WSFS Reports 1Q 2024 ROA of 1.28% and EPS of $1.09; Annualized Loan Growth of 7%; Reflects Balance Sheet Strength and Diverse Business Model

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[{"type":"text","content":" WILMINGTON, Del.--(BUSINESS WIRE)--\nWSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the first quarter of 2024.\n\n\nSelected financial results and metrics are as follows:\n\n\n\n\n(Dollars in millions, except per share data)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1Q 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4Q 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1Q 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet interest income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n175.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n178.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n182.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nFee revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n75.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n87.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n63.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nTotal net revenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n251.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n265.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n245.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nProvision for credit losses\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n15.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n24.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n29.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNoninterest expense\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n149.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n147.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n133.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet income attributable to WSFS\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n65.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n63.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n62.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nPre-provision net revenue (PPNR)(1)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n102.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n117.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n112.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nEarnings per share (EPS) (diluted)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1.09\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1.05\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1.01\n\n\n\n\n\n\n \n\n\n\n\n\n\n\...

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