secwatch.observer — SEC 8-K summary
======================================

Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001628280-23-034897
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828023034897/0001628280-23-034897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828023034897/wsfs-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034897

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