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Complete financial analysis of WSFS Financial Corporation (WSFS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of WSFS Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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WSFS Financial Corporation (WSFS)
About WSFS Financial Corporation
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit, and government-insured reverse mortgages. In addition, it offers various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; investment advisory services to high net worth individuals and institutions; mortgage and title services; and leases small equipment and fixed assets, as well as cash management, trust, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, ATM processing equipment sales, and deposit safe cash logistics services. As of December 31, 2020, it operated 112 offices, including 52 in Pennsylvania, 42 in Delaware, 16 in New Jersey, 1 in Virginia, and 1 in Nevada. The company was founded in 1832 and is headquartered in Wilmington, Delaware.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 926.90M | 923.02M | 619.13M | 666.98M | 633.06M | 409.02M | 345.92M | 296.10M | 255.06M | 222.79M | 211.74M | 213.69M | 189.63M | 170.79M | 154.89M | 135.21M | 130.18M | 118.20M | 108.30M | 98.81M | 84.16M | 185.33M | 106.42M | 82.05M | 65.44M | 61.80M | 59.70M | 53.90M | 64.50M | 43.20M | 41.80M | 38.90M | 60.60M | 53.50M | 64.00M | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -339.16M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.27B | 923.02M | 619.13M | 666.98M | 633.06M | 409.02M | 345.92M | 296.10M | 255.06M | 222.79M | 211.74M | 213.69M | 189.63M | 170.79M | 154.89M | 135.21M | 130.18M | 118.20M | 108.30M | 98.81M | 84.16M | 185.33M | 106.42M | 82.05M | 65.44M | 61.80M | 59.70M | 53.90M | 64.50M | 43.20M | 41.80M | 38.90M | 60.60M | 53.50M | 64.00M | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 136.59% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 305.08M | 290.00M | 244.00M | 213.39M | 253.12M | 139.31M | 124.25M | 113.39M | 100.33M | 89.18M | 80.28M | 77.29M | 71.11M | 61.39M | 52.88M | 46.65M | 43.66M | 39.37M | 35.17M | 30.72M | 26.54M | 25.65M | 40.20M | 29.99M | 20.10M | 15.80M | 17.10M | 17.50M | 20.30M | 15.50M | 13.50M | 14.00M | 20.00M | 25.50M | 21.80M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 11.85M | 7.23M | 5.41M | 5.68M | 6.71M | 4.59M | 3.08M | 3.02M | 3.00M | 2.40M | 2.43M | 2.66M | 4.30M | 3.19M | 3.30M | 3.92M | 3.91M | 2.71M | 2.75M | 2.33M | 1.60M | 1.43M | 2.71M | 2.89M | 1.58M | 1.30M | 1.20M | 700.00K | 1.10M | 1.50M | 900.00K | 300.00K | 2.00M | 4.30M | 4.10M | 0.00 | 0.00 | 0.00 |
| SG&A | 312.99M | 297.23M | 249.41M | 219.07M | 259.83M | 143.90M | 127.33M | 116.41M | 103.33M | 91.58M | 82.71M | 79.94M | 75.41M | 64.59M | 56.18M | 50.57M | 47.57M | 42.08M | 37.92M | 33.05M | 28.15M | 27.08M | 42.91M | 32.88M | 21.68M | 17.10M | 18.30M | 18.20M | 21.40M | 17.00M | 14.40M | 14.30M | 22.00M | 29.80M | 25.90M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 701.13M | -207.32M | -511.00M | -739.64M | -697.63M | -335.62M | -60.97M | -62.57M | 0.00 | 0.00 | 0.00 | 0.00 | -230.89M | -215.80M | -212.50M | -162.70M | -134.63M | -114.19M | -103.51M | -92.02M | -38.32M | -67.11M | -122.79M | -97.33M | -66.21M | -56.10M | -55.00M | -52.50M | -60.20M | -53.00M | -51.50M | -49.40M | -66.80M | -169.70M | -95.50M | 4.20M | 4.70M | 1.50M |
