Company Overview - VersaBank is a North American bank with a branchless, digital, business-to-business model that utilizes proprietary technology to serve underserved segments of the banking industry in a risk-mitigated manner [5] - The bank primarily conducts its operations electronically through financial intermediary partners, which enhances its operational efficiency and return on common equity [5] - VersaBank launched its Receivable Purchase Program (RPP) in August 2024, targeting the underserved multi-trillion-dollar US market, building on its successful experience in Canada [5] - The bank also owns DRT Cyber Inc., a leader in providing cybersecurity services to combat increasing cyber threats faced by financial institutions and government entities [5] Upcoming Financial Results - VersaBank will report its first quarter fiscal 2025 financial results on March 5, 2025, at 7:00 a.m. ET [1] - A conference call/webcast will follow at 9:00 a.m. ET, featuring presentations by the President & CEO David Taylor and CFO John Asma, along with a Q&A session [1] - The financial results will be disseminated via a news release prior to the conference call [1]

Core Insights - VersaBank has entered into a partnership with Watercress Financial Group to enhance its presence in the US home improvement loan market through its Receivable Purchase Program (RPP) [1][2] - The partnership marks VersaBank's first collaboration with an American company following its acquisition of a US bank, aiming to leverage Watercress's established network and expertise in consumer loans [2][5] - VersaBank's RPP has shown significant growth, with a portfolio exceeding CAD$3.3 billion (US$2.4 billion) and a compounded annual growth rate of over 27% over the last five years [4] Company Overview - VersaBank is a fully digital financial institution with a cloud-based, branchless model, focusing on underserved segments of the banking industry [6][7] - The bank has successfully provided over CAD$10.5 billion (US$7.5 billion) in funding to North American finance companies since the launch of its RPP in 2010 [4] - VersaBank also operates in the cybersecurity sector through its subsidiary DRT Cyber Inc., addressing the growing cyber threats faced by financial institutions and corporations [7] Industry Context - The US represents the largest point-of-sale financing market globally, making it a strategic focus for VersaBank's expansion efforts [2] - Home improvement financing has been a significant growth driver for VersaBank's Canadian operations, indicating potential for similar success in the US market [2][4] - The RPP is designed to meet the demand for accessible and economically attractive capital in the consumer and small business financing market [3]

Corporate Realignment and Divestiture - VersaBank announced the internal transfer of assets related to its Digital Deposit Receipt technology to a subsidiary named Digital Meteor, Inc. This move is aimed at enhancing shareholder value and supports the planned divestiture of its Cyber Security businesses [1] - The transfer is not expected to have any material financial implications for the bank [1] Digital Asset Innovation - The company is encouraged by the favorable stance of the U.S. administration towards digital assets, particularly following President Trump's executive order aimed at promoting U.S. leadership in digital assets and financial technology [2] - VersaBank has successfully completed a pilot program with its blockchain-based DDR, which provides a secure representation of federally regulated bank deposits on multiple blockchains, and received SOC 2 Type I certification for its VersaVault® technology in 2022 [2] - DDRs can be converted to and from other digital currencies like Bitcoin, combining traditional banking safety with blockchain efficiency [2] Digital Deposit Receipts (DDRs) - DDRs are highly encrypted digital assets representing actual fiat currency on deposit with the bank, issued on secure blockchains such as Algorand, Ethereum, and Stellar [3] - They offer superior security, stability, and regulatory compliance compared to traditional stablecoins, making them a trusted alternative for mainstream financial applications [3] Business Model and Market Expansion - VersaBank operates as a fully digital financial institution with a cloud-based, branchless model, focusing on underserved segments of the banking industry [4] - The bank launched its Receivable Purchase Program (RPP) in August 2024, targeting the U.S. market, which has been successful in Canada for nearly 15 years [4] - The RPP provides funding for low-risk point-of-sale finance companies through automated electronic purchases of cash flow streams from finance partners' loans [4] Cyber Security Services - VersaBank owns DRT Cyber Inc., a leader in providing cyber security services to financial institutions, multinational corporations, and government entities [5]

