WSFS Q4 EPS $1.18, record full-year net income $271.4M; closes Bryn Mawr Trust acquisition Jan 1

WSFS FINANCIAL CORP

2021-FY EPS reported $5.69 revenue$641,849,000

Q4 net income $56.3M (diluted EPS $1.18); full-year record net income $271.4M (ROA 1.82%).
Total net revenue $154.3M (NII $108.2M, fee income $46.0M); recovery of credit losses $8.1M.
Efficiency ratio improved to 58.5% from 65.5% QoQ; PPNR $63.8M vs $50.7M prior quarter.
Includes $15.0M recovery of legal settlement (Charter Oak) and $6.7M restructuring expense (Bryn Mawr Trust combination).
Successfully closed acquisition of Bryn Mawr Bank Corporation (Bryn Mawr Trust) on January 1, 2022.

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