| Operating Expenses | 1.01B | 89.92M | -261.59M | -520.57M | -437.80M | -191.72M | 60.97M | 62.57M | 165.46M | 146.65M | 127.95M | 132.34M | -155.47M | -151.22M | -156.32M | -112.12M | -87.05M | -72.10M | -65.59M | -58.96M | -10.18M | -40.03M | -79.88M | -64.45M | -44.53M | -39.00M | -36.70M | -34.30M | -38.80M | -36.00M | -37.10M | -35.10M | -44.80M | -139.90M | -69.60M | 4.20M | 4.70M | 1.50M |
| Cost & Expenses | 1.01B | 89.92M | -261.59M | -520.57M | -437.80M | -191.72M | 255.34M | 224.49M | 165.46M | 146.65M | 127.95M | 132.34M | -155.47M | -151.22M | -156.32M | -112.12M | -87.05M | -72.10M | -65.59M | -58.96M | -10.18M | -40.03M | -79.88M | -64.45M | -44.53M | -39.00M | -36.70M | -34.30M | -38.80M | -36.00M | -37.10M | -35.10M | -44.80M | -139.90M | -69.60M | 4.20M | 4.70M | 1.50M |
| Interest Income | 976.52M | 703.82M | 456.37M | 514.41M | 521.09M | 292.97M | 254.73M | 216.58M | 182.58M | 160.34M | 147.02M | 150.29M | 158.64M | 162.40M | 157.73M | 166.48M | 189.48M | 177.18M | 136.02M | 104.11M | 89.30M | 94.70M | 120.47M | 129.68M | 110.18M | 108.20M | 109.90M | 104.60M | 100.00M | 80.70M | 72.30M | 85.70M | 117.30M | 143.30M | 132.10M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 251.42M | 40.93M | 22.72M | 48.45M | 76.14M | 46.50M | 33.46M | 22.83M | 15.78M | 15.83M | 15.44M | 23.29M | 32.61M | 41.73M | 53.09M | 77.26M | 107.47M | 99.28M | 62.38M | 37.25M | 31.30M | 33.43M | 58.18M | 65.73M | 71.37M | 71.10M | 69.80M | 58.90M | 58.10M | 44.70M | 38.50M | 55.00M | 86.20M | 107.70M | 91.90M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 48.60M | 60.54M | 37.84M | 38.20M | 49.82M | 11.27M | 11.64M | 9.92M | 8.18M | 18.05M | 17.34M | 17.40M | 11.14M | 6.66M | 6.82M | 6.22M | 4.93M | 4.51M | 5.44M | 6.02M | 11.56M | 8.89M | 4.98M | 2.37M | 3.37M | 2.90M | -900.00K | -400.00K | -1.30M | 1.40M | 1.00M | 1.00M | 3.50M | 21.30M | 7.10M | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 361.15M | 369.57M | 183.15M | 244.19M | 182.07M | 120.13M | 107.07M | 91.99M | 89.44M | 88.97M | 65.69M | 46.89M | 27.74M | -130.00K | 0.00 | 0.00 | 0.00 | 0.00 | 45.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.20M | 4.70M | 1.50M |
| EBITDA Ratio | 0.00% | 41.58% | 63.86% | 27.68% | 38.71% | 55.88% | 34.73% | 36.16% | 36.07% | 40.14% | 42.02% | 30.74% | 23.88% | 15.36% | 3.48% | 21.67% | 36.91% | 42.81% | 44.46% | 46.42% | 101.64% | 83.20% | 29.62% | 24.34% | 37.10% | 41.59% | 37.02% | 35.62% | 37.83% | 19.91% | 13.64% | 12.34% | 31.85% | -121.68% | 2.34% | 0.00% | 0.00% | 0.00% |
| Operating Income | 365.04M | 341.26M | 357.54M | 146.41M | 195.26M | 217.30M | 108.49M | 97.15M | 83.81M | 71.39M | 71.64M | 48.29M | 34.15M | 19.57M | -1.43M | 23.09M | 43.12M | 46.10M | 42.70M | 39.85M | 73.99M | 145.30M | 26.54M | 17.61M | 20.91M | 22.80M | 23.00M | 19.60M | 25.70M | 7.20M | 4.70M | 3.80M | 15.80M | -86.40M | -5.60M | 4.20M | 4.70M | 1.50M |
