WSFS Financial reports Q1 core EPS $1.11, consensus $1.07

Rodger Levenson, Chairman, CEO and President, said, “Despite a challenging operating environment, we are pleased to report first quarter earnings of a core EPS of $1.11 and accompanying core ROA of 1.31%. Our results were highlighted by annualized loan growth of 7% across both Commercial and Consumer business lines and continued solid, diversified core fee revenue of $76.5 million. Deposit levels remained essentially flat excluding the reduction of corporate trust deposits, which can vary from quarter to quarter, and the net interest margin of 3.84% reflects continued competitive market conditions.