VersaBank Management

Management criteria checks 3/4

VersaBank's CEO is David Taylor, appointed in Jan 1993, has a tenure of 31.33 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 €11.84M. The average tenure of the management team and the board of directors is 3.8 years and 11.4 years respectively.

Key information

David Taylor

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage	44.8%
CEO tenure	31.3yrs
CEO ownership	4.9%
Management average tenure	3.8yrs
Board average tenure	11.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Taylor's remuneration changed compared to VersaBank's earnings?
Date	Total Compensation	Salary	Company Earnings
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
Jul 31 2018	n/a	n/a	CA$14m
Apr 30 2018	n/a	n/a	CA$12m
Jan 31 2018	n/a	n/a	CA$9m
Oct 31 2017	CA$2m	CA$573k	CA$17m

Compensation vs Market: David's total compensation ($USD1.22M) is above average for companies of similar size in the German market ($USD705.75K).

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

Name	Position	Tenure	Compensation	Ownership
David Taylor	President	31.3yrs	CA$1.67m	4.95% CA$ 11.8m
John Asma	Chief Financial Officer	less than a year	CA$586.04k	0.046% CA$ 110.6k
R. Clarke	Chief Operating Officer	less than a year	CA$572.34k	0.081% CA$ 193.6k
Nikola Kristo	Chief Credit Officer	no data	CA$567.26k	0.048% CA$ 115.2k
Michael Dixon	Senior Vice President of Point-of-Sale Financing	7.2yrs	CA$595.23k	0.055% CA$ 131.2k
Wooi Koay	Chief Information Officer	3.8yrs	no data	0.026% CA$ 61.6k
Brent Hodge	Senior VP	3.3yrs	no data	0.065% CA$ 155.3k
Jonathan Francis Taylor	Chief Human Resources Officer	no data	CA$674.08k	0.098% CA$ 234.4k
Telemaco Matrundola	Executive Vice President	7.2yrs	no data	0.24% CA$ 566.9k
Joanne Johnston	Chief Internal Auditor	no data	no data	0.075% CA$ 180.4k
Tammie Ashton	Chief Risk Officer	4yrs	no data	0.0062% CA$ 14.8k
Garry W. Clement	Chief Anti-Money Laundering Officer	2.2yrs	no data	no data

3.8yrs

Average Tenure

63yo

Average Age

Experienced Management: VEW's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Taylor	President	31.3yrs	CA$1.67m	4.95% CA$ 11.8m
Robbert-Jan Brabander	Independent Director	14.5yrs	CA$111.55k	0.23% CA$ 549.2k
David Bratton	Independent Director	30.7yrs	CA$73.40k	0.12% CA$ 288.5k
Thomas Hockin	Independent Chairman of the Board	9.8yrs	CA$171.44k	0.11% CA$ 273.4k
Richard H. Jankura	Independent Director	2yrs	CA$121.57k	0.014% CA$ 33.4k
Paul Oliver	Independent Director	18.9yrs	CA$103.17k	0.22% CA$ 524.7k
Susan McGovern	Independent Vice Chair	13yrs	CA$107.81k	0.14% CA$ 331.9k
Gabrielle Bochynek	Independent Director	5.1yrs	CA$76.92k	0.049% CA$ 117.8k
Arthur Linton	Independent Director	4.1yrs	CA$64.78k	0.027% CA$ 64.5k
Peter Irwin	Independent Director	3.3yrs	CA$105.77k	0.087% CA$ 207.4k

11.4yrs

Average Tenure

77yo

Average Age

Experienced Board: VEW's board of directors are seasoned and experienced ( 11.4 years average tenure).

VersaBank Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

VersaBank, Annual General Meeting, Apr 17, 2024

Executive Vice President recently bought €341k worth of stock

Executive Vice President recently bought €61k worth of stock

President recently bought €271k worth of stock

VersaBank Announces Chief Financial Officer Changes

Recent updates

Upcoming dividend of CA$0.025 per share

First quarter dividend of CA$0.025 announced

First quarter 2024 earnings released: EPS: CA$0.48 (vs CA$0.34 in 1Q 2023)

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

Now 22% undervalued

Insufficient new directors

VersaBank, Annual General Meeting, Apr 17, 2024

Executive Vice President recently bought €341k worth of stock

Executive Vice President recently bought €61k worth of stock

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

Investor sentiment improves as stock rises 28%

President recently bought €271k worth of stock

Full year 2023 earnings released: EPS: CA$1.57 (vs CA$0.79 in FY 2022)

VersaBank Announces Chief Financial Officer Changes

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

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

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

Third quarter 2023 earnings released: EPS: CA$0.38 (vs CA$0.20 in 3Q 2022)

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

Now 20% undervalued

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

Second quarter 2023 earnings released: EPS: CA$0.38 (vs CA$0.17 in 2Q 2022)

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

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

Insider recently bought €68k worth of stock

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

Insider recently bought €52k worth of stock

First quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.19 in 1Q 2022)

President recently bought €106k worth of stock

VersaBank, Annual General Meeting, Apr 19, 2023

Upcoming dividend of CA$0.025 per share

President recently bought €155k worth of stock

Full year 2022 earnings released: EPS: CA$0.83 (vs CA$0.96 in FY 2021)

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

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

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

Third quarter 2022 earnings released: EPS: CA$0.21 (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

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.

Second quarter 2022 earnings released: EPS: CA$0.18 (vs CA$0.25 in 2Q 2021)

VersaBank Announces Common Share Dividend for the Quarter Ending July 31, 2022, Payable as of July 31, 2022

VersaBank to Report Q2, 2022 Results on Jun 01, 2022

VersaBank Announces Board Transitions

Versabank Announces Executive Changes

Upcoming dividend of CA$0.025 per share

Versabank Announces Cash Dividends for the Common Share of the Bank for the Quarter Ending April 30, 2022, Payable as of April 30, 2022

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Versabank Announces Cash Dividends for the Common Share of the Bank for the Quarter Ending April 30, 2022, Payable as of April 30, 2022

VersaBank to Report Q1, 2022 Results on Mar 02, 2022

VersaBank, Annual General Meeting, Apr 20, 2022

President recently bought €58k worth of stock

President recently bought €58k worth of stock

Upcoming dividend of CA$0.025 per share

President recently bought €125k worth of stock

President recently bought €104k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

President recently bought €170k worth of stock

Investor sentiment improved over the past week

Versabank Ordinary Shares Deleted from Other OTC

Upcoming dividend of CA$0.025 per share

Third quarter 2021 earnings released: EPS CA$0.13 (vs CA$0.19 in 3Q 2020)

Upcoming dividend of CA$0.025 per share

Second quarter 2021 earnings released: EPS CA$0.25 (vs CA$0.22 in 2Q 2020)

VersaBank Declares Cash Dividend on Common Share for the Quarter Ending July 31, 2021, Payable as of July 31, 2021

Upcoming dividend of CA$0.025 per share

Versabank Partners with Stablecorp to Complete Development of Digital Currency Offering