David Taylor
VersaBank
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Veteran analyst Ryan Irvine conducts a fireside chat Q&A with the president, CEO, and founder of VersaBank (VBNK:NASDAQ), a Canadian Schedule I chartered fully digital financial institution (bank). VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. With the acquisition of a US OCC-licensed bank, VersaBank has launched its unique and proven Receivables Purchase Program in the world's largest point-of-sale financing market. Already highly successful in Canada, increasing revenue by 134% in the past two years and ranking highest on an EPS growth basis over the same period, KeyStone believes VersaBank is eying a greater than 10x growth opportunity with a unique solution not yet available in the US market. Despite the current growth in Canada and a significant opportunity over the next decade in the US, the stock trades at under nine times earnings. Ryan and Dave will chat about VersaBank’s history and the opportunity today and for the next decade. An open audience Q&A session will follow.