NASDAQ$WSFS
WSFS Financial Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
WSFS reported a strong Q2 2021 with EPS of $2.01 and ROA of 2.60%, reflecting the strength of its diversified business model and a $67.6 million ACL release.
WSFS Financial Corporation reported a strong second quarter of 2021, with significant improvement in credit metrics and solid growth in fee businesses. The company's EPS reached $2.01 and ROA was 2.60%. A notable $67.6 million release from the allowance for credit losses contributed to the positive results.
- Core ROA was 2.59% in 2Q 2021 compared to (0.73)% for 2Q 2020.
- Core EPS was $2.00 in 2Q 2021 compared to $(0.46) for 2Q 2020.
- Total net credit (recoveries) costs were $(68.1) million during the quarter, driven by a $72.4 million decrease in the allowance for credit losses (ACL).
- Core fee revenue (noninterest income) was $43.8 million, an increase of $3.3 million, or 8%, compared to 2Q 2020.
Headline financials
Revenue & EPS history
WSFS · Revenue · Quarterly
$162M
Revenue by segment
WSFS · $32.1M total across 2 segments · Q2 2021
- Wealth and Trust$20.4M+37.8%63.6%
- Cash Connect$11.7M+25.8%36.4%
Forward guidance
WSFS anticipates closing the merger with Bryn Mawr in early Q4 2021, pending remaining regulatory approval.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.1%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.2%
Avg return
30 days after
47%
31 / 66 earnings
Positive
+17.2%
Q1 2020
Best reaction
-8.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | +1.4% | +2.2% | |
| Q4 2025 | +6.5% | +11.8% | +14.6% | |
| Q3 2025 | +0.2% | +0.3% | +5.4% | |
| Q2 2025 | -1.5% | -0.4% | -0.1% | |
| Q1 2025 | -0.9% | -1.2% | +1.2% | |
| Q4 2024 | +1.3% | +2.2% | -2.4% | |
| Q3 2024 | -3.1% | -1.6% | +19.4% | |
| Q2 2024 | +1.3% | +1.0% | -1.4% | |
| Q1 2024 | -4.9% | -5.2% | -2.5% | |
| Q4 2023 | +1.7% | +3.3% | -8.4% | |
| Q3 2023 | +0.3% | -1.1% | +13.1% | |
| Q2 2023 | -0.2% | +4.9% | -4.7% | |
| Q1 2023 | -8.4% | -6.2% | -9.1% | |
| Q4 2022 | +1.7% | +2.6% | +4.7% | |
| Q3 2022 | -5.5% | -5.2% | -2.6% | |
| Q2 2022 | +5.0% | +13.3% | +17.7% | |
| Q1 2022 | -3.5% | -5.1% | -8.7% | |
| Q4 2021 | +3.4% | +0.1% | -1.3% | |
| Q3 2021 | +0.1% | -3.8% | -3.0% | |
| Q2 2021 | -3.0% | -2.8% | +0.2% | |
| Q1 2021 | +2.2% | +4.7% | +9.0% | |
| Q4 2020 | -2.4% | -7.7% | +16.5% | |
| Q3 2020 | +5.4% | +0.8% | +27.4% | |
| Q2 2020 | +2.0% | +3.7% | +6.4% | |
| Q1 2020 | +17.2% | +18.4% | +30.5% | |
| Q4 2019 | -4.0% | -3.7% | -4.9% | |
| Q3 2019 | +2.8% | -1.3% | -0.6% | |
| Q2 2019 | +2.0% | +5.4% | +6.7% | |
| Q1 2019 | +0.3% | +0.2% | -5.9% | |
| Q4 2018 | +3.7% | +2.5% | +5.6% | |
| Q3 2018 | -2.2% | -4.5% | -6.2% | |
| Q2 2018 | +3.6% | +3.6% | -7.4% | |
| Q1 2018 | +4.2% | +3.0% | +6.6% | |
| Q4 2017 | -0.8% | +1.7% | -3.0% | |
| Q3 2017 | -2.7% | +1.1% | -3.6% | |
| Q2 2017 | -1.5% | -2.5% | -3.8% | |
| Q1 2017 | -5.7% | -5.8% | -12.5% | |
| Q4 2016 | -2.1% | -1.7% | +1.1% | |
| Q3 2016 | -5.2% | -1.4% | +19.7% | |
| Q2 2016 | +1.8% | -0.4% | +10.1% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | +1.6% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q4 2014 | -2.3% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | +2.7% | — | — | |
| Q3 2013 | +7.7% | — | — | |
| Q2 2013 | -3.2% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +3.0% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q4 2010 | -5.2% | — | — | |
| Q2 2010 | -5.2% | — | — | |
| Q1 2010 | +8.6% | — | — |
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