Choice Through Innovation

Capitalizing on the Significant Operating Leverage in Our Core Digital Banking Operations Period of Investment in Future Growth 62% 55% 50% 52% 49% 47% 11.75% 13.41% 43% 40% 10.29% 8.50% 8.89% 6.61% 8.45% 7.89% $3.85 $4.20 $4.31 $3.98 $3.27 $2.99 $2.42 $1.81 $1.79 $1.94 $2.10 $1.73 $1.52 $1.63 $1.59 $1.65 Next Milestones Total Assets >$5B Efficiency Ratio <40% ROCE >$6B <35% 2017 2018 2019 2020 2021 2022 2023 Q1 2024 -ROCE Loan Portfolio Size (Billions CAD) ■Total Assets (Billions CAD) → Digital Banking Efficiency Ratio VersaBank Choice Through Innovation >16.5% >20% 14

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