Slide 1: Q3 2025 Conference Call
Q3 2025 Conference Call September 4, 2025 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, President & Chief Executive Officer
David Taylor President & Chief Executive Officer
Slide 5: Q3 2025 Key Metrics & Highlights
Q3 2025 Key Metrics & Highlights 5 Total Assets $5.48 B • Record credit assets, up 18% YoY & 6% sequentially Credit Assets $4.78 B • Record revenue NIM on Credit Assets 2.55% • Net interest margin grew year- over-year Total Revenue $31.6 M • Healthy sequential increase in adjusted net income Adjuste
Slide 6: Continued Innovation to Accelerate Growth
Continued Innovation to Accelerate Growth RPP Securitization • Investment in senior-level tranches of target securitized credit assets • Capitalize on current demand from larger point-of-sale and other financing companies for lower-cost securitized financing • Uses Bank's same proprietary Asset Mana
Slide 7: John Asma, Chief Financial Officer
John Asma Chief Financial Officer
Slide 8: Q3 2025: Continued Strong Financial Performance
Q3 2025: Continued Strong Financial Performance Balance Sheet • Total credit asset portfolio At July 31 expanded to another record 2025 2024 YoY Change balance Total Assets $5.48 B $4.52B 21% Credit Asset Portfolio $4.78 B $4.05 B 18% • Book value per share increased Cash and Securities $0.62 B $0.4
Slide 9: Q3 2025: Continued Strong Financial Performance Consolidated
Q3 2025: Continued Strong Financial Performance Consolidated Consolidated Income Statement • YoY and sequential revenue increase Quarter Ended due primarily to growth in assets July 31 • EPS impacted by 25% higher number YoY Sequential (000’s) 2025 2024 Change Change of weighted-average shares outst
Slide 10: Q3 2025: Segmented Income Statement
Q3 2025: Segmented Income Statement Segmented Income Statement Revenue Net Income Quarter Ended Quarter Ended July 31 July 31 YoY Sequential YoY Sequential (000’s) 2025 2024 (000’s) 2025 2024 Change Change Change Change Revenue 31,583 26,996 17% 5% Net Income 6,582 9,705 -32% -23% Digital Banking Di
Slide 11: Digital Banking Operations - Record Credit Assets: $4.78 B
Q3 2025: Continued Strong Financial Performance Digital Banking Operations - Record Credit Asset: $4.78 B Q2 2025 Q3 2025 Total: $4.52 B Total: $4.78 B Receivable Purchase Receivable Purchase Program Program $3.5B $3.7B 79% 78% $958M $1.0B 21% 22% Multi-Family Residential Multi-Family Loans & Other
Slide 12: Digital Banking Operations: Income Statement
Q3 2025: Continued Strong Financial Performance Digital Banking Operations Digital Banking Operations: Income Statement Quarter Ended July 31 • YoY increase in NIE reflects build out of US RPP business ahead of revenue Sequential 2025 2024 YoY Change Change • NIE included $4.2 million related to the
Slide 13: David Taylor, President & Chief Executive Officer
David Taylor President & Chief Executive Officer
Slide 14: Momentum Toward a Breakout F2026
Momentum Toward a Breakout F2026 US RPP Steadily Ramping Up • Funding first US RPP partner at a regular pace of ~$20 million/month • Progressing toward signing up next partners • Additional growth potential via expanded Securitized RPP offering Improved Outlook for Canadian RPP / CMHCs Steadily Grow
Slide 15: Digital Deposit Receipts
Digital A Superior, Bank-Issued Alternative to Stablecoins Deposit • Highly encrypted digital assets that represent actual 1:1 deposits with the Bank – seamless conversion to/from other Receipts digital currencies • Legally entitled to bear interest and federally insured just like conventional bank
Slide 16: Q&A Session
Q&A Session Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677 16
Slide 17: Banking on the Future!
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