WSFS Reports 2Q 2024 ROA of 1.34% and EPS of $1.16; Results Reflect Loan, Deposit and Diversified Fee Revenue Growth, Net Interest Margin of 3.85%

About this update from Wsfs Financial Corporation

[{"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 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\n2Q 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\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\n2Q 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$\n\n\n\n\n\n\n174.4\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\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\n181.8\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\n91.6\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\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\n66.9\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\n266.0\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\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\n248.7\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\n19.8\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\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\n15.8\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\n155.8\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\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\n141.3\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\n69.3\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\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\n68.7\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\n110.3\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\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\n107.5\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\n1.16\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\n1.09\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\n1.12\n\n\n\n\n\n\n \n\n\n\n\n\n\n...

More updates from Wsfs Financial Corporation