Core Insights - The "holy grail" in banking is achieving a high Return on Equity (ROE) with a low-risk profile while also ensuring rapid growth and significant operating leverage [1] Group 1: Independent Banking Research - Independent banking research emphasizes financials, deep value, special situations, and financial arbitrage [2] - The approach is agnostic and apolitical, focusing on durable and uncorrelated cash flows that perform well in both inflationary and deflationary environments [2]

Group 1 - VersaBank announced the full exercise of the underwriters' option to purchase an additional 849,056 common shares at a price of US$13.25 per share, resulting in additional gross proceeds of US$11,249,992 [1] - The total number of common shares sold in the Offering increased to 6,509,434, with total gross proceeds reaching US$86,250,001 [1] - The net proceeds from the Offering are expected to be used for general banking purposes and will qualify as Common Equity Tier 1 capital for the Bank [2] Group 2 - Raymond James & Associates, Inc. acted as the sole bookrunning manager, while Keefe, Bruyette & Woods, A Stifel Company, and Roth Canada, Inc. served as co-managers for the Offering [2] - VersaBank operates a branchless, digital, business-to-business banking model, leveraging proprietary technology to serve underserved segments of the banking industry [5] - The Bank launched its Receivable Purchase Program (RPP) funding solution in March 2022, targeting the U.S. market, which has been successful in Canada for nearly 15 years [5]

Summary of Key Points Core Viewpoint - VersaBank has successfully completed a public offering of common shares, raising approximately US$75 million, which will be used for general banking purposes and will qualify as Common Equity Tier 1 capital for the Bank [1][2]. Group 1: Offering Details - The offering price was set at US$13.25 per share, with a total of 5,660,378 shares sold, resulting in gross proceeds of US$75,000,009 (approximately CAD$107,287,513) [1]. - An over-allotment option has been granted to underwriters to purchase an additional 15% of the common shares sold, exercisable until January 15, 2025 [2]. Group 2: Underwriters and Regulatory Filings - Raymond James & Associates, Inc. acted as the sole bookrunning manager, with Keefe, Bruyette & Woods, A Stifel Company, and Roth Canada, Inc. serving as co-managers for the offering [3]. - The offering was conducted under a prospectus supplement dated December 16, 2024, which is part of the Bank's short form base shelf prospectus filed with Canadian securities regulatory authorities and the U.S. SEC [4]. Group 3: Company Overview - VersaBank operates a branchless, digital, business-to-business banking model, focusing on underserved segments of the banking industry [7]. - The Bank has launched a Receivable Purchase Program (RPP) funding solution aimed at the U.S. market, building on its successful experience in Canada [7]. - VersaBank also owns DRT Cyber Inc., a leader in providing cybersecurity services to financial institutions and government entities [7].

Summary of Key Points Core Viewpoint - VersaBank has announced a public offering of 5,660,378 common shares at a price of US$13.25 per share, expecting gross proceeds of approximately US$75 million before underwriting discounts and offering costs [1][2]. Group 1: Offering Details - The offering includes an over-allotment option for underwriters to purchase an additional 15% of the common shares within 30 days from the final prospectus supplement [2]. - The net proceeds from the offering will be utilized for general banking purposes and will qualify as Common Equity Tier 1 capital for the bank [3]. - The closing of the offering is anticipated around December 18, 2024, subject to customary closing conditions and exchange approvals [4]. Group 2: Regulatory Filings - VersaBank has filed a preliminary prospectus supplement and will file a final prospectus supplement with securities regulatory authorities in Canada and the U.S. [6]. - The prospectus documents will be accessible on SEDAR+ and EDGAR, providing detailed information about the offering [6]. Group 3: Company Overview - VersaBank operates as a branchless, digital bank focused on underserved segments of the banking industry, leveraging proprietary technology for efficiency and return on equity [7]. - The bank has successfully launched a Receivable Purchase Program targeting the U.S. market, building on its experience in Canada [7]. - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, addressing the growing threats faced by financial institutions and corporations [8].

The Base Shelf Prospectus and the Preliminary Supplement are accessible on SEDAR+ and on EDGAR LONDON, ON, Dec. 16, 2024 /PRNewswire/ - VersaBank (Nasdaq: VBNK) (TSX: VBNK) (the "Bank") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated November 22, 2024 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection with a public offering of the Bank's common shares (the "Offering"). The Prelim ...

