WSFS Financial Corp (WSFS.OQ)
16 Feb 2018
Mon, Jan 22 2018
* WSFS REPORTS 4Q 2017 AND FULL YEAR 2017 RESULTS; 11% INCREASE IN NET REVENUE OVER 4Q 2016 DRIVEN BY OVER 10% ORGANIC GROWTH IN LOANS, DEPOSITS AND FEE INCOME, AND CONTINUED IMPROVEMENTS IN NET INTEREST MARGIN; RESULTS IMPACTED BY ACTIONS RELATED TO RECENT
* WSFS ANNOUNCES ACTIONS RELATED TO THE TAX CUTS AND JOBS ACT OF 2017, AND OTHER YEAR-END NOTEWORTHY ITEMS
* WSFS AND SOFI STRIKE AGREEMENT ON NEW CASH MANAGEMENT ACCOUNT
* 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
* WSFS Financial Corp - announced that it has called $55.0 million of senior debt with a coupon rate of 6.25%.