Edition:
United Kingdom

WSFS Financial Corp (WSFS.OQ)

WSFS.OQ on NASDAQ Stock Exchange Global Select Market

42.77USD
15 Feb 2019
Change (% chg)

-- (--)
Prev Close
$42.77
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
73,385
52-wk High
$57.60
52-wk Low
$36.16

Latest Key Developments (Source: Significant Developments)

WSFS Bank And Beneficial Bank Agree To Sell Five New Jersey Retail Banking Offices To The Bank Of Princeton
Monday, 4 Feb 2019 

Feb 4 (Reuters) - WSFS FINANCIAL ::WSFS FINANCIAL - BENEFICIAL BANK TO SELL 5 NJ BANKING OFFICES WITH ABOUT $190 MILLION OF DEPOSITS TO BANK OF PRINCETON .WSFS BANK AND BENEFICIAL BANK AGREE TO SELL FIVE NEW JERSEY RETAIL BANKING OFFICES TO THE BANK OF PRINCETON.  Full Article

WSFS Financial Corp Receives Stockholder Approval To Combine With Beneficial Bancorp
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - WSFS Financial Corp ::PRESS RELEASE - WSFS FINANCIAL CORPORATION RECEIVES STOCKHOLDER APPROVAL TO COMBINE WITH BENEFICIAL BANCORP.WSFS FINANCIAL CORP - CO, BENEFICIAL BANCORP EXPECT TO CLOSE MERGER IN Q1 OF 2019.  Full Article

WSFS Q3 Core Earnings Per Share $0.96
Monday, 22 Oct 2018 

Oct 22 (Reuters) - WSFS Financial Corp ::WSFS REPORTS 3Q 2018 EPS OF $1.20; OPERATING RESULTS DRIVEN BY POSITIVE OPERATING LEVERAGE; INCLUDING A 4.11% NET INTEREST MARGIN, STRONG FEE INCOME GROWTH, AND DISCIPLINED COST MANAGEMENT.Q3 CORE EARNINGS PER SHARE $0.96.Q3 EARNINGS PER SHARE $1.20.Q3 EARNINGS PER SHARE VIEW $0.92 -- THOMSON REUTERS I/B/E/S.SAYS NET INTEREST INCOME FOR 3Q 2018 WAS $63.1 MILLION, AN INCREASE OF $7.0 MILLION, OR 12%, COMPARED TO 3Q 2017..  Full Article

$52.5 Mln Termination Fee Payable By WSFS/Beneficial, If Deal Terminated
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - WSFS Financial ::WSFS FINANCIAL - TERMINATION FEE OF $52.5 MILLION TO BE PAYABLE BY CO/BENEFICIAL, UPON DEAL TERMINATION UNDER SOME CIRCUMSTANCES -SEC FILING.  Full Article

WSFS Financial - In Bancorp Deal, Pro Forma Ownership Of About 60 Pct To Co's Shareholders
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Beneficial Bancorp Inc ::WSFS FINANCIAL -FROM BENEFICIAL BANCORP DEAL, PRO FORMA OWNERSHIP OF ABOUT 60 PERCENT CO'S SHAREHOLDERS, ABOUT 40 PERCENT BNCL SHAREHOLDERS - SEC FILING.WSFS FINANCIAL -FROM BENEFICIAL BANCORP DEAL, RODGER LEVENSON TO BE PRESIDENT AND CEO.  Full Article

WSFS Financial Corporation Announces Combination With Beneficial Bancorp Inc
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - WSFS Financial Corp ::WSFS FINANCIAL CORPORATION ANNOUNCES COMBINATION WITH BENEFICIAL BANCORP, INC., CREATING THE LARGEST, PREMIER, LOCALLY-HEADQUARTERED COMMUNITY BANK FOR THE GREATER DELAWARE VALLEY.WSFS FINANCIAL CORP - DEAL FOR APPROXIMATELY $1.5 BILLION.WSFS FINANCIAL CORP - BENEFICIAL BANK, WHOLLY OWNED SUBSIDIARY OF BENEFICIAL, WILL MERGE INTO WSFS BANK.WSFS FINANCIAL - STOCKHOLDERS OF BENEFICIAL WILL RECEIVE 0.3013 SHARES OF WSFS COMMON STOCK & $2.93 IN CASH FOR EACH SHARE OF BENEFICIAL COMMON STOCK.WSFS FINANCIAL CORP - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO WSFS' EARNINGS PER SHARE IN FIRST FULL YEAR OF COMBINED OPERATIONS.WSFS FINANCIAL CORP - ANTICIPATES CONSOLIDATING ABOUT 25% OF COMBINED PHYSICAL BANKING OFFICES OVER NEXT 12 TO 24 MONTHS DUE TO GEOGRAPHIC OVERLAP.WSFS FINANCIAL CORP - WSFS PLANS TO REINVEST $32 MILLION INTO A FIVE-YEAR INVESTMENT IN TECHNOLOGY AND DELIVERY SYSTEMS.WSFS FINANCIAL CORP - BASED ON WSFS' CLOSING PRICE AS OF AUGUST 7, 2018, PER SHARE VALUE OF DEAL EQUATES TO $19.61 FOR BENEFICIAL STOCKHOLDERS.WSFS FINANCIAL CORP - ACQUISITION IS EXPECTED TO BE 8% ACCRETIVE ONCE ALL SYNERGIES ARE ACHIEVED IN 2021.WSFS FINANCIAL CORP - UPON DEAL COMPLETION, GERARD CUDDY, PRESIDENT AND CEO OF BENEFICIAL, WILL BECOME VICE CHAIRMAN OF WSFS BANK.WSFS FINANCIAL - GERARD CUDDY TO JOIN BOARDS OF DIRECTORS OF CO, WSFS BANK WITH 2 MUTUALLY AGREED UPON CURRENT DIRECTORS OF BENEFICIAL'S BOARD.  Full Article

WSFS Reports Q2 Core Earnings Per Share $0.90
Monday, 23 Jul 2018 

July 23 (Reuters) - WSFS Financial Corp ::WSFS REPORTS 2Q 2018 RECORD OPERATING RESULTS OF 1.65% ROA AND EPS OF $0.89, AN INCREASE OF 39%, DRIVEN BY STRONG, BALANCED, ORGANIC GROWTH IN NET INTEREST INCOME, FEE INCOME, LOANS AND DEPOSITS.WSFS FINANCIAL CORP <<>> Q2 CORE SHR $0.90.WSFS FINANCIAL CORP <<>> Q2 SHR $0.89.WSFS FINANCIAL CORP <<>> Q2 REVENUE ROSE 12 PCT TO $96 MLN.WSFS FINANCIAL CORP <<>> Q2 SHR VIEW $0.82 -- THOMSON REUTERS I/B/E/S.WSFS FINANCIAL CORP <<>> Q2 REV VIEW $60 MLN -- THOMSON REUTERS I/B/E/S.WSFS FINANCIAL CORP QTRLY NET INTEREST INCOME WAS $61.0 MLN, AN INCREASE OF $6.7 MLN, OR 12%, FROM 2Q 2017.  Full Article

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