Bullboard - Stock Discussion Forum 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... see more

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Versabank > Yesterday's presentation

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Post by BetulaKapital on Oct 31, 2024 5:30am

Yesterday's presentation

Yesterday's presentation continues to testify to the enormous potential, but, gave further confirmations that it has not yet closed a single new POS deal since entering the USA. The CEO said they now hope to sign with a new client as well as a regional bank this November. Q4, which comes in mid-December, will therefore not reflect the entry into the US more than on the cost side. Add in a couple of significant insider sales now in October and I suspect a weaker finish to the year. Hope and believe that VersaBank's results will pick up again in 2025.

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