WSFS Reports 2Q 2023 EPS of $1.12 and ROA of 1.36%; Results Reflect Solid Loan and Deposit Growth, NIM of 4.11%; Diversified Fee Revenue Increase of 6% From 1Q 2023

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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 second quarter of 2023.\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\n2Q 2023\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\n2Q 2022\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$\n\n\n\n\n\n\n181.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n182.5\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\n153.6\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\n66.9\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\n63.1\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\n72.0\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\n248.7\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\n245.7\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\n225.6\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\n15.8\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\n\n\n\n\n\n \n\n\n\n\n\n\n8.3\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\n141.3\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\n133.0\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\n134.0\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\n68.7\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\n62.4\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\n60.7\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\n107.5\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\n\n\n\n\n\n \n\n\n\n\n\n\n91.6\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\n1.12\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 \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.94\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nReturn on average assets (ROA) (a)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1.36\n\n\n...

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