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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.


TSX:VBNK - Post by User

Versabank > Stunning results smashing analyst expectations.
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Comment by prophetoffactzon Mar 09, 2023 11:36am
271 Views
Post# 35328225

RE:RE:Stunning results smashing analyst expectations.

RE:RE:Stunning results smashing analyst expectations.
Moogul wrote: Yeah I'm surprised the market didn't react more positively. 


I think it's recession fears. VBNK benefits from a recession. If you listen to the conference call the CEO says VBNK is ready for takeoff. The company has made significant share repurchases and doesn't expect the share price ot be this low for much longer given what's ahead.
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