Research analysts who have asked questions during VersaBank earnings calls.
David Feaster
Raymond James
4 questions for VBNK
Also covers: ABCB, ALRS, AX +20 more
Joseph Yanchunis
Raymond James
2 questions for VBNK
Also covers: AMTB, CASH, FINW +5 more
MR
Mehmed Rizvanovic
KBW Research
2 questions for VBNK
Also covers: BMO, TD
Andrew Scott
Morgan Stanley
1 question for VBNK
Also covers: CODA, JHX, SURG
AS
Andrew Scutt
ROTH Capital Partners
1 question for VBNK
Also covers: AMRK, CPIG, EZPW +2 more
MR
Mike Rizvanovic
Scotiabank
1 question for VBNK
Also covers: BMO, CM, RY
Timothy Switzer
KBW
1 question for VBNK
Also covers: CASH, CIVB, CNOB +14 more
TS
Tim Switzer
Keefe, Bruyette & Woods (KBW)
1 question for VBNK
Also covers: CASH, CIVB, CNOB +12 more
Recent press releases and 8-K filings for VBNK.
VersaBank Announces Stablecoin Custody Agreement with Stablecorp
VBNK
New Projects/Investments
Product Launch
- VersaBank has signed a definitive agreement with Stablecorp Digital Currencies Inc. to serve as the custodian for Stablecorp's QCAD stablecoin, which is Canada's first regulatory compliant Canadian-dollar stablecoin.
- This new digital asset custody service, utilizing VersaBank's proprietary VersaVault® technology, is expected to generate a new, highly efficient revenue stream with significant long-term growth potential.
- VersaBank will earn a fee based on the value of QCAD assets held in custody and a spread based on QCAD deposits, with the net interest income from these activities included in net interest income on cash and securities.
1 day ago
VersaBank announces Stablecorp's QCAD as first stablecoin customer
VBNK
New Projects/Investments
Product Launch
- VersaBank has signed a definitive agreement with Stablecorp Digital Currencies Inc. to serve as the custodian for Stablecorp's QCAD stablecoin, which is Canada's first regulatory compliant Canadian-dollar stablecoin.
- This agreement is expected to create a new, highly efficient revenue stream for VersaBank, with earnings from fees based on the value of QCAD assets and a spread based on QCAD deposits.
- The custody services will utilize VersaBank's proprietary VersaVault® technology, which is SOC 2 (Type I) certified for data security.
1 day ago
VersaBank provides update on digital asset initiatives and core banking operations
VBNK
New Projects/Investments
Product Launch
M&A
- VersaBank, a 30-year-old digital, branchless bank, reported nearly CAD 6 billion in assets in 2025, growing at a 27% compounded annual growth rate, and earning CAD 36 million in ordinary income. The bank operates in Canada and the United States, leveraging a cloud-based, business-to-business model.
- The bank is actively pursuing digital asset opportunities in tokenized deposits (RBDTs) and stablecoin custody, viewing them as natural extensions of its business. They have been developing this technology for nearly a decade and had tested working deposit tokens since 2021.
- VersaBank is currently undertaking an integrated cross-border pilot program for its Real Bank Deposit Tokens (RBDTs) in the United States and Canada, with announcements expected within approximately one month. The bank believes no new legislation is needed for RBDTs as they are considered real bank deposits.
- The company is also positioned to act as a custodian for third-party stablecoins, anticipating this to be a meaningful, low-cost revenue stream and a significant source of low-cost deposits, given the projected growth of the stablecoin market to $4 trillion by 2030.
- VersaBank is in the process of selling its cybersecurity services business, DRT Cyber, which is separate from its digital asset technology. Bids for the business are expected within the next month.
Jan 27, 2026, 3:30 PM
VersaBank Discusses Digital Asset Strategy and Core Business Growth
VBNK
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- VersaBank, a fully digital bank with 30 years of operation, reported an average 27% compounded annual growth rate to nearly CAD 6 billion in assets and CAD 36 million in ordinary income in 2025.
- The bank is actively engaged in the digital asset space, pursuing opportunities with deposit tokens (RBDTs) and stablecoin custody, which are expected to provide significant additional upside.
- An integrated cross-border pilot program for deposit tokens is underway in the U.S. and Canada, with announcements anticipated within approximately one month. VersaBank also plans to license its deposit token technology to other banks.
- VersaBank's receivable purchase financing program in the U.S., launched in 2025, reached $290 million in value by year-end and is being enhanced with AI-driven instant purchase capabilities.
- The company is in the process of divesting its cybersecurity services business, with bids expected within the next month, as part of its U.S. entry approval requirements.
Jan 27, 2026, 3:30 PM
VersaBank Discusses Digital Asset Strategy and Divestiture Plans
VBNK
New Projects/Investments
M&A
- VersaBank (VBNK) highlighted its established, profitable core banking business, which reached nearly CAD 6 billion in assets and earned CAD 36 million in ordinary income in 2025.
- The bank is advancing its digital asset strategy with Real Bank Deposit Tokens (RBDTs) and stablecoin custody, currently running integrated cross-border pilot programs for RBDTs in the US and Canada, with announcements expected within approximately one month.
- VersaBank intends to license its RBDT technology to other community banks and serve as a custodian for third-party stablecoins, aiming to generate new revenue streams and low-cost funding.
