Versabank T.VBNK

Alternate Symbol(s): VBNK

Financial Services

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.

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Versabank > 22 cents first q in line with what Stifel was expecting

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Post by microcaphobbyon Feb 24, 2021 7:50am

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Post# 32644764

22 cents first q in line with what Stifel was expecting

Stifel estimates $1.02 for 2021 and $1.26 for 2022. DBG looks to be on track to contribute at least 8 cents a share profit for the year. I have been told that it has potential to contribute as much as 15 cents a share this year. If that is the case then 2021 earnings might be closer to $1.10.

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