Slide 1: Q2 2025 Conference Call
Q2 2025 Conference Call June 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: Q2 2025 Highlights
5 Q2 2025 Highlights • Momentum in US RPP • Achieved US$70 M in first 70 days • Signed second RPP partner • New records for total assets, credit assets and revenue • Strong sequential expansion in net interest margin • Announced proposed Structural Realignment to realize additional shareholder value
Slide 6: Q2 2025 Key Metrics & Highlights
Q2 2025 Key Metrics & Highlights 6 Total Assets $5.05 B • Net income and EPS impacted by: • Non-cash unrealized foreign Credit Assets $4.52 B exchange translation loss due to depreciation of US dollar NIM on Credit Assets 2.59% • Preliminary costs associated Total Revenue $30.1 M with proposed Struc
Slide 7: John Asma, Chief Financial Officer
John Asma Chief Financial Officer
Slide 8: Q2 2025: Continued Strong Financial Performance
Q2 2025: Continued Strong Financial Performance Balance Sheet • Total credit asset portfolio At April 30 expanded to another record 2025 2024 YoY Change balance Total Assets $5.05 B $4.39B 15% Credit Asset Portfolio $4.52 B $4.02 B 12% • Book value per share increased Cash and Securities $0.44 B $0.
Slide 9: Q2 2025: Continued Strong Financial Performance
Q2 2025: Continued Strong Financial Performance Consolidated Consolidated Income Statement • YoY revenue increase due primarily to growth in assets Quarter Ended • Sequential revenue increase due April 30 additionally to NIM expansion YoY Sequential (000’s) 2025 2024 Change Change • EPS impacted by
Slide 10: Q2 2025: Segmented Income Statement
Q2 2025: Segmented Income Statement Segmented Income Statement Revenue Net Income Quarter Ended Quarter Ended April 30 April 30 YoY Sequential YoY Sequential (000’s) 2025 2024 (000’s) 2025 2024 Change Change Change Change Revenue 30,139 28,501 6% 8% Net Income 8,529 11,828 -28% 5% Digital Banking Di
Slide 11: Digital Banking Operations - Record Credit Assets
Q2 2025: Continued Strong Financial Performance Digital Banking Operations - Record Credit Asset: $4.52 B Q1 2025 Q2 2025 Total: $4.35 B Total: $4.52 B Receivable Purchase Receivable Purchase Program Program $3.4B $3.5B 79% 78% $928M $958M 21% 22% Multi-Family Multi-Family Residential Residential Lo
Slide 12: Digital Banking Operations Income Statement
Q2 2025: Continued Strong Financial Performance Digital Banking Operations Digital Banking Operations: Income Statement • YoY increase in NIE reflects build out Quarter Ended of US RPP business ahead of revenue April 30 • NIE included atypically-large non- 2025 2024 YoY Change Sequential cash unreal
Slide 13: Top Tier Asset Quality & Prudent Approach to Risk Mitigation
Top Tier Asset Quality & Prudent Approach to Risk Mitigation Average Provision for Credit Losses as a % of Average Credit Assets 0.12% 0.02% PCL as a % of Average (Trailing 12-Quarters) Credit Assets 0.08% 0.08% 0.06% 0.02% 0.02% 0.02% (0.01%) (0.01%) (0.02%) (0.02%) (0.02%) 2014 2015 2016 2017 2018
Slide 14: David Taylor, President & Chief Executive Officer
David Taylor President & Chief Executive Officer
Slide 15: H2 Fiscal 2025: Continued Momentum
H2 Fiscal 2025: Continued Momentum • Continued steady, incremental growth led by the Receivable Purchase Program (RPP) • US RPP on track to achieve US$290 M by fiscal year end • Potential for incremental growth in Canada • Contribution of CHMC-insured loan business • Continuation of several favourab
Slide 16: Digital Deposit Receipts (DDRs): Transcending Stablecoins
Digital Deposit Receipts (DDRs): Transcending Stablecoins Digital Meteor, Inc. A Market Ready Solution • Highly encrypted digital assets that can represent fiat Digital Deposit currency on deposit with the Bank – seamless conversion Receipt (DDR) IP, to/from other digital currencies (incl. Bitcoin)
Slide 17: Renewed Opportunity for Proprietary Digital Asset Technology
Renewed Opportunity for Proprietary Digital Asset Technology 17
Slide 18: Proposed Realignment of Corporate Structure
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 • Proposed
Slide 19: Q&A Session
Q&A Session Toll-free: 1-888-699-1199 (Canada/US) Local: 416-945-7677 19
Slide 20: Banking on the Future!
WY VersaBank Banking on the F at