VersaBank Management
Management criteria checks 3/4
VersaBank's CEO is Susan McGovern, appointed in May 2025, has a tenure of less than a year. directly owns 0.12% of the company’s shares, worth CA$586.36K. The average tenure of the management team and the board of directors is 0.5 years and 10.1 years respectively.
Key information
Susan McGovern
Chief executive officer
CA$124.3k
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | less than a year |
| Board average tenure | 10.1yrs |
Recent management updates
Recent updates
VersaBank Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 08
US Expansion And Digital Initiatives Set To Boost Future Prospects
The U.S. acquisition and Receivable Purchase Program are expected to drive loan growth, higher net margins, and improved earnings.VersaBank Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
Dec 12Analyst Estimates: Here's What Brokers Think Of VersaBank (TSE:VBNK) After Its Second-Quarter Report
Jun 08VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 09VersaBank (TSE:VBNK) Has Announced A Dividend Of CA$0.025
Jun 27VersaBank's (TSE:VBNK) Dividend Will Be CA$0.025
Mar 20CEO
Susan McGovern
Ms. Susan Teresa McGovern, B.Sc. has been an Independent Director of VersaBank since May 6, 2011 and also serves as its Vice Chair and also serves as its Interim Chief Executive Officer since May 2025. Ms....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Vice Chair | less than a year | CA$124.30k | 0.12% CA$ 586.4k | |
| President & Director | 32.4yrs | CA$3.11m | 4.07% CA$ 20.4m | |
| Chief Financial Officer | 1.5yrs | CA$974.72k | 0.037% CA$ 185.2k | |
| Senior Vice President | less than a year | CA$862.02k | 0.031% CA$ 154.3k | |
| Senior Vice President | less than a year | CA$927.88k | 0.050% CA$ 250.4k | |
| Chief Information Officer | 4.8yrs | no data | 0.027% CA$ 134.0k | |
| Senior VP | no data | no data | 0.043% CA$ 213.7k | |
| Chief Compliance Officer | less than a year | no data | no data | |
| Chief Human Resources Officer | no data | CA$674.08k | 0.084% CA$ 423.2k | |
| Chief Internal Auditor | no data | no data | 0.066% CA$ 332.8k | |
| Chief Credit Officer | less than a year | no data | 0.018% CA$ 88.4k | |
| Chief Anti-Money Laundering Officer | 3.3yrs | no data | no data |
Experienced Management: VBNK's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Vice Chair | 14.1yrs | CA$124.30k | 0.12% CA$ 586.4k | |
| President & Director | 32.4yrs | CA$3.11m | 4.07% CA$ 20.4m | |
| Independent Director | 15.6yrs | CA$123.44k | 0.25% CA$ 1.3m | |
| Independent Chairman | less than a year | no data | 0.071% CA$ 356.5k | |
| Independent Director | 31.8yrs | CA$80.13k | 0.096% CA$ 482.9k | |
| Independent Director | 3.1yrs | CA$117.09k | 0.019% CA$ 94.5k | |
| Independent Director | 20yrs | CA$86.41k | 0.18% CA$ 878.3k | |
| Independent Director | 6.2yrs | CA$84.33k | 0.041% CA$ 207.3k | |
| Independent Director | 5.2yrs | CA$71.57k | 0.022% CA$ 108.0k | |
| Independent Director | 4.4yrs | CA$112.93k | 0.074% CA$ 370.3k |
Experienced Board: VBNK's board of directors are seasoned and experienced ( 10.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/22 14:26 |
| End of Day Share Price | 2025/06/20 00:00 |
| Earnings | 2025/04/30 |
| Annual Earnings | 2024/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
VersaBank is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |
| Dylan Steuart | iA Capital Markets |
| Timothy Switzer | Keefe, Bruyette, & Woods |