Slide 1: Q1 2026 Conference Call
Q1 2026 Conference Call March 4, 2026 NASDAQ: VBNK | TSX: VBNK
Slide 2: Dial-In to Ask Questions
Dial-In to Ask Questions For those wishing to ask questions during the Q&A, please access today’s call through the telephone dial-in: Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677
Slide 3: 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 4: David Taylor, Founder & President
David Taylor Founder & President
Slide 5: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights 5 Total Assets $6.15 B • Record credit assets, up 23% YoY & 5% sequentially Credit Assets $5.33 B • Record revenue, up 31% YoY NIM on Credit Assets 2.64% • NIM on credit assets expanded 26 bps YoY Total Revenue $36.5 M • Adjusted net income up 49% YoY Adjusted Net Income
Slide 6: Acceleration of Structured Receivable Program in the U.S.
Acceleration of Structured Receivable Program in the U.S. F2025 • Achieved US$310 M in F2025 US SRP fundings, surpassing first year target of US$290 M Q1/26 • Steady pace of funding • Additional $200 M in funding Continuing to cultivate new partnerships Complemented by a solid start to the year in C
Slide 7: Nicolas Ospina, Global Chief Financial Officer
Nicolas Ospina Global Chief Financial Officer
Slide 8: Q1 2026: Continued Strong Financial Performance
Q1 2026: Continued Strong Financial Performance Balance Sheet • Total credit asset portfolio At January 31 expanded to another record 2026 2025 YoY Change balance Total Assets $6.15 B $4.97B 24% Credit Asset Portfolio $5.33 B $4.35 B 23% • Book value per share increased Cash and Securities $0.73 B $
Slide 9: Q1 2026: Consolidated Income Statement
Q1 2026: Continued Strong Financial Performance Consolidated Consolidated Income Statement • YoY and sequential revenue increase Quarter Ended due primarily to growth in assets January 31 • EPS impacted by 10% higher number YoY Sequential (000’s) 2026 2025 Change Change of weighted-average shares ou
Slide 10: Segmented Income Statement
Q4 2025: Segmented Income Statement Segmented Income Statement Revenue Net Income Quarter Ended Quarter Ended January 31 January 31 YoY Sequential YoY Sequential (000’s) 2026 2025 (000’s) 2026 2025 Change Change Change Change Revenue 36,514 27,827 31% 4% Net Income 11,069 8,143 36% 113% Digital Bank
Slide 11: Digital Banking Operations - Record Credit Asset: $5.33 B
Q1 2026: Continued Strong Financial Performance Digital Banking Operations - Record Credit Asset: $5.33 B Q4 2025 Q1 2026 Total: $5.05 B Total: $5.33 B Structured Structured Receivable Program Receivable Program $4.0B $4.4B 80% 83% $1.0B $0.9B 20% 17% Multi-Family Multi-Family Residential Residentia
Slide 12: Digital Banking Operations: Income Statement
Q1 2026: Continued Strong Financial Performance Digital Banking Operations Digital Banking Operations: Income Statement Quarter Ended January 31 • YoY increase in NIE reflects build out of US SRP business ahead of revenue Sequential 2026 2025 YoY Change Change • NIE included $1.5 million related to
Slide 13: Continued de minimis Credit Losses
Continued de minimis Credit Losses Average Provision for Credit Losses as a % of Average Credit Assets 0.12% 0.04% PCL as a % of Average 0.09% (Trailing 12-Quarters) Credit Assets 0.08% 0.06% 0.05% 0.02% 0.02% 0.02% (0.01%) (0.01%) (0.02%) (0.02%) (0.02%) 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 14: David Taylor, Founder & President
David Taylor Founder & President
Slide 15: Momentum Moving Through F2026
Momentum Moving Through F2026 Revenue/Net Interest Income • Multiple drivers of credit asset growth • US SRP growth accelerating • F2026 target: +US$1 B – Significantly greater operating leverage in U.S. • Continued SRP growth in Canada • Continued growth in CMHC loan book in Canada • Incremental co
Slide 16: Strong Progress on Our Digital Asset Strategy
Strong Progress on Our Digital Asset Strategy: Pursuing Two Parallel Opportunities Blockchain enabled: Provide significantly greater speed, significantly lower cost, greater security and programmability • Digital representations of actual bank deposits that operate on blockchain- Issued by based inf
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: VersaBank's Stablecoin Custody Services
VersaBank’s Stablecoin Custody Services VersaBank is Ideally Positioned to Act as Custodian for Third-Party Stablecoins • Banks have historically been the custodians of Value of Stablecoins in depositors' money Circulation Projected to • VersaBank is a nationally-licensed bank in both Grow to as Hig
Slide 19: Q&A Session
Q&A Session Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677
Slide 20: Banking on the Future!
YW VersaBank Banking on the F xt