[Introduction and Key Developments](index=1&type=section&id=Introduction%20and%20Key%20Developments) Details VersaBank's strategic US acquisition and its immediate financial impacts on Q4 and FY2024 results [Acquisition of Stearns Bank Holdingford N.A.](index=1&type=section&id=Acquisition%20of%20Stearns%20Bank%20Holdingford%20N.A.) VersaBank completed the acquisition of Stearns Bank Holdingford N.A. (SBH) for approximately US$14.1 million (CA$19.0 million) in August 2024, renaming it VersaBank USA N.A. This acquisition received approvals from US and Canadian regulators and establishes a fully operational national bank in the US focused on small business lending - Acquisition of Stearns Bank Holdingford N.A. (SBH) completed on August 30, 2024, for approximately **US$14.1 million (CA$19.0 million)**. SBH was renamed VersaBank USA N.A. and is an OCC-chartered national bank focused on small business lending[3](index=3&type=chunk) [Impact of US Acquisition on Financial Results](index=1&type=section&id=Impact%20of%20US%20Acquisition%20on%20Financial%20Results) The US acquisition significantly impacted Q4 and FY2024 financial results due to one-time costs, a deferred tax asset expense, and higher cash balances maintained for capital requirements, which temporarily dampened net interest margin - One-time impact associated with the U.S. acquisition totaled **CA$3.3 million** for Q4 and **CA$3.7 million** for FY2024[4](index=4&type=chunk) - A one-time expense of a deferred tax asset of **CA$1.6 million** impacted both Q4 and FY2024[4](index=4&type=chunk) - The combined after-tax impact on net income was **CA$4.5 million** (**CA$0.18 per share**) for Q4 and **CA$5.2 million** (**CA$0.20 per share**) for FY2024[5](index=5&type=chunk) [Consolidated and Segmented Financial Summary](index=2&type=section&id=Consolidated%20and%20Segmented%20Financial%20Summary) Presents VersaBank's consolidated and segmented financial performance for Q4 and FY2024, including key balance sheet and capital ratios [Q4 2024 Consolidated Financials](index=2&type=section&id=Q4%202024%20Consolidated%20Financials) For Q4 2024, VersaBank reported a 6% year-over-year decrease in total revenue to $27.3 million and a 56% year-over-year decrease in net income to $5.5 million, primarily due to one-time acquisition-related costs. Net interest margin also saw a significant decline Q4 2024 (CA$ thousands) | Metric | Q4 2024 (CA$ thousands) | Q4 2023 (CA$ thousands) | YoY Change | | :------------------------ | :---------------------- | :---------------------- | :--------- | | Total revenue | 27,285 | 29,173 | (6%) | | Net income | 5,516 | 12,479 | (56%) | | Net income per common share | 0.20 | 0.47 | (57%) | | Net interest margin* | 2.12% | 2.54% | (17%) | [FY 2024 Consolidated Financials](index=2&type=section&id=FY%202024%20Consolidated%20Financials) For the full fiscal year 2024, total revenue increased 3% year-over-year to $111.6 million, but net income decreased 6% to $39.7 million, largely impacted by one-time acquisition-related items. Net interest margin also declined FY 2024 (CA$ thousands) | Metric | FY 2024 (CA$ thousands) | FY 2023 (CA$ thousands) | YoY Change | | :------------------------ | :---------------------- | :---------------------- | :--------- | | Total revenue | 111,633 | 108,635 | 3% | | Net income | 39,748 | 42,162 | (6%) | | Net income per common share | 1.49 | 1.57 | (5%) | | Net interest margin* | 2.27% | 2.68% | (15%) | [Segmented Financial Performance (Q4 & FY)](index=2&type=section&id=Segmented%20Financial%20Performance%20%28Q4%20%26%20FY%29) Digital Banking Canada remained the primary contributor to net interest income, while Digital Banking USA began contributing in Q4 2024. DRTC generated non-interest income. Non-interest expenses increased across all segments, particularly in Digital Banking Canada and DRTC Q4 2024 Segmented Net Income (CA$ thousands) | Segment | Q4 2024 Net Income | | :------------------------ | :----------------- | | Digital Banking Canada | 5,031 | | Digital Banking USA | 465 | | DRTC | 20 | | Consolidated Net Income | 5,516 | FY 2024 Segmented Net Income (CA$ thousands) | Segment | FY 2024 Net Income | | :------------------------ | :----------------- | | Digital Banking Canada | 39,096 | | Digital Banking USA | 465 | | DRTC | 187 | | Consolidated Net Income | 39,748 | [Balance Sheet and Capital