WSFS Financial reports Q1 EPS $1.01 vs. 6c last year

Reports Q1 revenue $245.7M vs. $199.1M last year. Rodger Levenson, CEO, said, "Despite the disruption in banking markets in mid-March, WSFS performed very well this quarter, reflecting the continued strength and diversity of our relationship-based business model. A huge thank you to all of our Associates who rallied together to serve our Customers during this period of uncertainty. Our balance sheet remains strong with significant liquidity capacity and capital levels above well-capitalized, even when including the effective AOCI from the total investment portfolio. While most credit quality metrics remain at historically favorable levels, ACL reserves increased prudently due to the near-term economic outlook."