WSFS Q3 EPS $1.22, ROA 1.45%; fee revenue up 9% QoQ, NIM 4.08%

WSFS FINANCIAL CORP

2023-Q3 EPS reported $3.34

Diluted EPS of $1.22, up from $1.12 in Q2 2023 and $1.16 in Q3 2022; net income $74.2M.
Net interest income $182.6M, net interest margin 4.08%; fee revenue $72.7M (+9% QoQ).
Provision for credit losses $18.4M (up from $7.5M a year ago); noninterest expense $139.7M.
Pre-provision net revenue (PPNR) $115.6M; ROA 1.45%, ROE 12.6%.
Efficiency ratio improved to 54.6% from 56.7% in Q2 2023; fee revenue 28.4% of total revenue.

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 0.95

WSFS FINANCIAL CORP reported financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 23, 2023, WSFS Financial Corporation (the “Registrant”) issued a press release to report earnings for the quarter ended September 30, 2023.

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WSFS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-034897

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