Wed, May 7, 4:53 PM (8 days ago)
### WSFS Financial Corporation (WSFS) Q1 2025 Financial Summary **Ticker:** WSFS **Q1 2025 Performance:** - **Revenue:** $256.1 million - **Net Income:** $65.9 million - **Earnings per Share (EPS):** $1.12 - **Return on Assets (ROA):** 1.29% - **Net Interest Margin:** 3.88% - **Noninterest Income:** $80.9 million - **Noninterest Expense:** $151.8 million - **Provision for Credit Losses:** $17.4 million - **Dividend:** $0.17 per share - **Share Repurchase:** $53.8 million **Key Financial Metrics:** - **Total Assets:** $20.5 billion - **Total Loans and Leases:** $12.7 billion - **Total Deposits:** $16.9 billion - **Total Equity:** $2.7 billion - **Common Equity Tier 1 Capital:** 14.12% - **Total Risk-Based Capital:** 15.36% **Segment Performance:** - **WSFS Bank:** Strong commercial and consumer lending, funded by client-generated deposits. - **Cash Connect®:** Provides ATM vault cash and smart safe services. - **Wealth and Trust:** Offers planning, advisory services, investment management, and trust services. **Operational Highlights:** - Completed the redemption of $70.0 million of fixed-to-floating rate subordinated notes. - Approved a 13% increase in the quarterly cash dividend to $0.17 per share. - Repurchased 1,027,214 shares of common stock under the share repurchase program. - Maintained well-capitalized status across all regulatory measures. **Future Outlook:** - Focus on stellar client experience and community banking. - Continued growth and leadership in the Greater Philadelphia and Delaware region. - Strategic growth plans and potential acquisitions. **Risks and Uncertainties:** - Economic conditions and interest rate movements. - Credit risk and loan performance. - Regulatory changes and compliance costs. - Technological and operational risks. **Conclusion:** WSFS Financial Corporation delivered a strong Q1 2025, with robust financial performance and strategic initiatives to drive future growth. The company's focus on client service, community banking, and strategic investments positions it well for continued success. However, it faces challenges from economic uncertainties and regulatory changes, which it aims to mitigate through prudent risk management and operational excellence.