The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joseph Yanchunis - Raymond James - Analyst
: I apologize. Good morning. Let me start over. So the digital deposit receipts, it sounds like a very exciting opportunity. How should we think about
that in the near term? And can you quantify the level of these deposits, say, by year end that you would consider a success?
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MARCH 05, 2025 / 2:00PM, VBNK.TO - Q1 2025 Versabank Earnings Call
Question: Joseph Yanchunis - Raymond James - Analyst
: Understood. Well, certainly look forward to seeing how that matures and grows over time. And then (inaudible) if we could just pivot over to the
non-interest expenses. Should we think about this being the current run rate moving forward where we're at right now?
Question: Joseph Yanchunis - Raymond James - Analyst
: Got it. I appreciate that. And then last one from me here. How should we think about this growth in the U.S. RPP volume as we move throughout
the year? How quickly do you think you can ramp that up?
Question: Joseph Yanchunis - Raymond James - Analyst
: All right. I appreciate it. Thank you for taking my questions.
Question: Tim Switzer - Keefe, Bruyette & Woods Inc. - Analyst
: Good morning. Thank you for taking my questions. I have a follow-up on the trajectory of the U.S. point-of-sale business and the originations there.
Can you provide an update on how the conversation with some of your newer partners are going? And what it's going to take for them to want to
launch quicker and start originating loans as soon as possible?
Question: Tim Switzer - Keefe, Bruyette & Woods Inc. - Analyst
: Okay. Thank you. And as you begin to ramp up the originations in the U.S. business, how should we think about the capacity of the balance sheet
which I think is pretty large now following the capital raise versus the loans that you want to put in into the syndication? And what does that mean
for the related fee income?
Question: Tim Switzer - Keefe, Bruyette & Woods Inc. - Analyst
: Great. Thank you so much.
Question: Andrew Scutt - ROTH Capital Partners LLC - Analyst
: Good morning, guys. Thank you for taking my questions. First one for me here, can you just parse out a little bit more detail of the impact of the
flattening of the yield curve? You talked about the roll-off of some of the deposits on the book right now. And just kind of what you see, 2025
trajectory?
Question: Andrew Scutt - ROTH Capital Partners LLC - Analyst
: Great. Thanks for the the color there. And second one for me, a little bit of housekeeping, you guys took a bit of a provision in the quarter, I believe
it was due to an accounting change. Can you just provide some details there?
Question: Andrew Scutt - ROTH Capital Partners LLC - Analyst
: Great. Well, thanks for the time this morning and thanks for taking my questions.
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