NASDAQ$WSFS
WSFS Financial Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
WSFS reported a core ROA of 1.22% and EPS of $1.08, reflecting loan, deposit, and fee revenue growth.
WSFS Financial Corporation announced its Q3 2024 financial results, with a core Return on Average Assets (ROA) of 1.22% and Earnings Per Share (EPS) of $1.08. The results reflect continued growth in loans, deposits, and fee revenue. Gross loan growth was reported at 1% (5% annualized), driven by commercial, consumer, and residential mortgage portfolios. Customer deposits increased by 1% (3% annualized), primarily due to seasonal municipal deposit inflows.
- Core ROA was 1.22%, compared to 1.25% for 2Q 2024.
- Core EPS was $1.08, flat from 2Q 2024.
- Gross loan growth of 1% (5% annualized) from 2Q 2024 driven by growth in commercial, consumer, and residential mortgage.
- Customer deposits increased 1% (3% annualized) compared to 2Q 2024, driven by seasonal increases in municipal deposits and continued increases in customer time deposits, partially offset by expected outflows in Wealth and Trust deposits.
Headline financials
Revenue & EPS history
WSFS · Revenue · Quarterly
$268M
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
While the 50 basis point decrease in the Fed Funds Rate in mid-September had a minimal impact on 3Q results, WSFS has updated their full-year 2024 Outlook in their Earnings Release Supplement to reflect this change.
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 Q3 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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