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WSFS Financial Corp (WSFS.OQ)

WSFS.OQ on NASDAQ Stock Exchange Global Select Market

50.45USD
23 Apr 2018
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$0.85 (+1.71%)
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Latest Key Developments (Source: Significant Developments)

Wsfs Financial Q4 Loss Per Share $0.02
Monday, 22 Jan 2018 04:05pm EST 

Jan 22 (Reuters) - Wsfs Financial Corp ::WSFS REPORTS 4Q 2017 AND FULL YEAR 2017 RESULTS; 11% INCREASE IN NET REVENUE OVER 4Q 2016 DRIVEN BY OVER 10% ORGANIC GROWTH IN LOANS, DEPOSITS AND FEE INCOME, AND CONTINUED IMPROVEMENTS IN NET INTEREST MARGIN; RESULTS IMPACTED BY ACTIONS RELATED TO RECENT.Q4 CORE EARNINGS PER SHARE $0.71.Q4 LOSS PER SHARE $0.02.Q4 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME WAS $57.7 MILLION, AN INCREASE OF $4.8 MILLION, OR 9% FROM 4Q 2016.RECORDED A $12.8 MILLION INCOME TAX CHARGE, OR $0.40 PER SHARE, IN Q4 UPON REVALUING COMPANY'S DEFERRED TAX ASSET AT DEC 31, 2017.  Full Article

WSFS Announces Actions Related To The Tax Cuts And Jobs Act Of 2017
Thursday, 4 Jan 2018 04:44pm EST 

Jan 4 (Reuters) - WSFS Financial Corp ::WSFS ANNOUNCES ACTIONS RELATED TO THE TAX CUTS AND JOBS ACT OF 2017, AND OTHER YEAR-END NOTEWORTHY ITEMS.WSFS FINANCIAL - ESTIMATES REVALUATION OF DTA WILL RESULT IN INCREMENTAL INCOME TAX CHARGE OF ABOUT $12 - $13 MILLION IN Q4.WSFS FINANCIAL CORP - ANTICIPATES A NEGATIVE EARNINGS PER SHARE IMPACT OF ABOUT $0.37 TO $0.40 IN Q4 RESULTING FROM INCOME TAX CHARGE.WSFS FINANCIAL CORP - CO WILL SURRENDER ALL BANK-OWNED LIFE INSURANCE POLICIES IN 2018.WSFS FINANCIAL CORP - DECISION TO SURRENDER BOLI POLICIES WILL RESULT IN AN INCREMENTAL INCOME TAX CHARGE OF APPROXIMATELY $8 MILLION IN Q4 2017.WSFS FINANCIAL CORP - COMPANY ANTICIPATES AN IMPACT ON EPS IN Q4 OF APPROXIMATELY $0.25 RESULTING FROM THE $8 MILLION INCOME TAX CHARGE.  Full Article

WSFS and SoFi Strike Agreement on New Cash Management Account
Thursday, 7 Dec 2017 11:40am EST 

Dec 7 (Reuters) - WSFS Financial Corp ::WSFS AND SOFI STRIKE AGREEMENT ON NEW CASH MANAGEMENT ACCOUNT.SAYS ENTERED 2-YEAR PARTNERSHIP TO PROVIDE PAYMENT PROCESSING, DEBIT CARD SPONSORSHIP SERVICES FOR NEW CASH MANAGEMENT ACCOUNT BY SOFI SECURITIES.  Full Article

WSFS Financial reports Q3 core earnings per share $0.64
Monday, 23 Oct 2017 05:25pm EDT 

Oct 24 (Reuters) - WSFS Financial Corp :WSFS reports 3Q 2017 EPS of $0.64 and ROA of 1.20 pct; net revenue improves 16 pct over 3Q 2016, driven by strong growth across loans, deposits, net interest margin and fee income; quarterly cash dividend increases 29 pct to $0.09 per share.Q3 core earnings per share $0.64.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.64.WSFS Financial Corp qtrly ‍net interest income was $56.1 million, an increase of $7.1 million, or 14 pct from 3Q 2016​.  Full Article

WSFS Financial called $55 mln senior debt with 6.25 pct​ coupon rate
Friday, 1 Sep 2017 09:06am EDT 

