VersaBank Management

Management criteria checks 4/4

VersaBank's CEO is David Taylor, appointed in Jan 1993, has a tenure of 31.83 years. total yearly compensation is CA$1.67M, comprised of 44.8% salary and 55.2% bonuses, including company stock and options. directly owns 4.95% of the company’s shares, worth CA$30.88M. The average tenure of the management team and the board of directors is 4 years and 11.9 years respectively.

Key information

David Taylor

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage	44.8%
CEO tenure	31.8yrs
CEO ownership	4.9%
Management average tenure	4yrs
Board average tenure	11.9yrs

Recent management updates

Recent updates

Analyst Estimates: Here's What Brokers Think Of VersaBank (TSE:VBNK) After Its Second-Quarter Report

Jun 08

VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Mar 09

CEO Compensation Analysis

How has David Taylor's remuneration changed compared to VersaBank's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	n/a	n/a	CA$46m
Apr 30 2024	n/a	n/a	CA$46m
Jan 31 2024	n/a	n/a	CA$44m
Oct 31 2023	n/a	n/a	CA$41m
Jul 31 2023	n/a	n/a	CA$35m
Apr 30 2023	n/a	n/a	CA$31m
Jan 31 2023	n/a	n/a	CA$26m
Oct 31 2022	CA$3m	CA$700k	CA$22m
Jul 31 2022	n/a	n/a	CA$21m
Apr 30 2022	n/a	n/a	CA$21m
Jan 31 2022	n/a	n/a	CA$21m
Oct 31 2021	CA$2m	CA$650k	CA$21m
Jul 31 2021	n/a	n/a	CA$19m
Apr 30 2021	n/a	n/a	CA$18m
Jan 31 2021	n/a	n/a	CA$17m
Oct 31 2020	CA$2m	CA$632k	CA$17m
Jul 31 2020	n/a	n/a	CA$18m
Apr 30 2020	n/a	n/a	CA$18m
Jan 31 2020	n/a	n/a	CA$18m
Oct 31 2019	CA$2m	CA$612k	CA$18m
Jul 31 2019	n/a	n/a	CA$18m
Apr 30 2019	n/a	n/a	CA$17m
Jan 31 2019	n/a	n/a	CA$17m
Oct 31 2018	CA$2m	CA$594k	CA$16m

Compensation vs Market: David's total compensation ($USD1.20M) is about average for companies of similar size in the Canadian market ($USD1.22M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Taylor (71 yo)

31.8yrs

Tenure

CA$1,673,816

Compensation

Mr. David Roy Taylor, B.Sc., M.B.A., FICB, PPL has been the President and Chief Executive Officer at VersaBank since January 18, 1993 and has been its Director since January 18, 1993. He has been the Presi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Taylor	President	31.8yrs	CA$1.67m	4.95% CA$ 30.9m
John Asma	Chief Financial Officer	less than a year	CA$586.04k	0.046% CA$ 288.5k
Nikola Kristo	Chief Credit Officer	no data	CA$567.26k	0.031% CA$ 192.4k
R. Clarke	Chief Operating Officer of VersaBank USA	less than a year	CA$572.34k	0.062% CA$ 384.7k
Michael Dixon	Senior Vice President of Point-of-Sale Financing	7.7yrs	CA$595.23k	0.055% CA$ 342.1k
Wooi Koay	Chief Information Officer	4.3yrs	no data	0.026% CA$ 160.6k
Brent Hodge	Senior VP	3.8yrs	no data	0.046% CA$ 284.9k
Jonathan Francis Taylor	Chief Human Resources Officer	no data	CA$674.08k	0.098% CA$ 611.3k
Joanne Johnston	Chief Internal Auditor	no data	no data	0.075% CA$ 470.6k
Tammie Ashton	Chief Risk Officer	4.5yrs	no data	0.0062% CA$ 38.6k
Garry W. Clement	Chief Anti-Money Laundering Officer	2.7yrs	no data	no data
James Gardiner	Credit Risk Officer of Real Estate	no data	no data	0.025% CA$ 153.9k

4.0yrs

Average Tenure

64yo

Average Age

Experienced Management: VBNK's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Taylor	President	31.8yrs	CA$1.67m	4.95% CA$ 30.9m
Robbert-Jan Brabander	Independent Director	15yrs	CA$111.55k	0.23% CA$ 1.4m
David Bratton	Independent Director	31.2yrs	CA$73.40k	0.12% CA$ 752.6k
Thomas Hockin	Independent Chairman of the Board	10.3yrs	CA$171.44k	0.11% CA$ 713.0k
Richard H. Jankura	Independent Director	2.5yrs	CA$121.57k	0.017% CA$ 108.8k
Paul Oliver	Independent Director	19.4yrs	CA$92.01k	0.22% CA$ 1.4m
Susan McGovern	Independent Vice Chair	13.5yrs	CA$107.81k	0.14% CA$ 865.6k
Gabrielle Bochynek	Independent Director	5.6yrs	CA$76.92k	0.051% CA$ 315.8k
Arthur Linton	Independent Director	4.6yrs	CA$64.78k	0.027% CA$ 168.3k
Peter Irwin	Independent Director	3.8yrs	CA$105.77k	0.087% CA$ 541.0k

11.9yrs

Average Tenure

78yo

Average Age

Experienced Board: VBNK's board of directors are seasoned and experienced ( 11.9 years average tenure).

