WSFS reports 2Q22 EPS $0.94, ROA 1.17%; board boosts dividend 15%

WSFS FINANCIAL CORP

2022-Q2 EPS reported $1.00 revenue$436,760,000

Net income $60.7M; diluted EPS $0.94; PPNR $91.6M.
Net interest income $153.6M, fee revenue $72.0M, total net revenue $225.6M.
Provision for credit losses $8.3M, down from $19.0M in 1Q22.
Board approved 15% dividend increase and new 10% share repurchase authority.
Corporate development/restructuring expense $10.3M related to Bryn Mawr Trust combination.

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