WSFS Financial (WSFS)

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WSFS Financial (WSFS) - 2021 Q2 - Earnings Call Presentation
2021-07-23 17:45
WSFS Financial Corporation 1 2Q 2021 Investor Update July 2021 WSFS bank We Stand For Service Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as i ...
WSFS Financial (WSFS) - 2021 Q1 - Quarterly Report
2021-05-07 20:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other juri ...
WSFS Financial (WSFS) - 2021 Q1 - Earnings Call Presentation
2021-04-23 19:26
Financial Highlights - The company's core Return on Average Assets (ROA) was 189%, an increase from 167% in 4Q 2020[19] - Net credit costs (recoveries) amounted to ($190) million, while net charge-offs were $38 million, representing 018% of average gross loans[19] - The Allowance for Credit Losses (ACL) coverage ratio stood at 251%, excluding PPP loans as of March 31, 2021[19] - Core fee revenue accounted for 293% of total core net revenue[19] Loan and Deposit Portfolio - Commercial run-off portfolios acquired from Beneficial Bancorp Inc decreased to $55 million[22] - Total core deposits increased by $646 million, representing a 25% growth, and $2973 billion, representing a 36% growth year-over-year[24] - Noninterest demand deposits increased by $443 million, representing a 53% growth, and $1543 billion, representing a 67% growth year-over-year[24] Net Interest Margin (NIM) - The Net Interest Margin (NIM) was 359%[19] - Negative excess liquidity impacted NIM by 039%[29] Strategic Initiatives and Outlook - The company supported nearly $300 million in second-round PPP loans to over 1,800 customers[19] - The Board of Directors approved an 8% increase in the quarterly cash dividend, setting it at $013 per share, and repurchased 267,309 shares, totaling $120 million[19] - The company announced an agreement to acquire Bryn Mawr Bank Corporation, with the transaction expected to close in early 4Q 2021[19]
WSFS Financial (WSFS) - 2021 Q1 - Earnings Call Transcript
2021-04-23 18:44
WSFS Financial Corporation (NASDAQ:WSFS) Q1 2021 Earnings Conference Call April 23, 2021 1:00 PM ET Corporate Participants Dominic Canuso - Chief Financial Officer Steve Clark - Chief Commercial Officer Conference Call Participants Michael Perito - KBW Brody Preston - Stephens Operator Thank you for standing by, and welcome to the WSFS Financial Corporation First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation there will be a question-an ...
WSFS Financial (WSFS) - 2020 Q4 - Annual Report
2021-03-01 21:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35638 WSFS FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 22-2866913 (State or other Jurisdict ...
WSFS Financial (WSFS) - 2020 Q4 - Earnings Call Presentation
2021-01-29 14:22
WSFS Financial Corporation 1 4Q 2020 Earnings Supplement1 January 25, 2021 WS = 5 bank We Stand For Service 1 4Q 2020 Earnings Release Supplement is for the purpose and use in conjunction with our Earnings Release furnished as Exhibit 99.1 to our Form 8-K on January 25, 2021 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litiga ...
WSFS Financial (WSFS) - 2020 Q4 - Earnings Call Transcript
2021-01-26 21:28
WSFS Financial Corporation (NASDAQ:WSFS) Q4 2020 Earnings Conference Call January 26, 2021 1:00 PM ET Company Participants Dominic Canuso - CFO Rodger Levenson - Chairman, President and CEO Arthur Bacci - Chief Wealth Officer Steve Clark - Chief Commercial Officer Rick Wright - Chief Retail Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Erik Zwick - Boenning & Scattergood Russell Gunther - Davidson Brody Preston - Stephens Inc. Operator Ladies and gentlemen ...
WSFS Financial (WSFS) - 2020 Q3 - Quarterly Report
2020-11-04 21:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other ...
WSFS Financial (WSFS) - 2020 Q2 - Quarterly Report
2020-08-10 15:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other juris ...
WSFS Financial (WSFS) - 2020 Q1 - Quarterly Report
2020-05-08 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other juri ...