WSFS Financial reports Q1 core EPS $1.13, consensus $1.04

Reports Q1 revenue $256.1M, consensus $234.25M. Rodger Levenson, Chairman, CEO and President, said, “Despite uncertain economic conditions, WSFS continued to perform well in the first quarter with a core EPS of $1.13 and a core ROA of 1.29%. These results were driven by the net interest margin of 3.88%, which expanded 8bps from the previous quarter. Loans and deposits were essentially flat, reflecting expected seasonal activity and overall caution from Clients.”