Slide 1: Q2 2026 Conference Call
Q2 2026 Conference Call June 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: 1-888-699-1199 (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: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights 5 Total Assets $6.44 B • Record credit assets, up 25% YoY & 6% sequentially Credit Assets $5.68 B • Record revenue, up 27% YoY & 5% sequentially NIM on Credit Assets 2.71% • NIM on credit assets expanded Revenue $38.3 M 12 bps YoY • 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) Q2/26 • Steady pace of funding with vast majority though our original, higher- spread SRP as demand continues to exceed expectations • Additional $150 M in funding (in line with budget) Efficiency ratio of U.S. operations on track for ye
Slide 7: Next Level SRP: Real-Time Funding Capability
Next Level SRP: Real-Time Funding Capability AI-enabled technological advancement that enabling partners to more efficiently and cost-effectively finance their loans Eliminates need for partners to warehouse multiple receivables over period of time; Partner can finance individual loans in just hours
Slide 8: Nicolas Ospina, Global Chief Financial Officer
Nicolas Ospina Global Chief Financial Officer
Slide 9: Q2 2026: Continued Strong Financial Performance
Q2 2026: Continued Strong Financial Performance Balance Sheet • Total credit asset portfolio At April 30 expanded to another record 2026 2025 YoY Change balance Total Assets $6.44 B $5.05 B 28% Credit Asset Portfolio $5.68 B $4.52 B 25% • Book value increased to Cash and Securities $0.67 B $0.44 B 5
Slide 10: Q2 2026: Consolidated Income Statement
Q2 2026: Continued Strong Financial Performance Consolidated Consolidated Income Statement • YoY and sequential revenue increase Quarter Ended due primarily to growth in credit April 30 assets YoY Sequential • Non-interest expense included: (000’s) 2026 2025 Change Change • Non-core expense of $4.5
Slide 11: Q2 2026: Segmented Income Statement
Q2 2026: Segmented Income Statement Segmented Income Statement Revenue Net Income Quarter Ended Quarter Ended April 30 April 30 YoY Sequential YoY Sequential (000’s) 2026 2025 (000’s) 2026 2025 Change Change Change Change Revenue 38,293 30,139 27% 5% Net Income 7,525 8,529 -12% -32% Digital Banking
Slide 12: Digital Banking Operations - Record Credit Assets: $5.68 B
Q2 2026: Continued Strong Financial Performance Digital Banking Operations - Record Credit Assets: $5.68 B Q1 2026 Q2 2026 Total: $5.33 B Total: $5.68 B Structured Structured Receivable Program Receivable Program (SRP) (SRP) $4.4B $4.7B 83% 83% $0.9B $1.0B 17% 17% Multi-Family Multi-Family Residenti
Slide 13: Digital Banking Operations
Q2 2026: Continued Strong Financial Performance Digital Banking Operations Digital Banking Operations: Income Statement Quarter Ended April 30 • NII increased 27% YoY Sequential • NIM on credit assets increased 12 bps 2026 2025 YoY Change YoY Change Cost of Funds 3.09% 3.52% -43 bps -5 bps Net Inter
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% 0.04% PCL as a % of Average 0.09% (Trailing 12-Quarters) Credit Assets 0.08% 0.06% 0.02% 0.02% 0.02% 0.03% (0.01%) (0.01%) (0.02%) (0.02%) (0.02%) 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 15: David Taylor, Founder & President
David Taylor Founder & President
Slide 16: Momentum Moving Through F2026
Momentum Moving Through F2026 Revenue/Net Interest Income • Multiple drivers of credit asset growth • U.S. SRP: On track for F2026 target of +US$1 B, with significantly greater operating leverage in U.S. • Continued SRP growth in Canada • Continued growth in CMHC loan book in Canada Net Interest Mar
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: Q&A Session
Q&A Session Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677
Slide 19: Banking on the Future!
YW VersaBank Banking on the F xt