VersaBank

NasdaqGS:VBNK Stock Report

Market Cap: US$349.9m

VersaBank Management

Management criteria checks 4/4

VersaBank's CEO is David Taylor, appointed in Jan 1993, has a tenure of 31.92 years. total yearly compensation is CA$1.67M, comprised of 44.8% salary and 55.2% bonuses, including company stock and options. directly owns 4.94% of the company’s shares, worth $17.29M. The average tenure of the management team and the board of directors is 2.8 years and 12 years respectively.

Key information

David Taylor

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage44.8%
CEO tenure31.9yrs
CEO ownership4.9%
Management average tenure2.8yrs
Board average tenure12yrs

Recent management updates

Recent updates

VersaBank receives approval for amendment to NCIB

Sep 21

VersaBank GAAP EPS of C$0.20, revenue of C$21.24M

Aug 31

VersaBank receives approval to purchase up to 1.7M shares

Aug 15

CEO Compensation Analysis

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

CA$39m

Jul 31 2024n/an/a

CA$46m

Apr 30 2024n/an/a

CA$46m

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

Compensation vs Market: David's total compensation ($USD1.16M) is below average for companies of similar size in the US market ($USD2.16M).

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

CEO

David Taylor (71 yo)

31.9yrs

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
President31.9yrsCA$1.67m4.94%
$ 17.3m
John Asma
Chief Financial Officerless than a yearCA$586.04k0.046%
$ 161.5k
Wooi Koay
Chief Information Officer4.3yrsno data0.026%
$ 89.9k
Brent Hodge
Senior VP3.9yrsno data0.046%
$ 159.5k
Jonathan Francis Taylor
Chief Human Resources Officerno dataCA$674.08k0.098%
$ 342.2k
Joanne Johnston
Chief Internal Auditorno datano data0.075%
$ 263.4k
Tammie Ashton
Chief Risk Officer4.6yrsno data0.0062%
$ 21.6k
Saad Inam
Chief Credit Officerno datano data0.018%
$ 63.6k
Garry W. Clement
Chief Anti-Money Laundering Officer2.8yrsno datano data
James Gardiner
Credit Risk Officer of Real Estateno datano data0.025%
$ 86.1k
Timothy Bloom
Chief Risk Officer of VersaBank USAless than a yearno datano data
David Thoms
Senior Vice President of Point-of-Sale Financingno datano datano data

2.8yrs

Average Tenure

Experienced Management: VBNK's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Taylor
President31.9yrsCA$1.67m4.94%
$ 17.3m
Robbert-Jan Brabander
Independent Director15.1yrsCA$111.55k0.23%
$ 801.7k
David Bratton
Independent Director31.3yrsCA$73.40k0.12%
$ 421.2k
Thomas Hockin
Independent Chairman of the Board10.3yrsCA$171.44k0.11%
$ 399.1k
Richard H. Jankura
Independent Director2.6yrsCA$121.57k0.017%
$ 60.9k
Paul Oliver
Independent Director19.5yrsCA$92.01k0.22%
$ 766.0k
Susan McGovern
Independent Vice Chair13.6yrsCA$107.81k0.14%
$ 484.5k
Gabrielle Bochynek
Independent Director5.7yrsCA$76.92k0.051%
$ 176.8k
Arthur Linton
Independent Director4.7yrsCA$64.78k0.027%
$ 94.2k
Peter Irwin
Independent Director3.9yrsCA$105.77k0.087%
$ 302.8k

12.0yrs

Average Tenure

78yo

Average Age

Experienced Board: VBNK's board of directors are seasoned and experienced ( 12 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

VersaBank is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Trevor ReynoldsAcumen Capital Finance Partners Limited
Dylan SteuartiA Capital Markets
Timothy SwitzerKeefe, Bruyette, & Woods