WSFS reports Q4 2023 EPS $1.05, full-year EPS $4.40; NIM 3.99%, ROA 1.25%

WSFS FINANCIAL CORP

2023-FY EPS reported $4.40

GAAP diluted EPS of $1.05 for Q4 2023 vs $1.37 in Q4 2022; full-year 2023 EPS $4.40 vs $3.49 in 2022.
Net interest income $178.1M in Q4 2023, down from $193.9M in Q4 2022; net interest margin 3.99% vs 4.26%.
Fee revenue increased to $87.2M in Q4 from $64.9M in Q4 2022, driven by card and wealth management.
Provision for credit losses $24.8M in Q4 vs $13.4M in Q4 2022; noninterest expense $147.6M vs $132.9M.
Pre-provision net revenue $117.7M in Q4 vs $125.9M; ROA 1.25% vs 1.69%.

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 December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On January 25, 2024, WSFS Financial Corporation (the “Registrant”) issued a press release to report earnings for the quarter ended December 31, 2023.

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WSFS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001628280-24-002231

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