secwatch.observer — SEC 8-K summary
======================================

Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001628280-22-001183
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828022001183/0001628280-22-001183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828022001183/wsfs-20220124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-001183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer