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WSFS Financial Corp (WSFS.OQ)

WSFS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

WSFS Financial Says Mark Turner, Chairman, President And Ceo, Will Become Executive Chairman Of Board Of Directors
Wednesday, 11 Jul 2018 

July 11 (Reuters) - WSFS Financial Corp ::WSFS ANNOUNCES LEADERSHIP SUCCESSION PLAN: MARK A. TURNER TO BE ELEVATED TO EXECUTIVE CHAIRMAN OF THE BOARD, RODGER LEVENSON TO BE NAMED PRESIDENT AND CEO.WSFS FINANCIAL CORP - EFFECTIVE JANUARY 1, 2019, MARK A. TURNER, CHAIRMAN, PRESIDENT AND CEO, WILL BECOME EXECUTIVE CHAIRMAN OF BOARD OF DIRECTORS.  Full Article

WSFS Financial Corp Q1 Earnings Per Share $1.16
Monday, 23 Apr 2018 

April 23 (Reuters) - WSFS Financial Corp ::WSFS REPORTS NET INCOME OF $37.4 MILLION AND 1Q 2018 EPS OF $1.16. RESULTS POSITIVELY IMPACTED BY A $15.3 MILLION PRE-TAX VALUATION GAIN ON VISA CLASS B SHARES AND A $1.7 MILLION FRAUD RECOVERY. STRONG OPERATING RESULTS INCLUDE A NET INTEREST MARGIN OF 4..Q1 EARNINGS PER SHARE $1.16.Q1 EARNINGS PER SHARE VIEW $0.76 -- THOMSON REUTERS I/B/E/S.Q1 CORE EARNINGS PER SHARE $0.76.  Full Article

WSFS Announces Actions Related To The Tax Cuts And Jobs Act Of 2017
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - WSFS Financial Corp ::WSFS ANNOUNCES ACTIONS RELATED TO THE TAX CUTS AND JOBS ACT OF 2017, AND OTHER YEAR-END NOTEWORTHY ITEMS.WSFS FINANCIAL - ESTIMATES REVALUATION OF DTA WILL RESULT IN INCREMENTAL INCOME TAX CHARGE OF ABOUT $12 - $13 MILLION IN Q4.WSFS FINANCIAL CORP - ANTICIPATES A NEGATIVE EARNINGS PER SHARE IMPACT OF ABOUT $0.37 TO $0.40 IN Q4 RESULTING FROM INCOME TAX CHARGE.WSFS FINANCIAL CORP - CO WILL SURRENDER ALL BANK-OWNED LIFE INSURANCE POLICIES IN 2018.WSFS FINANCIAL CORP - DECISION TO SURRENDER BOLI POLICIES WILL RESULT IN AN INCREMENTAL INCOME TAX CHARGE OF APPROXIMATELY $8 MILLION IN Q4 2017.WSFS FINANCIAL CORP - COMPANY ANTICIPATES AN IMPACT ON EPS IN Q4 OF APPROXIMATELY $0.25 RESULTING FROM THE $8 MILLION INCOME TAX CHARGE.  Full Article

WSFS and SoFi Strike Agreement on New Cash Management Account
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - WSFS Financial Corp ::WSFS AND SOFI STRIKE AGREEMENT ON NEW CASH MANAGEMENT ACCOUNT.SAYS ENTERED 2-YEAR PARTNERSHIP TO PROVIDE PAYMENT PROCESSING, DEBIT CARD SPONSORSHIP SERVICES FOR NEW CASH MANAGEMENT ACCOUNT BY SOFI SECURITIES.  Full Article

WSFS Financial reports Q3 core earnings per share $0.64
Monday, 23 Oct 2017 

Oct 24 (Reuters) - WSFS Financial Corp :WSFS reports 3Q 2017 EPS of $0.64 and ROA of 1.20 pct; net revenue improves 16 pct over 3Q 2016, driven by strong growth across loans, deposits, net interest margin and fee income; quarterly cash dividend increases 29 pct to $0.09 per share.Q3 core earnings per share $0.64.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.64.WSFS Financial Corp qtrly ‍net interest income was $56.1 million, an increase of $7.1 million, or 14 pct from 3Q 2016​.  Full Article

WSFS Financial announces deal with Powdermill Financial Solutions
Wednesday, 3 Aug 2016 

WSFS Financial Corp : Powdermill Financial will be a subsidiary of WSFS Financial and members of Powdermill team will become WSFS associates . Deal will be immediately accretive to eps and roa .Company will continue to operate as Powdermill Financial Solutions.  Full Article

WSFS reports qtrly EPS of $0.58
Thursday, 28 Jul 2016 

WSFS Financial Corp : Wsfs Financial Corp qtrly net revenues of $71.3 million, or an increase of $9.7 million over last year . Wsfs Financial Corp says net interest income for q2 of 2016 was $46.4 million, an increase of $7.3 million, or 19% compared to q2 of 2015 . Wsfs reports EPS of $0.58, a 35% increase over the 2nd quarter of 2015; and ROA of 1.23%, roe of 11.6% and ROTCE of 14.0% for the 2nd quarter of 2016; all driven by strong growth in revenue . Wsfs Financial Corp qtrly diluted earnings per share $0.58 .Wsfs Financial Corp says "in august we expect to complete our previously announced merger with Penn Liberty Bank in southeastern Pennsylvania".  Full Article

BRIEF-WSFS Financial Corp Q1 Earnings Per Share $1.16

* WSFS REPORTS NET INCOME OF $37.4 MILLION AND 1Q 2018 EPS OF $1.16. RESULTS POSITIVELY IMPACTED BY A $15.3 MILLION PRE-TAX VALUATION GAIN ON VISA CLASS B SHARES AND A $1.7 MILLION FRAUD RECOVERY. STRONG OPERATING RESULTS INCLUDE A NET INTEREST MARGIN OF 4.