| Operating Income Ratio | 39.38% | 36.97% | 57.75% | 21.95% | 30.84% | 53.13% | 31.36% | 32.81% | 32.86% | 32.04% | 33.83% | 22.60% | 18.01% | 11.46% | -0.92% | 17.07% | 33.13% | 39.00% | 39.43% | 40.33% | 87.91% | 78.40% | 24.94% | 21.46% | 31.95% | 36.89% | 38.53% | 36.36% | 39.84% | 16.67% | 11.24% | 9.77% | 26.07% | -161.50% | -8.75% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 230.00K | -119.19M | -55.73M | -77.27M | -89.67M | -42.14M | -61.65M | -47.23M | -41.30M | -30.20M | -23.37M | -15.17M | -12.74M | -8.16M | -60.04M | 0.00 | 779.00K | -103.79M | 0.00 | -6.02M | -41.79M | -13.83M | 2.03M | 5.86M | -62.22M | 1.50M | -68.90M | -58.50M | -56.80M | -100.00K | -39.50M | -56.00M | -4.10M | -129.00M | -5.70M | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 365.27M | 300.61M | 357.70M | 144.96M | 194.37M | 170.80M | 108.49M | 97.15M | 83.81M | 71.39M | 71.64M | 48.29M | 34.15M | 19.57M | -1.43M | 23.09M | 43.12M | 46.10M | 42.70M | 39.71M | 32.20M | 131.47M | 28.57M | 23.46M | 20.91M | 24.30M | 23.00M | 19.60M | 25.70M | 7.10M | 4.70M | 3.80M | 11.70M | -86.40M | -5.70M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 39.41% | 32.57% | 57.77% | 21.73% | 30.70% | 41.76% | 31.36% | 32.81% | 32.86% | 32.04% | 33.83% | 22.60% | 18.01% | 11.46% | -0.92% | 17.07% | 33.13% | 39.00% | 39.43% | 40.18% | 38.26% | 70.94% | 26.85% | 28.60% | 31.95% | 39.32% | 38.53% | 36.36% | 39.84% | 16.44% | 11.24% | 9.77% | 19.31% | -161.50% | -8.91% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 96.25M | 77.96M | 86.10M | 31.64M | 46.45M | 36.06M | 58.25M | 33.07M | 30.27M | 17.63M | 24.76M | 16.98M | 11.48M | 5.45M | -2.09M | 6.95M | 13.47M | 15.66M | 14.85M | 13.95M | 10.96M | 44.15M | 9.46M | 6.59M | 1.20M | 6.30M | 6.60M | 3.20M | -1.30M | -1.00M | -1.70M | -1.00M | 4.50M | -900.00K | 100.00K | -4.20M | -4.70M | -1.50M |
| Net Income | 269.16M | 222.38M | 271.44M | 114.77M | 148.81M | 134.74M | 50.24M | 64.08M | 53.53M | 53.76M | 46.88M | 31.31M | 22.68M | 14.12M | 663.00K | 16.14M | 29.65M | 30.44M | 27.86M | 25.90M | 63.02M | 101.14M | 17.08M | 11.02M | 19.71M | 16.50M | 16.40M | 16.40M | 27.00M | 8.20M | 6.40M | 4.80M | 11.30M | -85.50M | -5.70M | 4.20M | 4.70M | 1.50M |
| Net Income Ratio | 29.04% | 24.09% | 43.84% | 17.21% | 23.51% | 32.94% | 14.52% | 21.64% | 20.99% | 24.13% | 22.14% | 14.65% | 11.96% | 8.27% | 0.43% | 11.93% | 22.78% | 25.75% | 25.72% | 26.21% | 74.88% | 54.57% | 16.05% | 13.43% | 30.12% | 26.70% | 27.47% | 30.43% | 41.86% | 18.98% | 15.31% | 12.34% | 18.65% | -159.81% | -8.91% | 0.00% | 0.00% | 0.00% |
| EPS | 4.40 | 3.50 | 5.71 | 2.27 | 3.02 | 4.27 | 1.60 | 2.12 | 1.80 | 1.91 | 1.70 | 1.08 | 0.77 | 0.49 | -0.09 | 0.87 | 1.56 | 1.53 | 1.37 | 1.21 | 2.70 | 3.71 | 0.59 | 0.34 | 0.58 | 0.45 | 0.44 | 0.39 | 0.61 | 0.19 | 0.33 | 0.31 | 0.78 | -6.00 | -0.41 | 0.31 | 0.35 | 0.12 |
| EPS Diluted | 4.40 | 3.49 | 5.69 | 2.27 | 3.00 | 4.19 | 1.56 | 2.06 | 1.80 | 1.91 | 1.69 | 1.08 | 0.76 | 0.49 | -0.10 | 0.86 | 1.52 | 1.47 | 1.30 | 1.14 | 2.55 | 3.55 | 0.59 | 0.34 | 0.58 | 0.44 | 0.43 | 0.39 | 0.61 | 0.19 | 0.15 | 0.22 | 0.78 | -6.00 | -0.41 | 0.31 | 0.35 | 0.12 |
| Weighted Avg Shares Out | 61.11M | 63.45M | 47.54M | 50.51M | 49.30M | 31.57M | 31.42M | 30.28M | 28.94M | 27.85M | 26.69M | 26.32M | 25.82M | 22.97M | 18.63M | 18.47M | 18.97M | 19.90M | 20.38M | 21.46M | 23.31M | 27.26M | 28.79M | 32.09M | 33.98M | 36.94M | 37.56M | 41.69M | 44.02M | 43.16M | 19.39M | 15.48M | 14.55M | 14.24M | 13.90M | 13.55M | 13.56M | 12.16M |
