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TSE: VBNK; NASDAQ: VBNK

VersaBank – September 2022

by LodeRock Advisors
September 3, 2022January 10, 2023

Our investment thesis for (TSX/NASDAQ: VBNK is unchanged – this technology-based banking model will enable multi-year double-digit EPS growth, while expansion strategies in the US market, blockchain (tokenized deposits) and cybersecurity (DRTC) provide free upside optionality. In our view, the stock is poised for a rally. While most bank stocks remain focused on the prospect of a 2023 recession, VBNK should counter any slowdown with its US-POS expansion.

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