secwatch.observer — SEC 8-K summary
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Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001628280-22-009923
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WSFS reports Q1 GAAP net income of $3.8M ($0.06 EPS); includes $51.6M merger costs from Bryn Mawr Trust close
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- Net interest income $138.6M, up 28% QoQ from $108.2M; total net revenue $199.1M.
- Provision for credit losses of $19.0M vs. recovery of $8.1M in Q4 2021.
- Noninterest expense $174.5M, including $51.6M corporate development & restructuring costs.
- Pre-provision net revenue (PPNR) of $24.7M; GAAP ROA 0.07% and ROE 0.6%.
- Successful close and integration of Bryn Mawr Trust on Jan 1, 2022; diversified deposit and loan mix.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828022009923/0001628280-22-009923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828022009923/wsfs-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-009923

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