WSFS Financial Corporation (WSFS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I'd now like to turn the call over to David Burke, Chief Financial Officer. Sir, you may begin. Thank you, Tina, and good afternoon, and thank you, everyone, for joining our second quarter 2025 earnings call. Our earnings release and earnings release supplement, which we'll refer to on today's call, can be found in the investor relations section or our company website. With me on this call are Roger Levinson, Chairman, President, and CO, and Art Bacci, Chief Operating Officer. Prior to reviewing our financial results, I would like to read our safe harbor statement. Our discussion today will include information about our management's view of our future expectations, plans, and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements due to risks and uncertainties, including but not limited to the risk factors included in our annual report on Form 10-K and our most recent quarterly reports on Form 10-Q, as well as other documents we periodically file with the Securities and Exchange Commission. All comments made during today's call are subject to the safe harbor statement. I will now turn to our financial results. During the second quarter, WSFITs performed well as we continue to demonstrate the strength of our franchise and diverse business model. Results included a core earnings per share of $1.27, Core return on assets of 1.38% and core return on tangible common equity of 18.03%. All of these metrics are up versus the first quarter. Core net interest margin expanded one basis point to 3.89%. This reflects a reduction in total funding cost...