---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-012582"
form_type: "8-K"
ticker: "WSFS"
cik: "0000828944"
company_name: "WSFS FINANCIAL CORP"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:30:28.602738+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WSFS Q1 2023 EPS $1.01, net income $62.4M, provision for credit losses rises to $29.0M

## Summary
- Diluted EPS $1.01, net income $62.4M, ROA 1.27% for Q1 2023.
- Total net revenue $245.7M vs $258.8M in Q4 2022; net interest income $182.5M.
- Provision for credit losses $29.0M, up from $13.4M in Q4 2022 and $19.0M in Q1 2022.
- Noninterest expense $133.0M relatively flat; efficiency ratio 54.0%.
- Core results exclude $0.6M Visa derivative valuation adjustment.

## SEC filing metadata
- accession: 0001628280-23-012582
- form_type: 8-K
- ticker: WSFS
- cik: 0000828944
- company_name: WSFS FINANCIAL CORP
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/828944/000162828023012582/0001628280-23-012582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/828944/000162828023012582/wsfs-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-012582
- JSON: https://secwatch.observer/filing/0001628280-23-012582.json
- Plain text: https://secwatch.observer/filing/0001628280-23-012582.txt

## Key facts
- Earnings Releases
  WSFS FINANCIAL CORP reported the quarter ended March 31, 2023 results: revenue 245.7, net income 62.4, EPS 1.01.
  - Period: the quarter ended March 31, 2023
  - Revenue: 245.7
  - Net income: 62.4
  - EPS: 1.01
  - Result: reported results
  source text: Net interest income $ 182.5 $ 193.9 $ 138.6 Fee revenue 63.1 64.9 60.6 Total net revenue 245.7 258.8 199.1 Provision for credit losses 29.0 13.4 19.0 Noninterest expense 133.0 132.9 174.5 Net income attributable to WSFS 62.4 84.4 3.8 Pre-provision net revenue (PPNR) (1) 112.6 125.9 24.7 Earnings per share (EPS) (diluted) 1.01 1.37 0.06
  evidence_url: https://www.sec.gov/Archives/edgar/data/828944/000162828023012582/0001628280-23-012582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.