WSFS Financial

WSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. The Cash Connect segment offers ATM vault cash, cash safe, and other cash logistics services. The Wealth Management segment focuses on an array of fiduciary, investment management, credit, and deposit products to clients. The company was founded in 1832 and is headquartered in Wilmington, DE.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WSFS Financial reports strong Q4 performance and optimistic outlook for 2023

WSFS Financial's Q4 2022 performance showcased strength in core metrics and operational improvements, setting a positive tone for 2023.
While facing challenges such as provision costs and flat deposits, the company's strategic outlook and commitment to shareholder value position it well for the future.
With a focus on efficiency, profitability, and growth opportunities, WSFS Financial aims to navigate challenges and drive performance in the upcoming year.

WSFS Financial reports robust Q1 performance amidst charge-off challenges

WSFS Financial Corporation demonstrated strong financial performance in Q1 2023, driven by robust core metrics and revenue streams. While facing challenges with increased charge-offs, the company's stable asset quality and strategic focus position it well for growth. Leveraging its diverse deposit base and focusing on core strengths present opportunities for continued success.

WSFS Financial reports strong Q2 earnings, poised for strategic growth

WSFS Financial delivered robust financial performance in Q2 2023, marked by strong core EPS growth, loan and deposit expansion, and increased core fee revenue.
Despite challenges in asset quality and potential interest rate risks, the company's strategic positioning and outlook indicate resilience and growth potential.
By capitalizing on opportunities in loan expansion and fee revenue growth, WSFS Financial can navigate challenges and drive sustainable business growth in the future.

WSFS Financial excels in Q3 2023 with strong core performance

WSFS Financial's Q3 2023 performance was marked by strong core EPS and ROA, supported by loan growth and solid net interest margin. While facing challenges in asset quality metrics and credit losses, the company is strategically positioned to capitalize on loan growth opportunities and stabilize NIM in the coming quarters. Anticipated fee income fluctuations are expected to be offset by the strong performance of core components.

WSFS Financial excels in Q4 2023, eyes growth opportunities ahead

WSFS Financial's Q4 2023 performance reflects strength in core metrics and revenue streams. The company's solid capital position and earnings provide a cushion against economic headwinds. With a focus on fee income and strategic investments, WSFS is poised for continued growth and shareholder returns.

WSFS Financial reports strong Q1 earnings and optimistic outlook

WSFS Financial's Q1 2024 earnings call showcased strong financial performance, growth in key metrics, and a positive outlook for the year. Despite challenges in noninterest expenses, the company remains well positioned for continued success and value creation.

WSFS Financial excels in Q2 performance, eyes growth opportunities

WSFS Financial showcased strong financial metrics, robust capital return to shareholders, and a positive outlook for maintaining performance.
While facing challenges in managing growth pace and market risks, the company can capitalize on opportunities in fee business expansion and digital innovation.
Strategic planning and risk management will be crucial for WSFS to navigate uncertainties and sustain its growth trajectory in the evolving financial landscape.

WSFS Financial reports robust Q3 performance amidst credit challenges

WSFS Financial Corporation delivered a strong performance in Q3 2024, with notable increases in core EPS, core ROA, and core fee revenue.
While facing challenges related to credit costs and asset quality, the company remains well-positioned for growth and profitability.
By leveraging its strengths in capital efficiency and revenue diversification, WSFS can navigate challenges and seize opportunities for sustained success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

WSFS Financial (WSFS) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.16 per share a year ago.

WSFS Financial (WSFS) Surpasses Q2 Earnings and Revenue Estimates

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)     2Q 2024       1Q 2024       2Q 2023   Net interest income   $ 174.4     $ 175.3     $ 181.8   Fee revenue     91.6       75.9       66.9   Total net revenue     266.0       251.1       248.7   Provision for credit.

WSFS Reports 2Q 2024 ROA of 1.34% and EPS of $1.16; Results Reflect Loan, Deposit and Diversified Fee Revenue Growth, Net Interest Margin of 3.85%

Evaluate the expected performance of WSFS (WSFS) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About WSFS (WSFS) Q2 Earnings

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial Crimes. Ioia will be responsible for leading the Enterprise Fraud Risk Management Program, including the direct supervision of Associates who prevent, detect, and mitigate financial criminal.

WSFS Announces Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management

WSFS (WSFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: WSFS Financial (WSFS) Q2 Earnings Expected to Decline

WSFS (WSFS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

WSFS (WSFS) Moves 7.1% Higher: Will This Strength Last?

WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the second quarter by the WSFS CARES Foundation board, will support the following organizations: Be Ready Community Development Corp. ($200,000 Grant to be paid over two years) Be Ready Community Development Corpora.

WSFS CARES Foundation Supports Community Organizations with $200K in Second Quarter Grants

Citizens Financial Group

HomeStreet

The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.

3 Savings & Loan Stocks to Watch Amid High Interest Rate

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business Thursday, July 25, 2024. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, July 26, 2024. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be availa.

WSFS Financial Corporation Announces Second Quarter 2024 Earnings Release Date and Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--On June 12, 2024, nearly 1,500 WSFS Associates volunteered at more than 130 community organizations across the region as part of WSFS' second annual We Stand for Service Day. The Company-wide day of giving back through volunteerism saw approximately 1,500 Associates band together to volunteer more than 5,000 hours and make an impact at organizations across the region. “Our commitment to service goes beyond banking. Through initiatives like We Stand for Service.

