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

Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001628280-24-032983
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 Q2 2024 EPS $1.16, ROA 1.34%, fee revenue growth driven by acquisitions
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828024032983/0001628280-24-032983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828024032983/wsfs-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032983

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