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: Tim Switzer - KBW - Analyst
: Hey, good morning guys. Thank you for taking my questions.
Question: Tim Switzer - KBW - Analyst
: Could you provide an update on how the conversations with new partners in the US are going? And you know, how many partners should we
expect to be kind of fully launched over the next few?
Question: Tim Switzer - KBW - Analyst
: Okay, great. And how, related to that, how should we think about the origination trajectory in the US and the balance sheet growth over the course
of the year? You know, it does, it is it a gradual acceleration kind of evenly each quarter or you know, is there, you know a point in the year where
you think it really starts to significantly pick up.
Question: Tim Switzer - KBW - Analyst
: And if I can get one more, please. What is the expense outlook for next year? Once we exclude some of the one timers you guys reported are most
of the costs associated with running the US business now in the run rate or is there kind of another lift, to the expense base of some of these
customers?
Question: Tim Switzer - KBW - Analyst
: Perfect. Okay, that's all for me. Thank you.
Question: David Feaster - Raymond James - Analyst
: Hi, good morning, everybody.
Question: David Feaster - Raymond James - Analyst
: One thing that you touched given the growth governors on the US expansion. You all are going to be syndicating some loans out to be able to
support the growth, but not necessarily have all on balance sheet. I'm curious where you are in the build out in that process and the platform. And
whether you've started to test that yet?
Question: David Feaster - Raymond James - Analyst
: Okay and then you touched on some of the differences too between kind of the small ticket opportunity and the larger ticket opportunity. I'm
curious maybe where are you focused in the US currently? Like where do you see the most opportunity here? Is it in the smaller ticket or maybe
some of the larger stuff?
Question: David Feaster - Raymond James - Analyst
: Okay. And you talked about 100 basis point, better spread in the stage. Do you see more opportunity? Is that on the funding side or is it on the
loan yield side? And then, just kind to the funding side you touched on the election and the potential tailwinds maybe for some from digital
currencies. Curious, if there's any interest in bringing back CDV and that opportunity.
Question: David Feaster - Raymond James - Analyst
: Okay. And then maybe if I could squeeze one more in you, touched about increased, put backs to your partners in Canada and we're really validating
your business model. And that's great. You've had no credit issues. But I'm curious maybe how is this impacted the partners in Canada and the
health of their balance sheet and their ability to absorb those losses so far.
Question: Andrew Scutt - Roth Capital Partners - Analyst
: Hey, good morning guys and thank you for taking my questions. First one for me, you guys saw the return of growth in your CRE portfolio. I know
you guys been recently kind of right sizing that portfolio, maybe changing up the mix if you kind of talk about how you feel about the portfolio
where it is now and then maybe provide some additional color on the CMHC portfolio.
Question: Andrew Scutt - Roth Capital Partners - Analyst
: Great. Well, thank you for the additional color. And then second one for me, you've kind of expanded on this earlier, but you know, as you look out
in 2025 can you kind of just talk through the pipeline of business activity for DRTC?
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DECEMBER 09, 2024 / 2:00PM, VBNK.TO - Q4 2024 Versabank Earnings Call
Question: Andrew Scutt - Roth Capital Partners - Analyst
: All right. Yeah, that sounds like a wonderful opportunity. Congrats on the growth and thanks for taking my questions.
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