NASDAQ$WSFS
WSFS Financial Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
WSFS reported strong second-quarter results, driven by loan, deposit, and diversified fee revenue growth, alongside a net interest margin of 3.85%.
WSFS Financial Corporation reported a solid second quarter in 2024, with a return on average assets (ROA) of 1.34% and earnings per share (EPS) of $1.16. The results reflect growth in loans, deposits, and diversified fee revenue, along with a net interest margin of 3.85%.
- Core fee revenue increased by 13%, driven by Cash Connect, Wealth and Trust, Capital Markets, and Mortgage businesses.
- Annualized loan growth of 6% was primarily driven by commercial and consumer lending portfolios.
- Deposits increased 3% annualized.
- Net interest margin increased slightly from the prior quarter to 3.85%.
Headline financials
Revenue & EPS history
WSFS · Revenue · Quarterly
$266M
Revenue by segment
WSFS · $51.3M total across 2 segments · Q3 2023
- Wealth and Trust$33.3M+11.4%64.9%
- Cash Connect$18M+40.6%35.1%
Forward guidance
WSFS's strong performance in Q2 2024 provides momentum heading into the second half of the year.
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 2024
+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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