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Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
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Wsfs Financial
(NASDAQ:WSFS)
64Neutral
Wsfs Financial (WSFS) vs. S&P 500 (SPY)
Market Cap
$2.92B
Dividend Yield1.2%
Average Volume (3M)268.58K
Price to Earnings (P/E)11.3
Beta (1Y)1.40
Revenue Growth10.71%
EPS Growth0.54%
CountryUS
Employees2,229
SectorFinancial
Sector Strength77
IndustryBanking
Share Statistics
EPS (TTM)4.41
Shares Outstanding58,557,556
10 Day Avg. Volume332,758
30 Day Avg. Volume268,576
Financial Highlights & Ratios
PEG Ratio20.87
Price to Book (P/B)N/A
Price to Sales (P/S)2.97
Price to Cash Flow (P/CF)12.40
P/FCF Ratio5.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$62.50Price Target Upside23.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Wsfs Financial Business Overview & Revenue Model
Company DescriptionWSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. The Cash Connect segment offers ATM vault cash, cash safe, and other cash logistics services. The Wealth Management segment focuses in array of fiduciary, investment management, credit, and deposit products to clients. The company was founded in 1832 and is headquartered in Wilmington, DE.
How the Company Makes MoneyWSFS Financial Corporation generates revenue primarily through the traditional banking activities of its subsidiary, WSFS Bank. The company earns money through interest income from loans and investments, as well as fees and service charges associated with deposit accounts and other banking services. Additionally, WSFS Bank offers wealth management and trust services, which contribute to its revenue stream through advisory fees and asset management charges. The company also benefits from strategic partnerships and acquisitions that expand its market reach and service offerings, thus enhancing its ability to generate income.
Wsfs Financial Financial Statement Overview
Summary
WSFS Financial shows consistent revenue growth and strong net profit margins, indicating efficient cost management. The balance sheet is solid with low financial leverage, though there are potential liquidity management challenges. Strong historical free cash flow growth is noted, but recent data gaps limit a complete current assessment.Income Statement
WSFS Financial has shown a consistent revenue growth trajectory over the past years, with a notable increase in revenue from 2022 to 2023. The net profit margin is strong, indicating efficient cost management and profitability. However, the absence of gross profit and revenue data for 2024 hampers a full assessment of current performance.70
Positive
Balance Sheet
The company maintains a solid equity base with a low debt-to-equity ratio, indicating low financial leverage and reduced risk of insolvency. The equity ratio reflects a healthy level of stockholders' equity relative to total assets. However, fluctuations in cash and short-term investments suggest potential liquidity management challenges.75
Positive
Cash Flow
WSFS Financial has demonstrated a strong free cash flow growth rate in previous years, but the lack of current cash flow data limits our analysis. Despite this, historical operating cash flow to net income ratios highlight efficient cash generation relative to earnings. The inconsistency in free cash flow year over year suggests potential volatility in cash management.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.04B | 926.90M | 923.02M | 619.13M | 666.98M | Gross Profit |
| 1.04B | 1.27B | 923.02M | 619.13M | 666.98M | EBIT |
| -745.11M | 365.04M | 341.26M | 357.54M | 146.41M | EBITDA |
| 0.00 | 0.00 | 361.15M | 369.57M | 183.15M | Net Income Common Stockholders |
| 263.67M | 269.16M | 222.38M | 271.44M | 114.77M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.23B | 1.09B | 4.93B | 6.73B | 4.18B | Total Assets |
| 20.81B | 20.59B | 19.91B | 15.78B | 14.33B | Total Debt |
| 383.61M | 895.08M | 726.89M | 239.48M | 340.64M | Net Debt |
| -722.72M | -197.82M | -105.08M | -1.29B | -1.31B | Total Liabilities |
| 18.23B | 18.12B | 17.71B | 13.84B | 12.54B | Stockholders Equity |
| 2.59B | 2.48B | 2.21B | 1.94B | 1.79B |
| Cash Flow | Free Cash Flow | |||
| 205.64M | 230.60M | 472.05M | 119.07M | 7.98M | Operating Cash Flow |
| 219.90M | 237.00M | 480.85M | 125.65M | 15.14M | Investing Cash Flow |
| -66.73M | -326.26M | -137.37M | -1.49B | -874.94M | Financing Cash Flow |
| -91.25M | 344.90M | -1.04B | 1.24B | 1.94B |
Wsfs Financial Technical Analysis
Negative
50.57
Price Trends
54.16
Negative
54.75
Negative
52.04
Negative
Market Momentum
-1.26
Positive
35.49
Neutral
7.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSFS, the sentiment is Negative. The current price of 50.57 is below the 20-day moving average (MA) of 53.76, below the 50-day MA of 54.16, and below the 200-day MA of 52.04, indicating a bearish trend. The MACD of -1.26 indicates Positive momentum. The RSI at 35.49 is Neutral, neither overbought nor oversold. The STOCH value of 7.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WSFS.