VersaBank Management

Management criteria checks 4/4

Key information

Recent management updates

Senior VP recently sold CA$101k worth of stock

Chief Credit Officer exercised options to buy CA$168k worth of stock.

Versabank Appoints Senior Executives to U.S. Subsidiary Ahead of U.S. Bank Acquisition

Insufficient new directors

VersaBank, Annual General Meeting, Apr 17, 2024

Executive Vice President recently bought CA$500k worth of stock

Recent updates

Senior VP recently sold CA$101k worth of stock

Chief Credit Officer exercised options to buy CA$168k worth of stock.

Upcoming dividend of CA$0.025 per share

Consensus EPS estimates fall by 12%

Third quarter dividend of CA$0.025 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

VersaBank Declares Cash Dividends for the Quarter Ending October 31, 2024, Payable as of October 31, 2024

Consensus EPS estimates increase by 14%

Price target increased by 11% to CA$19.75

VersaBank to Report Q3, 2024 Results on Sep 05, 2024

Versabank Appoints Senior Executives to U.S. Subsidiary Ahead of U.S. Bank Acquisition

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 12%

Analyst Estimates: Here's What Brokers Think Of VersaBank (TSE:VBNK) After Its Second-Quarter Report

Second quarter dividend of CA$0.025 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Versabank Declares Cash Dividend for the Quarter Ending July 31, 2024, Payable July 31, 2024

VersaBank to Report Q2, 2024 Results on Jun 05, 2024

Upcoming dividend of CA$0.025 per share

VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 7.6% to CA$17.75

VersaBank to Report Q1, 2024 Results on Mar 06, 2024

Price target increased by 12% to CA$16.50

Insufficient new directors

VersaBank, Annual General Meeting, Apr 17, 2024

Executive Vice President recently bought CA$500k worth of stock

Executive Vice President recently bought CA$90k worth of stock

Upcoming dividend of CA$0.025 per share at 0.7% yield

President recently bought CA$395k worth of stock

Full year 2023 earnings: EPS misses analyst expectations

VersaBank Announces Chief Financial Officer Changes

VersaBank to Report Q4, 2023 Results on Dec 13, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of CA$0.025 per share at 0.9% yield

President exercised options to buy CA$419k worth of stock.

VersaBank Declares Cash Dividends for the Quarter Ending October 31, 2023, Payable as of October 31, 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

VersaBank to Report Q3, 2023 Results on Aug 30, 2023

Upcoming dividend of CA$0.025 per share at 1.0% yield

VersaBank (TSE:VBNK) Has Announced A Dividend Of CA$0.025

VersaBank Declares Cash Dividend for the Quarter Ending July 31, 2023, Payable as of July 31, 2023

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

VersaBank to Report Q2, 2023 Results on Jun 07, 2023

Insider recently bought CA$66k worth of stock

Insider recently bought CA$100k worth of stock

Upcoming dividend of CA$0.025 per share at 1.0% yield

VersaBank's (TSE:VBNK) Dividend Will Be CA$0.025

President recently bought CA$57k worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

President recently bought CA$152k worth of stock

VersaBank, Annual General Meeting, Apr 19, 2023

Upcoming dividend of CA$0.025 per share

Consensus forecasts updated

President recently bought CA$223k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Versabank Announces Cash Dividend for the Quarter Ending January 31, 2023, Payable as of January 31, 2023

Price target decreased to CA$13.75

VersaBank to Report Q4, 2022 Results on Dec 07, 2022

Price target decreased to CA$16.00

VersaBank Initiates Internal Pilot Program in Canada for New Digital Deposit Receipt with Internal E-Wallet Deposit Accounts

Upcoming dividend of CA$0.025 per share

Price target decreased to CA$16.00

Third quarter 2022 earnings released: EPS: CA$0.20 (vs CA$0.25 in 3Q 2021)

VersaBank Declares Cash Dividend on Common Share for the Quarter Ending October 31, 2022, Payable on October 31, 2022

VersaBank to Report Q3, 2022 Results on Aug 31, 2022

President recently bought CA$60k worth of stock

Upcoming dividend of CA$0.025 per share

VersaBank (TSX:VBNK) entered into an agreement to acquire Stearns Bank of Holdingford, National Association from Stearns Financial Services, Inc. for $13.5 million.