VersaBank is a Canadian, federally-licensed, bank with a proven, branchless, business-to-business partner model that leverages our proprietary software to provide innovative solutions that address unmet needs in the banking industry.
As both our deposit and lending solutions are high-value add for our partners, we are able to realize the highest net interest margins in the Canadian banking sector and generate outstanding profits, with a conservative risk profile.
Through the successful launch of our innovative offerings, we achieved a 19% compounded annual growth rate in net income, since 2015. And we remain well positioned to continue our growth for years to come, through continued growth of our Canadian digital banking operations, and through expanding our digital banking operations in the United States.
We are the bank of the future… today… as we have been for more than a quarter century… but we are just getting started!