See more : Amniotics AB (publ) (AMNI.ST) Income Statement Analysis – Financial Results
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.
You may be interested
- Sunder Biomedical Tech. Co., Ltd. (4115.TWO) Income Statement Analysis – Financial Results
- Engage Mobility, Inc. (ENGA) Income Statement Analysis – Financial Results
- China Mobile Limited (0941.HK) Income Statement Analysis – Financial Results
- Investec plc (INVR.L) Income Statement Analysis – Financial Results
- AlzeCure Pharma AB (publ) (ALZCUR.ST) Income Statement Analysis – Financial Results
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 CARES Foundation Provides First Quarter Grants to Community Organizations in Delaware and Pennsylvania
WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to three community organizations located in Delaware and Pennsylvania as part of its continuing series of philanthropic activities by WSFS...
WSFS Names 13 Associates to Senior Leadership Positions
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced 13 Associates have been appointed Senior Vice President.
WSFS Names 13 Associates to Senior Leadership Positions
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that the following 13 Associates from across the organization have been appointed to Senior Vice President (SVP) positions: Brian Adelson – SVP, Director...
Potential Homebuyers Mixed on 2023 Plans as Many Remain Discouraged by Prices, Rates and Recession Concerns; Others Are Ready to Take Advantage of Less Competition, WSFS Mortgage Study Reveals
WILMINGTON, Del.--(BUSINESS WIRE)--Greater Philadelphia and Delaware region residents have mixed feelings about their ability to find, finance and afford a new home in the current economic climate, a new WSFS Mortgage Study found, with more than one-quarter (28%) discouraged from...
WSFS Management to Hold Meetings with Investors at the 2023 KBW Winter Financial Services Conference
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at the 2023 KBW Winter Financial Services Conference on February 16, 2023 in Boca Raton, Florida. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer,...
WSFS Announces Remaining Branch Network Decisions Resulting from its Combination with Bryn Mawr Trust
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) today announced the final network optimization plan associated with its combination with Bryn Mawr Trust, identifying the final four banking locations to be consolidated later this year.
WSFS Announces Remaining Branch Network Decisions Resulting from its Combination with Bryn Mawr Trust
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) today announced the final network optimization plan associated with its combination with Bryn Mawr Trust, identifying the final four banking locations to be consolidated later this year. “This completes our process to...
WSFS Announces Brionna Denby as Senior Vice President, General Counsel and Michael Dzielak as Senior Vice President, Director of Financial Crimes
WSFS Announces Brionna Denby as Senior Vice President, General Counsel and Michael Dzielak as Senior Vice President, Director of Financial Crimes
WSFS CARES Foundation Provided More Than $2.4 Million in Charitable Grants and Contributions in 2022
WILMINGTON, Del.--( BUSINESS WIRE )--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey and Pennsylvania in 2022.
WSFS Financial Corp (WSFS) Q4 2022 Earnings Call Transcript
WSFS Financial Corp (NASDAQ:WSFS ) Q4 2022 Earnings Conference Call January 27, 2023 1:00 PM ET Company Participants Dominic Canuso - EVP & CFO Rodger Levenson - Chairman, President & CEO Stephen Clark - Chief Commercial Banking Officer & EVP...
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.