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Versabank T.VBNK

Alternate Symbol(s):  VBNK

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.


TSX:VBNK - Post by User

Bullboard Posts
Comment by theSwede99on Jun 27, 2019 11:47pm
331 Views
Post# 29872515

RE:RE:RE:Ink Research

RE:RE:RE:Ink ResearchThanks for the response Robert....I just finally made the time this evening to read the cc transcript, ironically with a pint of Kilkenny in hand, and can confirm that which you spoke of.  I'm pleased with the dividend increase and Mr. Taylor's comments for the remainder of 2019:

"Looking forward, just doing the rough math, we're sort of well-placed to have a year better than the previous year, in that just doubling our income this year—or our income for the half year and adding a little bit produces another outstanding year of growth."

cheers
Bullboard Posts