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

Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001628280-24-002231
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828024002231/0001628280-24-002231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828024002231/wsfs-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002231

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