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Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.04Last Year’s EPS
1.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 2.80%
|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.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.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.
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WSFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $54.65 | $55.38 | +1.34% |
| Oct 24, 2024 | $50.47 | $48.84 | -3.23% |
| Jul 25, 2024 | $56.62 | $56.40 | -0.39% |
| Apr 25, 2024 | $44.02 | $42.36 | -3.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wsfs Financial Corp. (WSFS) report earnings?
Wsfs Financial Corp. (WSFS) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Wsfs Financial Corp. (WSFS) earnings time?
Wsfs Financial Corp. (WSFS) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSFS EPS forecast?
WSFS EPS forecast for the fiscal quarter 2025 (Q1) is 1.04.
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