WSFS reports Q2 2024 EPS $1.16, ROA 1.34%, fee revenue growth driven by acquisitions

WSFS FINANCIAL CORP

2024-Q2 EPS reported $2.24

Net income $69.3M, diluted EPS $1.16 vs $1.12 in Q2 2023.
Total net revenue $266.0M, up 7% YoY; fee revenue $91.6M (+37%) helped by acquisition.
Net interest income $174.4M, down 4% YoY; net interest margin 3.85%.
Provision for credit losses $19.8M, up from $15.8M in Q2 2023.
Efficiency ratio 58.5%; pre-provision net revenue (PPNR) $110.3M, up 3% YoY.

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