WSFS Financial (US:WSFS) ZACKS·2024-07-26 00:35Core Insights - WSFS Financial reported revenue of $266.05 million for the quarter ended June 2024, reflecting a 7% increase year-over-year [5] - The company achieved an EPS of $1.08, down from $1.16 in the same quarter last year [5] - The reported revenue exceeded the Zacks Consensus Estimate of $254.54 million, resulting in a surprise of +4.52% [1] - The EPS also surpassed expectations with a surprise of +3.85%, against a consensus estimate of $1.04 [1] Financial Metrics - Net Interest Margin was reported at 3.9%, slightly above the average estimate of 3.8% from two analysts [3] - The Efficiency Ratio stood at 58.5%, better than the estimated 59% [3] - Net Interest Income was $174.45 million, slightly below the estimate of $174.89 million [3] - Total Non-Interest Income reached $91.60 million, exceeding the average estimate of $79.64 million [3] - Mortgage banking activities netted $2.22 million, outperforming the estimated $1.70 million [3] Stock Performance - Over the past month, WSFS shares have returned +23.7%, contrasting with a -0.3% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]