Versabank · TSX:VBNK
Versabank — Investor Presentation (August 2026)
21 slides from Versabank's investor presentation, August 2026
Slide 1: U.S. Ramp up Driving Efficiency: Inflection Point for Profitability Growth
U.S. Ramp up Driving Efficiency: Inflection Point for Profitability Growth Investor Presentation August 2026 NASDAQ: VBNK | TSX: VBNK
Slide 2: Advisory
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 reports and other disclosure documents and
Slide 3: A Better Bank Model Founded on Technology
Excessive lending risk Loan losses / collections Deposit / liquidity risk A Better Bank Model Economic exposure Founded on Technology Interest rate exposure Physical infrastructure Inefficiency 3
Slide 4: A North American Leader
Fully Digital Highly Efficient: Branchless, Innovative, Value-Added North American Bank Partner (B2B) model Deposit & Financing Solutions for Underserved Markets • Operating leverage of a technology company with the intrinsic value of a bank A North American Leader • Highly risk-mitigated model: Ver
Slide 5: Cloud-Based, Branchless, Partner (B2B) Model
Cloud-Based, Branchless, Partner (B2B) Model Using VersaBank’s Proprietary Banking Technology Proprietary, state-of-the-art software based out of two technology centres Saskatoon, SK Minneapolis, MN Des Moines, IA • All deposits/credit (Azure Cloud Facility) London, ON assets managed digitally • No
Slide 6: Cloud-based, Partner Model Drives Efficiency
6 Cloud-based, Partner Model Drives Efficiency Deposits In $ $ Loans Out Lending/ Individual Deposit Individual Depositors Partners Credit Borrowers Interest Paid $ $ Interest Earned Partners Target Net Interest Margin on Credit Assets: 2.5 to 3.0% Total Assets: C$6.4B/US$4.7B1 Net Interest Margin (
Slide 7: Proprietary Technology Enables Ultra Low-Risk Digital Model
Proprietary Technology Enables 7 Ultra Low-Risk Digital Model Organization-Wide Focus on Risk Mitigation • Technology-based approach Very Sticky Deposits 30+ Years with to risk analysis/monitoring No Material Credit Asset Losses • Rigorous, multi-step, multi- • Brokered Deposits: executive approval
Slide 8: Deposits: Unlimited Low-Cost, Very Stable Sources
Deposits: 8 Unlimited Low-Cost, Very Stable Sources • Objective to minimize cost of deposit funding >220 Partners Provide Access • Very “sticky” deposit base to Millions of Depositors Deposit Brokers (>120 Partners) Deposit Composition Q2 2026 • Extensive network of providing exposure to vast majori
Slide 9: Credit Assets: Very Low Risk Financing Channels
Credit Assets: 9 Very Low Risk Financing Channels • Low-cost deposits enable low-risk lending 30 Partners Provide Access to • 30-year history of virtually no credit asset losses Hundreds of Millions of Borrowers Structured Receivable Program Credit Asset Composition Q2 2026 • Reliable, attractive al
Slide 10: Structured Receivable Program (SRP)
Structured Receivable Program (SRP) Innovative, Unique and Efficient Digital Funding Solutions for Point-of-Sale Finance Companies • Readily accessible, reliable, economic funding, and daily loan sales (real-time sales in development) • VersaBank typically provides 100% of loan value (vs. ~75% from
Slide 11: Success of Canadian POS Business Has Driven Profitability
Success of Canadian POS Business Has Driven Profitability Efficiency, ROCE reflect US costs ahead of revenue ramp $ CAD (millions) $14.0 55% 55% $60 51% 51% 52% $12.0 49% 11.8% $50 10.2% $10.0 8.5% 8.9% 8.5% 7.9% 43% 44% 7.9% $40 $8.0 7.00 6.6% $180 $30 $6.0 6.00 $5.81B $160 $20 $4.0 5.00 $2.0 $4.84
Slide 12: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights 12 Total Assets $6.44 B • Record credit assets, up 25% YoY & 6% sequentially Credit Assets $5.68 B • Record revenue, up 27% YoY NIM on Credit Assets 2.71% • NIM on credit assets expanded 12 bps YoY Total Revenue $38.3 M • Adjusted net income up 45% YoY Adj./Core Net Inco
Slide 13: U.S. Structured Receivable Program: Executing on Plan
U.S. Structured Receivable Program: Executing on Plan First Post-Acquisition Launched Added US Regulatory Appointed VB US SRP Partner Securitized SRP Largest US Rapidly Ramping in Approval USA Executives and Funding Option SRP Partner the High-Growth, May 2024 Jul 2024 Q1 2025 Aug 2025 Q4 2025 Under
Slide 14: Capitalizing on the Significant Operating Leverage in Our Core Digital Banking Operations
Capitalizing on the Significant Operating Leverage in Our Core Digital Banking Operations $ CAD (millions) Efficiency, ROCE reflect US costs ahead of revenue ramp 55% Next Milestones: $14 $60 12.0% 11.5% $12 55% $50 $10 43% 44% 7.9% $40 F2025 Results Total Credit Assets $8 7.0% $180 $7.00 $6 C$5.81
Slide 15: Tokenized Deposits and Stablecoins: The Future of the Financial Ecosystem
Tokenized Deposits and Stablecoins: The Future of the Financial Ecosystem Blockchain enabled: Provide significantly greater speed, significantly lower cost, greater security and programmability • 1:1 Digital representations of traditional bank deposits that operate on Issued by blockchain-based infr
Slide 16: VersaBank's Real Bank Tokenized Deposits (RBTDs)
VersaBank’s Real Bank Tokenized Deposits (RBTDs ) Compelling Proposition for Banks/Payments Providers Market Ready Significantly Enhanced Depositor Loyalty/Stickiness of Deposits Solution: Near-Term • Reduced funding costs, lower/no-cost deposits as customers prioritize Commercialization holding dig
Slide 17: Parallel Stablecoin Opportunity
Parallel Stablecoin Opportunity VersaBank’s Unique Digital Technology Also Applicable to Third-Party Non-Bank Stablecoins • Stablecoins are the predecessors to tokenized Value of Stablecoins in deposits and have significant momentum Circulation Projected to • Stablecoins require the same blockchain
Slide 18: Proposed Realignment of Corporate Structure
18 Proposed Realignment of Corporate Structure Intended to Realize Additional Shareholder Value, Further Mitigate Risk and Reduce Corporate Costs • Would align corporate structure with that of standard US bank framework with which US and international investment communities are most familiar • Propo
Slide 19: DRT Cyber: "Free Option" on Digital Banking Valuation
DRT Cyber: “Free Option” on Digital Banking Valuation One of North America’s Premiere IT Security Assurance Services Firms • Comprehensive Suite of Services: – External network, web and mobile app penetration testing – Physical social engineering engagements – Supervisory control & data acquisition
Slide 20: Why VersaBank? Why Now?
At inflection point for operating leverage, earnings growth and ROCE generation US Structured Receivable Program (SRP) (proven in Canada) ramping up in an underserved multi-trillion $ US market Highly risk-mitigated model based on structuring of both deposits and credit assets Why VersaBank? Why Now
Slide 21: Banking on the Future!
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