secwatch.observer — SEC 8-K summary
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Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001628280-24-018158
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WSFS reports Q1 2024 EPS of $1.09, ROA 1.28%, annualized loan growth 7%
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- Net income attributable to WSFS of $65.8M vs. $62.4M in 1Q23; diluted EPS $1.09 vs. $1.01 YoY.
- Net interest income $175.3M down from $182.5M YoY; fee revenue $75.9M up from $63.1M YoY.
- Provision for credit losses $15.1M vs. $29.0M YoY; noninterest expense $149.1M vs. $133.0M YoY.
- Annualized loan growth of 7% for the quarter; pre-provision net revenue $102.1M vs. $112.6M YoY.
- Efficiency ratio 59.3% vs. 54.0% YoY; return on average equity 10.7% vs. 11.2% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828024018158/0001628280-24-018158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828024018158/wsfs-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-018158

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