VersaBank (VBNK): A Bull Case Theory [Yahoo! Finance]
VersaBank (VBNK)
Company Research
Source: Yahoo! Finance
Top 20 Countries that Owe the US Money VersaBank (VBNK) is a Canadian digital bank that has transformed from its original form as Pacific and Western Credit Corporation. Under CEO David Taylor and with support from the George family, the bank shifted its focus to an innovative Receivables Purchase Program. VersaBank works with point-of-sale financiers who handle loan approvals. VersaBank then buys these loans, keeping a small percentage (4-15%) as a reserve. This approach has been very reliable, with no credit losses even during the COVID-19 pandemic. Over the past five years, VersaBank's net income has grown by 19% annually, and its net interest income by 15% annually.The bank does not deal directly with retail customers as 83% of its deposits come from wealth management firms parking client cash in insured CDs, and 17% from insolvency professionals managing liquidation processes. This specialized deposit base helps VersaBank avoid high customer service costs and reduces liquidi
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VBNK
News
- 3 TSX Growth Companies With High Insider Ownership Growing Revenues At 10% [Yahoo! Finance]Yahoo! Finance
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024 [Yahoo! Finance]Yahoo! Finance
- VERSABANK TO PARTICIPATE IN 13TH ANNUAL ROTH TECHNOLOGY CONFERENCE IN NEW YORK CITY NOVEMBER 19-20, 2024PR Newswire
- ROTH to Host 13th Annual Technology Conference at the Hard Rock Hotel in New York CityGlobeNewswire
VBNK
Earnings
- 9/5/24 - Beat
VBNK
Sec Filings
- 11/14/24 - Form 6-K
- 11/7/24 - Form F-X
- 11/7/24 - Form F-10
- VBNK's page on the SEC website