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Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
1.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 2.21%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Neutral
WSFS Financial Corporation reported a strong financial performance for the first quarter of 2025 with improvements in key metrics such as net interest margin and core fee revenue. However, challenges such as increased credit costs, charge-offs, and macroeconomic uncertainty impacting loan growth were noted. The overall sentiment is balanced with significant positive achievements offset by notable challenges.Company Guidance
During the WSFS Financial Corporation First Quarter 2025 Earnings Call, guidance indicated promising financial performance with several key metrics reflecting improvement. Core earnings per share were reported at $1.13, while the core return on assets (ROA) stood at 1.29%, and core pre-provision net revenue (PPNR) reached $104.6 million. The core return on tangible common equity was recorded at 16.97%. There was an 8 basis point expansion in core net interest margin to 3.88%, alongside a 15 basis point reduction in total funding cost to 1.77%. The company achieved a 6% year-over-year growth in core fee revenue, driven by a 19% increase from Wealth and Trust. Additionally, institutional services and Bryn Mawr Trust Company of Delaware exhibited strong growth. The core efficiency ratio improved to 59% due to a 9% quarter-over-quarter decline in expenses, influenced by seasonal factors and one-time items. Gross loans decreased by less than 1% quarter-over-quarter, while client deposits declined 1% primarily due to seasonality. Despite these drops, client deposits experienced a 4% year-over-year increase. Total net credit costs were $17.6 million with net charge-offs at $24.6 million, due to a significant charge-off related to a non-performing loan acquired through the Bryn Mawr Trust acquisition. The company’s capital ratios remained robust with a CET1 of 14.1% and a TCE of 8.63%. WSFS returned $62.6 million of capital, including $53.8 million in buybacks, and announced a 13% increase in the quarterly dividend, along with a new share repurchase authorization amounting to 14% of outstanding shares. The company plans to target a CET1 ratio of 12% in the medium term, with a gradual multi-year approach.Strong First Quarter Financial Performance
WSFS reported a core earnings per share of $1.13, core ROA of 1.29%, core PPNR of $104.6 million, and core return on tangible common equity of 16.97%, all improvements from the prior quarter.
Expansion of Net Interest Margin
Core net interest margin expanded by 8 basis points to 3.88% despite a 100 basis point interest rate cut.
Growth in Core Fee Revenue
Core fee revenue grew 6% year-over-year, driven by a 19% increase in Wealth and Trust revenue.
Strong Capital Returns
WSFS returned $62.6 million of capital in the first quarter, including $53.8 million in buybacks and $8.8 million in dividends. They also announced a 13% increase in the quarterly dividend.
Improved Efficiency
The core efficiency ratio was 59% as expenses declined by 9% quarter-over-quarter.
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WSFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $52.15 | $51.66 | -0.94% |
| Jan 27, 2025 | $54.65 | $55.38 | +1.34% |
| Oct 24, 2024 | $50.47 | $48.84 | -3.23% |
| Jul 25, 2024 | $56.62 | $56.40 | -0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wsfs Financial Corp. (WSFS) report earnings?
Wsfs Financial Corp. (WSFS) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Wsfs Financial Corp. (WSFS) earnings time?
Wsfs Financial Corp. (WSFS) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSFS EPS forecast?
WSFS EPS forecast for the fiscal quarter 2025 (Q2) is 1.12.
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