Versabank · TSX:VBNK
Versabank — Q3 2026 Earnings Presentation
20 slides from Versabank's earnings presentation, Sep 3, 2026
Slide 1: Q3 2026 Conference Call
Q3 2026 Conference Call September 3, 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: 1-800-715-9871 (Canada/US) Local: 647-932-3411
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: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights 5 • 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 Revenue $38.8 M • Adjusted (Core) net income Adj. (Core)
Slide 6: Continued Momentum in U.S. Structured Receivable Program (SRP)
Continued Momentum in U.S. Structured Receivable Program (SRP) Q3/26 • Steady pace of funding with vast majority though our original, more profitable SRP as demand continues to exceed expectations • Additional US$220 M in new fundings • Total additional US SRP fundings to date in F2026: >US$720 M Ef
Slide 7: Next Level SRP: Real-Time Funding Capability
Next Level SRP: Real-Time Funding Capability Breakthrough Innovation in POS Financing Significant Enhancement to Revolutionary New Alternative to Bank’s Existing SRP Conventional Securitization Improved Economic, Timing and Risk Superior Economics, Timing and Risk Mitigation Mitigation Benefits vs.
Slide 8: Nicolas Ospina, Global Chief Financial Officer
Nicolas Ospina Global Chief Financial Officer
Slide 9: Q3 2026: Continued Strong Financial Performance
Q3 2026: Continued Strong Financial Performance Balance Sheet • Total credit asset portfolio At July 31 expanded to another record 2026 2025 YoY Change balance Total Assets $6.88 B $5.48 B 26% Credit Asset Portfolio $6.16 B $4.78 B 29% • Book value increased to Cash and Securities $0.62 B $0.62 B 1%
Slide 10: Q3 2026: Consolidated Income Statement
Q3 2026: Continued Strong Financial Performance Consolidated Consolidated Income Statement • YoY and sequential revenue increase due primarily to growth in credit Quarter Ended July 31 assets YoY Sequential • NIEs included: (000’s) 2026 2025 Change Change • Non-core expense of $2.5 M Revenue 38,809
Slide 11: Segmented Income Statement
Q2 2026: Segmented Income Statement Segmented Income Statement Revenue Net Income Quarter Ended Quarter Ended July 31 July 31 YoY Sequential YoY Sequential (000’s) 2026 2025 (000’s) 2026 2025 Change Change Change Change Revenue 38,809 31,583 23% 1% Net Income 10,060 6,582 53% 34% Digital Banking Dig
Slide 12: Digital Banking Operations - Record Credit Assets
Q3 2026: Continued Strong Financial Performance Digital Banking Operations - Record Credit Assets: $6.16 B Q2 2026 Q3 2026 Total: $5.68 B Total: $6.16 B Structured Structured Receivable Program Receivable Program (SRP) (SRP) $4.7B $5.2B 82% 85% $1.0B $0.9B 18% 15% Multi-Family Multi-Family Residenti
Slide 13: Digital Banking Operations Income Statement
Q3 2026: Continued Strong Financial Performance Digital Banking Operations Digital Banking Operations: Income Statement • NII increased 23% YoY Quarter Ended • NIM on credit assets decreased 11 bps July 31 YoY and 27 bps sequentially. The Sequential decreases in NIM reflect: 2026 2025 YoY Change Cha
Slide 14: Continued De Minimis Credit Losses
Continued De Minimis Credit Losses Average Provision for Credit Losses as a % of Average Credit Assets 0.12% 0.03% PCL as a % of Average 0.09% (Trailing 12-Quarters) Credit Assets 0.08% 0.06% 0.02% 0.02% 0.02% (0.01%) (0.01%) (0.02%) (0.02%) (0.02%) (0.02%) 2014 2015 2016 2017 2018 2019 2020 2021 20
Slide 15: David Taylor, Founder & President
David Taylor Founder & President
Slide 16: F2026: Breakthrough Year That Positions the Bank for Accelerated Growth in F2027
F2026: Breakthrough Year That Positions the Bank for Accelerated Growth in F2027 Expected Continued Acceleration of SRP in the United States, Supported by Ramp Up of Breakthrough Real-Time SRP • F2027 Target for Additional US SRP Fundings: At least +US$3 B (> CDN$4 B) with additional potential upsid
Slide 17: 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 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: Q&A Session
Q&A Session Toll-free: 1-800-715-9871 (Canada/US) Local: 647-932-3411
Slide 20: Banking on the Future!
YW VersaBank Banking on the Fu r