Nearly 1,500 WSFS Associates Volunteer Across the Region for We Stand for Service Day

WILMINGTON, Del.--(BUSINESS WIRE)--Moody's Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) with an issuer rating of Baa2 and a Stable Outlook. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of Baa1. Moody's has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody's debt ratings for W.

WSFS Financial Corp's Baa2 Issuer Rating with a Stable Outlook Affirmed by Moody's, Reflects Strong Capital, Liquidity, Credit, and Diversified Business Model

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Capital Management, is pleased to announce the hire of Jasmine Yu as Senior Vice President and Chief Investment Officer, reporting to Jamie Hopkins, Senior Vice President, CEO of Bryn Mawr Capital Management and Director of Private Wealth Management for Bryn Mawr Trust. Yu will lead the Investment Strategy and Solutions team towards delivering exceptional outcomes for clients, driving i.

Bryn Mawr Capital Management Announces Jasmine Yu as Senior Vice President and Chief Investment Officer

WSFS (WSFS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

WSFS (WSFS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today that David Burg will join the Company as Executive Vice President, Chief Financial Officer on August 15, 2024. In this role, Burg will be responsible for leading the Company's financial operations and strategy, including Financial Planning and Analysis, Accounting and Financial Reporting, Treasury, and Investor Relations. Prior to joining WSFS, Burg held several senior.

WSFS Strengthens Executive Leadership Team to Support Next Phase of Growth

Provident Financial Services

Riverview Bancorp

Zacks Savings and Loan industry players like PFS, RVSB and WSFS are poised to tide through a potential recession and waning loan demand on digital ramp-ups and inorganic efforts.

3 Savings & Loan Stocks to Buy Despite Grim Industry Prospects

WSFS Financial Corporation (NASDAQ:WSFS ) Q1 2024 Earnings Conference Call April 26, 2024 1:00 PM ET Company Participants Art Bacci - Chief Wealth Officer & Interim Chief Financial Officer Rodger Levenson - Chairman, President & Chief Executive Officer Steve Clark - Chief Commercial Banking Officer Shari Kruzinski - Chief Consumer Banking Officer Conference Call Participants Russell Gunther - Stephens Frank Schiraldi - Piper Sandler Feddie Strickland - Janney Manuel Navas - D.A. Davidson Kelly Motta - KBW Operator Thank you for standing by, and welcome to the WSFS Financial Corporation First Quarter Earnings Conference Call.

WSFS Financial Corporation (WSFS) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for WSFS (WSFS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, WSFS (WSFS) Q1 Earnings: A Look at Key Metrics

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the first quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)     1Q 2024       4Q 2023       1Q 2023   Net interest income   $ 175.3     $ 178.1     $ 182.5   Fee revenue     75.9       87.2       63.1   Total net revenue     251.1       265.3       245.7   Provision for credit l.

WSFS Reports 1Q 2024 ROA of 1.28% and EPS of $1.09; Annualized Loan Growth of 7%; Reflects Balance Sheet Strength and Diverse Business Model

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Brooke Moyer as Senior Vice President and Director of Loan Syndications, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets. In his role, Moyer will be responsible for arranging, pricing, structuring and distributing multi-bank commercial and industrial (C&I), commercial real estate (CRE) and healthca.

WSFS Announces Brooke Moyer as Senior Vice President and Director of Loan Syndications

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced it has launched Early Pay, which allows Customers to receive eligible direct deposits from their employers up to two days early. Early Pay is also available for recurring government benefits, such as Social Security payments. “We're thrilled to be able to offer Early Pay to our Customers to help streamline their eligible direct deposits and enable them to access funds soo.

WSFS Bank Launches Early Pay, Enabling Customers to Receive Eligible Direct Deposits Early

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its first quarter earnings at the end of business Thursday, April 25, 2024. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, April 26, 2024. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be avail.

WSFS Financial Corporation Announces First Quarter 2024 Earnings Release Date and Conference Call

WSFS (WSFS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

WSFS (WSFS) Upgraded to Buy: What Does It Mean for the Stock?

WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the first quarter by the WSFS CARES Foundation board, will support the following organizations: Delaware Prosperity Partnership ($150,000 Grant to be paid over three years) Delaware Prosperity Partnership (DPP) is.

WSFS CARES Foundation Provides More Than $185K in First Quarter Grants to Community Organizations

WILMINGTON, Del.--(BUSINESS WIRE)--According to a new study from WSFS Mortgage, a division of WSFS Bank (Nasdaq: WSFS), most homeowners with knowledge of reverse mortgages agree they can allow you to stay in your home longer (79%) and provide needed cash flow (76%) in retirement. Sixty-two percent of respondents with knowledge of reverse mortgages agreed they can provide more financial freedom in retirement, while 61% said they can help cover expenses like long-term care. “Reverse mortgages hav.

Reverse Mortgages Can Provide Needed Cash Flow and Flexibility, But Educational Opportunities Still Exist, WSFS Mortgage Study Reveals

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Jamie Tranfalia as Senior Vice President and Senior Middle Market Team Leader, reporting to Jim Gise, Senior Vice President, Middle Market, Syndications and Capital Markets. In his role, Tranfalia will support and develop a team of Middle Market Relationship Managers to retain and deepen existing Middle Market relationships, acquire new relationsh.

News for WSFS Financial Stock (WSFS)