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TSE: VBNK; NASDAQ: VBNK

VersaBank – December 2021

by LodeRock Advisors
December 18, 2021January 6, 2023

Our investment thesis for (TSX:VB/NASDAQ: VBNK) is that its technology-based business model will enable multi-year double-digit EPS growth, while its expansion strategies in US markets, blockchain (digital deposit offering) and cybersecurity (DRT) provide free upside optionality. 4Q21 results and management commentary leave us with one key bullish message; loan growth outlook remains strong and US expansion could be a material catalyst in 2022.

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