WSFS reports Q2 EPS of $1.12, net revenue $248.7M, NIM 4.11%, ROA 1.36%

WSFS FINANCIAL CORP

2023-Q2 EPS reported $2.13 revenue$672,683,000

Diluted EPS $1.12 vs $0.94 in 2Q22; net income $68.7M up 13% from $60.7M.
Net interest income $181.8M, NIM 4.11%; fee revenue $66.9M up 6% from Q1 2023.
Total net revenue $248.7M; provision for credit losses $15.8M vs $8.3M a year ago.
ROA 1.36% (up from 1.17% YoY), ROE 11.8% (up from 10.1% YoY).
Solid loan and deposit growth; efficiency ratio 56.7% (vs 59.3% in 2Q22).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WSFS FINANCIAL CORP reported the second quarter of 2023 results: revenue 248.7, net income 68.7, EPS 1.12.

Period: the second quarter of 2023
Revenue: 248.7
Net income: 68.7
EPS: 1.12
Result: reported results

Exact text from the filing

are as follows: (Dollars in millions, except per share data) 2Q 2023 1Q 2023 2Q 2022 Net interest income $ 181.8 $ 182.5 $ 153.6 Fee revenue 66.9 63.1 72.0 Total net revenue 248.7 245.7 225.6 Provision for credit losses 15.8 29.0 8.3 Noninterest expense 141.3 133.0 134.0 Net income attributable to WSFS 68.7 62.4 60.7 Pre-provision net revenue (PPNR) (1)

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Source: SEC EDGAR

accession 0001628280-23-025473

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