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Bullboard - Stock Discussion Forum VersaBank T.VBNK

Alternate Symbol(s):  T.VBNK.P.A | 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). Digital... see more

TSX:VBNK - Post Discussion

VersaBank > Stunning results smashing analyst expectations.
View:
Post by prophetoffactz on Mar 08, 2023 10:26am

Stunning results smashing analyst expectations.

Four analysts expected $.26 per share in profit on average. VBNK delivered $.34 for a 35% beat!
Comment by Moogul on Mar 09, 2023 10:13am
Yeah I'm surprised the market didn't react more positively. 
Comment by prophetoffactz on Mar 09, 2023 11:36am
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.
VersaBank