VersaBank

TSX:VBNK Stock Report

Market Cap: CA$344.8m

VersaBank Management

Management criteria checks 3/4

VersaBank's CEO is David Taylor, appointed in Jan 1993, has a tenure of 31.25 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$17.06M. The average tenure of the management team and the board of directors is 3.7 years and 11.3 years respectively.

Key information

David Taylor

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage44.8%
CEO tenure31.3yrs
CEO ownership4.9%
Management average tenure3.7yrs
Board average tenure11.3yrs

Recent management updates

Recent updates

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

Mar 09
VersaBank Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

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

Jun 27
VersaBank (TSE:VBNK) Has Announced A Dividend Of CA$0.025

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

Mar 20
VersaBank's (TSE:VBNK) Dividend Will Be CA$0.025

VersaBank (TSE:VBNK) Will Pay A Dividend Of CA$0.025

Jun 05
VersaBank (TSE:VBNK) Will Pay A Dividend Of CA$0.025

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

Jun 10
VersaBank (TSE:VB) Has Announced A Dividend Of CA$0.025

Increases to VersaBank's (TSE:VB) CEO Compensation Might Cool off for now

Apr 16
Increases to VersaBank's (TSE:VB) CEO Compensation Might Cool off for now

What Type Of Shareholders Make Up VersaBank's (TSE:VB) Share Registry?

Mar 19
What Type Of Shareholders Make Up VersaBank's (TSE:VB) Share Registry?

David Taylor Is The President of VersaBank (TSE:VB) And They Just Picked Up 2.7% More Shares

Feb 12
David Taylor Is The President of VersaBank (TSE:VB) And They Just Picked Up 2.7% More Shares

CEO Compensation Analysis

How has David Taylor's remuneration changed compared to VersaBank's earnings?
DateTotal CompensationSalaryCompany Earnings
Jan 31 2024n/an/a

CA$44m

Oct 31 2023n/an/a

CA$41m

Jul 31 2023n/an/a

CA$35m

Apr 30 2023n/an/a

CA$31m

Jan 31 2023n/an/a

CA$26m

Oct 31 2022CA$3mCA$700k

CA$22m

Jul 31 2022n/an/a

CA$21m

Apr 30 2022n/an/a

CA$21m

Jan 31 2022n/an/a

CA$21m

Oct 31 2021CA$2mCA$650k

CA$21m

Jul 31 2021n/an/a

CA$19m

Apr 30 2021n/an/a

CA$18m

Jan 31 2021n/an/a

CA$17m

Oct 31 2020CA$2mCA$632k

CA$17m

Jul 31 2020n/an/a

CA$18m

Apr 30 2020n/an/a

CA$18m

Jan 31 2020n/an/a

CA$18m

Oct 31 2019CA$2mCA$612k

CA$18m

Jul 31 2019n/an/a

CA$18m

Apr 30 2019n/an/a

CA$17m

Jan 31 2019n/an/a

CA$17m

Oct 31 2018CA$2mCA$594k

CA$16m

Jul 31 2018n/an/a

CA$14m

Apr 30 2018n/an/a

CA$12m

Jan 31 2018n/an/a

CA$9m

Oct 31 2017CA$2mCA$573k

CA$17m

Compensation vs Market: David's total compensation ($USD1.23M) is above average for companies of similar size in the Canadian market ($USD734.01K).

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

CEO

David Taylor (70 yo)

31.3yrs

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

NamePositionTenureCompensationOwnership
David Taylor
President31.3yrsCA$1.67m4.95%
CA$ 17.1m
John Asma
Chief Financial Officerless than a yearCA$586.04k0.046%
CA$ 159.4k
R. Clarke
Chief Operating Officerless than a yearCA$572.34k0.081%
CA$ 278.9k
Nikola Kristo
Chief Credit Officerno dataCA$567.26k0.048%
CA$ 166.0k
Michael Dixon
Senior Vice President of Point-of-Sale Financing7.1yrsCA$595.23k0.055%
CA$ 189.0k
Wooi Koay
Chief Information Officer3.7yrsno data0.026%
CA$ 88.7k
Brent Hodge
Senior VP3.3yrsno data0.065%
CA$ 223.8k
Jonathan Francis Taylor
Chief Human Resources Officerno dataCA$674.08k0.098%
CA$ 337.6k
Telemaco Matrundola
Executive Vice President7.1yrsno data0.24%
CA$ 816.7k
Joanne Johnston
Chief Internal Auditorno datano data0.075%
CA$ 259.9k
Tammie Ashton
Chief Risk Officer3.9yrsno data0.0062%
CA$ 21.3k
Garry W. Clement
Chief Anti-Money Laundering Officer2.1yrsno datano data

3.7yrs

Average Tenure

63yo

Average Age

Experienced Management: VBNK's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Taylor
President31.3yrsCA$1.67m4.95%
CA$ 17.1m
Robbert-Jan Brabander
Independent Director14.4yrsCA$111.55k0.23%
CA$ 791.1k
David Bratton
Independent Director30.6yrsCA$73.40k0.12%
CA$ 415.7k
Thomas Hockin
Independent Chairman of the Board9.7yrsCA$171.44k0.11%
CA$ 393.8k
Richard H. Jankura
Independent Director1.9yrsCA$121.57k0.014%
CA$ 48.1k
Paul Oliver
Independent Director18.8yrsCA$103.17k0.22%
CA$ 755.9k
Susan McGovern
Independent Vice Chair12.9yrsCA$107.81k0.14%
CA$ 478.1k
Gabrielle Bochynek
Independent Director5yrsCA$76.92k0.049%
CA$ 169.7k
Arthur Linton
Independent Director4yrsCA$64.78k0.027%
CA$ 93.0k
Peter Irwin
Independent Director3.3yrsCA$105.77k0.087%
CA$ 298.8k

11.3yrs

Average Tenure

77yo

Average Age

Experienced Board: VBNK's board of directors are seasoned and experienced ( 11.3 years average tenure).

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