WSFS Q4 2022 Earnings Report
Key Takeaways
WSFS Financial Corporation reported strong Q4 2022 results, with an EPS of $1.37 and ROA of 1.69%. The results were driven by a net interest margin of 4.49%, solid loan growth, and diversified fee revenue. The company also successfully completed its first full year of the Bryn Mawr Trust combination.
Core ROA was 1.71% compared to 1.28% for 4Q 2021.
Core EPS was $1.38 compared to $1.04 for 4Q 2021.
Loan growth of 6% (annualized) driven by consumer partnerships and the commercial portfolio, including small business leases.
Net interest margin expanded to 4.49% compared to 3.99% in 3Q 2022, driven by the benefits of our asset-sensitive balance sheet and reflective of competitive deposit betas.
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WSFS Revenue by Segment
Forward Guidance
Despite the uncertain economic outlook, WSFS enters 2023 highly optimistic about its unique market position and the growth potential.
Revenue & Expenses
Visualization of income flow from segment revenue to net income