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Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
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Wsfs Financial
(NASDAQ:WSFS)
Rating:72Outperform
Price Target:―
Wsfs Financial (WSFS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.01B
Dividend Yield1.13%
Average Volume (3M)337.14K
Price to Earnings (P/E)11.9
Beta (1Y)1.13
Revenue Growth5.14%
EPS GrowthN/A
CountryUS
Employees2,336
SectorFinancial
Sector Strength81
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.13
Shares Outstanding56,776,993
10 Day Avg. Volume354,766
30 Day Avg. Volume337,145
Financial Highlights & Ratios
PEG Ratio17.53
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio12.22
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue0.45
Enterprise Value/Gross Profit1.79
Enterprise Value/Ebitda2.34
Forecast
1Y Price Target
$61.00Price Target Upside15.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Wsfs Financial Business Overview & Revenue Model
Company DescriptionWSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit, and government-insured reverse mortgages. In addition, it offers various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; investment advisory services to high net worth individuals and institutions; mortgage and title services; and leases small equipment and fixed assets, as well as cash management, trust, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, ATM processing equipment sales, and deposit safe cash logistics services. As of December 31, 2020, it operated 112 offices, including 52 in Pennsylvania, 42 in Delaware, 16 in New Jersey, 1 in Virginia, and 1 in Nevada. The company was founded in 1832 and is headquartered in Wilmington, Delaware.
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 exhibits strong profitability and low leverage, indicative of solid financial health. However, the absence of 2024 data for income and cash flow restricts a complete current performance evaluation.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 |
| 341.43M | 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 |
| -769.51M | -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
Neutral
52.76
Price Trends
51.33
Positive
52.66
Positive
52.81
Positive
Market Momentum
0.94
Positive
50.56
Neutral
19.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSFS, the sentiment is Neutral. The current price of 52.76 is below the 20-day moving average (MA) of 53.45, above the 50-day MA of 51.33, and below the 200-day MA of 52.81, indicating a neutral trend. The MACD of 0.94 indicates Positive momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 19.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.01B | 11.90 | 10.25% | 1.13% | 5.14% | ― | |
72 Outperform | $2.96B | 15.55 | 10.91% | 3.27% | 14.34% | 12.98% | |
71 Outperform | $3.30B | 10.82 | 7.83% | 2.53% | 13.04% | 31.39% | |
70 Outperform | $3.14B | 10.14 | 10.60% | 4.05% | 21.38% | 5.62% | |
69 Neutral | $3.02B | 10.89 | 10.07% | 3.11% | 2.76% | -12.43% | |
66 Neutral | $2.97B | 12.85 | 9.11% | 4.42% | -0.47% | 5.97% | |
64 Neutral | $12.66B | 9.79 | 7.67% | 17015.07% | 12.23% | -6.06% |
* Financial Sector Average
Performance Comparison
WSFS
Wsfs Financial
52.76
9.29
21.37%
CATY
Cathay General Bancorp
42.85
7.72
21.98%
CBU
Community Bank System
56.03
11.09
24.68%
FULT
Fulton Financial
17.16
1.04
6.45%
RNST
Renasant
34.70
5.21
17.67%
FHB
First Hawaiian
23.60
3.85
19.49%
Wsfs Financial Earnings Call Summary
Earnings Call Date:Apr 24, 2025
(Q1-2025)
| % Change Since: 1.50%|
Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment Neutral
WSFS Financial Corporation reported a strong financial performance for the first quarter of 2025 with improvements in key metrics such as net interest margin and core fee revenue. However, challenges such as increased credit costs, charge-offs, and macroeconomic uncertainty impacting loan growth were noted. The overall sentiment is balanced with significant positive achievements offset by notable challenges.Q1-2025 Updates
Positive Updates
Strong First Quarter Financial Performance
WSFS reported a core earnings per share of $1.13, core ROA of 1.29%, core PPNR of $104.6 million, and core return on tangible common equity of 16.97%, all improvements from the prior quarter.
Expansion of Net Interest Margin
Core net interest margin expanded by 8 basis points to 3.88% despite a 100 basis point interest rate cut.
Growth in Core Fee Revenue
Core fee revenue grew 6% year-over-year, driven by a 19% increase in Wealth and Trust revenue.
Strong Capital Returns
WSFS returned $62.6 million of capital in the first quarter, including $53.8 million in buybacks and $8.8 million in dividends. They also announced a 13% increase in the quarterly dividend.
Improved Efficiency
The core efficiency ratio was 59% as expenses declined by 9% quarter-over-quarter.
Negative Updates
Increased Credit Costs and Charge-Offs
Total net credit costs were $17.6 million, an increase of $8.9 million from the previous quarter, driven by a $15.9 million charge-off of a non-performing loan.
Decline in Gross Loans and Client Deposits
Gross loans were down less than 1% linked quarter, while client deposits declined 1% linked quarter, primarily due to seasonality and expected outflows in trust.
Macroeconomic Uncertainty Impacting Loan Growth
Commercial loan originations were muted as clients postponed investments due to macroeconomic uncertainty.
Company Guidance
During the WSFS Financial Corporation First Quarter 2025 Earnings Call, guidance indicated promising financial performance with several key metrics reflecting improvement. Core earnings per share were reported at $1.13, while the core return on assets (ROA) stood at 1.29%, and core pre-provision net revenue (PPNR) reached $104.6 million. The core return on tangible common equity was recorded at 16.97%. There was an 8 basis point expansion in core net interest margin to 3.88%, alongside a 15 basis point reduction in total funding cost to 1.77%. The company achieved a 6% year-over-year growth in core fee revenue, driven by a 19% increase from Wealth and Trust. Additionally, institutional services and Bryn Mawr Trust Company of Delaware exhibited strong growth. The core efficiency ratio improved to 59% due to a 9% quarter-over-quarter decline in expenses, influenced by seasonal factors and one-time items. Gross loans decreased by less than 1% quarter-over-quarter, while client deposits declined 1% primarily due to seasonality. Despite these drops, client deposits experienced a 4% year-over-year increase. Total net credit costs were $17.6 million with net charge-offs at $24.6 million, due to a significant charge-off related to a non-performing loan acquired through the Bryn Mawr Trust acquisition. The company’s capital ratios remained robust with a CET1 of 14.1% and a TCE of 8.63%. WSFS returned $62.6 million of capital, including $53.8 million in buybacks, and announced a 13% increase in the quarterly dividend, along with a new share repurchase authorization amounting to 14% of outstanding shares. The company plans to target a CET1 ratio of 12% in the medium term, with a gradual multi-year approach.Wsfs Financial Corporate Events
Stock BuybackDividendsFinancial Disclosures
WSFS Financial Reports Strong Q1 2025 Results
Positive
Apr 24, 2025
WSFS Financial Corporation reported its financial results for the first quarter of 2025, showing an earnings per share of $1.12 and a return on assets of 1.29%. The company announced a 13% increase in dividends and authorized an additional 10% share repurchase. Despite economic uncertainties, WSFS maintained strong performance with a net interest margin of 3.88% and a 6% growth in core fee revenue, driven by its Wealth and Trust segment.
Spark’s Take on WSFS Stock
According to Spark, TipRanks’ AI Analyst, WSFS is a Outperform.
WSFS Financial’s overall score reflects its strong financial health and optimistic future guidance. Key strengths include solid profitability, low leverage, and a potentially undervalued stock. However, technical analysis indicates a bearish trend, and some challenges in client relationships and asset quality were noted.
To see Spark’s full report on WSFS stock, click here.
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.