| Weighted Avg Shares Out (Dil) | 61.22M | 63.66M | 47.70M | 50.55M | 49.55M | 32.17M | 32.30M | 31.09M | 29.76M | 28.21M | 26.83M | 26.37M | 26.15M | 23.36M | 19.29M | 18.87M | 19.55M | 20.71M | 21.48M | 22.79M | 24.71M | 28.49M | 29.12M | 32.09M | 34.18M | 37.50M | 38.14M | 42.41M | 44.02M | 43.93M | 19.39M | 15.48M | 14.55M | 14.24M | 13.90M | 13.55M | 13.56M | 12.16M |
WSFS Appoints New Chief Marketing Officer and Chief Community Impact Officer
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that accomplished financial marketing leader Lynn Hobson has joined WSFS as Chief Marketing Officer effective December 2, 2024. WSFS' former Chief Marketing Officer Justin Dunn has...
Bryn Mawr Trust Continues Adding Advisory Business Talent to Meet Growth Demands
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, is consistently adding new talent across several teams as it grows its advisory business and wealth management services. “Bryn Mawr Trust remains focused on growth and...
WSFS Financial Corporation (WSFS) Q3 2024 Earnings Call Transcript
WSFS Financial Corporation (NASDAQ:WSFS ) Q3 2024 Earnings Conference Call October 25, 2024 1:00 PM ET Company Participants Rodger Levenson - Chairman, President and Chief Executive Officer David Burg - Executive Vice President, Chief Financial Officer Steve Clark - Executive...
Compared to Estimates, WSFS (WSFS) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for WSFS (WSFS) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
WSFS Financial (WSFS) Matches Q3 Earnings Estimates
WSFS Financial (WSFS) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.23 per share a year ago.
Unlocking Q3 Potential of WSFS (WSFS): Exploring Wall Street Estimates for Key Metrics
Evaluate the expected performance of WSFS (WSFS) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Analysts Estimate WSFS Financial (WSFS) to Report a Decline in Earnings: What to Look Out for
WSFS (WSFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WSFS Financial Corporation Announces Third Quarter 2024 Earnings Release Date and Conference Call
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its third quarter earnings at the end of business Thursday, October 24, 2024. Management will conduct a conference call to review this information at...
WSFS Expands Private Banking Team with Hire of Andrea Kelly as Senior Vice President, Senior Private Banking Relationship Manager
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Andrea Kelly as Senior Vice President, Senior Private Banking Relationship Manager, reporting to Lisa Chorlton, Senior Vice President, Senior Private...
Regional Consumers' Spending and Saving Habits Remain Flexible in Challenging Economy, WSFS Bank's Annual Money Trends Survey Finds
WILMINGTON, Del.--(BUSINESS WIRE)--Thirty-eight percent of regional residents are spending more money now compared to last year, while only 28% are saving more, according to a Money Trends survey from WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS)....
Source: https://incomestatements.info
Category: Stock Reports
What drives WSFS’s fee revenue growth?
The outperformance in fee income was primarily attributed to two key segments: the Cash Connect business and wealth management. Looking ahead, WSFS Financial’s outlook for 2024 remains largely unchanged.