VersaBank Partners with Thrive Financial to Expand US Receivable Purchase Program

Versabank ( (TSE:VBNK) ) has provided an update.

On October 6, 2025, VersaBank announced that its US subsidiary, VersaBank USA, has partnered with Thrive Financial Inc. to expand its Receivable Purchase Program (RPP) in the United States. This collaboration aims to leverage Thrive’s technology platform for point-of-sale financing in the home improvement sector, which is a key growth area for VersaBank’s RPP business. The partnership is expected to enhance VersaBank’s market presence and drive significant value for both companies, supporting VersaBank’s goal of reaching a US RPP portfolio target of $290 million.

The most recent analyst rating on (TSE:VBNK) stock is a Buy with a C$19.00 price target. To see the full list of analyst forecasts on Versabank stock, see the TSE:VBNK Stock Forecast page.

Spark’s Take on TSE:VBNK Stock

According to Spark, TipRanks’ AI Analyst, TSE:VBNK is a Outperform.

Versabank’s strong financial performance and positive technical indicators are the primary drivers of its overall score. The stock is fairly valued with a reasonable P/E ratio, though the dividend yield is modest. The absence of earnings call data and corporate events does not impact the score significantly.

To see Spark’s full report on TSE:VBNK stock, click here.

More about Versabank

VersaBank is a North American leader in business-to-business digital banking and technology solutions for cybersecurity. It operates a branchless, digital model based on proprietary technology, focusing on underserved segments of the banking industry. The bank is federally chartered in both Canada and the US, and its shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

YTD Price Performance: -11.69%

Average Trading Volume: 24,925

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$564.2M

For a thorough assessment of VBNK stock, go to TipRanks’ Stock Analysis page.