Ratios](index=2&type=section&id=Balance%20Sheet%20and%20Capital%20Ratios) VersaBank's total assets grew significantly year-over-year to $4.8 billion, driven by loan growth. Deposits also increased. Capital ratios remained strong, with CET1 at 11.24% and total capital ratio at 14.48% for FY2024 Balance Sheet Summary (CA$ thousands) | Metric | Oct 31, 2024 | Oct 31, 2023 | YoY Change | | :---------------- | :----------- | :----------- | :--------- | | Total assets | 4,838,484 | 4,201,610 | 15% | | Loans, net | 4,236,116 | 3,850,404 | 10% | | Deposits | 4,144,673 | 3,533,366 | 17% | | Shareholders' equity | 399,203 | 377,158 | 6% | Capital Ratios | Metric | Oct 31, 2024 | Oct 31, 2023 | YoY Change | | :---------------------- | :----------- | :----------- | :--------- | | CET1 capital ratio | 11.24% | 11.33% | (1%) | | Total capital ratio | 14.48% | 15.38% | (6%) | | Leverage ratio | 7.38% | 8.30% | (11%) | [Management Commentary](index=4&type=section&id=Management%20Commentary) Provides the CEO's perspective on VersaBank's strategic direction, operational efficiencies, and future growth prospects [CEO Statement](index=4&type=section&id=CEO%20Statement) CEO David Taylor highlighted the underlying strength of VersaBank's digital, B2B, branchless banking model, particularly the successful rollout of the Receivable Purchase Program (RPP) in the US market. He anticipates increased efficiency in US Digital Banking due to lower deposit costs and personnel requirements, and continued growth in Canadian RPP and CMHC-insured mortgages. The bank also expects profitability from loan syndication in the US and is encouraged by the favorable stance on digital currencies for DRT Cyber Inc - Consolidated EPS, excluding one-time items, was **CA$0.38** for Q4 and **CA$1.69** for FY2024[9](index=9&type=chunk) - Canadian Point-of-Sale Receivable Purchase Program portfolio grew **15%** year-over-year[9](index=9&type=chunk) - Expects US Digital Banking operations to be more efficient due to lower deposit costs and personnel requirements, with additional profitability from loan syndication[9](index=9&type=chunk) [Fiscal 2024 Highlights](index=4&type=section&id=Fiscal%202024%20Highlights) Outlines VersaBank's key financial and operational achievements and challenges during the fourth quarter and the full fiscal year 2024 [Fourth Quarter Highlights](index=4&type=section&id=Fourth%20Quarter%20Highlights) The fourth quarter of fiscal 2024 saw record total assets and loan growth, primarily driven by the POS/RPP portfolio. However, consolidated revenue and net income decreased year-over-year, largely due to one-time acquisition impacts and lower non-interest income from cybersecurity operations [Consolidated Performance (Q4)](index=4&type=section&id=Consolidated%20Performance%20%28Q4%29) Details VersaBank's consolidated financial performance for the fourth quarter, including asset growth, revenue, and net income - Total assets increased **15%** year-over-year and 7% sequentially to a record **CA$4.8 billion**[10](index=10&type=chunk) - Consolidated total revenue decreased **6%** year-over-year to **CA$27.3 million**, primarily due to lower non-interest income from DRTC[10](index=10&type=chunk) - Consolidated net income was **CA$5.5 million**; excluding one-time items, it was **CA$10.0 million**[10](index=10&type=chunk)[17](index=17&type=chunk) - Consolidated earnings per share was **CA$0.20**; excluding one-time items, it was **CA$0.38**[10](index=10&type=chunk)[17](index=17&type=chunk) [Digital Banking Operations (Combined Canada and U.S.) (Q4)](index=4&type=section&id=Digital%20Banking%20Operations%20%28Combined%20Canada%20and%20U.S.%29%20%28Q4%29) Highlights the combined digital banking operations' loan growth, revenue, and net interest margin performance in Q4 - Loans increased **10%** year-over-year and 5% sequentially to a record **CA$4.24 billion**, with POS/RPP portfolio growing **15%** year-over-year[11](index=11&type=chunk) - Total revenue decreased **6%** year-over-year to **CA$25.0 million**[11](index=11&type=chunk) - Net interest margin on loans decreased **13%** year-over-year to **2.34%**, impacted by an atypically inverted yield curve and elevated term deposit rates[11](index=11&type=chunk) [Digital Banking Operations Canada (Q4)](index=5&type=section&id=Digital%20Banking%20Operations%20Canada%20%28Q4%29) Focuses on the net income, EPS, efficiency ratio, and return on common equity for Canadian Digital Banking operations in Q4 - Canadian Digital Banking operations net income (excluding one-time items) was **CA$9.5 million**[13](index=13&type=chunk) - Canadian Digital Banking operations earnings per share (excluding one-time items) was **CA$0.36**[13](index=13&type=chunk) - Efficiency ratio (excluding one-time items) was **53%**; Return on common equity (excluding DRTC and one-time items) was **9.31%**[13](index=13&type=chunk) [Digital Banking Operations U.S. (Q4)](index=5&type=section&id=Digital%20Banking%20Operations%20U.S.