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

Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001628280-24-043621
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828024043621/0001628280-24-043621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828024043621/wsfs-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043621

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