Wsfs Financial Risk Analysis
Wsfs Financial disclosed 33 risk factors in its most recent earnings report. Wsfs Financial reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wsfs Financial Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $4.71B | 10.33 | 7.53% | 3.67% | 15.34% | -3.89% | |
74 Outperform | $2.39B | 11.82 | 27.24% | ― | 11.72% | 23.37% | |
72 Outperform | $1.52B | 9.48 | 10.44% | ― | -3.61% | -29.58% | |
64 Neutral | $2.92B | 11.32 | 10.41% | 1.20% | 10.71% | 0.54% | |
64 Neutral | $13.79B | 10.52 | 9.20% | 4.24% | 17.25% | -7.60% | |
62 Neutral | $3.14B | 11.10 | 9.69% | 4.00% | 21.10% | -4.20% |
* Financial Sector Average
Performance Comparison
WSFS
Wsfs Financial
50.57
8.26
19.52%
FNB
F.N.B.
13.26
0.19
1.45%
FULT
Fulton Financial
17.65
3.01
20.56%
SBNY
Signature Bank
1.00
-0.80
-44.44%
CUBI
Customers Bancorp
49.81
-2.11
-4.06%
TBBK
Bancorp
50.75
15.20
42.76%
Wsfs Financial Earnings Call Summary
Earnings Call Date: Jan 27, 2025 | % Change Since: -7.47% | Next Earnings Date: Apr 23, 2025
Earnings Call Sentiment Positive
The earnings call reflected a generally positive sentiment, with strong core earnings and growth in key areas such as Wealth & Trust and deposits. However, there were notable challenges, including the termination of a major client relationship and an increase in nonperforming assets. Despite these issues, the overall outlook for 2025 remains optimistic.Highlights
Strong Core Earnings and Growth
Fourth quarter 2024 core earnings per share of $1.11 with a core return on assets of 1.24% and core return on tangible common equity of 16.55%. Full year 2024 core earnings per share reached $4.39, with a core return on assets of 1.26% and core return on tangible common equity of 17.83%.
Record Fee Quarter in Wealth & Trust Business
WSFS delivered year-over-year core fee revenue growth of 7% in Q4, powered by the Wealth & Trust business, which had a record fee quarter of $40 million on double-digit growth.
Deposit Growth and Strong Liquidity Position
Customer deposits grew 4% linked quarter driven by broad-based growth across business lines. Noninterest-bearing deposits grew 6% linked quarter, comprising 31% of average deposits in Q4. Loyalty deposit ratio finished at 77%.
Positive Outlook for 2025
Expectations for another year of high performance and growth with mid-single-digit loan growth in Commercial portfolio and continued broad-based deposit growth.
Lowlights
Termination of Long-standing Client Relationship
Termination of a relationship with a long-standing Cash Connect client due to adverse events, resulting in a negative $4.7 million pre-tax impact to financials.
Loans Decline
Loans declined 1% linked quarter, driven by higher seasonal payoffs and business sales.
Increase in Nonperforming Assets
Nonperforming assets increased quarter-over-quarter due to the migration of one relationship with two loans, although believed to be well collateralized.
Company Guidance
During the WSFS Financial Corporation Fourth Quarter 2024 earnings call, Chief Financial Officer David Burg provided comprehensive guidance for 2025. The company expects a full year core return on assets of approximately 1.25%, with mid-single-digit loan growth in the Commercial portfolio and flat growth in the Consumer portfolio due to the runoff of specific partnership portfolios. WSFS anticipates deposit growth in the low-single-digits and expects the net interest margin to remain around 3.80%, incorporating an anticipated 25 basis point rate cut in June. The company also projects an efficiency ratio of 60% for the year. Fee revenue is expected to grow mid-single-digits, driven by double-digit growth in the Wealth & Trust business, despite a decline in Cash Connect revenues. Net charge-offs are projected to be between 35 to 45 basis points of average loans for the year. Overall, WSFS remains committed to high performance and growth, focusing on optimizing investments and managing expenses prudently.Wsfs Financial Corporate Events
Financial Disclosures
WSFS Financial Reports Strong 2024 Financial Performance
Positive
Jan 27, 2025
WSFS Financial Corporation reported its financial results for the full year and fourth quarter of 2024, highlighting several key performance metrics. The company achieved a quarterly EPS of $1.09 and a full-year EPS of $4.41, with a return on assets of 1.27% for the year. Notably, WSFS experienced strong deposit growth and record revenue in its wealth and trust segments, underscoring its robust financial health and strategic focus. The announcement indicates a positive trajectory for WSFS, with implications for continued stakeholder confidence and competitive industry positioning.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.