WSFS Q3 2024 EPS $1.08, net income $64.4M; ROA 1.22% and efficiency ratio 61.1% worsen

WSFS FINANCIAL CORP

2024-Q3 EPS reported $3.33

Net income of $64.4M; diluted EPS $1.08, down from $1.16 in Q2 2024 and $1.22 in Q3 2023.
Total net revenue $267.7M (up 5% YoY); fee revenue $90.2M (up 24% YoY).
ROA 1.22% (vs 1.34% Q2 and 1.45% year ago); ROE 10.0% (vs 11.4% Q2 and 12.6% year ago).
Efficiency ratio worsened to 61.1% from 58.5% in Q2 and 54.6% a year ago; noninterest expense rose to $163.7M.
Provision for credit losses flat YoY at $18.4M; net interest income $177.5M, up from Q2 but down YoY.

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