Welcome to our dedicated page for Versabank news (Ticker: VBNK), a resource for investors and traders seeking the latest updates and insights on Versabank stock.
VersaBank (VBNK) news covers a North American Schedule I Canadian bank that emphasizes digital, business-to-business banking, receivable purchase funding and financial technology. As a federally chartered institution in both Canada and the U.S., the bank regularly issues updates on its Digital Banking Canada and Digital Banking USA segments, highlighting trends in credit assets, revenue and net interest margin across its cloud-based, branchless model.
Investors following VersaBank’s news can expect announcements on its Receivable Purchase Program (RPP) for point-of-sale finance companies, including new U.S. partners, funding volumes and the balance between core and securitized RPP offerings. The bank also reports on developments in its CMHC-insured multi-unit residential lending, such as the Enhanced CMHC Lending Program that uses Canadian Mortgage Bond Program allocation capacity to invest in CMHC-insured term mortgages originated by partner mortgage originators.
News items also highlight VersaBank’s cybersecurity and digital asset technology activities through DRT Cyber Inc. and Digital Meteor Inc., including initiatives related to Real Bank Deposit Tokens and tokenized deposits, as well as the implementation of internally developed artificial intelligence capabilities within its core banking technology. Additional coverage includes dividend declarations on common and preferred shares, participation in industry conferences, community contributions such as donations to The Salvation Army’s Harvest Hope campaign, and corporate updates related to its proposed realignment to a standard U.S. bank framework.
For readers monitoring VBNK, this news stream provides context on how VersaBank’s digital banking, RPP growth, CMHC lending programs and cybersecurity services evolve over time within the broader North American financial landscape.
VersaBank (NASDAQ: VBNK) has scheduled its third quarter fiscal 2025 financial results conference call for September 4, 2025. The Bank will release its financial results at 7:00 a.m. ET, followed by a conference call and webcast at 9:00 a.m. ET.
The presentation will feature President David Taylor and CFO John Asma, including a Q&A session. Investors can join via telephone through automated registration or operator assistance, or watch the live webcast through VersaBank's website. The webcast replay will be available for 90 days, while the teleconference replay can be accessed until October 4, 2025.
VersaBank (NASDAQ: VBNK) has announced a significant expansion of its Receivable Purchase Program (RPP) through the launch of a new RPP Securitized Financing solution in both the US and Canada. The initiative will focus on investing in senior-level tranches of securitized credit assets and establishing a platform for asset securitization for financing partners.
To lead this strategic expansion, the Bank has appointed Timothy Comiskey as Managing Director of Origination, Structuring & Securitization. Comiskey brings over 30 years of experience from roles at Nasdaq, GCSA Capital Partners, and other major financial institutions.
The new solution offers favorable risk-weighting at 20% compared to standard RPP financings and utilizes VersaBank's proprietary Asset Management System technology with a cash holdback model to ensure expected cash flows.
VersaBank (TSX: VBNK) (NASDAQ: VBNK) has received approval from the Toronto Stock Exchange for a Normal Course Issuer Bid (NCIB) to repurchase up to 2,000,000 common shares, representing approximately 8.99% of its public float. The share buyback program will run from April 30, 2025 to April 29, 2026.
The bank's public float consists of 22,237,283 common shares, with 32,518,786 total shares outstanding. Daily purchases will be to 9,440 shares, except for block purchases. All shares purchased through the NCIB will be cancelled.
CEO David Taylor highlighted the bank's significant year-over-year profitability growth in fiscal 2025, citing improvements in efficiency ratio and return on common equity despite challenging conditions in the North American banking sector.
VersaBank (TSX: VBNK) (NASDAQ: VBNK) held its 2025 Annual Meeting of Shareholders on April 24, 2025, in London, Ontario. The meeting resulted in the successful election of all director nominees listed in the Bank's Management Information Circular dated February 28, 2025.
The voting results showed strong shareholder support for all directors, with approval ratings ranging from 93.61% to 99.08%. David R. Taylor received the highest approval at 99.08%, while Susan T. McGovern received 93.61% of votes in favor. Additionally, shareholders approved the appointment of Ernst & Young LLP as the Bank's auditors.
VersaBank (TSX: VBNK) (NASDAQ: VBNK) has announced its upcoming annual shareholders meeting will be held at the VersaBank Innovation Centre of Excellence in London, Ontario on April 24, 2025 at 10:30 a.m. The meeting will be uniquely livestreamed from the Nasdaq MarketSite in New York City.
Additionally, the bank's Founder, President and CEO David Taylor, along with VersaBank USA President Tel Matrundola, will participate in the Nasdaq Stock Market Closing Bell ceremony on April 25, 2025 at 4:00 p.m. ET. The ceremony will be livestreamed through Nasdaq's official channels.
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