earnings
confidence high
sentiment positive
materiality 0.70
WSFS Q3 2022 EPS $1.16, net income $73.4M, NIM 3.99%, ROA 1.44%
WSFS FINANCIAL CORP
2022-Q3 EPS reported
$2.15
revenue$685,976,000
- Net income $73.4M, diluted EPS $1.16, ROA 1.44%, ROE 12.4% for Q3 2022.
- Net interest income $176.8M (+15% QoQ) with NIM expanded to 3.99%; total net revenue $239.5M.
- Fee revenue $62.7M (26.1% of total revenue), efficiency ratio improved to 55.4%.
- Credit provision $7.5M vs recovery of $21.3M in 3Q21; PPNR $106.6M.
- Includes $2.6M corporate development (Bryn Mawr Trust) and $2.3M Visa derivative adjustment.