secwatch.observer — SEC 8-K summary
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Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001628280-23-012582
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828023012582/0001628280-23-012582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828023012582/wsfs-20230424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-012582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer