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Dec 31, 2023
WSFS Q4 2023 Earnings Report
WSFS reported strong deposit and fee revenue growth with a NIM of 3.99% and EPS of $1.05.
Key Takeaways
WSFS Financial Corporation reported a net income attributable to WSFS of $63.9 million, or $1.05 per share, for the fourth quarter of 2023. The results reflect strong deposit and fee revenue growth and a net interest margin of 3.99%.
Core EPS was $1.15 compared to $1.23 for 3Q 2023.
Core ROA was 1.36% compared to 1.46% for 3Q 2023.
Customer deposits increased by $525.1 million, or 3% for the quarter.
Core fee revenue (noninterest income) was a record $78.0 million, an increase of $4.6 million, or 6%, compared to 3Q 2023.
Revenue by Segment
Forward Guidance
The company enters 2024 with momentum and a continued focus on franchise growth and capitalizing on the opportunities in our market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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