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Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.97Last Year’s EPS
1.15Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 6.98%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong EPS performance, significant loan and deposit growth, and impressive fee revenue increases. However, these were somewhat offset by challenges in nonperforming assets, increased charge-offs, and a decline in net interest margin.Company Guidance
During the WSFS Financial Corporation's third-quarter 2024 earnings call, several key metrics were highlighted, underscoring the company's robust financial performance and strategic positioning. Core earnings per share (EPS) stood at $1.08, with a core return on assets (ROA) of 1.22% and a core return on tangible common equity of 16.96%. WSFS reported a 5% annualized increase in loans and a 3% increase in deposits, maintaining a loan-to-deposit ratio of 80% as of September 30. Core fee revenue rose by 5% quarter-over-quarter and 23% year-over-year, totaling $90.1 million. The net interest margin was recorded at 3.78%, reflecting a slight decrease from the previous quarter, while net interest income grew by 2%. Nonperforming assets increased to 44 basis points, with net charge-offs rising to 58 basis points due to specific problem loans. The company's book value per share increased by 8% to $45.37, and the tangible book value per share rose by 13% to $28.56. The updated full-year outlook anticipates a net interest margin of approximately 3.80%, with net charge-offs expected to be around 50 basis points, and an ROA projected between 1.20% and 1.25%.Core EPS and Return Metrics
WSFS reported a core EPS of $1.08 per share, core ROA of 1.22%, and core return on tangible common equity of 16.96% for Q3 2024.
Loan and Deposit Growth
Loans and deposits increased by 5% and 3% respectively on an annualized basis, with a loan-to-deposit ratio of 80% as of September 30.
Core Fee Revenue Growth
Core fee revenue increased 5% linked quarter and 23% year-over-year to $90.1 million.
Cash Connect Performance
Cash Connect increased 3% linked quarter and 50% year-over-year, driven by increased bailment revenues and market share capture.
Equity and Book Value Increase
Total stockholders' equity increased by 8% linked quarter, with book value per share rising 8% to $45.37 and tangible book value per share up 13% to $28.56.
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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 |
|---|---|---|---|
| Oct 24, 2024 | $50.59 | $48.97 | -3.20% |
| Jul 25, 2024 | $56.77 | $56.54 | -0.41% |
| Apr 25, 2024 | $44.13 | $42.47 | -3.76% |
| Jan 25, 2024 | $45.38 | $46.02 | +1.41% |
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 Jan 27, 2025, TBA Not Confirmed.
What is Wsfs Financial Corp. (WSFS) earnings time?
Wsfs Financial Corp. (WSFS) earnings time is at Jan 27, 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 2024 (Q4) is 0.97.
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