Sept 1 (Reuters) - WSFS Financial Corp :WSFS Financial Corp - ‍announced that it has called $55.0 million of senior debt with a coupon rate of 6.25%.​.WSFS Financial-‍debt repaid using portion of proceeds from june 2016 public offering of $100 million of 4.50% fixed-to-floating rate senior notes due 2026​.  Full Article

WSFS Financial Corp sees for FY 2017 mid-to-high single digit loan and core deposit growth - SEC filing‍​
Friday, 4 Aug 2017 05:07pm EDT 

Aug 4 (Reuters) - WSFS Financial Corp :WSFS Financial Corp sees for FY2017 mid-to-high single digit loan and core deposit growth - SEC filing‍​.WSFS Financial Corp sees for FY2017 net interest margin in mid 3.90 pcts.WSFS Financial Corp sees for FY 2017 total credit costs between $12 million to $14 million.  Full Article

WSFS elects Mark Turner chairman of the board of directors
Thursday, 3 Aug 2017 04:30pm EDT 

Aug 3 (Reuters) - WSFS Financial Corp -:WSFS announces Mark A. Turner elected chairman of the board of directors and rodger levenson promoted to chief operating officer.WSFS Financial Corp - Marvin N. Schoenhals decided to step aside as chairman of board of directors of WSFS Financial Corporation​.  Full Article

WSFS Financial Q2 core earnings per share $0.63
Thursday, 27 Jul 2017 04:12pm EDT 

July 27 (Reuters) - Wsfs Financial Corp ::Wsfs reports 2q 2017 eps of $0.64, a 10% increase over 2q 2016; net revenue improves 20% over 2q 2016, driven by strong organic and acquisition growth in loans, deposits, and fee income.Q2 core earnings per share $0.63.Q2 earnings per share $0.64.Q2 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Wsfs financial corp - ‍qtrly net interest income was $54.3 million, an increase of $7.9 million, or 17% from 2q 2016​.Qtrly core net revenue increased $13.9 million, or 19.5% from 2q 2016.  Full Article

WSFS Financial - acting U.S. Attorney for district of Delaware announces WSFS customer, was charged by Federal grand jury on June 15
Monday, 26 Jun 2017 05:46pm EDT 

June 26 (Reuters) - WSFS Financial Corp ::WSFS Financial - acting u.s. Attorney for district of Delaware announced that wsfs customer, zahid aslam, was charged by federal grand jury on june 15.WSFS Financial - customer was charged in 3-count indictment with conspiracy to commit bank fraud & making false statements on loan applications to wsfs.WSFS Financial - charges filed against tae kim, wsfs associate from 2013 to 2016 who was relationship manager for aslam, with whom he is charged with conspiring.WSFS Financial - WSFS conducted investigation into matter, which included complete review of all loans originated by kim while he was employed.Wsfs financial - as of may 31, wsfs' total exposure to customer in question was $4.8 million, which includes a $1.7 million exposure to an alleged nominee borrower.Wsfs financial corp - to date, investigation has determined that loan fraud scheme was isolated to kim's dealings with aslam - sec filing.Wsfs financial corp - currently does not expect that this matter will have a material adverse effect on company.Wsfs financial corp - to date, investigation determined loans were used to finance aslam's purchase of existing and ongoing medical businesses.  Full Article

WSFS Financial reports Q1 earnings per share $0.59
Thursday, 27 Apr 2017 04:05pm EDT 

April 27 (Reuters) - WSFS Financial Corp :WSFS reports 1Q 2017 EPS of $0.59, a 13 percent increase over 1Q 2016; net revenue improves 18 percent over 1Q 2016 driven by strong organic and acquisition growth in loans, deposits, and fee income.Q1 core earnings per share $0.59.Q1 earnings per share $0.59.Net interest income for 1Q 2017 was $53.1 million, an increase of $7.7 million, or 17 percent compared to 1Q 2016.  Full Article

BRIEF-WSFS Financial Corp Q1 Earnings Per Share $1.16

* WSFS REPORTS NET INCOME OF $37.4 MILLION AND 1Q 2018 EPS OF $1.16. RESULTS POSITIVELY IMPACTED BY A $15.3 MILLION PRE-TAX VALUATION GAIN ON VISA CLASS B SHARES AND A $1.7 MILLION FRAUD RECOVERY. STRONG OPERATING RESULTS INCLUDE A NET INTEREST MARGIN OF 4.