shawn Clarke as Chief Operating Officer and John Asma as Chief Financial Officer[34]

VersaBank (NASDAQ:VBNK) Q3 2023 Earnings Call Transcript August 30, 2023 9:00 AM ET Company Participants David Taylor - President and CEO Shawn Clarke - CFO Conference Call Participants David Feaster - Raymond James Mike Rizvanovic - KBW Research Stephen Ranzini - University Bank Bradley Ness - Choral Capital Operator Good morning, ladies and gentlemen, and welcome to VersaBank's Third Quarter fiscal 2023 Financial Results Conference Call. This morning, VersaBank issued a news release reporting its financia ...

Q3 2023 Conference Call Presentation August 30, 2023 Follow us Post Conference Call Q&A 2 Toll-free: 1 (888) 664-6392 (Canada/US) Local: (416) 764-8659 For those wishing to ask questions during the Q&A, please access today's call through the telephone dial-in: Advisory 3 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, ...

Exhibit 99.1 Interim Consolidated Financial Statements July 31, 2023 (Unaudited) 1 VERSABANK Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) | | | July 31 | | October 31 | | July 31 | | --- | --- | --- | --- | --- | --- | --- | | As at | | 2023 | | 2022 | | 2022 | | Assets | | | | | | | | Cash | $ | 87,726 | $ | 88,581 | $ | 84,214 | | Securities (note 4) | | 182,944 | | 141,564 | | 133,682 | | Loans, net of allowance for credit losses (note 5) | | 3,661,672 | | 2,992,678 | | 2,814,1 ...

VersaBank (NASDAQ:VBNK) Q2 2023 Earnings Conference Call June 7, 2023 9:00 AM ET Company Participants David Taylor - President, Chief Executive Officer Shawn Clarke - Chief Financial Officer Conference Call Participants David Feaster - Raymond James Stephen Lange Ranzini - University Bank Abhilash Shashidharan - KBW Research Operator Good morning ladies and gentlemen. Welcome to VersaBank’s second quarter fiscal 2023 financial results conference call. This morning, VersaBank issued a news release reporting ...

Exhibit 99.1 Interim Consolidated Financial Statements April 30, 2023 (Unaudited) 1 VERSABANK Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) | | | April 30 | | October 31 | | April 30 | | --- | --- | --- | --- | --- | --- | --- | | As at | | 2023 | | 2022 | | 2022 | | Assets | | | | | | | | Cash | $ | 223,661 | $ | 88,581 | $ | 198,157 | | Securities (note 4) | | 39,652 | | 141,564 | | - | | Loans, net of allowance for credit losses (note 5) | | 3,419,455 | | 2,992,678 | | 2,450,276 ...

VersaBank (NASDAQ:VBNK) Q1 2023 Results Conference Call March 8, 2023 9:00 AM ET Company Participants David Taylor - President, CEO Shawn Clarke - CFO Conference Call Participants David Feaster - Raymond James Mike Rizvanovic - KBW Research Stephanie Woo - LodeRock Research Trevor Reynolds - Acumen Capital Brad Ness - Choral Capital Operator Good morning, ladies and gentlemen. Welcome to VersaBank's First Quarter Fiscal 2023 Financial Results Conference Call. This morning, VersaBank issued a news release re ...