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Jun 30, 2022
WSFS Q2 2022 Earnings Report
WSFS reported EPS of $0.94 and ROA of 1.17%, reflecting growth in loans and diversified fee revenue.
Key Takeaways
WSFS Financial Corporation reported strong second quarter results, driven by growth in loans and diversified fee revenue. The Board approved a 15% dividend increase and a new 10% share authorization, demonstrating confidence in the company's financial position.
Core ROA was 1.27% in 2Q 2022.
Core EPS was $1.02 in 2Q 2022.
Core fee revenue as a percentage of core net revenue was 30.0%.
The Board approved a 15% increase in the quarterly cash dividend and a new share repurchase authorization of 10% outstanding shares.
WSFS
WSFS
WSFS Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comCash Connect Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income