WSFS Q4 2019 Earnings Report
Key Takeaways
WSFS Financial Corporation reported a net income of $45.7 million, or $0.88 per share, for the fourth quarter of 2019. The results reflect the impact of the Beneficial Bancorp, Inc. acquisition and include net corporate development and restructuring costs of $6.1 million. The company's core ROA was 1.63%, and core EPS was $0.96.
Core ROA was 1.63% in 4Q 2019, compared to 1.67% for 4Q 2018.
Core EPS was $0.96 in 4Q 2019, compared to $0.94 for 4Q 2018.
Core net revenue in 4Q 2019 increased by 58% from 4Q 2018, driven by increases in both core net interest income and core fee income.
The core efficiency ratio was 58.0% in 4Q 2019, compared with 58.5% in 4Q 2018.
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WSFS Revenue by Segment
Forward Guidance
WSFS looks forward to the continuing execution of its Strategic Plan in 2020, including realizing the Company’s significant growth opportunity and accelerating our Delivery Transformation efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income