Versabank · TSX:VBNK
Versabank — Investor Presentation (September 2026)
21 slides from Versabank's investor presentation, September 2026
Slide 1: Capitalizing on Significant Operating Leverage: Positioned to Double in Size in Near Term
Capitalizing on Significant Operating Leverage: Positioned to Double in Size in Near Term Investor Presentation September 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 in Cybersecurity
Fully Digital Highly Efficient: Branchless, Innovative, Value-Added North American Bank Partner (B2B) Model: Increasingly Deposit & Financing Solutions for Benefitting from AI Underserved Markets • Operating leverage of a technology company with the intrinsic value of a bank A North American Leader
Slide 5: Cloud-Based, Branchless, Partner (B2B) Model
Cloud-Based, Branchless, Partner (B2B) Model Using Proprietary, State-of-the-art Banking Technology • All deposits/credit assets • No direct interaction • Very high asset-to- managed digitally with end users employee ratio Saskatoon, SK (Deposit Technology Centre) Mississauga, ON (Azure Cloud Facili
Slide 6: Cloud-based, Partner Model Drives Efficiency
6 Cloud-based, Partner Model Drives Efficiency Deposit Deposits In $ $ Loans Out Lending/ Individual 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$6.9B/US$4.9B1 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 Q3 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 Q3 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 & economical funding • Provision of 100% of loan value (vs. ~75% from conventional sources) – much higher partner ROE • History of zero cr
Slide 11: Success of Canadian POS Business Has Driven Profitability
Success of Canadian POS Business Has Driven Profitability NIEs reflect US costs ahead of revenue ramp 7.00 $ CAD (millions) $180 6.00 $5.81B $160 $140 5.00 $4.84B $4.20 B $120 4.00 $100 $3.27 B $80 3.00 $69M $2.42 B $53M 2.00 $1.78B $1.80 B $1.86 B $49 M $50 M $60 $35 M $40 $26 M $26 M $28 M $42 M $
Slide 12: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights 12 • Record credit assets, up 29% YoY & Total Assets $6.88 B 9% sequentially Credit Assets $6.16 B • Record revenue, up 23% YoY & 1% sequentially NIM on Credit Assets 2.44% • Net Income up 53% YoY & 34% sequentially Total Revenue $38.8 M • Adjusted (Core) net income Adj.
Slide 13: U.S. Structured Receivable Program: Executing on Plan
U.S. Structured Receivable Program: Executing on Plan With Significant Growth Targeted for F2027 First Post-Acquisition Launched Added Additional US Regulatory Appointed VB US SRP Partner Securitized SRP Largest US Rapidly Ramping in Approval USA Executives and Funding Option SRP Partner US SRP Part
Slide 14: Next Level SRP: Real-Time Funding Capability
Next Level SRP: Real-Time Funding Capability Breakthrough Innovation in POS Financing Significant AI-Based Revolutionary New Alternative to Enhancement to Existing SRP Conventional Securitization Improved Economic, Timing and Risk Superior Economics, Timing and Risk Mitigation Mitigation Benefits vs
Slide 15: Capitalizing on the Significant Operating Leverage in Our Core Digital Banking Operations
Capitalizing on the Significant Operating Leverage in Our Core Digital Banking Operations Total Credit Assets Next Milestones F2025 C$5.1B F2025 Results Total Credit Assets C$5.1B >C$7.5B >C$10B >C$15B Q3 FYTD 2026 C$6.2B US$3.6B >US$5.4B >US$7.2B >US$10.9B F2027 Targets: Efficiency Ratio 55% <32% <
Slide 16: 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 17: 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 18: Realignment of Corporate Structure
18 Realignment of Corporate Structure Intended to Realize Additional Shareholder Value, Further Mitigate Risk and Reduce Corporate Costs • Will align corporate structure with that of standard US bank framework with which US and international investment communities are most familiar • New holding com
Slide 19: Simplified Final Post Realignment Structure
Simplified Final Post Realignment Structure Versa Bancorp Incorporated in Delaware Headquartered in Florida 100% 100% 100% 100% VersaBank USA VersaBank DRT Cyber Inc. VersaTech (Canada) 19
Slide 20: Why VersaBank? Why Now?
At inflection point for operating leverage: Positioned to double size of credit asset portfolio in near term US Structured Receivable Program (SRP) (proven in Canada) rapidly ramping up in an underserved multi-trillion $ US market Breakthrough AI-enabled Real-Time SRP driving growth in US and Canada
Slide 21: Banking on the Future!
YW VersaBank Banking on the Fu r