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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 Announces Market Expansion for Bryn Mawr Capital Management
WILMINGTON, Del.--(BUSINESS WIRE)--Bryn Mawr Capital Management, a subsidiary of WSFS Financial Corporation (NASDAQ: WSFS), today announced its expansion into southern Delaware and the establishment of a new presence in Boca Raton, Florida, after closing on an asset purchase agreement with...
WSFS (WSFS) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for WSFS (WSFS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
WSFS Financial (WSFS) Surpasses Q2 Earnings and Revenue Estimates
WSFS Financial (WSFS) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.02 per share a year ago.
WSFS Reports 2Q 2023 EPS of $1.12 and ROA of 1.36%; Results Reflect Solid Loan and Deposit Growth, NIM of 4.11%; Diversified Fee Revenue Increase of 6% From 1Q 2023
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2023. Selected financial results and metrics are as follows: (Dollars in millions, except per share data) ...
WSFS Financial (WSFS) Reports Next Week: Wall Street Expects Earnings Growth
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 Second Quarter 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 first quarter earnings at the end of business Monday, July 24, 2023. Management will conduct a conference call to review this information at...
WSFS CARES Foundation Provides Second Quarter Grants to 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 two organizations.
WSFS Bank and Philadelphia Union Launch Co-Branded Debit Card
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), and the Philadelphia Union today announced the launch of a co-branded debit card. As the official bank and community supporter of the Philadelphia Union and Subaru Park,...
WSFS Bank and Philadelphia Union Launch Co-Branded Debit Card
WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), and the Philadelphia Union today announced the launch of a co-branded debit card. As the official bank and community supporter of the Philadelphia Union and Subaru Park,...
WSFS Financial (WSFS) Misses Q1 Earnings and Revenue Estimates
WSFS Financial (WSFS) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $0.66 per share a year ago.
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.