%20%28Q4%29) Reports the net income and EPS for U.S. Digital Banking operations in Q4, reflecting initial operational expenses and RPP launch - U.S. Digital Banking operations net income was **CA$0.5 million** and earnings per share was **CA$0.02**[14](index=14&type=chunk) - Results include expenses incurred ahead of asset growth and revenue generated by the launch of the RPP in the U.S[14](index=14&type=chunk) [DRTC's Cybersecurity Services Operations (Q4)](index=5&type=section&id=DRTC%27s%20Cybersecurity%20Services%20Operations%20%28Q4%29) Presents DRTC's revenue and gross margin performance for its cybersecurity services in the fourth quarter - DRTC's revenue (excluding intercompany transactions) decreased **8%** year-over-year to **CA$3.2 million**, but increased **21%** sequentially[15](index=15&type=chunk) - DRTC's gross margin decreased **15%** year-over-year to **CA$2.2 million**, but increased **19%** sequentially, due to the timing of client engagements[15](index=15&type=chunk) [Full Fiscal Year Highlights](index=5&type=section&id=Full%20Fiscal%20Year%20Highlights) For the full fiscal year 2024, VersaBank achieved record total assets and significant loan growth, with a 3% increase in consolidated revenue. However, consolidated net income and EPS decreased due to one-time acquisition-related impacts. Digital Banking operations maintained strong efficiency and return on equity, while DRTC saw revenue and gross margin increases [Consolidated Performance (FY)](index=5&type=section&id=Consolidated%20Performance%20%28FY%29) Summarizes VersaBank's full fiscal year consolidated performance, including asset growth, revenue, and net income - Total assets increased **15%** year-over-year to a record **CA$4.8 billion**[16](index=16&type=chunk) - Consolidated total revenue increased **3%** year-over-year to **CA$111.6 million**[16](index=16&type=chunk) - Consolidated net income decreased **6%** year-over-year to **CA$39.7 million**; excluding one-time items, it was **CA$45.0 million**[16](index=16&type=chunk) - Consolidated earnings per share decreased **5%** year-over-year to **CA$1.49**; excluding one-time items, it was **CA$1.69**[18](index=18&type=chunk) [Digital Banking Operations (Combined Canada and U.S.) (FY)](index=6&type=section&id=Digital%20Banking%20Operations%20%28Combined%20Canada%20and%20U.S.%29%20%28FY%29) Details the full fiscal year performance of combined digital banking operations, focusing on loan growth, revenue, and net interest margin - Loans increased **10%** year-over-year to a record **CA$4.24 billion**, driven by **15%** year-over-year growth in the POS/RPP portfolio[19](index=19&type=chunk) - Total revenue increased **3%** year-over-year to **CA$103.4 million**[19](index=19&type=chunk) - Net interest margin on loans decreased **12%** year-over-year to **2.52%**[19](index=19&type=chunk) - Provision for credit losses as a percentage of average loans remained negligible at **-0.01%**[19](index=19&type=chunk) [Digital Banking Operations Canada (FY)](index=6&type=section&id=Digital%20Banking%20Operations%20Canada%20%28FY%29) Highlights the full fiscal year net income, efficiency ratio, and return on common equity for Canadian Digital Banking operations - Canadian Digital Banking operations net income (excluding one-time items) was **CA$44.3 million**[20](index=20&type=chunk) - Efficiency ratio (excluding DRTC and one-time items) was **44%**[20](index=20&type=chunk) - Return on common equity (excluding DRTC and one-time items) was **11.36%**[20](index=20&type=chunk) [Digital Banking Operations U.S. (FY)](index=6&type=section&id=Digital%20Banking%20Operations%20U.S.