What is the revenue and EPS growth rate for WSFS Financial year over year?

What factors drove the changes in WSFS Financial's revenue and profit?

What guidance did WSFS Financial's management provide for the next earnings period?

What is the market's earnings forecast for WSFS Financial next quarter?

What is WSFS Financial's latest dividend and current dividend yield?

What does WSFS Financial do and what are its main business segments?

Did WSFS Financial beat or miss consensus estimates last quarter?

What were the key takeaways from WSFS Financial's earnings call?

- **Record Profit Growth**: Core EPS up 30% YoY, net income +21% YoY, CET1 at 14.39%.
- **Strong Asset Quality**: NPA down 30%, delinquencies -34%, charge-offs at 30bps.
- **Strategic Buybacks**: $56.3M returned Q3, targeting 12%+ CET1 with elevated buybacks.
- **Growth Drivers**: Wealth & Trust +13% YoY, mortgage +5% QoQ, consumer loans +3% QoQ.
- **Margin Resilience**: Hedging neutralizes 40% rate sensitivity, 43% deposit beta offsets cuts.

**【CFO Opening Remarks】**
- **Core EPS of $1.40**: Up 30% YoY, driven by 21% YoY net income growth and 12% YoY tangible book value increase.
- **Net Interest Margin (NIM)**: Expanded 2bps to 3.91%, benefiting from 4bps recovery from a nonperforming loan and 2bps deposit cost decline.
- **Fee Revenue**: Flat QoQ due to strategic exits (Wealth/Trust) but +5% ex-exits, with Capital Markets and Cash Connect leading growth.
- **Asset Quality**: Total net credit costs down $5.9M QoQ, NPA down 30%, delinquencies -34%, and charge-offs at 30bps.
- **Capital Returns**: $56.3M returned (1.5% buybacks), CET1 at 14.39%, targeting 12%+ buybacks over 2-3 years.

**【CFO Financial Commentary】**
- **Balance Sheet**: Loans -1% QoQ (excluding Upstart/Spring EQ runoff), deposits +1% QoQ, noninterest deposits +12% YoY.
- **Wealth & Trust**: +13% YoY AUM, institutional services +30% QoQ, BMT of Delaware +20% QoQ.
- **Mortgage Growth**: Residential +5% QoQ, consumer loans +3% QoQ.
- **Hedging Program**: $850M floor options in-the-money, neutralizing 40% of floating rate loans.

**【Q&A Highlights】**
- **Capital Strategy**: 100%+ net income buybacks for 2-3 years, CET1 target 12%+.
- **Asset Quality**: Disciplined underwriting, proactive client engagement, +$300M pipeline.
- **Cash Connect**: Rate cuts benefit margin ($300K/25bps), profit margin up to 10% vs. 6% prior.
- **Commercial Growth**: +5% QoQ pipeline, focused on profitable C&I originations.
- **Margin Management**: 43% deposit beta, hedging neutralizes 40% rate sensitivity.


WSFS Financial Corporation (WSFS) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WSFS

WSFS fundamentals

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