- The company is also in the process of divesting its cybersecurity services business, DRT Cyber, with bids for the business anticipated within the next month.
Jan 27, 2026, 3:30 PM
VersaBank to Present on Digital Asset Strategy
VBNK
New Projects/Investments
Product Launch
- VersaBank will present at the Digital Asset Virtual Investor Conference on January 27, 2026, at 10:30 a.m. ET.
- David Taylor, Founder and President, will discuss the Bank's Real Bank Deposit Tokens™ (RBDT™) and Stablecoin Custody Services.
- The RBDT™ are described as one-for-one digital representations of actual cash on deposit with the Bank, expected to be eligible for conventional federal deposit insurance and have the legal ability to pay interest.
- As a nationally licensed bank in both the United States and Canada, VersaBank is positioned to serve as a custodian for third-party stablecoins.
Jan 23, 2026, 12:03 PM
VersaBank Reports Strong Q4 2025 Results Driven by U.S. Expansion
VBNK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- VersaBank reported Q4 2025 adjusted net income of CAD 10.5 million or CAD 0.33 per share, with total revenue growing 29% year-over-year to CAD 35.1 million.
- Total assets reached CAD 5.8 billion, a 20% year-over-year increase, primarily driven by credit assets which grew 19% year-over-year to CAD 5.07 billion.
- The U.S. Receivable Purchase Program (RPP) surpassed its fiscal 2025 target with $310 million USD in total fundings, and the company is targeting $1 billion USD in U.S. RPP funding for fiscal 2026.
- The company incurred CAD 4.3 million in one-time realignment costs in Q4 2025, totaling CAD 8.6 million for the year, and anticipates an additional $1.5 million in H1 2026.
- The planned divestiture of the cybersecurity business is expected to eliminate approximately CAD 10 million from the consolidated cost structure.
Dec 10, 2025, 2:00 PM
VBNK Reports Strong Q4 2025 Results and Outlines Strategic Growth Initiatives
VBNK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- VBNK reported strong financial results for Q4 2025, with consolidated revenue increasing 29% year-over-year to CAD 35.1 million and adjusted net income rising 91% to CAD 10.5 million, or CAD 0.33 per share.
- The company achieved $310 million (USD) in U.S. Receivable Purchase Program (RPP) fundings for fiscal 2025 and is targeting $1 billion (USD) in U.S. RPP funding for fiscal 2026, contributing to a 20% year-over-year growth in total assets to CAD 5.8 billion.
- VBNK incurred CAD 8.6 million in one-time costs for corporate realignment in fiscal 2025, with an additional CAD 1.5 million expected in the first half of fiscal 2026, and anticipates divesting its cybersecurity business, which is expected to remove CAD 10 million from its consolidated cost structure.
- New initiatives include an enhanced CMHC-insured lending program expected to contribute $2 million in incremental revenue in fiscal 2026, and the formal branding of Digital Deposit Receipts to RealBank Deposit Tokens (RBDTs).
- The company is deploying elevated liquidity, aiming to normalize from 11% of total assets to 6%-6.5%, and expects net interest margin to remain relatively stable in 2026 with potential upside.
Dec 10, 2025, 2:00 PM
VersaBank Reports Strong Q4 2025 Results Driven by U.S. RPP Growth and Strategic Realignment
VBNK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- VersaBank reported strong Q4 2025 consolidated revenue of $35.1 million, a 29% year-over-year increase, and adjusted net income of $10.5 million, up 91% year-over-year, resulting in adjusted EPS of $0.33.
- Total assets grew 20% year-over-year to over $5.8 billion, with credit assets reaching $5.07 billion, primarily driven by the Receivable Purchase Program (RPP).
- The U.S. RPP demonstrated significant momentum, achieving $310 million USD in total fundings for fiscal 2025 and setting a target of $1 billion USD in U.S. RPP funding for fiscal 2026.
- The company is undergoing a corporate realignment, incurring $4.3 million in one-time costs in Q4 2025, with an additional $1.5 million expected in H1 2026, and plans to divest its cybersecurity business to reduce costs by approximately $10 million.
- VersaBank formally branded its digital deposit receipts as RealBank Deposit Tokens (RBDTs), aiming to leverage them as an economical new deposit channel and for technology licensing opportunities.
Dec 10, 2025, 2:00 PM
VersaBank Reports Record Q4 and Full-Year 2025 Revenue, Strong Adjusted Net Income Growth
VBNK
Earnings
Dividends
Share Buyback
- VersaBank reported record total revenue of $35.1 million (CAD) for the fourth quarter ended October 31, 2025, marking a 29% year-over-year and 11% sequential increase, driven by continued growth in credit assets.
- For the full fiscal year 2025, total revenue reached a record $124.6 million (CAD), up 12% year-over-year.
- Consolidated adjusted net income for Q4 2025 was $10.5 million (CAD), an increase of 91% year-over-year, with adjusted income per common share of $0.33 (CAD).
- Total assets increased 20% year-over-year to a record $5.8 billion (CAD) as of October 31, 2025, primarily due to the growth of the Receivable Purchase Program (RPP) portfolio in both the US and Canada.
- The Bank declared cash dividends of CAD $0.025 per Common Share for the quarter ending January 31, 2026, and purchased and cancelled 573,251 common shares under its Normal Course Issuer Bid as of October 31, 2025.
Dec 10, 2025, 12:10 PM
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