%20%28FY%29) Reports the full fiscal year net income and EPS for U.S. Digital Banking operations, reflecting initial operational phases - U.S. Digital Banking operations net income was **CA$0.5 million** and earnings per share was **CA$0.02**[21](index=21&type=chunk) - Results include expenses incurred ahead of asset growth and revenue generated by the launch of the RPP in the U.S[21](index=21&type=chunk) [DRTC's Cybersecurity Services Operations (FY)](index=6&type=section&id=DRTC%27s%20Cybersecurity%20Services%20Operations%20%28FY%29) Presents DRTC's full fiscal year revenue and gross margin performance for its cybersecurity services - DRTC's revenue (excluding intercompany transactions) increased **7%** to **CA$11.6 million**[22](index=22&type=chunk) - DRTC's gross margin increased **3%** to **CA$8.3 million** due to increased client engagements and improved operational efficiency[22](index=22&type=chunk) [Company Overview](index=8&type=section&id=Company%20Overview) Provides a concise description of VersaBank's business model, key offerings, and its cybersecurity subsidiary [About VersaBank](index=8&type=section&id=About%20VersaBank) VersaBank is a North American digital, branchless, B2B bank utilizing proprietary technology to serve underserved banking segments. It launched its Receivable Purchase Program (RPP) in the US market in August 2024 and owns DRT Cyber Inc., a cybersecurity services provider - VersaBank operates a branchless, digital, business-to-business model, leveraging proprietary state-of-the-art technology[27](index=27&type=chunk) - Launched its unique Receivable Purchase Program (RPP) funding solution in the US market in August 2024, after nearly 15 years of success in Canada[27](index=27&type=chunk) - Owns Washington, DC-based DRT Cyber Inc., a North American leader in cybersecurity services[27](index=27&type=chunk) [Forward-Looking Statements](index=8&type=section&id=Forward-Looking%20Statements) Cautions readers about the inherent risks and uncertainties associated with forward-looking statements in VersaBank's public disclosures [Risks and Uncertainties](index=8&type=section&id=Risks%20and%20Uncertainties) This section highlights that VersaBank's public communications contain forward-looking statements, which inherently involve risks and uncertainties. Readers are cautioned against undue reliance, and a detailed discussion of key factors affecting future results is available in the annual MD&A. The bank does not undertake to update these statements unless required by law - Forward-looking statements involve inherent risks and uncertainties, many of which are out of VersaBank's control[29](index=29&type=chunk) - Important factors that could cause actual results to differ include economic conditions, monetary and fiscal policy changes, competition, regulatory changes, technological changes, and geopolitical events[29](index=29&type=chunk) - VersaBank does not undertake to update any forward-looking statement that is contained in this management's discussion and analysis or made from time to time by VersaBank or on its behalf, except as required by securities law[30](index=30&type=chunk) [Conference Call Information](index=9&type=section&id=Conference%20Call%20Information) Provides details regarding the conference call and webcast held to discuss VersaBank's fourth-quarter financial results [Q4 Results Conference Call](index=9&type=section&id=Q4%20Results%20Conference%20Call) VersaBank hosted a conference call and webcast on December 9, 2024, to discuss its Q4 results, featuring presentations by the President & CEO and CFO, followed by a Q&A. Details for joining the call, webcast, and accessing replays were provided - Conference call and webcast held on Monday, December 9, 2024, at 9:00 a.m. (ET) to discuss fourth quarter results[32](index=32&type=chunk) - Featured a presentation by David Taylor, President & CEO, and John Asma, CFO, followed by a question-and-answer period[32](index=32&type=chunk) - Archived webcast presentation and teleconference replay available for 90 days and until January 9, 2025, respectively[34](index=34&type=chunk)

LONDON, ON, Dec. 2, 2024 /PRNewswire/ - VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its fourth quarter and fiscal 2024 year-end financial results and host a conference call to discuss those results on Monday, December 9, 2024. The conference call/webcast is scheduled for 9:00 a.m. ET and is expected to last approximately 60 minutes. The conference call/webcast will include a presentation by David Taylor, President & CEO and John Asma, CFO, followed by a question and answer p ...