#Canada #London #financial results #VersaBank #VBNK

VersaBank to Release Fourth Quarter Financial Results

On December 9, 2024, at 7:00 AM ET, VersaBank, trading on both the TSX and NASDAQ under the ticker VBNK, is set to unveil its financial results for the fourth quarter and the year-end of fiscal 2024. This announcement is eagerly anticipated by investors and stakeholders, as it marks a crucial point in assessing the bank’s performance over the past year.

Conference Call Details

The bank will host a live conference call beginning at 9:00 AM ET, which is expected to last approximately one hour. Leading the discussion will be David Taylor, President and CEO, alongside John Asma, CFO. The session will start with a presentation of the financial results and will be followed by a Q&A segment, allowing participants to engage directly with the management team.

For those who wish to join via phone, registration is available online, providing an option for participants to receive an automated callback. Alternatively, callers can connect directly through operators using specified phone numbers. The presentation will also be accessible via a live webcast on the bank's official website, ensuring a broad audience can participate.

Availability of Additional Information

Prior to the call, the financial results will be made available through a news release at 7:00 AM ET. In addition, slides used during the presentation will be posted on the bank's investor relations page. This approach underlines VersaBank's commitment to transparency and ensuring that all interested parties have access to the same information.

Following the live event, an archived version of the webcast will be accessible for 90 days, providing an opportunity for those unable to attend the live session to catch up on the discussions. The replay of the teleconference will also be available for several weeks, allowing for further engagement with the material.

About VersaBank

VersaBank, established as a digital banking entity in North America, operates under a unique model devoid of traditional physical branches. This innovative approach allows the bank to cater efficiently to underserved segments of the banking sector while maintaining a significant margin of safety against risks. Leveraging advanced technology, VersaBank engages mainly in electronic transactions, making it highly efficient in its operations.

In August 2024, VersaBank launched its Receivable Purchase Program (RPP) in the United States, aiming to support point-of-sale financing for businesses. This initiative is designed to meet the needs of a multi-trillion-dollar market that has previously lacked adequate banking solutions.

Furthermore, VersaBank owns DRT Cyber Inc., a company based in Washington, D.C., that specializes in providing cybersecurity services. This acquisition positions VersaBank as a strong player in the financial sector and protects against the rising cyber threats facing financial institutions today.

Investors and interested parties are encouraged to visit the bank's official website and follow VersaBank on social media platforms for ongoing updates and information regarding their financial services and offerings.

Conclusion

As the date of the conference call approaches, market participants will be keenly awaiting the results, as they provide valuable insights into the bank's operational performance and future outlook. VersaBank’s unique model and recent initiatives underscore its adaptability in today’s rapidly evolving financial landscape, making this announcement an important event for analysts and investors alike.