earnings
confidence high
sentiment positive
materiality 0.70
WSFS Q4 2022 EPS $1.37, ROA 1.69%; NIM rises to 4.49% on loan growth
WSFS FINANCIAL CORP
2022-FY EPS reported
$3.49
revenue$963,949,000
- Q4 2022 diluted EPS $1.37 vs $1.16 in Q3 2022 and $1.18 in Q4 2021.
- Net interest income $193.9M; net interest margin (NIM) expanded to 4.49%.
- Total net revenue $258.8M; fee revenue $64.9M (25.0% of total).
- Full year 2022 net income $222.4M ($3.49 EPS) vs $271.4M ($5.69 EPS) in 2021.
- Provision for credit losses $13.4M; efficiency ratio improved to 51.2%.